Commercial Real Estate Direct Staff Report Continental Properties Co. has raised $203 million of investor commitments for its fourth development fund, exceeding its $200 million target. The Menomonee Falls, Wis., apartment developer launched the vehicle, Continental Properties Real...

PCCP has provided $41 million of senior mortgage financing against the 125-unit Tenney North Park apartment property in the North Park area of San Diego. The loan allowed developer Foulger-Pratt to retire construction financing and fund its stabilization...

A venture of Coastal Ridge Real Estate and Brookfield has paid $204.75 million, or about $787,500/unit for the 260-unit Grad San Jose student-housing property next to San Jose State University in San Jose, Calif. The venture—Coastal Ridge is...

Commercial Real Estate Direct Staff Report The $73.99 million CMBS loan against the Fashion Outlets of Niagara Falls has once again transferred to special servicer Midland Loan Services as it has matured and remains outstanding. The loan, the...

Multi-Housing News A group comprised of Kennedy Wilson, Hulic Co., and Fuyo General Lease has paid $176 million, or $564,103/unit, for One South Market, a 312-unit apartment property in downtown San Jose, Calif. The group acquired the property,...

KPMG is in talks to lease about 250,000 square feet at the 1.3 million-sf office building at 300 North LaSalle St. in Chicago. The accounting firm would relocate from Aon Center, where it occupies about 236,000 sf under...

Edwards Realty Co. has paid $30 million, or $108.05/sf, for the 277,654-square-foot retail component of the Block 37 mixed-use complex in downtown Chicago. The Orlando Park, Ill., company bought the property from CIM Group of Los Angeles, which...

Orlando Business Journal Phillips Edison & Co. has paid $69.1 million, or $408.88/sf, for Alafaya Square, a 169,000-square-foot retail center in the Orlando, Fla., suburb of Oviedo, Fla. The Cincinnati REIT acquired the eight-building property from a venture...

Atlanta Business Chronicle A venture of BKM Capital Partners and Kayne Anderson Real Estate has paid $100 million, or $212.31/sf, for Northridge Commons, a 471,000-square-foot light-industrial campus in Sandy Springs, Ga. BKM, of Newport Beach, Calif., and Kayne...

South Florida Business Journal Affordable Housing Preservation Corp. has paid $168.5 million, or $155,157/bed, for the Lapis, a 1,086-bed student-housing property near the campus of Florida International University in Sweetwater, Fla. The Jacksonville, Fla., nonprofit acquired the property...

Commercial Real Estate Direct Staff Report The 103,487 square feet of office space not owned by the LightHouse for the Blind and Visually Impaired at 1155 Market St. in San Francisco has been sold to STG Group for...

Commercial Property Executive Logistics Property Co. has paid $58 million, or $80.97/sf, for a 716,318-square-foot warehouse at 1401-1465 West Normantown Road in Romeoville, Ill. The Chicago developer acquired the industrial property from Heitman, which bought it in 2001...

OakNorth and Hickory CRE Lending have provided $37.8 million of financing to fund the redevelopment of the 69,754-square-foot office property at 3333 K St. NW in Washington, D.C.'s Georgetown area into a residential condominium property. The five-story building,...

Commercial Real Estate Direct Staff Report Cadence Real Estate Advisors has paid $28.99 million, or $219,621/unit, for the 132-unit Court at Northgate apartment property in Seattle. The local investment manager acquired the property, at 11300 Third Ave. NE,...

A venture of Ross Hotel Partners and Buckhead America Hospitality has paid $22 million, or $275,000/room, for the 80-room Doyle Hotel in Charlottesville, Va. The venture—both parties are headquartered in Atlanta—bought the six-year-old hotel, the former Quirk Hotel...

FPA Multifamily has paid $43.7 million, or $154,417/unit, for two adjacent apartment properties with a total of 283 units in Olympia, Wash. The San Francisco investment manager acquired the 170-unit Evergreen Garden Apartments at 3138 Overhulse Road NW...

Washington Business Journal An affiliate of Modon Holding has paid $76.1 million for the former Latham Hotel site at 3000 M St. NW in Washington, D.C.'s Georgetown neighborhood. The Abu Dhabi company acquired the property from an affiliate...

The Real Deal Corendon Hotels & Resorts has paid more than $50 million, or $260,417/room, for two hotels with a total of 192 rooms in Miami's South Beach neighborhood. The Netherlands-based hospitality company acquired the properties from a...

Ashford Hospitality Trust Inc. has sold the 263-room Embassy Suites Philadelphia Airport to SSN Hotels for $26 million, or $98,859/room. The 36-year-old hotel, at 9000 Bartram Ave., was in the collateral pool for what was a $443.84 million...

Bravo Property Trust has provided $80 million of financing to fund the construction of a 194-unit apartment building at 2201 Third Ave. in Manhattan's East Harlem section. The 22-story building, at 120th Street, four blocks from Marcus Garvey...

L.A. Business First Overton Moore Properties has paid $58.5 million, or $235.79/sf, for the 248,100-square-foot industrial property at 14555 Alondra Blvd. in La Mirada, Calif. The Torrance, Calif., real estate developer bought the property from Brookfield in a...

Dwight Capital has provided $34 million of financing under the U.S. Department of Housing and Urban Development's 223(f) program for the 160-unit Reserve at Willow Ridge apartment property in Lancaster, Pa. The loan allowed the property's developer and...

Silicon Valley Business Journal SFF Realty Partners has paid $82 million, or about $197/sf, for The Almaden, a three-building office complex in downtown San Jose, Calif. The San Francisco investment firm acquired the property from KBS of Newport...

Cincinnati Business Courier InSite Real Estate has paid $55.95 million, or $40.54/sf, for the 1.38 million-square-foot industrial property at 3500 Salzman Road in Monroe, Ohio, a suburb of Cincinnati. The Oak Brook, Ill., real estate firm acquired the...

Commercial Real Estate Direct Staff Report An affiliate of family-office platform Cambridge Five Capital has paid $40 million, or $186,916/room, for the 214-room Tarrytown House Estate boutique hotel in the Westchester County, N.Y., village of Tarrytown. The New...