Commercial Real Estate Direct Staff Report Jackson Square Properties has paid $161.5 million, or $301,305/unit, for a pair of apartment complexes with a combined 536 units in Sacramento, Calif. The two properties are the 270-unit Zeta, at 3761...

Rockpoint Group has acquired a 49% stake in the 874,200-square-foot 100 Park Ave. office building in midtown Manhattan. The Boston investment manager bought the stake from SL Green Realty Corp., which has owned an interest in the building...

Commercial Observer Rialto Capital has provided a $150 million loan against the 270,000-square-foot office building at 100 Fifth Ave. in the Union Square area of Manhattan. The property is owned by Sovereign Partners, which bought it in 2023...

Commercial Observer Bank of America, Standard Chartered PLC, and Wells Fargo Bank have provided $1.6 billion of financing for the development of the 1.4 million-square-foot 70 Hudson Yards office building in Manhattan. The loan is the largest for...

South Florida Business Journal An affiliate of CenterPoint Properties has paid $124.5 million, or $266.18/sf, for Bridge Point Powerline Road, a 467,722-square-foot business park in Pompano Beach, Fla. The Oak Brook, Ill., company purchased the three-building industrial complex...

Atlanta Business Chronicle Olen Properties Corp. has bought Magnolia at Milton, a 635-unit apartment complex in the Atlanta suburb of Alpharetta, Ga., for $179.7 million, or $282,992/unit. The Newport Beach, Calif., company purchased the three-story property from IMT...

Commercial Real Estate Direct Staff Report A venture of Timberlane Partners and PCCP has paid $173 million, or $325,187/unit, for the 532-unit Jackson Apartments in Seattle. Timberlane, of Seattle, and PCCP, of Los Angeles, acquired the property from...

Orlando Business Journal AdventHealth has paid $84.25 million, or $154.06/sf, for the 546,859-square-foot industrial building at 5050 Wesley Road in Apopka, Fla. The Altamonte Springs, Fla., nonprofit healthcare system purchased the property from its developer, an affiliate of...

San Francisco Business Times Lone Star Funds has paid $130 million for the $240 million of CMBS debt against San Francisco's 600 California St., putting the Dallas private equity firm in position to seize the 359,883-square-foot office property....

Commercial Real Estate Direct Staff Report Clipper Realty Inc. has provided a $10 million letter of credit to fund a reserve account tied to the $100 million CMBS loan against its 141 Livingston St. office building in Brooklyn,...

Greystone has provided $83.8 million of Freddie Mac financing against the 478-unit Winchester Park & Woods apartment property in East Providence, R.I. The property, at 125 Village Green North, is owned by GAIA Real Estate of Miami, which...

Sterling Organization has paid $44.4 million, or $168.29/sf, for the 263,829-square-foot Bristol Plaza retail property in the Hartford, Conn., suburb of Bristol, Conn. The West Palm Beach, Fla., investment manager bought the 66-year-old property, on a 22-acre parcel...

Minneapolis/St. Paul Business Journal An affiliate of L&B Realty Advisors has paid $56.5 million, or $305,405/unit, for the Dock Street Flats, a 185-unit apartment property in Minneapolis. The Dallas investment firm acquired the five-story property from the Connor...

Commercial Real Estate Direct Staff Report Dominium has bought a pair of affordable-housing properties with 578 units in Durham, N.C., for $83.5 million. The Dallas developer paid $46.5 million, or $149,038/unit, for the 312-unit Falls Pointe at the Park...

Commercial Observer Hubb NYC Properties has paid $40 million, or $571,428/unit, for the 70-unit apartment property at 599 Baltic St. in the Gowanus section of Brooklyn, N.Y. The property was purchased from Adam America Real Estate of New...

Commercial Real Estate Direct Staff Report EQT Exeter REIT has paid $51.5 million, or $677.57/sf, for a 76,007-square-foot industrial property in Torrance, Calif. The property is believed to be the Frito-Lay LA Mega Distribution Center at 1500 Francisco...

Commercial Real Estate Direct Staff Report The $835 million CMBS loan against the 2.7 million-square-foot One New York Plaza office property in lower Manhattan is facing its final maturity next month, prompting a move to transfer the debt...

Commercial Real Estate Direct Staff Report The average monthly asking rent for apartment units nationally declined in November by $8 to $1,740/unit, according to Yardi Matrix, marking the fourth straight month in which rents have declined. But because...

Milwaukee Business Journal MLG Capital has paid $51.95 million, or $240,509/unit, for the 216-unit Platte View Landing Apartments in Brighton, Colo., which is 21 miles north of Denver. The Brookfield, Wis., investment firm acquired the property from Hamilton...

Commercial Real Estate Direct Staff Report Schnitzer Properties has paid $78.28 million, or $201.29/sf, for Warner Commerce Center, a 388,897-square-foot industrial property in the Phoenix suburb of Gilbert, Ariz. The Portland, Ore., developer acquired the property, at 4290,...

Dwight Capital has provided $67 million of financing under the U.S. Department of Housing and Urban Development's 223(f) program for the 311-unit Emerald Bay apartment property in the Miami suburb of Hialeah, Fla. The loan allows the property's...

Commercial Real Estate Direct Staff Report An affiliate of Invesco Real Estate has paid $89.8 million, or $199.44/unit, for the 450,260-square-foot Fairway Commerce Center industrial property in the Phoenix suburb of Avondale, Ariz. The Atlanta investment manager acquired...

Commercial Real Estate Direct Staff Report The venture that owns the 283-unit Cove at Tiburon apartment property in the San Francisco Bay town of Tiburon, Calif., has negotiated an extension of its $210 million loan, taking its maturity...

Multi-Housing News Prudential Financial has originated $50.2 million of financing against Thayne Brighton, a 288-unit apartment property in Brighton, Colo., a city that's 25 miles north of Denver. The loan matures in 2031 and allows the owner of...

Phoenix Business Journal Lam Research Corp. has paid $45.77 million, or $310.02/sf, for the 147,638-square-foot office building at 25700 North Norterra Parkway in Phoenix. The wafer fabrication equipment company acquired the property from JDM Partners, which bought it...