South Florida Business Journal An affiliate of Lone Star Funds has bought the two-building Alhambra office complex in the Miami suburb of Coral Gables, Fla., for $119.6 million, or $376.61/sf. The Dallas company purchased the 317,566-square-foot property from DWS...

John M Corcoran & Co. has paid $53.6 million, or $422,047/unit, for the 127-unit 929 Mass apartment property in Cambridge, Mass. The Braintree, Mass., investor acquired the property, at 929 Massachusetts Ave., from Equity Residential of Chicago in...

Commercial Real Estate Direct Staff Report An Orange County, Calif., family office operating as Plaza Pacifica LP has paid $21 million, or nearly $887/sf, for Plaza Pacifica, a 23,679-square-foot retail property in the Southern California city of San...

Wells Fargo Bank, JPMorgan Chase Bank, and Bank of America are providing $480 million of mortgage financing to facilitate SL Green Realty Corp.'s $730 million, or $1,173/sf, purchase of the 621,824-square-foot Park Avenue Tower office building in Manhattan's...

Commercial Real Estate Direct Staff Report Continental Realty Corp. has paid $25.5 million, or $95.86/sf, for Thornton Town Center, a 266,008-square-foot shopping center in Thornton, Colo., a city that's nine miles north of Denver. The Baltimore investment manager...

New York City Mayor Zohran Mamdani's administration wants to ensure that whoever buys the 93 apartment properties with about 5,100 units that Pinnacle Group threw into bankruptcy repairs and maintains them and continues to abide by the city's...

PCCP has provided $76 million of senior mortgage financing against the 384-unit Overall Creek apartment property in Murfreesboro, Tenn. The loan, arranged by Cushman & Wakefield, allowed the property's owner, Denholtz of Red Bank, N.J., to refinance and...

Commercial Real Estate Direct Staff Report PCCP has provided $84 million of financing against the 335-unit Montreux apartment property in Phoenix. CBRE arranged the loan on behalf of the property's owner, Pacific Development Partners of Los Angeles. It...

A venture of the Carlyle Group and Z+G Property Group has paid $105 million, or $795,454/unit, for the 132-unit apartment property at 130 Second St. in the Gowanus section of Brooklyn, N.Y. Invesco Real Estate provided an $80...

Accesso has purchased 76 acres in the Orlando, Fla., area on which it will develop the Ovation Orlando mixed-use complex that will have retail space, hotels, and residential condominiums. The Hallandale Beach, Fla., investment manager bought the parcel,...

Commercial Real Estate Direct Staff Report Stellar Senior Living has paid $40 million, or $115,942/unit, for the 345-unit Thunderbird Senior Living seniors-housing property in the Phoenix suburb of Glendale, Ariz. The Midvale, Utah, seniors-housing operator acquired the property,...

Orlando Business Journal Bell Partners has purchased the Trelago Apartments in Maitland, Fla., for $111.25 million, or $317,857/unit. The Greensboro, N.C., company acquired the 350-unit complex from Kettler Inc. of McLean, Va., which had bought it in 2019...

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...