Commercial Real Estate Direct Staff Report Office Properties Income Trust, which last year expressed doubt about its ability to continue as a going concern, has filed for bankruptcy. The filing was made in October in the U.S. Bankruptcy Court...

Commercial Real Estate Direct Staff Report An affiliate of Goodman Real Estate has paid $47.76 million, or $343,597/unit, for the 130-unit ArtHouse apartment property in Seattle. The local investment firm acquired the property, at 2334 Elliott Ave., from...

Commercial Observer Northwind Group has provided $33 million of mortgage financing to facilitate William Macklowe Co.'s purchase of a $46 million loan on the 127,000-square-foot 291 Broadway office building in the Tribeca section of Manhattan. Macklowe purchased the loan...

Commercial Real Estate Direct Staff Report The $151.5 million CMBS loan against the 355,127-square-foot office building at 65 Broadway in Lower Manhattan had its term extended, taking its maturity to December 2028. The loan's modification previously was reported,...

The Commercial Real Estate Finance Council's upcoming Miami conference, set for Jan. 11-14, is shaping up to be among the best-attended of the trade group's major events. So far, more than 4,000 people are expected to attend. However,...

Denver Business Journal L&G Asset Management, America has paid $97.2 million, or $324,000/unit, for the 300-unit Alder apartments in Parker, Colo., a city that's 22 miles south of Denver. The British asset manager acquired the property from its...

Dallas Morning News Crescent Real Estate has lined up $170.4 million of financing for its purchase of 2100 McKinney, a 360,859-square-foot office building in Dallas. The Fort Worth, Texas, company purchased the 19-story property from a venture of...

Triangle Business Journal EQT Real Estate has paid $60.25 million, or $186.71/sf, for Woodlake Center VI and VII, a pair of warehouse buildings totaling 322,699 square feet in Morrisville, N.C. The Radnor, Pa., company purchased the industrial properties...

Triangle Business Journal Bell Partners Inc. has bought the Pallas at Pike & Rose, a 319-unit apartment building in North Bethesda, Md., for $125 million, or $391,850/unit. The Greensboro, N.C., company purchased the 19-story property from Federal Realty...

Commercial Real Estate Direct Staff Report The Hilton Portland Downtown and Duniway hotels, with a total of 782 rooms in Portland, Ore., had their combined appraised value reduced again, this time to $106.09 million. The latest appraisal, highlighted...

South Florida Business Journal Granite REIT has paid $64.13 million, or $289.11/sf, for the 221,815-square-foot industrial property at 201 NW 22nd Ave. in Fort Lauderdale, Fla. The Toronto REIT purchased the warehouse from ASB Capital Management of Bethesda,...

Commercial Observer A venture of Slate Property Group and Breaking Ground has paid $255 million for the 611-room Stewart Hotel at 371 Seventh Ave. in Midtown Manhattan, with plans to convert it into 579 affordable-housing units. The venture—both...

North River Partners, in partnership with funds managed by AB CarVal, has provided $56 million of financing for the construction of the Presley, a 236-unit apartment complex in Las Vegas. North River is a New York investment manager...

Bank OZK has provided $96.7 million of financing against a pair of completed industrial properties and one that's to be constructed in the north-central Illinois city of Rockford. The three properties will have a total of 658,395 square...

Commercial Real Estate Direct Staff Report An investor group led by Haig S. Bagerdjian has paid $46 million, or $206.96/sf, for the 222,268-square-foot IGT Corporate Center office property in Las Vegas. The group bought the property, at 6355...

Commercial Real Estate Direct Staff Report Bell Partners has paid $142 million, or $370,757/unit, for the 383-unit Alexan Access apartment property in the Seattle suburb of Lynnwood, Wash. The Greensboro, N.C., investment manager bought the property, at 2727...

Commercial Real Estate Direct Staff Report Credit Agricole has provided $450 million of mortgage financing against the 115,000 square feet of retail space on the three lowest floors of 715-717 Fifth Ave. in Midtown Manhattan. The financing is...

Minneapolis/St. Paul Business Journal Roundhouse has paid about $47 million, or $297,468/unit, for the 158-unit Second & Second apartments in Minneapolis. The Boise, Idaho, real estate investor acquired the property from its developer, Solaris Group. CBRE brokered the...

The Real Deal The TCG Senior Funding affiliate of Carlyle Group and Otera Capital Investments have  provided a total of $640 million of financing against the mixed-use building at 520 Fifth Ave. in midtown Manhattan. The loan allowed...

Dwight Mortgage Trust has provided $48 million of financing for the construction of the 275-unit Sycamore at Monroe apartment property in the Charlotte, N.C., suburb of Monroe, N.C. The property is being developed by Switzenbaum & Associates of...

Commercial Real Estate Direct Staff Report The New York City Council last week signed off on a legislative proposal that, if approved by the mayor, would give certain groups a right of first offer or the right to...

Dallas Business Journal KKR & Co Inc. has paid $124 million, or $62/sf, for a portfolio of three industrial buildings totaling 2 million square feet in Sunnyvale, Texas, about 14 miles east of downtown Dallas. The private equity...

Commercial Real Estate Direct Staff Report National Property Management Associates Inc. has paid $58 million, or $181,250/unit, for the 320-unit Lake Highland apartment property in Lakeland, Fla., midway between Tampa and Orlando, Fla. The Orchard Park, N.Y., apartment-investment...

Commercial Observer JPMorgan Chase Bank, Tyko Capital, and Apollo Global Management have provided $867 million of financing for the conversion of the 1.2 million-square-foot office building at 111 Wall St. in Lower Manhattan into more than 1,500 apartment...

The venture between Witkoff Group and hotelier Ian Schrager that owns the 367-room Public Hotel in Lower Manhattan has lined up $310 million of financing against the property. JPMorgan Chase Bank has provided $253 million of senior financing...