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...

Dallas Business Journal Albanese Cormier Holdings has purchased the 243,000-square-foot Shops at Legacy North in the Dallas suburb of Plano, Texas, for $78 million, or $320.99/sf. The Beaumont, Texas, company purchased the retail complex from CTO Realty Growth,...

MGR Real Estate has paid $89 million, or $226.74/sf, for Orange City Square, a 392,523-square-foot office property in the Los Angeles suburb of Orange, Calif. The Ontario, Calif., property owner bought the property, at 750, 770, 790, and...

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...