French investment manager Ardian has paid $540 million for a 60% stake in the 115,000 square feet of retail space on the three lowest floors of 715-717 Fifth Ave. in Midtown Manhattan. The company bought the stake from...

Commercial Real Estate Direct Staff Report Northmarq has originated $27.08 million of Fannie Mae financing against the 72-unit Madison Throop Place apartment property in Chicago's West Loop neighborhood. The five-year loan requires only interest payments for its entire...

Commercial Real Estate Direct Staff Report The $800 million CMBS loan against the 650 Madison Ave. office building in Midtown Manhattan that has been in special servicing since September, when it didn't receive its scheduled payment, has been...

Commercial Real Estate Direct Staff Report Apartment Investment and Management Co., or Aimco, which is looking to proceed with its liquidation, has agreed to sell seven suburban Chicago apartment properties with 1,495 units for $455 million, or $304,347/unit....

Commercial Real Estate Direct Staff Report The venture of GreenOak Real Estate and Highgate Capital that owns the 249-room Royalton Park Avenue Hotel in Manhattan might be close to refinancing the property's $115.71 million CMBS loan. The existing...

Crain's Chicago Business AMLI Residential has paid $135 million, or $490,909/unit, for the 275-unit Milieu apartments in Chicago's West Loop neighborhood. The local multifamily investor acquired the 20-story property, at 205 South Peoria St., from a venture led...

Truist Bank has provided a $71.96 million loan against the 201-unit Hazel apartment property at 89 Monitor St. in Jersey City, N.J. The property is owned by a venture of Beachwold Residential and Alpine Real Estate Group, both...

Houston Business Journal JPMorgan & Co. is hoping to line up a buyer for the 448-room Hilton Houston Post Oak in the city's Uptown area by the end of the year. The 14-story hotel, at 2001 Post Oak...

San Antonio Business Journal The Texas General Land Office has paid $62 million, or $136,564/room, for the Crockett and Menger hotels in San Antonio. The state agency paid $40.5 million, or $128,165/room, for the Menger, with 316 rooms...

Morgan Stanley Real Estate Investing has paid $211 million for a recently completed industrial building near Los Angeles International Airport and a 19-acre industrial outdoor storage facility. The building is said to be the 143,060-square-foot DFX3 Amazon Delivery...

Crain's New York Business SL Green Realty Corp. is looking to sell nine of its properties, including the 562,000-square-foot 1350 Ave. of the Americas, for which it could generate more than $300 million, or $534/sf. The nine properties...

Commercial Real Estate Direct Staff Report A venture of Palisade Group and Pearlmark Real Estate has paid $34 million, or $237.76/sf, for the 143,000-square-foot industrial property at 7411 Central Ave. in the San Francisco Bay Area city of...

Affinius Capital has provided $200 million of construction financing for the proposed 276-unit apartment property at 200 Douglass St. in the Gowanus section of Brooklyn, N.Y. The property is being developed by Midwood Investment & Development of New...

Commercial Observer Savanna Capital Partners has lined up $510 million of mortgage financing against the 682,988-square-foot 5 Bryant Park office building in midtown Manhattan, allowing it to retire a $463 million CMBS loan. The loan was provided by...

Lument has provided $30 million of Freddie Mac financing against the 202-unit Townes at the Terrace apartment property in Baltimore's Poppleton area. The property, at 800 West Saratoga St., is owned by the Housing Authority of Baltimore City,...

Commercial Observer Nuveen Real Estate has provided a $47 million loan against the 1,959-unit Storage Post East Village self-storage property at 444 East 10th St. in Manhattan’s East Village. The property is owned by a venture of Storage...

Commercial Real Estate Direct Staff Report Unable to line up sufficient financing to take out the $132 million mortgage against the 537,046-square-foot Millennium Corporate Park office property in suburban Seattle, the property's owner is seeking to get the...

OakNorth Bank has provided $60.7 million of financing to help fund an $81 million loan that S3 Capital provided for the construction of a 68-unit residential condominium building in the Greenpoint area of Brooklyn, N.Y. The property, at 19-29...

Panepinto Properties has lined up a $78 million preferred equity investment from Affinius Capital for its development of the 678-unit Harborside 8 apartment property in Jersey City, N.J. The Jersey City developer also lined up $306 million of...

Commercial Real Estate Direct Staff Report Home Depot has exited its 600,000-square-foot lease at Central Missouri Distribution Center, a 900,000-sf industrial property in Mexico, Mo., which is midway between Kansas City and St. Louis. The home improvement retailer's...

Commercial Property Executive Space Investment Partners has paid $64 million, or $518.63/sf, for Topanga Gateway, a 123,402-square-foot retail center in Woodland Hills, Calif., a city that's 24 miles northwest of Los Angeles. The Newport Beach, Calif., real estate...

Commercial Real Estate Direct Staff Report A venture of Bender Cos. and Eastham Capital has paid $75.3 million, or $147,937/unit, for the 509-unit Element apartment property in the Chicago suburb of Mount Prospect, Ill. Bender, of Chicago, and...

Commercial Real Estate Direct Staff Report Net cash flow at the 289,594 square feet of office space housed in the top 23 floors of the 625 North Michigan Ave. building in downtown Chicago has declined to the point...

Commercial Real Estate Direct Staff Report Wells Fargo Bank has provided $3.15 billion of Fannie Mae mortgage financing against the 11,244-unit Stuyvesant Town/Peter Cooper Village apartment complex in Manhattan. The loan will allow the property's owner, a venture...

Commercial Real Estate Direct Staff Report Morgan Stanley Investment Management's entry into the non-traded REIT sector, North Haven Net REIT, has paid $211.4 million, or $300.40/sf, for the 703,728-square-foot industrial property at 9785 Bellanca Ave. in Los Angeles....