Commercial Real Estate Direct Staff Report The median monthly home mortgage payment was $3,121 in the third quarter. That was $1,425 more than what Realtor.com said was the median asking monthly rent for an apartment unit in the...

Commercial Real Estate Direct Staff Report Ashkenazy Acquisition Corp. has paid $60 million, or $100/sf, for the 600,000-square-foot Orland Park Place retail center in the Chicago suburb of Orland Park, Ill. The New York investment firm acquired the...

San Francisco Business Times Benedict Canyon Equities Inc. has paid $50 million, or $373,134/unit, for Vue Fremont, a 134-unit apartment property in Fremont, Calif., which is 35 miles south of San Francisco. The Los Angeles investment manager acquired...

REBusiness Online An affiliate of Academy Partners Group has paid $43.7 million, or $191.05/sf, for three industrial properties with 228,733 square feet in Phoenix. The Denver investment firm acquired the portfolio from Top10 Properties, which was represented by...

Philadelphia Inquirer The former Franklin Mills Mall has been placed on the sales block through JLL Capital Markets. The move is not surprising as the property's owner, Simon Property Group, placed the 1.58 million-square-foot shopping mall in its "other...

  Class Amt $mln Sub Level % Avg Life (yrs) Rating Fitch Rating MStarDBRS Rating S&P Price % Yield % Final Pricing (bp) Bnch mrk A-1 4.23 30.00 2.44 AAA AAA AAA 99.9982 4.2800 +75 J-spread A-2 90.00...

Atlanta Business Chronicle RadiusDC has bought a 10-megawatt, high-rise data center in downtown Atlanta for $49.96 million. The Denver data-center company, which is backed by private-equity firm Blue Owl Capital of New York, bought the 21-story property from an...

South Florida Business Journal A company managed by Bobby T. Castro, the co-founder of Bankers Healthcare Group, has bought the Ventura Pointe Apartments, a 206-unit complex in Pembroke Pines, Fla., for $52.5 million, or $254,854/unit. The Fort Lauderdale,...

South Florida Business Journal Artemis Real Estate Partners has bought the 220-unit Everleigh Palm Beach Gardens active-adult apartment complex in Palm Beach Gardens, Fla., for $69.4 million, or $315,455/unit. The Chevy Chase, Md., company purchased the property from...

Commercial Real Estate Direct Staff Report Clipper Equity has lined up $450 million of financing against the 766-unit apartment property at 77 Commercial St. in the Greenpoint neighborhood of Brooklyn, N.Y. The local developer, which built the property...

Commercial Observer The venture of Chetrit Organization and Read Property Group that owns the 355,127-square-foot office building at 65 Broadway in lower Manhattan has negotiated a modification of the terms of its $151.5 million CMBS loan. It is...

Commercial Real Estate Direct Staff Report Jackson Square Properties has paid $48 million, or $268,156/unit, for the 179-unit Trax at DuPont Station apartment property in the Seattle suburb of DuPont, Wash. The San Francisco multifamily investor acquired the...

The following story was edited to correct the size of the new loan, which previously was overstated. Commercial Real Estate Direct Staff Report Simon Property Group has lined up $120 million of fresh financing from Bank of America...

Commercial Observer Sovereign Partners has paid $273 million, or $409.30/sf, for the 667,000-square-foot 2 Grand Central Tower office building in midtown Manhattan. The New York investor acquired the property from Rockwood Capital of San Francisco, which offered it through...

  Commercial Real Estate Direct Staff Report Franklin BSP Realty Trust has taken Tides on Westcreek, a 269-unit apartment property in Fort Worth, Texas, through foreclosure. The property, at 6776 Westcreek Drive, was owned by Tides Equities, which...

Brown's Real Estate has paid $30.8 million, or $311.17/sf, for Shoppes at Wissinoming, the 98,982-square-foot shopping center at 5597 Tulip St. in Northeast Philadelphia. The Westville, N.J., investor, which owns and operates 14 ShopRite grocery stores in the...

Commercial Real Estate Direct Staff Report Declaration Partners, the family office of Carlyle Group co-founder David M. Rubenstein, has formed a venture with Pivotal Manufacturing Partners that has paid $74 million, or $447.58/sf, for a 165,335-square-foot manufacturing facility...

Commercial Real Estate Direct Staff Report Parkway Bank and Trust Co. has provided $79.1 million of financing for the construction of the 226-unit Osborn seniors-housing property in Scottsdale, Ariz. Work started on the property, at 3380 North Scottsdale...

Commercial Real Estate Direct Staff Report An affiliate of Top10Properties has paid $55 million, or $376.58/sf, for the 146,052-square-foot Power Commerce Park industrial property in the Phoenix suburb of Gilbert, Ariz. The local investor group, led by Richard...

Business Observer Enverra Real Estate Partners has bought 1 North Dale Mabry, a 255,878-square-foot office building in Tampa, Fla., for $40.3 million, or $157.50/sf. The Atlanta company teamed up with a New York family office in what's being...

Phoenix Business Journal Walmart Inc. has paid $152.2 million, or $118.91/sf, for the 1.28 million-square-foot Building C at Luke Field in Glendale, Ariz., about 25 miles northwest of Phoenix. The Bentonville, Ark., retail giant acquired the industrial property...

Commercial Real Estate Direct Staff Report Citi Real Estate Funding Inc. has provided $125 million of mortgage financing against the 508,875-square-foot office property at 525 Seventh Ave. in Manhattan's Garment District. The loan requires only interest payments for...

A venture of Catalyst Real Estate and SIII Investments has paid $51 million, or $126.87/sf, for the Highway 50 Industrial Portfolio, with four properties totaling 401,997 square feet in Sacramento and Rancho Cordova, Calif. To fund its purchase,...

Bloomberg A venture of TPG Inc. and Acadia Realty Trust Inc. has agreed to pay $425 million, or $834.15/sf, for 509,500 square feet of retail space at the Shops at Skyview in the Flushing section of Queens, N.Y....

Commercial Real Estate Direct Staff Report The 11,121 square feet of retail space at the base of the 11-story building at 21 Astor Place in the North of Houston Street, or NoHo, area of Manhattan, has been reappraised...