Commercial Real Estate Direct Staff Report AZ Family Partners has placed the winning bid for the 259,009-square-foot Preston Plaza office building in Dallas. News of the winning bid, which was placed at an auction last month, was first...

Phoenix Business Journal A limited liability company led by local investor James Shough has paid $45 million, or $553.67/sf, for Paradise Valley Marketplace, an 81,276-square-foot retail center in Phoenix. Shough acquired the property, at 10810 North Tatum Blvd.,...

Commercial Real Estate Direct Staff Report Columbia Sussex Corp. has paid $112 million, or $150,538/room, for the 733-room Hilton Daytona Beach Oceanfront Resort in Daytona Beach, Fla. The Crestview Hills, Ky., hotel company bought the 37-year-old property from...

The Real Deal William Macklowe Co. has bought the $46 million loan against 291 Broadway, a 133,000-square-foot office building in the Tribeca section of Manhattan, giving the New York investor a path to take title to the collateral....

Bisnow United Construction and Development Group has paid $64.25 million, or $617.79/sf, for the 104,000-square-foot mixed-use building at 41-60 Main St. in the Flushing section of Queens, N.Y. The local developer acquired the property, with office and retail...

Commercial Observer A venture of AM Management, Eyn Holding, and Axonic Capital has paid $133 million, or $390.94/sf, for the 340,208-square-foot office property at 114 West 41st St. in midtown Manhattan. The venture acquired the property from Clarion...

Multi-Housing News A venture of GT Capital and Freestone Capital Management has paid about $43.7 million, or $227,604/unit, for the 192-unit Lock Vista Apartments in the Ballard neighborhood of Seattle. GT Capital, of Kenosha, Wis., and Freestone, of...

Argentic Real Estate Finance has provided $50 million of financing against the three-property Novi at Concord apartment complex that a venture led by Denholtz developed in the Charlotte, N.C., suburb of Concord, N.C. Denholtz, of Red Bank, N.J.,...

Commercial Property Executive Goldman Sachs has originated $63 million of financing against Central Arts Plaza, a 485,687-square-foot office property in Phoenix. A $33 million piece of the debt is securitized through BBCMS Mortgage Trust, 2025-5C38, while a $23...

Cincinnati Business Courier Real Capital Solutions has paid $59 million, or $106.57/sf, for First Financial Center, a 553,659-square-foot office building in downtown Cincinnati. The Louisville, Colo., investor acquired the property from Tolis Advisors, which bought it out of...

Dallas Business Journal Eckard Enterprises has bought the 190,000-square-foot office building at 7300 State Highway 121 in McKinney, Texas, for $66 million, or $347.37/sf. The Allen, Texas, company, which specializes in the oil and gas industry, purchased the...

Austin Business Journal Stratus Properties Inc. has sold the 99,377-square-foot retail component of the Lantana Place mixed-use development in Austin, Texas, for $57.5 million, or $578.60/sf. The local developer sold the space to a venture of Scripps CMH...

Dallas Morning News TOG Hotel Properties is offering for sale the 292-room Crowne Plaza Dallas Downtown by IHG hotel. The Santa Ana, Calif., company has tapped local brokerage Tabani Realty to market the property for sale. The 23-story...

Commercial Real Estate Direct Staff Report An investor group has paid $25.98 million, or $242.08/sf, for the 107,320-square-foot Chandler Sunset Plaza retail center in the Phoenix suburb of Chandler, Ariz. The group, led by Rajan Rakheja and Hekmat...

Commercial Real Estate Direct Staff Report The venture that owns the 1.52 million-square-foot 110 North Wacker Drive office building in Chicago has lined up a $700 million loan, allowing it to retire $556.1 million of existing debt as...

Commercial Real Estate Direct Staff Report Hilton Realty Co. has paid $18 million, or just more than $67.20/sf, for two buildings totaling 267,830 square feet within the Princeton South Corporate Center office complex in the central New Jersey...

Crain's Chicago Business Draper & Kramer has paid $88.5 million, or $336,501/unit, for Eleven33, a 263-unit apartment property in Oak Park, Ill., a western suburb of Chicago. The Chicago developer acquired the 12-story property from its developer, Willow...

South Florida Business Journal An affiliate of Maven Real Estate has bought Atlantic Crossings, a 197,406-square-foot shopping center in Coral Springs, Fla., for $40.5 million, or $205.16/sf. The Coral Gables, Fla., company purchased the retail property from Allied...

USBank has provided $107.25 million of mortgage financing against six industrial properties with 1.48 million square feet, helping fund the $165 million purchase of the portfolio by an investment fund sponsored by MDH Partners. As reported, the portfolio was...

Commercial Real Estate Direct Staff Report Berkshire Residential Investments paid $55.7 million, or $409,558/unit, for the 136-unit Walton Lofts apartment property in Seattle. The Boston investment manager acquired the property, at 75 Vine St., from Clarion Partners, which...

Charlotte Business Journal A Blackstone affiliate has paid $24 million, or $142.45/sf, for the 168,480-square-foot industrial building at 11920 Vanstory Drive in Huntersville, N.C., 13 miles north of Charlotte, N.C. The New York investment giant purchased the property...

Capstone Equities has completed its $80.71 million, or $883.88/sf, purchase of 28&7, a 91,313-square-foot office building at 205 West 28th St. in Manhattan's Chelsea neighborhood. The New York investment manager bought the 12-story building, which has an alternate address...

Commercial Real Estate Direct Staff Report The owner of the 523,673-square-foot Park Place office building in Chandler, Ariz., has asked for a six-month extension of the property's $82.5 million CMBS loan, prompting its transfer to special servicer LNR...

South Florida Business Journal Comras Co. has paid $130.8 million, or $842.72/sf, for a 155,211-square-foot retail portfolio in Miami Beach, Fla. The locally based company purchased the five-building portfolio from a venture of Terranova Corp., also of Miami...

Triangle Business Journal Novartis has bought the 45-acre site at 14 T.W. Alexander Drive in Durham, N.C., for $155 million as part of its plan to open a regional flagship manufacturing hub. The drugmaker purchased the property Alexandria Real...