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...

Affinius Capital has provided $74 million of mortgage financing against the recently completed Constellation Trade Center, a three-building industrial property with 798,470 square feet in El Paso, Texas, that's partially leased to Swiss logistics giant Kuehne+Nagel. The property...

Bender Cos. has paid $19.8 million, or $132,000/unit, for Lofts at Layton, a 150-unit apartment property in Milwaukee. The Chicago investment firm acquired the property, at 4602 South 20th St., from a local investor group in a deal...

Haverford Retail Partners has completed its $126 million purchase of a portfolio of three retail properties with 767,546 square feet in New Jersey, Ohio, and Pennsylvania from Site Centers Corp. The transaction, which was agreed to in September, was...

Commercial Real Estate Direct Staff Report A fund managed by Kennedy Wilson has paid $94.75 million, or $296,093/unit, for the 320-unit Fletcher Southlands apartment property in the Denver suburb of Aurora, Colo. The Beverly Hills, Calif., investment manager...

Commercial Real Estate Direct Staff Report A $40 million CMBS loan that was written just more than a year ago against a South Carolina industrial property has transferred to special servicing, making it the 32nd industrial loan in...

Commercial Real Estate Direct Staff Report The sale of the 1,024-room Hilton Parc 55 and 1,919-room Hilton San Francisco Union Square hotels has been completed. They were purchased by a venture of Newbond Holdings and Conversant Capital of New...

Commercial Real Estate Direct Staff Report The Federal Housing Finance Agency has increased the lending cap it imposes on Fannie Mae and Freddie Mac by nearly 21% to $88 billion. That means the two housing-finance agencies can lend...

Commercial Real Estate Direct Staff Report A venture led by Eagle Partners has paid $107 million, or $305,714/unit, for the 350-unit Hills at Hacienda Heights apartment property in the Los Angeles suburb of Hacienda Heights, Calif. The San...

Bisnow The Silverman Group has sold the 335,613-square-foot industrial building at 7555 Wood Road in the Atlanta suburb of Douglasville, Ga., for $41.9 million, or $124.85/sf. The Basking Ridge, N.J., company sold the property to Chadwell Supply Inc.,...

Denver Business Journal L&G - Asset Management, America has paid $81.88 million, or $462,598/unit, for Outlook Golden Ridge, a 177-unit apartment property in Golden, Colo., about 14 miles west of Denver. The British asset manager acquired the property,...

Crain's Chicago Business Friedkin Property Group has paid $130 million, or $427,631/unit, for One East Delaware, a 304-unit apartment property in Chicago. The San Francisco investment firm acquired the property, at 1 East Delaware Place, from a venture...

Dwight Mortgage Trust has provided $41 million of financing against the recently completed Pointe Grand Reservation Way apartment complex in Augusta, Ga. The loan allowed the property's developer, Hillpointe of Winter Park, Fla., to refinance a previous loan...

  Class Amt $mln Sub Level % Avg Life (yrs) Rating Fitch Rating Moody's Rating KBRA Price % Yield % Final Pricing (bp) Bnch mrk A-1 8.58 30.00 2.55 AAA Aaa AAA 99.9988 4.2518 +68 J-spread A-2 50.00...

Genesis Capital has provided $66.15 million of financing for the construction of the 198-unit Palm & Hollister apartment property in San Diego. The three-year loan by the Sherman Oaks, Calif., lender, which was acquired by Rithm Capital of...

Commercial Real Estate Direct Staff Report A group of lenders comprised of Goldman Sachs, Morgan Stanley, Barclays Capital, and Wells Fargo Bank is providing $970 million of mortgage financing against the 938-room Hotel Del Coronado in Coronado, Calif....

Commercial Real Estate Direct Staff Report ColRich has paid $77 million, or $231,927/unit, for the 332-unit Camden Copper Square apartment property in Phoenix. The San Diego investor acquired the property from its developer, Camden Property Trust of Houston....

The venture between Built Development Corp. and Ibex Ltd. that is developing the 74-unit Cuarto apartments in San Diego has lined up $31 million of financing to fund construction. Goodman Capital provided a senior loan, while SteepRock Capital...

Commercial Observer Ladder Capital has provided a $48.5 million loan against the 132-unit Strand apartment property at 176 Woodward Ave. in the Ridgewood section of Queens, N.Y. Walker & Dunlop arranged the loan, which allowed property owner Camber...

Invel Capital has partnered with Pearlmark Real Estate to pay $40.8 million for the 70-unit apartment property at 555 Northfield Ave. in the New York suburb of West Orange, N.J. The property includes the 17,000-square-foot Primrose School. The...

Olmstead Properties has paid $104 million, or $292.13/sf, for the 373 and 381 Park Ave. South office buildings, with a total of 356,000 square feet in Manhattan's Flatiron District. The New York investor bought the two from ATCO...

Commercial Real Estate Direct Staff Report The four remaining office buildings in the Heron Lakes office complex in Houston, whose CMBS loan was transferred to special servicing in 2018, might be closer to a sale as a high...