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...

Commercial Real Estate Direct Staff Report Mall at Turtle Creek in Jonesboro, Ark., which backed what in 2016 was a $71.86 million CMBS loan, has been sold, resulting in $20.13 million of losses to the two trusts that...

Commercial Real Estate Direct Staff Report An affiliate of Sabra Health Care REIT has paid $37 million, or $411,111/unit, for Kiley Ranch, a 90-unit seniors housing property in Sparks, Nev. The Tustin, Calif., REIT acquired the property from...

Commercial Real Estate Direct Staff Report The 662,708-square-foot office building at 100 East Pratt St. in Baltimore, which backs a $102.16 million CMBS loan, has had its appraised value slashed to $31.5 million. The 50-year-old building's prospects dimmed earlier...

Crain's Chicago Business Astoria Tower, a 248-unit apartment property in Chicago, has been brought to the sales market. JLL has been tapped by the property's owner, 3L Real Estate, to market the property. The Rosemont, Ill., investor acquired...

South Florida Business Journal An affiliate of TZ Capital Management has bought the 48,578-square-foot retail building at 151 Worth Ave. in Palm Beach, Fla., for $80.5 million, or $1,657/unit. The West Palm Beach, Fla., company purchased the vacant...

Commercial Real Estate Direct Staff Report Golden Horizon Enterprises has paid $69 million, or $355,670/unit, for the 194-unit Bella Grace apartment property in Chandler, Ariz. The Newport Beach, Calif., company acquired the property from an affiliate of Inland...

Commercial Real Estate Direct Staff Report Simon Property Group has purchased the 133,059-square-foot Phillips Place retail property in the SouthPark area of Charlotte, N.C. The Indianapolis REIT paid $144.8 million, or $1,088.24/sf, for the open-air property at 6800...

Commercial Real Estate Direct Staff Report GK Real Estate has lined up a total of $36.4 million of mortgage financing against the 379,982-square-foot Lake Mead Crossing retail property and an adjoining parcel of land in Henderson, Nev. The...