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...

Commercial Real Estate Direct Staff Report An affiliate of Christopher Todd Communities has paid $55.24 million, or $286,217/unit, for the 193-unit Yardly Paradisi apartment property in the Phoenix suburb of Surprise, Ariz. The Mesa, Ariz., company, which specializes...

Montana Avenue Capital Partners has paid $84.5 million, or $195.95/sf, for the 431,233-square-foot office and research and development property at 53 and 63 South Ave. in the Boston suburb of Burlington, Mass. The Los Angeles investment manager acquired...

South Florida Business Journal Advenir has paid $60.9 million, or $244,578/unit, for the Bell Lighthouse Point Apartments, a 249-unit complex in Pompano Beach, Fla. The Aventura, Fla., multifamily investor bought the property from an affiliate of Bell Partners of...

Savanna Asset Management and 1823 Partners have provided $58.5 million of mortgage financing to facilitate Capstone Equities' $83 million purchase of the 100,000-square-foot office building at 205 West 28th St. in Manhattan's Chelsea area. The loan was arranged by...

A venture of ViaWest Group and GEM Realty Capital has secured $43.3 million of financing for the construction of 5400 South, a 470,334-square-foot industrial property in West Valley City, Utah. The floating-rate loan was arranged by JLL Capital...

Clarion Partners, which nine years ago paid $76 million for the Walton Lofts in Seattle, has sold the 136-unit apartment property. The purchase price and buyer could not yet be learned. The New York investment manager, which funded...

Commercial Observer The venture of Chetrit Organization and Stellar Management that owns the Yorkshire and Lexington Towers apartment buildings on Manhattan's Upper East Side evidently has negotiated a term extension of the properties' matured $539.5 million CMBS loan....

South Florida Business Journal IMT Capital has bought the 456-unit Seabourn Apartments in Boynton Beach, Fla., for $183.5 million, or $402,412/unit. The Sherman Oaks, Calif., real estate firm acquired the property from Dermot Co. of New York, which...

Crain's Chicago Business Core Acquisitions has paid $44 million, or $102.33/sf, for the Deerbrook Shopping Center, a 430,000-square-foot retail center in Deerfield, Ill., about 24 miles north of Chicago. The local investor acquired the property, at 110 South...

Atlanta Business Chronicle New York Life has paid $53.5 million, or $218,367/unit, for the Perimeter Gardens at Georgetown apartment complex in the Atlanta suburb of Dunwoody, Ga. The New York-based life insurance company purchased the 245-unit property from...

PPM America Inc. has provided $27.1 million of mortgage financing against the 147,620-square-foot Bridge Point Piscataway industrial property in the central New Jersey township of Piscataway. The bridge loan was arranged by JLL Capital Markets. It's designed to...

Commercial Real Estate Direct Staff Report Camden Property Trust has been reducing the rents it charges at its apartment properties while focusing on maintaining occupancy. The Houston REIT, which owns 174 properties with 59,416 units, primarily in the...

Sagard Real Estate has paid $17.85 million, or $266.54/sf, for the 66,970-square-foot industrial building at 8 Roessler Road in the Boston suburb of Woburn, Mass. The Denver investment manager, the former EverWest Real Estate Investors, bought the property...

South Florida Business Journal Pantzer Properties has bought Manor Miramar, a 393-unit apartment complex in Miramar, Fla., for $161 million, or $409,669/unit. The New York company purchased the eight-story property from a venture of Related Group of Miami...

Commercial Real Estate Direct Staff Report Brookfield Asset Management has acquired the leasehold interest in Sheraton Phoenix Downtown, a 1,003-room hotel in Phoenix. The purchase price could not yet be learned. The New York investment firm acquired the...

Natixis Corporate & Investment Banking has provided $260 million of mortgage financing against the 310-unit Aire Apartments in the Lincoln Square section of Manhattan. The 43-story building, at 200 West 67th St., is owned by a venture of Carlyle...

Commercial Observer Valley National Bank has provided $125 million of mortgage financing for the 296-unit apartment property at 2360 Bedford Ave. in the Flatbush section of Brooklyn, N.Y. The loan allows the property's developer, Clipper Equity LLC of...

Charlotte Business Journal Highwoods Properties is under contract to buy Legacy Union 6Hundred, a 415,000-square-foot office building in Charlotte, N.C., for $223 million, or $537.35/sf. The Raleigh, N.C., REIT is buying the 24-story property from Lincoln, a Dallas...