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...

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...