Commercial Observer Extell Development Co. has acquired the $260 million mezzanine loan that encumbers the 2 million-square-foot Worldwide Plaza office property in Manhattan. The purchase could ultimately give Extell, of New York, title to the 35-year-old building, as...

Multi-Housing News JPMorgan Chase Bank has provided a $40.8 million loan to facilitate RPM Living's purchase of the Reserve at Glenbridge, a 274-unit apartment property in Cincinnati. RPM, an Austin, Texas, investor, acquired the property from GoldOller Real...

Bloomberg Mori Trust Co. has paid $541 million for the 212-room Equinox Hotel and 253,000 square feet of office and retail space in the bottom 38 floors of the 35 Hudson Yards mixed-use property in the Hudson Yards...

The Real Deal Blackstone is said to be paying about $130 million, or $469,314/room, for the 277-room Four Seasons hotel at 757 Market St. in San Francisco. The New York investment giant would acquire the property from Westbrook...

Commercial Real Estate Direct Staff Report The 339,357-square-foot office building at 205 East 42nd St. in midtown Manhattan that a venture of 601W Cos. and David Werner Real Estate Investments recently purchased for $164.7 million, or $485.33/sf, was underwritten...

Commercial Observer Bridge Logistics Properties has paid $174 million, or $158.18/unit, for the 1.1 million-square-foot industrial property at 10681 Production Ave. in Fontana, Calif., about 49 miles east of Los Angeles. The New York investment manager acquired it...

New York Business Journal EducationRE Inc. has paid $94 million, or $605.81/sf, for the 150,000-square-foot office property at 425 Westchester Ave. in the Bronx, N.Y. The Fort Lauderdale, Fla., non-profit bought the property from Starwood Capital Group, which built...

Commercial Real Estate Direct Staff Report With its maturity fast approaching, the $515 million senior loan against 738,385 square feet of office space at the New York Times Building in midtown Manhattan, has transferred to special servicer Trimont...

Broad Creek Capital has raised $25 million of a projected $150 million for its BCC Multifamily Advantage Fund I, which targets apartment properties in the country's Sunbelt region. The Arlington, Va., investment manager, which has some $500 million...

Manulife Investment Management has formed a venture with TruAmerica Multifamily that will target $1 billion of investments in Affordable-housing properties. The venture, Anchor Point Residential, will focus on the acquisition of general partnership interests in properties funded in...

A partnership of Affinius Capital and Axonic Capital has provided $45.2 million of financing for the construction of the 1,600-unit Extra Space McKinnon Avenue self-storage facility in San Francisco. Talonvest Capital arranged the debt on behalf of the...

South Florida Business Journal An affiliate of JRK Property Holdings has bought the Motion at Dadeland Apartments, a 294-unit complex in Miami for $72.44 million, or $198,466/unit. The Los Angeles company purchased the 25-story property from Lerner Enterprises...

Northmarq has originated a $34.3 million Fannie Mae loan against Acclaim of Woodbury, a 109-unit apartment property in Woodbury, Minn., about 23 miles east of Minneapolis. The five-year loan pays a fixed-rate coupon and requires only interest payments...

Commercial Observer A company calling itself Hubb NYC Properties has paid $85 million, or $809,523/unit, for the 105-unit apartment property at 181 Front St. in the Dumbo section of Brooklyn, N.Y. An affiliate of the Carlyle Group sold...

Madison Realty Capital has provided $630 million of financing for the Bentley Residences, a 216-unit condominium project that's currently under construction in Sunny Isles Beach, Fla. Dezer Development, in partnership with Bentley Motors, is building the 61-story tower...

EPC Real Estate Group has lined up $26.5 million of financing for the development of the Rocks, a 287-unit apartment property in Roeland Park, Kan. JLL Capital Markets arranged the loan on behalf of the Overland Park, Kan.,...

Wells Fargo Bank has provided a $20.5 million loan against the 49-unit Zoria Apartments at 88-11 179th Place in the Jamaica section of Queens, N.Y. The five-year loan, which was arranged by Eastern Union, pays a 5.98% coupon...

The Real Deal A venture of 601W Cos. and David Werner Real Estate Investments has lined up $100 million of financing for its purchase of the 205 East 42nd St. office building in Midtown Manhattan. JPMorgan & Co....

Commercial Real Estate Direct Staff Report Barings has paid $54.5 million, or $365.32/sf, for Market Meadows, a 149,185-square-foot shopping center in Naperville, Ill., about 31 miles west of Chicago. The Charlotte, N.C., investment manager acquired the retail property,...

South Florida Business Journal An affiliate of West Shore has bought Turnbury at Palm Beach Gardens, a 542-unit apartment complex in Palm Beach Gardens, Fla., for $117.9 million, or $217,528/unit. The Boston company purchased the two-story property from...

Charlotte Business Journal GSL Properties Inc. has paid $58.8 million, or $245,000/unit, for the Tryon Farms Apartments in Charlotte, N.C. The Portland, Ore., company bought the 240-unit property from LivCor, an affiliate of Blackstone, which purchased it four...

Commercial Real Estate Direct Staff Report McCarthy Cook & Co. has paid $51.5 million, or $298.99/sf, for Tailwinds at Gateway, a 172,244-square-foot industrial property in Mesa, Ariz., about 34 miles southeast of Phoenix. The company, a venture partner...

Commercial Observer Citibank has provided a $65.5 million loan against the 224-room Fairfield Inn & Suites hotel at 538 West 58th St. in Manhattan. The financing will retire a $63 million loan from China CITIC Bank International. It's...

Commercial Real Estate Direct Staff Report An affiliate of Sixth Street Capital has paid $145 million, or $392,953/room, for the 369-room Seattle Marriott Waterfront hotel in Seattle. The San Francisco investment firm acquired the property from Braemar Hotels...

Commercial Observer Blackstone has provided a $220 million loan against the 305-unit apartment property at 268 Lorimer St. in the Williamsburg section of Brooklyn, N.Y. The two-building property is owned by a venture of the Loketch Group, Joyland...