Commercial Real Estate Direct Staff Report Citi Real Estate Funding Inc. has provided $125 million of mortgage financing against the 508,875-square-foot office property at 525 Seventh Ave. in Manhattan's Garment District. The loan requires only interest payments for...

A venture of Catalyst Real Estate and SIII Investments has paid $51 million, or $126.87/sf, for the Highway 50 Industrial Portfolio, with four properties totaling 401,997 square feet in Sacramento and Rancho Cordova, Calif. To fund its purchase,...

Bloomberg A venture of TPG Inc. and Acadia Realty Trust Inc. has agreed to pay $425 million, or $834.15/sf, for 509,500 square feet of retail space at the Shops at Skyview in the Flushing section of Queens, N.Y....

Commercial Real Estate Direct Staff Report The 11,121 square feet of retail space at the base of the 11-story building at 21 Astor Place in the North of Houston Street, or NoHo, area of Manhattan, has been reappraised...

Milan Capital Management has paid $30.5 million, or $221.43/sf, for the 137,742-square-foot Pavilion Shopping Center in the San Diego suburb of Vista, Calif. The Orange, Calif., investment firm acquired the property, at 1900-98 Hacienda Drive, from Brixton Capital...

The Real Deal Amazon.com has paid $78.8 million, or $469.05/sf, for the 168,000-square-foot industrial building at 2964 Bradley St. in Pasadena, Calif., about 18 miles east of Los Angeles. The online retail giant acquired the property from Alvarez...

Commercial Real Estate Direct Staff Report Pittsburgh's Heinz 57 office building, whose $62.6 million CMBS loan comes due later this month, is facing challenging times. Its namesake tenant, H.J. Heinz Co., which leases 309,623 square feet of the...

South Florida Business Journal An affiliate of Arnet Pharmaceutical has paid $53.1 million, or $266.61/sf, for the Westport Business Park, a 199,165-square-foot industrial property in Davie, Fla. The local company, a manufacturer of vitamins and dietary supplements, bought...

A venture of Turnberry and Simon Property Group has paid $131 million, or just more than $606/sf, for the Esplanade at Aventura, a 216,100-square-foot mixed-use property next to its Aventura Mall in Aventura, Fla. The venture, Boulevard Step...

Knighthead Funding has provided $48 million of financing to help fund Clearview Hotel Capital's plan to convert part of the 508-room Stamford Marriott Hotel in downtown Stamford, Conn., into apartments. The Newport Beach, Calif., investment manager bought the...

South Florida Business Journal Welltower Inc. has purchased the 141-unit Barclay at Parksquare assisted-living facility in Aventura, Fla., for $46.88 million, or $332,482/unit. The Toledo, Ohio, company purchased the 10-story property from Royal Senior Care of Aventura. Barclay at...

Tampa Bay Business Journal An affiliate of Nuveen Real Estate has bought the Cypress Business Park, a more than 208,000-square-foot industrial property in Largo, Fla., for $40.5 million, or $194.71/sf. Cabot Properties of Boston was the seller. It...

Commercial Real Estate Direct Staff Report Federal Realty Investment Trust has paid $153 million, or $337.75/sf, for the 453,000-square-foot Village Pointe retail property in Omaha, Neb. The North Bethesda, Md., REIT acquired the property, at 17305 Davenport St.,...

Commercial Real Estate Direct Staff Report The $173 million of mortgage financing that UBS provided against the Crossgates Mall in Albany, N.Y., is comprised of senior and subordinate notes with five-year terms. A $105 million senior piece carries...

Empire State Realty Trust has agreed to pay $386 million, or $974.74/sf, for the 396,000-square-foot office property at 555-557 Broadway in the SoHo section of Manhattan. The New York REIT is buying the property from Scholastic Corp., which developed...

Commercial Real Estate Direct Staff Report AZ Family Partners has placed the winning bid for the 259,009-square-foot Preston Plaza office building in Dallas. News of the winning bid, which was placed at an auction last month, was first...

Phoenix Business Journal A limited liability company led by local investor James Shough has paid $45 million, or $553.67/sf, for Paradise Valley Marketplace, an 81,276-square-foot retail center in Phoenix. Shough acquired the property, at 10810 North Tatum Blvd.,...

Commercial Real Estate Direct Staff Report Columbia Sussex Corp. has paid $112 million, or $150,538/room, for the 733-room Hilton Daytona Beach Oceanfront Resort in Daytona Beach, Fla. The Crestview Hills, Ky., hotel company bought the 37-year-old property from...

The Real Deal William Macklowe Co. has bought the $46 million loan against 291 Broadway, a 133,000-square-foot office building in the Tribeca section of Manhattan, giving the New York investor a path to take title to the collateral....

Bisnow United Construction and Development Group has paid $64.25 million, or $617.79/sf, for the 104,000-square-foot mixed-use building at 41-60 Main St. in the Flushing section of Queens, N.Y. The local developer acquired the property, with office and retail...

Commercial Observer A venture of AM Management, Eyn Holding, and Axonic Capital has paid $133 million, or $390.94/sf, for the 340,208-square-foot office property at 114 West 41st St. in midtown Manhattan. The venture acquired the property from Clarion...

Multi-Housing News A venture of GT Capital and Freestone Capital Management has paid about $43.7 million, or $227,604/unit, for the 192-unit Lock Vista Apartments in the Ballard neighborhood of Seattle. GT Capital, of Kenosha, Wis., and Freestone, of...

Argentic Real Estate Finance has provided $50 million of financing against the three-property Novi at Concord apartment complex that a venture led by Denholtz developed in the Charlotte, N.C., suburb of Concord, N.C. Denholtz, of Red Bank, N.J.,...

Commercial Property Executive Goldman Sachs has originated $63 million of financing against Central Arts Plaza, a 485,687-square-foot office property in Phoenix. A $33 million piece of the debt is securitized through BBCMS Mortgage Trust, 2025-5C38, while a $23...

Cincinnati Business Courier Real Capital Solutions has paid $59 million, or $106.57/sf, for First Financial Center, a 553,659-square-foot office building in downtown Cincinnati. The Louisville, Colo., investor acquired the property from Tolis Advisors, which bought it out of...