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...

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.,...