Lexin Capital has paid $70.8 million, or $224,762/unit, for the 315-unit Jamison apartment property in Kissimmee, Fla., an Orlando, Fla., suburb. The New York real estate investment firm bought the complex from a venture of DeBartolo Development of...

Commercial Real Estate Direct Staff Report Equity Residential, which owns 304 properties with nearly 78,000 units in urban and high-density suburban markets across the country, is planning to sell some major-market assets and redeploy proceeds into properties in...

Commercial Real Estate Direct Staff Report Hersha Hospitality Trust has agreed to sell four hotels with 448 rooms for a combined $132 million as it looks to raise cash and reduce its $1.2 billion of debt. The Philadelphia...

Dekel Capital has hired Peter Houghton as managing director to help expand the Los Angeles' company's joint venture equity platform. Houghton, a 20-plus year veteran of the commercial real estate industry, most recently was managing director of capital...

SJP Properties has hired Patrick Jennings as senior vice president of acquisitions. He will work with Steve Pozycki, founder and chief executive of SJP, a New York developer, in identifying acquisition and development opportunities. The hiring of Jennings...

Commercial Observer A venture of Metropolitan Realty Associates and Clarion Partners has paid $50 million, or about $164.34/sf, for a 304,249-square-foot industrial property in South Windsor, N.J. SunCap Property Group sold the property, which was developed in 2012....

PCCP LLC has provided $32.7 million of financing against the Renoir House, a 152-unit apartment building in Manhattan's Lenox Hill neighborhood. The loan allowed the property's owner, an affiliate of Carmel Partners of San Francisco, to refinance a...

Dwight Capital has provided $28.7 million of financing under the U.S. Department of Housing and Urban Development's section 223(f) program for the Albany Lofts at One Broadway, a 145-unit apartment property north of Albany, N.Y. The loan allowed...

Commercial Real Estate Direct Staff Report General Services Corp. has paid $63.9 million, or $234,926/unit, for Treviso Grand, a 272-unit apartment property in Venice, Fla., about 20 miles southeast of Sarasota, Fla. The Richmond, Va., multifamily specialist acquired...

Parkview Financial has provided $61 million of financing to fund predevelopment work and the entitlement process for Weehawken 1800, a proposed 282-unit residential condominium project that's planned for the Hudson River waterfront in Weehawken, N.J. The property has...

The Real Deal Citibank has provided $100 million of financing against the 206,084-square-foot office building at 141 Livingston St. in Brooklyn, N.Y. The loan allowed the property's owner, Clipper Equity of Brooklyn, to retire $79.5 million of debt...

The following story has been edited to correct the size of KKR Real Estate Finance Trust Inc.'s forward pipeline, which previously was understated, and clarify its financing strategy. Commercial Real Estate Direct Staff Report KKR Real Estate Finance...

CIM Group has provided $83 million of financing against the 344-unit Whit Apartments in Indianapolis. The loan was arranged by Berkadia on behalf of the property's developer, TWG Development of Indianapolis. The property, at 307 North Pennsylvania St.,...

Hines Global Income Trust has paid $68 million, or $526.32/sf, for 5301 Patrick Henry Drive, a 129,200-square-foot research and development property in Santa Clara, Calif. The Houston REIT, whose shares do not trade on any exchange, bought the...

CBRE Group Inc. has acquired a 35 percent stake in Industrious in a deal that values the flexible workspace provider at more than $571 million. The Dallas company paid more than $200 million for the stake, making it...

South Florida Business Journal An affiliate of Raia Capital Management has paid $48.3 million, or about $269,832/unit, for the 179-unit Azola West Palm Beach apartment property in West Palm Beach, Fla. ZOM Living sold the four-story complex, which...

Orlando Business Journal A foreclosure suit has been filed against the owner of the Florida Hotel & Conference Center in Orlando, Fla. Tantallon Orlando LLC owns the 511-room property, at 1500 Sand Lake Road, which serves as collateral...

Commercial Real Estate Direct Staff Report NexPoint Residential Trust Inc. has paid $84.5 million, or $240,057/unit, for the 352-unit Fairways at San Marcos apartment property in the Phoenix suburb of Chandler, Ariz. The Dallas REIT acquired the complex...

Dwight Capital has provided $40.5 million of financing, under a U.S. Department of Housing and Urban Development lending program, for Walton Westside, a 254-unit apartment property in Atlanta's west midtown area. The loan allowed the property's owner, Walton...

Commercial Property Executive PCCP LLC has paid $82.5 million, or $113.07/sf, for the 729,610-square-foot Bybee Lake Logistic Center I and II in Portland, Ore. The Los Angeles investor purchased the property from Washington Capital, which was represented in...

ACORE Capital has raised $1 billion for a fund that will provide "rescue capital" to hotel operators in North America. The San Francisco finance company, formed in 2015 by a team of former Starwood Property Trust lending executives,...

Dallas Morning News Harwood Center, a 723,963-square-foot office property in Dallas, is scheduled to be sold at a March 2 foreclosure auction. Fortis Property Group of New York previously had owned the 36-story building, at 1999 Bryan St.,...

Newmark has originated $35.5 million of Freddie Mac financing to help fund the purchase of the 292-unit Seascape Pointe apartment property in the Miami suburb of Homestead, Fla., by a venture of Angelo, Gordon & Co. and Mast...

Commercial Real Estate Direct Staff Report Having struck out on its attempt to sell the $65.2 million distressed loan against the Southland Mall near downtown Miami, its special servicer has taken the collateral property through foreclosure. The loan,...

Commercial Real Estate Direct Staff Report ASAP Holdings has paid $103.5 million, or $233,634/room, for the 443-room New York LaGuardia Airport Marriott hotel in Queens, N.Y. The Pasadena, Calif., company bought the property from Rubicon Cos. of Riverside,...