Commercial Real Estate Direct Staff Report Jackson Square Properties has sold the 270-unit Cascade Ridge apartment property in the Kitsap Peninsula community of Silverdale, Wash., for $79.5 million. The buyer could not be learned immediately. Jackson Square, of...

Commercial Real Estate Direct Staff Report CIM Group is providing a $93.1 million loan to help fund DivcoWest's $125 million acquisition of the 245,000-square-foot office property at 399 Boylston St. in the Back Bay section of Boston. DivcoWest bought...

Liberty Bank has provided $47 million of financing for the development of the 164-unit Arbella at Blue Hills in the Hartford, Conn., suburb of Bloomfield, Conn. The Middletown, Conn., bank's loan was arranged by JLL Capital Markets. The...

Sumitomo Mitsui Trust Bank and JPMorgan Chase Bank have provided a $190 million loan against the 123-unit Anagram Columbus Circle apartment property in Manhattan's Columbus Circle area. The 26-story building, at 1 West 60th St., at the corner...

The Real Deal A venture of Island Capital, Three Wall Capital, and MCR Hotels is offering for sale the Lexington Hotel in Midtown Manhattan and is aiming for $275 million, or $379,310/room, for the 725-room property. Eastdil Secured...

Alternative lender 3650 Capital has provided $37.5 million of financing to fund the completion of the 177-unit Viking Mill Apartments in Philadelphia's East Kensington neighborhood. The property, a former textile mill factory constructed in 1892, is being redeveloped...

Rudin Management Co. has negotiated a term extension of the $425 million CMBS loan against the 1.1 million-square-foot office property at 32 Ave. of the Americas in lower Manhattan. The loan, scattered among five CMBS conduit deals, was...

  Class Amt $mln Sub Level % Avg Life (yrs) Rating Moody's Rating Fitch Rating Kroll Price % Yield % Final Pricing (bp) Bnch mrk A-2 125.00 30.00 4.81 Aaa AAA AAA 100.99997 4.43362 +75 J-spread A-3 444.96...

Commercial Real Estate Direct Staff Report Seminole Real Estate Fund has paid $125.6 million, or $504,417/unit, for the 249-unit Raleigh at Sloan’s Lake apartment property in Denver. The sovereign wealth fund of the Seminole Tribe of Florida bought...

New York YIMBY Sherwood Equities is looking to sell the development site at 460 Tenth Ave. in the Hudson Yards section of Manhattan. The development site, which is being offered through JLL, can accommodate a 42-story building with...

Commercial Real Estate Direct Staff Report InTrust Property Group has paid $59.6 million, or $158,090/unit, for the 377-unit Coral Point Apartments in Mesa, Ariz. The Newport Beach, Calif., investor acquired the property, at 2343 West Main St., from...

Commercial Real Estate Direct Staff Report Vornado Realty Trust, which earlier this year paid $218 million, or nearly $570/sf, for the 382,500 square feet of office space at 623 Fifth Ave. in midtown Manhattan, is planning to completely redevelop...

Crain’s Chicago Business An affiliate of Hines has paid $151 million, or $334,811/unit, for the 451-unit Left Bank apartment property in Chicago’s West Loop neighborhood. The Houston investment manager bought the property, at 300 North Canal St., from...

Commercial Observer Morgan Stanley and Societe Generale have provided $147 million of mortgage financing against the 625,000-square-foot office building at 255 Greenwich St. in lower Manhattan. The loan, which is being securitized and was arranged by Avison Young,...

Dwight Capital has provided $45.8 million of financing under the U.S. Department of Housing and Urban Development's 223(f) program for the 212-unit Arcadia apartment complex in Tamarac, Fla. The property is owned by CaraCo Group, a Kingston, Ontario,...

Commercial Real Estate Direct Staff Report Simon Property Group's Taubman Realty Group operation has refinanced the $477 million mortgage against its International Plaza shopping mall in Tampa, Fla., with a $551.25 million loan. The latest loan, originated by...

Commercial Real Estate Direct Staff Report Carr Properties has paid $23.5 million, or $163.92/sf, for the 143,366-square-foot office property at 2121 Virginia Ave. NW in the Foggy Bottom section of Washington, D.C. It bought the vacant building from...

Whitestone REIT has purchased World Cup Plaza, a 90,391-square-foot retail center in the Dallas suburb of Frisco, Texas. The Houston REIT, which owns four other retain centers in the area, bought the 18-year-old property, at 5454 and 5566...

Commercial Real Estate Direct Staff Report Maricopa Community Colleges has paid $27 million, or $142.89/sf, for the 188,960-square-foot office property at 8530-8550 South Priest Drive in the Phoenix suburb of Tempe, Ariz. The college acquired the property, which...

Commercial Observer Starwood Property Trust has provided a $161 million loan against the 222-unit Forty Six Fifty apartment building at 4650 Broadway in Manhattan's Inwood neighborhood. The property is owned by Arden Group of Philadelphia, which completed its...

Commercial Real Estate Direct Staff Report Freddie Mac funded $25 billion of multifamily mortgages during the third quarter, more than doubling its second quarter volume of $12 billion and two-thirds more than the $15 billion it funded a...

Commercial Real Estate Direct Staff Report BXP Inc., which earlier embarked on a portfolio fine-tuning exercise aimed at raising capital for its development plans, is aiming to ultimately sell 27 of its properties, land parcels, apartment buildings and...

Atlanta Business Chronicle An affiliate of TriBridge Residential has paid $54.5 million, or $205,660/unit, for the 1016 Lofts, a 265-unit apartment property in Atlanta's West Midtown area. The local multifamily developer bought the property from an affiliate of...

Denver Business Journal Patrick Halloran, a Minnesota investor, has paid $57.4 million, or $44.15/sf, for Denver City Center, a two-building office property with 1.3 million square feet in Denver. Halloran acquired the property, at 717 and 707 17th...

Commercial Observer A venture of Sterling Investors and Simpson Housing has purchased the 508-unit Signature at Reston apartment property in the Washington, D.C., suburb of Reston, Va., from BXP Inc. The venture is said to have paid about...