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...

Jacksonville Daily Record EQT Exeter has bought two Jacksonville, Fla., warehouse properties totaling 1.37 million square feet for $132.43 million, or $96.61/sf. The Radnor, Pa., company purchased the industrial buildings from Hillwood Investment Properties of Dallas, which had...

South Florida Business Journal An affiliate of JPMorgan has paid $53.68 million, or $368.60/sf, for the Shoppes at Heron Lakes, a 145,618-square-foot retail property in Coral Springs, Fla. The New York investment banking giant purchased the shopping center...

Commercial Real Estate Direct Staff Report Dwight Mortgage Trust has provided a $70 million loan for the development of a 180-unit apartment property at 33-35 West 125th St. in Manhattan's Harlem area. The property is being developed by Irgang...

Commercial Real Estate Direct Staff Report An affiliate of Optum has paid $46.11 million, or $573/sf, for the 80,471-square-foot medical office property it occupies within the Village @ St. Rose medical office campus in Henderson, Nev., about 15...

Commercial Real Estate Direct Staff Report National Development has paid $100.25 million, or $384.30/sf, for the 260,867-square-foot retail property at 550 Arsenal St. in Watertown, Mass. The Newton, Mass., developer bought the property from Alexandria Real Estate Equities...

Commercial Real Estate Direct Staff Report Signature Acquisitions has paid $33 million, or $162.16/sf, for the 203,506-square-foot office building at 14 Sylvan Way in Parsippany, N.J. The Cranford, N.J., investment manager bought the three-story building, within the former...

National Life Group has provided a $15.4 million loan against the 40-unit Clair apartment property at 37 Orange Road in Montclair, N.J. The Montpelier, Vt., insurance company's loan has a five-year term and pays a fixed coupon. It...

Tampa Bay Business Journal Hilltop Residential has bought Provenza at St. Pete, a 308-unit apartment complex in St. Petersburg, Fla., for $93 million, or $301,948/unit. The Houston company bought the property from Momentum Real Estate Partners of Miami,...

Commercial Real Estate Direct Staff Report The federal government's shutdown is in its 37th day, making it the longest in history and topping the 35-day shutdown of 2018 during President Trump's first term. Shutdowns, once unheard of, became...

A venture of LaPour Partners and G2 Capital Development has sold the 100,184-square-foot Narrative office building in Las Vegas for $48 million, or $479.12/sf. LaPour and G2 Capital, both of Las Vegas, sold the property to a local...

Commercial Real Estate Direct Staff Report Hegenes Properties Inc. has paid $58.05 million, or $200,172/unit, for the 290-unit Bristol Village apartment property in the Minneapolis suburb of Bloomington, Minn. The Eden Prairie, Minn., property manager acquired the complex...

Commercial Real Estate Direct Staff Report Continental Properties Co. has launched its latest investment vehicle, Real Estate Development Fund IV, with a $200 million equity-raising target. The Menomonee Falls, Wis., apartment property developer would use capital raised through...

South Florida Business Journal An affiliate of Bowery Properties has paid $47.5 million, or $248,691/unit, for the Queue Apartments, a 191-unit complex in Fort Lauderdale, Fla. The Miami company purchased the property from a venture led by Lurra Capital...

Northmarq has provided $32.21 million of Fannie Mae mortgage financing against the 191-unit Revelry Apartments in Madison, Wis. The 10-year loan allows the property's owner, a venture of Axial Real Estate Advisors of Minnetonka, Minn., and Saturday Properties...

Commercial Real Estate Direct Staff Report Two office properties in Portland, Ore., recently changed hands at prices that were 66% and 88% lower, respectively, than their last transactions roughly 10 years ago. The latest prices, and the fact...

Commercial Real Estate Direct Staff Report Canadian Imperial Bank of Commerce has provided $71.34 million of financing against Denali Logistics Park, a three-building industrial property with 759,620 square feet in Aurora, Colo., a city that's 22 miles east...