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...

Orlando Business Journal MG3 Group has paid $57 million, or $79.88/sf, for the 713,585-square-foot industrial building at 8201 Chancellor Drive in Orlando, Fla. The Aventura, Fla., company purchased the property from Tratt Properties of Phoenix, which had paid...

Shorenstein Investment Advisers paid $217.75 million, or just more than $659/sf, for the 330,376-square-foot 1222 Demonbreun office building in the Gulch area of Nashville, Tenn. As reported, the San Francisco investment manager purchased the 20-story building from its developer,...

Urban Edge Properties has paid $39 million, or $428.57/sf, for the 91,000-square-foot Brighton Mills Shopping Center in the Boston suburb of Allston, Mass. The New York REIT bought the property, roughly a mile from Harvard University's business school,...

Commercial Real Estate Direct Staff Report Matthew Ferrari, who joined TruAmerica Multifamily in 2016 to oversee the Los Angeles investment manager's national expansion, has left the company to form PXV Multifamily, through which he plans to make up...

DivcoWest has paid $125 million, or $510.20/sf, for the 245,000-square-foot office property at 399 Boylston St. in the Back Bay section of Boston. The San Francisco investment manager acquired the property from Blackstone, which bought it in 2014...

Charlotte Business Journal Mesa West Capital has taken through foreclosure the Towers at SouthPark, a 430,000-square-foot office complex in Charlotte, N.C. The Los Angeles private equity firm had provided $167.8 million of debt against the two-building property in mid-2022...

L.A. Business First Concord Capital Partners has paid $52 million, or $309,523/unit, for the View, a 168-unit apartment property in Los Angeles' Koreatown neighborhood. The Dallas investment firm acquired the property from an affiliate of MWest Holdings, which...

Commercial Real Estate Direct Staff Report Advanced Real Estate has paid $41 million, or $297,101/unit, for the 138-unit Cove at West Covina apartment property in the Los Angeles suburb of West Covina, Calif. The Irvine, Calif., investment manager...

Commercial Real Estate Direct Staff Report BXP Inc., which has started developing 343 Madison Ave. in midtown Manhattan, eventually will sell a stake of 30% to 50% in the roughly 930,000-square-foot office property. Interest so far has been...

Nashville Business Journal A venture of Magnolia Investment Partners and Tenn Properties has paid $88.3 million, or $200.68/sf, for the 440,000-square-foot Brentwood Commons office park in the Nashville, Tenn., suburb of Brentwood, Tenn. The Los Angeles County Employees'...

South Florida Business Journal Rental Asset Management has bought the 140-unit Ram Elyps Apartments in Fort Lauderdale, Fla., for $46.5 million, or $332,143/unit. The local company purchased the complex from Pinnacle, a Miami developer that had completed its...

Commercial Observer M&T Realty Capital Corp. has provided a $347.4 million Fannie Mae loan against the 575-unit Bud South apartment property in the Long Island City section of Queens, N.Y. The property, at 2-20 Malt Drive, opened last...

Berkadia has provided $141.9 million of mortgage financing under the U.S. Department of Housing and Urban Development's 221(d)(4) program for the construction of the 303-unit ElevenEleven apartment property in San Francisco. The loan was arranged on behalf of...

Commercial Real Estate Direct Staff Report An affiliate of Pacific Transwest Real Estate Inc. has paid $31.73 million, or $101,698/unit, for the 312-unit Ventura Villas apartment property in Tucson, Ariz. The San Diego company acquired the property from...

Commercial Real Estate Direct Staff Report MDH Partners has paid $165 million for a portfolio of six industrial buildings with 1.48 million square feet in Kentucky, Georgia, Florida, and Ohio. The Atlanta investment manager, which early last year...

Commercial Real Estate Direct Staff Report BGO has turned over the 503,000-square-foot office property at 757 Third Ave. in Manhattan to its lender, New York Life Real Estate Investors, through a deed-in-lieu of foreclosure. BGO, the former BentallGreenOak,...