PNC Bank has provided $50 million of mortgage financing against the 237-unit first phase of the Fox and the Grouse apartment property in the Minneapolis suburb of Eden Prairie, Minn. JLL Capital Markets arranged the five-year loan on...

S3 Capital has provided $81 million of financing for the construction of the 68-unit residential condominium building at 19-29 Clay St. in the Greenpoint section of Brooklyn, N.Y. The property is being developed by Investmates Real Estate &...

Commercial Real Estate Direct Staff Report Citibank has provided $600 million of financing against eight apartment properties with 3,241 units in the Southeast and Midwest regions of the country owned by investment manager West Shore. The five-year financing,...

Charlotte Business Journal A venture of Guardian Capital and New York Life Real Estate Investors has paid $55.5 million, or $231,250/unit, for the Graces Reserve Apartments, a 240-unit complex in Kannapolis, N.C. The venture purchased the property from...

Crain's Chicago Business Menashe Properties has paid $51.5 million, or $89.29/sf, for the 576,800-square-foot office building at 125 South Wacker Drive in Chicago. The Portland, Ore., investor acquired the property from Ivanhoe Cambridge, the real estate investment arm of...

Simon Property Group has acquired the 12% stake it didn't already own in Taubman Realty Group. The Indianapolis REIT acquired an 80% stake in Taubman, of Bloomfield Hills, Mich., in 2020 in a deal valuing the company at $6.9...

Multi-Housing News Millburn & Co. has paid $71.3 million, or $331,627/unit, for Echo Biltmore, a 215-unit apartment property in Phoenix. The Salt Lake City investment firm acquired the property from its developer, Wood Partners. CBRE Capital Markets arranged...

REBusiness Online A venture of Eastham Capital and Merion Realty Partners has sold the 288-unit Monroe Apartments in Tallahassee, Fla., for $47.5 million, or $164,931/unit. The buyer was not immediately known. The Monroe was built in 1999 at...

CEG Capital Partners has paid $23 million, or $431.57/sf, for the 53,294-square-foot Shops at Madison Place retail property in San Diego. The local commercial real estate investor acquired the property, at 5487-5597 Clairemont Mesa Blvd., from an investor...

Multi-Housing News Karlin Real Estate has bought The Brady, a 299-unit apartment complex in Dallas' Uptown area. The Los Angeles real estate investor purchased the 38-story property from JLB Residential in a deal brokered by Newmark. The sales...

Commercial Property Executive LaSalle Investment Management has bought AXIAL Gateway 95, a 505,068-square-foot industrial property in Colonial Heights, Va., for $70.5 million, or $139.59/sf. The Chicago company purchased the warehouse from Crescent Communities of Charlotte, N.C., in a deal...

Whitestone REIT has paid $21.7 million, or nearly $267/sf, for the 81,407-square-foot Ashford Village retail center in Houston. The property, at 1801 South Dairy Ashford St., is 99.6% occupied and becomes the 10th neighborhood shopping center in Houston...

Commercial Real Estate Direct Staff Report A venture of FLD Group and the Adjmi family has paid $83.1 million, or $237.66/sf, for the 349,659-square-foot office property at 161 Washington St. in Conshohocken, Pa. The venture, operating as Blue...

Commercial Real Estate Direct Staff Report Hines Interests and Rialto Capital Management have provided $91 million of financing to facilitate Saca Capital's $120 million, or $187.99/sf, purchase of the 638,307-square-foot One America Plaza office property in downtown San...

Commercial Real Estate Direct Staff Report Ladder Capital Corp. originated 17 loans with a total commitment of $511 million during the third quarter, marking its most active quarter of originations in more than three years. New originations far...

Denver Business Journal FirstBank has provided $53.6 million of financing for the construction of Milwaukee Place, a 94,000-square-foot office property that BMC Investments is building in Denver. The loan was arranged by Walker & Dunlop. It is being...

Commercial Real Estate Direct Staff Report LaSalle Investment Management has paid $88 million, or $191.85/sf, for Seattle Gateway I & II, a two-building industrial property with 458,700 square feet in the Seattle suburb of Burien, Wash. The Chicago...

Puget Sound Business Journal Phillips Edison & Co. has paid $41 million, or $293.69/sf, for the 139,605-square-foot Surprise Lake Square retail property in the Seattle suburb of Milton, Wash. The Cincinnati REIT bought the property, constructed in 1984...

The 43,989-square-foot Crossroads Village Center in the northern Virginia town of Haymarket has been sold for $25.4 million, or $577.42/sf. A Vienna, Va., investor group, Atlantic Nation Management LLC, bought the property, at 15159 Washington St., some 38...

Commercial Real Estate Direct Staff Report Fannie Mae funded $18.7 billion of multifamily loans during the third quarter, up 7.5% from the second quarter's $17.4 billion and nearly 42% more than it funded a year ago. The relatively...

Commercial Real Estate Direct Staff Report The National Council of Real Estate Investment Fiduciaries' Property Index posted a 1.22% total return in the third quarter, marking four straight quarters of positive return numbers. The latest quarter compares with...

Commercial Observer A venture of Conserve Holdings and Calibogue Capital has paid $45 million, or $200,892/unit, for the 224-unit Sphere apartment property in Richmond, Va. The venture acquired the property from MVP Equities of McLean, Va. Greystone provided...

Commercial Real Estate Direct Staff Report MG Properties has paid $95.34 million, or $277,151/unit, for the 344-unit Dockside Apartments in Kent, Wash., about 18 miles south of Seattle. The San Diego investment manager acquired the property, at 23605...

Commercial Real Estate Direct Staff Report The $51.51 million CMBS loan against the 484,643-square-foot office building at 401 Market St. in downtown, or Center City, Philadelphia has been paid off at close to par value. The loan received...

Commercial Real Estate Direct Staff Report Bridge Investment Group Holdings has raised $2.15 billion of equity commitments for its latest mortgage investment fund. The vehicle, Bridge Debt Strategies Fund V LP, is the fifth under the Salt Lake...