Commercial Real Estate Direct Staff Report TruAmerica has paid $47.2 million, or $240,816/unit, for the 196-unit Plum Tree Park apartment property in the Seattle suburb of Renton, Wash. The Los Angeles investment manager bought the property from an...

Commercial Real Estate Direct Staff Report Affinius Capital has provided $76.25 million of mortgage financing to facilitate Sculptor Real Estate's $122 million, or $93.85/sf, purchase of the 1.3 million-square-foot Scotts Midwest Distribution Center in the Columbus, Ohio, suburb...

Commercial Real Estate Driect Staff Report Black Diamond Capital Management purchased the distressed $418.5 million CMBS loan against the Palisades Center Mall in New York's Rockland County. As reported, the loan's sale resulted in a $231.45 million loss to...

Commercial Real Estate Direct Staff Report An investor group led by Spencer David Tam has paid $46 million, or $282,208/unit, for the 163-unit Monument apartment property in the Phoenix suburb of Chandler, Ariz. The group bought the property...

Correction: The following item has been edited to correct the agreed to purchase price, which previously was overstated. The Real Deal AmTrust RE has agreed to pay $217 million, or just less than $381/sf, for the 570,000-square-foot office...

Webster Bank has provided a $33.84 million loan to help fund the $42.3 million, or $287/sf, purchase of the 147,520-square-foot medical office building at 6201 15th Ave. in the Borough Park section of Brooklyn, N.Y. The Stamford, Conn.,...

Commercial Real Estate Direct Staff Report An affiliate of US Bank has provided $63.2 million of mortgage financing against the 302-unit Aspire at Redwood apartment property in Las Vegas. The 10-year loan, which was arranged by Gantry, requires...

Commercial Real Estate Direct Staff Report A California investor group has paid $20 million, or $121,951/unit, for the 164-unit Summer Point apartment property in Glendale, Ariz. The group is led by Charles J. Novogradac, an Orinda, Calif., investor....

Hyperion Group has formed a venture that has paid $165 million, or $525,377/unit, for the 314-unit Centre apartment property in the northern New Jersey borough of Cliffside Park. The Miami developer partnered with Lawrence Benenson of New York's...

Commercial Real Estate Direct Staff Report The weighted average capitalization rate for net-leased properties that were offered for sale in the third quarter increased by 1 basis point to 6.8% from the second quarter, according to the Boulder...

Austin Business Journal The City of Austin, Texas, has paid $41 million for 6500 Tracor Lane, a 143-acre parcel that's home to 2.4 million square feet of office, industrial, storage, and parking space in the state capital. Karlin...

Atlanta Business Chronicle A fund sponsored by Mesirow has paid $87 million, or $290,970/unit, for the 1105 Town Brookhaven Apartments in the Atlanta suburb of Brookhaven, Ga. The investment vehicle, Mesirow Financial Real Estate Value Fund V, purchased...

South Florida Business Journal An affiliate of TA Realty has bought the San Merano at Mirasol Apartments, a 476-unit property in Palm Beach Gardens, Fla., for $193 million, or $405,462/unit. The Boston company purchased the complex from LivCor,...

Commercial Real Estate Direct Staff Report Santander Bank has provided $19.5 million of mortgage financing against the 322-unit Villas Las Mandarinas apartment property in Tucson, Ariz. The loan, arranged by JLL Capital Markets, allowed the property's owner, GDL...

Commercial Property Executive Bridge Logistics Properties has paid $109 million, or $242.22/sf, for the 450,000-square-foot industrial property at 18501 and 18385 San Jose Ave. in City of Industry, Calif., about 24 miles east of Los Angeles. The New...

Commercial Real Estate Direct Staff Report HB Management has paid $47.9 million, or $237,128/unit, for the 202-unit Barkley Apartment Homes in Bellingham, Wash., near the state's border with Canada. The Seattle multifamily investor acquired the property, at 3126...

Tampa Bay Business Journal Copperline Partners has plans to develop the Magnolia Hotel and Residences in the Hyde Park area of Tampa, Fla. The West Palm Beach, Fla., developer has proposed redeveloping the Winters & Yonker Building, at...

Commercial Observer Newmark has provided $67.5 million of Fannie Mae financing against the 386-unit Rockwell at Crown apartment property at 800 Rockwell Ave. in the Washington, D.C., suburb of Gaithersburg, Md. The property is owned by Sentinel Real...

Commercial Observer A venture of TPG Angelo Gordon and Aurora Capital Associates has agreed to pay $75 million, or $914.63/sf, for the 82,000-square-foot office property at 15 Little West 12th St. in Manhattan's Meatpacking District. The venture is...

Charlotte Business Journal Hines U.S. Property Partners has bought Birkdale Village, a 673,000-square-foot mixed-use complex in Huntersville, N.C., for $273.9 million, or $406.98/sf. The Houston company purchased the property from a venture of Nuveen and Jamestown, which had brought...

Charlotte Business Journal An affiliate of Goldrich Kest has paid $52 million, or $260/sf, for the nearly 200,000-square-foot warehouse building at 413 Goodman Road in the Charlotte, N.C., suburb of Concord, N.C. The Culver City, Calif., company purchased the...

Jacksonville Business Journal LBA Realty has sold the 555,920-square-foot warehouse at 10501 Cold Storage Road in Jacksonville, Fla., for $49.3 million, or $88.68/sf. The Irvine, Calif., company sold the industrial property to an affiliate of MDH Partners of...

Commercial Real Estate Direct Staff Report Kroll Bond Rating Agency has once again downgraded bonds from a 2019 CMBS transaction that was used to fund a $277.1 million senior mortgage portion of a $327.7 million financing package against...

Commercial Real Estate Direct Staff Report Epic Asset Management has paid $82.75 million, or $340,534/unit, for the 243-unit Postmark Apartments in the Seattle suburb of Shoreline, Wash. The Seattle affiliate of the Stephanus family office bought the property,...

Commercial Real Estate Direct Staff Report Jackson Square Properties has paid $54.6 million, or $200,735/unit, for Falls at Arden, a 272-unit apartment property in Sacramento, Calif. The San Francisco multifamily investor acquired the property, at 2345 Northrop Ave.,...