KPR Centers has paid $40 million, or just more than $205/sf, for the 195,000-square-foot Pointe Plaza retail center in the Chicago suburb of Niles, Ill. The New York investment manager, formed in 2009 by Katz Properties, specializes in...

Commercial Real Estate Direct Staff Report The 1.45 million-square-foot office property at 175 West Jackson Blvd. in Chicago, which backs $250.47 million of mortgage debt, might be worth only $37.8 million, according to analysis by Kroll Bond Rating...

Commercial Real Estate Direct Staff Report Rivington Co. has paid $26 million for a development site at 140 Fulton St. in lower Manhattan. The Brooklyn, N.Y., investor acquired the property from Bank Hapoalim, which foreclosed on the site...

Commercial Real Estate Direct Staff Report Piedmont Office Realty Trust signed 75 office leases for 724,000 square feet during the third quarter, bringing its leasing activity this year to 1.8 million sf. The latest quarter's volume, which includes...

Blue Owl Capital Inc. has provided a $150 million loan facility to Alterra IOS, providing the Philadelphia investment manager with additional firepower to continue building its portfolio of industrial-outdoor storage properties. An initial funding of the facility is...

Multi-Housing News Amoroso Cos. has paid $47.6 million, or $400,000/unit, for Sofi at Topanga Canyon, a 119-unit apartment property in Chatsworth, Calif., about 30 miles northwest of downtown Los Angeles. The Calabasas, Calif., company acquired the property from...

DekaBank and Credit Agricole have provided $130.5 million of mortgage financing for the two-building office property at 880-888 Broadway and 33-35 East 18th St. in Manhattan's midtown south submarket. The loan allowed the 222,436-square-foot property's owner, a venture...

  Class Amt $mln Sub Level % Avg Life (yrs) Rating S&P Rating Fitch Rating Kroll Price % Yield % Final Pricing (bp) Bnch mrk A-2 215.21 30.00 4.80 AAA AAA AAA 100.99781 4.3984 +80 J-spread A-3 262.54...

Hines Interests has paid $63 million, or $583,333/unit, for the 108-unit Quarry Place at Tuckahoe apartment property in the Westchester, N.Y., village of Tuckahoe. The Houston investment manager acquired the property, at 64 Midland Place, from Veris Residential...

Gantry has arranged a $48.9 million loan under a U.S. Department of Housing and Urban Development program for the 166-unit Silvergate Apartments in Brentwood, Calif., in San Francisco's East Bay region. The 35-year loan allowed the property's owner,...

A venture of Makarora Management and Ares Management Corp. has agreed to buy Plymouth Industrial REIT Inc. for $22/share in an all-cash deal valued at about $2.13 billion, including the assumption of debt. Plymouth is a former non-traded...

Commercial Real Estate Direct Staff Report The appraised value of the 473,698-square-foot office building at 2801 West Tyvola Road in Charlotte, N.C., has been slashed to $37.7 million. That's down 61.1% from the $96.99 million value pegged to...

Commercial Observer Greystone has provided a $46 million Freddie Mac loan against the 126-unit Madbury Commons student-housing property near the University of New Hampshire's main campus in Durham, N.H. The 10-year loan requires only interest payments for its...

Commercial Real Estate Direct Staff Report The CMBS trust that holds the $188 million loan against the 850,209-square-foot 1700 Market St. office building in downtown, or Center City, Philadelphia has initiated foreclosure efforts. The floating-rate loan is securitized...

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...