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...

Anchor Health Properties has paid $24 million, or $879.22/sf, for the 27,297-square-foot Bon Air Medical Center in the San Francisco suburb of Larkspur, Calif. The Charlottesville, Va., developer acquired the medical office building, at 2 and 18 Bon...

Commercial Real Estate Direct Staff Report The owner of One South Broad St. in downtown, or Center City, Philadelphia was unable to sell the property and is not expected to stand in the way of a foreclosure effort...

Memphis Business Journal An affiliate of Actus Capital has purchased the Villas at Cordova, a 256-unit apartment complex in Cordova, Tenn., for $41.63 million, or $162,617/unit. The Birmingham, Ala., apartment investment company bought the property from Kushner Cos.,...

South Florida Business Journal The University of Miami has bought Dominion Tower, a 123-unit apartment building near its main campus, for $92.4 million, or $751,220/unit. The college purchased the 20-story property from Feit Management Co. of Hollywood, Fla....

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...