Commercial Real Estate Direct Staff Report The 441,922-square-foot 261 Fifth Ave. office building in the Midtown South submarket of Manhattan, which was 85% occupied as of June, hasn't been able to refinance its now-matured $180 million mortgage. However,...

Commercial Observer Blackstone Real Estate Debt Strategies has provided $198.5 million of financing against the 1.2 million-square-foot Ridge Hill retail property in Yonkers, N.Y. The property, at 1 Ridge Hill Blvd., is owned by a venture of Jamestown,...

Commercial Real Estate Direct Staff Report The Brookfield Properties affiliate that owns the Augusta Mall in eastern Georgia has exercised an option it had to extend the maturity of the property's $160.84 million mortgage by an additional year...

Charlotte Business Journal BGO has purchased the 428,000-square-foot industrial building at 12031 Carolina Logistics Drive in Pineville, N.C., for $64.1 million, or $147.77/sf. The Miami company bought the property from its developer, Beacon Partners of Charlotte, N.C. The building sits...

Charlotte Business Journal Hillridge Capital has bought Loft One35, a 298-unit apartment complex in Charlotte, N.C., for $94 million, or $315,436/unit. The Bethesda, Md., company purchased the property from Wafra of New York, which paid $78.5 million for...

Tampa Bay Business Journal TA Realty has paid $97 million, or $308,917/unit, for the 314-unit Madison Gateway Apartments in St. Petersburg, Fla. The Boston company purchased the complex from Equus Capital Partners of Newtown Square, Pa., which had bought...

Crain's Chicago Business A venture of Ares Management and Magellan Development Group is offering for sale the 474-unit Aqua at Lakeshore East Apartments in Chicago. Ares, of Los Angeles, and Magellan, of Chicago, hired JLL to market the...

Crain's New York Business CSC Real Estate has paid $40.2 million, or $233.72/sf, for the 172,000-square-foot office property at 75 Maiden Lane in lower Manhattan. The New York opportunistic investment company is led by brothers Salo and Alberto...

Odeh Investments has paid $16.7 million, or $151/sf, for the 110,593-square-foot Zecca Plaza retail property in Gallup, N.M., near the Arizona border and midway between Flagstaff, Ariz., and Albuquerque, N.M. The San Diego-area investor bought the property from...

Commercial Real Estate Direct Staff Report PNC Bank has provided $73.25 million of financing against a pair of retail properties owned by Federal Realty Investment Trust in the Phoenix suburb of Chandler, Ariz. The bank provided $51 million...

Commercial Real Estate Direct Staff Report A venture of Standard Real Estate Investments and Vistria Group has paid $93.2 million, or $221,904/unit, for the 420-unit Fox Valley Villages apartment complex in the Chicago suburb of Aurora, Ill. Standard,...

SKS Partners, which owns the 84,500-square-foot medical office property at 3838 California St. in San Francisco, has refinanced the property with a $20.9 million loan from a life insurance company. The three-year loan, which pays a fixed coupon,...

Northmarq has originated a $54 million Freddie Mac loan against the 197-unit Storehouse Lofts apartment property in Alameda, Calif., in the East San Francisco Bay area. The 10-year loan was arranged on behalf of the property's owner, Alameda...

San Antonio Business Journal A venture of MCB Real Estate, Epic Real Estate Partners, and Centerbridge Partners has lined up $60 million of financing from Truist Bank for its purchase of the Northwoods Shopping Center in San Antonio....

Commercial Real Estate Direct Staff Report Deutsche Bank and Wells Fargo Bank are providing $1.1 billion of mortgage financing against the 1.1 million-square-foot Deutsche Bank Center in Manhattan's Columbus Circle area. The loan, with a two-year initial term...

Denver Business Journal Trinity Property Consultants has paid $40 million, or $173,913/unit, for ReNew Pinehurst, a 230-unit apartment property in Denver. The Irvine, Calif., investor acquired the property, at 3550 South Kendall St., from Advenir Azora, which bought...

Commercial Real Estate Direct Staff Report Shorenstein Investment Advisers paid $126.5 million, or $403.37/sf, for the 313,609-square-foot Sterling Plaza office building in Dallas. As reported in July, the San Francisco investment manager bought the 19-story building from KBS REIT...

Commercial Real Estate Direct Staff Report The venture between Monomoy Property Ventures and Axonic Capital that bought the dual-branded hotel at 590 West Peachtree St. NW in Atlanta paid $36 million, or $77,922/room, for the 462-room property. As...

A venture of Monomoy Property Ventures and Axonic Capital has purchased the dual-branded Crowne Plaza Atlanta-Midtown and Staybridge Suites Atlanta-Midtown hotel in Atlanta, with plans to renovate the property and re-brand it a Marriott. The price paid for...

The Real Deal Invesco has provided $280 million of mortgage financing against the 455-unit apartment building at 980 Sixth Ave. in Manhattan. The loan retires $273 million of financing that Blackstone Mortgage Trust provided in 2022. The 980...

Dwight Capital has provided a $53 million loan, under the U.S. Department of Housing and Urban Development's 221(d)(4) program to fund the construction of the 312-unit Lariat apartment property in Amarillo, Texas. The property, with 186 one-bedroom and...

Shorenstein Investment Advisers has purchased the 330,376-square-foot 1222 Demonbreun office building in the Gulch area of Nashville, Tenn. The San Francisco investment manager bought the 20-story building, which includes 5,836 sf of retail space and a nine-story parking...

Commercial Real Estate Direct Staff Report The venture between Norges Bank Investment Management and Beacon Capital Partners that last month had struck a deal to buy the 1.03 million-square-foot Americas Tower in Midtown Manhattan has completed its $572.29 million,...

Commercial Real Estate Direct Staff Report An affiliate of AEW Capital Management has paid $65 million, or $393,939/unit, for the 165-unit Inspira Arrowhead seniors-housing property in Glendale, Ariz., about 28 miles north of Phoenix. The Boston investment manager...

Treetop Cos. has paid $32 million, or $62.09/sf, for the Pittsburgh Logistics Center at 460 Nixon Road in the Pittsburgh suburb of Cheswick, Pa. The 515,411-square-foot industrial property was sold by Maguire Hayden Real Estate Co., which bought...