Commercial Real Estate Direct Staff Report Jericho Plaza, with 665,592 square feet of office space in the Long Island, N.Y., town of Jericho, has been reappraised at a value of $161.9 million, just more than the $149.2 million...

Commercial Real Estate Direct Staff Report The $384.8 million CMBS loan against a portfolio of 43 apartment properties with 8,671 units that Chetrit Group purchased in 2019 for $522 million has been paid down to $195.96 million. That's...

Commercial Observer Friedman Capital has paid $60 million, or $392,156/room, for the 153-room Capitol Hill Hotel at 200 C St. NE in Washington, D.C. The Washington, D.C., investor acquired the property from TPG Real Estate, which purchased it in...

Commercial Real Estate Direct Staff Report Walton Street Capital has provided $99.3 million of mortgage financing against 25 North, a 936,775-square-foot industrial property in the Denver suburb of Thornton, Colo. JLL Capital Markets arranged the loan, which allowed...

Nashville Business Journal CapRidge Partners is offering for sale Nashville City Center, a 477,000-square-foot office building in downtown Nashville, Tenn. Newmark has the listing for the 27-story property, which sits on 0.75 acres at 511 Union St. CapRidge, of...

Crain's Chicago Business Highlands Vista Group has paid $54 million, or $184,300/unit, for Renaissance at Carol Stream, a 293-unit apartment property in Carol Stream, Ill., a western suburb of Chicago. The Denver investor acquired the property from Bender...

Commercial Real Estate Direct Staff Report The $1.3 billion financing package against 660 Fifth Ave., a 1.34 million-square-foot office building in Midtown Manhattan, pays a blended coupon pegged to SOFR plus 264 basis points. The financing was provided...

Commercial Real Estate Direct Staff Report Mori Building Co. has acquired an additional 5% stake in the 1.7 million-square-foot One Vanderbilt office building in Midtown Manhattan in a deal valuing the property at $4.7 billion. The Japanese developer...

JLL Capital Markets has arranged $23.44 million of financing for the construction of a 1,284-unit self-storage facility in Chula Vista, Calif. The four-year loan was arranged on behalf of the developer, UTEX Storage Partners of Dallas, and was...

Crain's Chicago Business Turner Impact Capital has paid $81.5 million, or $108,811/unit, for the Oaks and Laurels of Willow Hill, a 749-unit apartment complex in Justice, Ill., a southern suburb of Chicago. The Santa Monica, Calif., investment management...

Commercial Real Estate Direct Staff Report The CMBS trust that owns the 170,507 square feet of retail and storage space at the base of the One North State St. office property in Chicago is taking bids for the...

Commercial Real Estate Direct Staff Report The $800 million CMBS loan against 650 Madison Ave., a 600,415-square-foot office building in midtown Manhattan, is now classified as being more than 30 days late with its payment. As a result,...

Commercial Real Estate Direct Staff Report The $130 million CMBS loan against the 78,287 square feet of retail space at the Renaissance by Marriott hotel in midtown Manhattan has transferred to special servicer CWCapital Asset Management. The loan...

SL Green Realty Corp. has agreed to pay $730 million, or $1,174/sf, for the 621,824-square-foot Park Avenue Tower office building in Manhattan's Plaza District. The New York REIT is buying the property from a venture of George Klein,...

Rialto Capital Management has provided $45 million of bridge financing against the 220,000-square-foot Lincoln Logistics Center industrial property in the New York suburb of Valley Cottage, N.Y. The loan allowed the property's owner, a venture of PCCP LLC...

JLL Real Estate Capital has provided a $113.78 million loan under the U.S. Department of Housing and Urban Development's 223(f) program against the 279-unit Metro Edgewater apartment building in Miami. The loan allowed the property's developer, Resident Group,...

The Real Deal Group RMC, owner of the 1.1 million-square-foot Westbrook Corporate Center in suburban Chicago, has been hit with a foreclosure suit. The suit, filed last week in Cook County, Ill., Circuit Court, alleges that the New...

Tampa Bay Business Journal Affinius Capital has provided $204 million of financing against the Aster and Links mixed-use complex in downtown Sarasota, Fla. The loan was provided to an opportunity fund tied to Belpointe OZ, which owns the two-building...

Charlotte Business Journal Link Logistics has bought the Charlotte Intermodal Logistics Center, a 420,000-square-foot industrial property in Charlotte, N.C., for $49.5 million, or $117.86/sf. The industrial property investment arm of Blackstone purchased the building from The Silverman Group,...

Commercial Observer New York investor George Lebovits has paid $42.3 million, or $279.47/sf, for the 151,357-square-foot office property at 6310 15th Ave. in the Bensonhurst section of Brooklyn, N.Y. The purchase included an 8,392-sf lot. The investor acquired...

Minneapolis/St. Paul Business Journal An affiliate of Abacus Capital Group has paid $63 million, or $157,894/unit, for the 399-unit Meridian Point Apartments in Burnsville, Minn. The New York investment firm acquired the property, at 251 McAndrews Road West,...

South Florida Business Journal Publix Super Markets Inc. has paid $71.93 million, or $346.70/sf, for the Hammocks Town Center, a 207,470-square-foot retail property in Miami. The Lakeland, Fla., supermarket chain purchased the shopping center from an affiliate of...

Tampa Bay Business Journal An affiliate of Cantor Fitzgerald has bought the Residences at Westshore Marina, a 351-unit apartment complex in Tampa, Fla., for $100.4 million, or $286,040/unit. The New York company purchased the property from Starlight Investments...

Crain's Chicago Business LG Group is offering for sale Arthur on Aberdeen, a 363-unit apartment property in Chicago. The local developer hired JLL to market the property at 210 North Aberdeen St. LG Group developed the 19-story property...

Commercial Real Estate Direct Staff Report The 544-room Hilton San Francisco Financial District, which as recently as earlier this year was struggling under the burden of $95.17 million of mortgage and mezzanine financing, appears to have turned around...