Commercial Real Estate Direct Staff Report An affiliate of Cohen Asset Management has paid $60.25 million, or $159.81/sf, for the 377,000-square-foot second phase of 303 Logistics in Litchfield Park, Ariz., a suburb of Phoenix. The Los Angeles investment...

Commercial Real Estate Direct Staff Report TruAmerica has paid $38.75 million, or $230,654/unit, for North Creek, a 168-unit apartment property in the Denver suburb of Thornton, Colo. The Los Angeles investor acquired the property, at 700 West 91st...

FCP has provided $47.1 million of capital—a senior loan and preferred equity—through its structured investments platform to fund the construction of the Mira and Ador, a pair of apartment buildings with 553 units and ground-floor retail space next...

MonticelloAM has provided $37.85 million of bridge financing against the 240-unit Bayville Apartments in Virginia Beach, Va. The bridge loan was arranged by JLL. The Bayville apartment property, formerly Waypoint at Bayville, is at 1512 Kindly Lane, near...

Commercial Real Estate Direct Staff Report Life Insurance Co. of the Southwest has provided $37.1 million of mortgage financing against the 123-unit Ridian Apartments in Denver. The loan, which pays a floating-rate coupon, was arranged by JLL Capital...

Priority Capital Advisory has arranged $31.3 million of financing for the construction of a 116-unit apartment property at 9033 Ramsgate Ave. in Westchester, Calif., about 19 miles south of Los Angeles. The property is being developed by Six...

Charlotte Business Journal Walmart Fulfillment Services LLC has bought the Kings Mountain Corporate Center, a 1.3 million-square-foot industrial property in Kings Mountain, N.C., for $121.5 million, or $93.46/sf. The unit of Walmart Inc. of Bentonville, Ark., purchased the...

Atlanta Business Chronicle An affiliate of Insignia LLC has paid $21.75 million, or $33.64/sf, for the 646,471-square-foot Paces West office property in Atlanta. The local investor purchased the two-building complex from a venture of CP Group of Boca...

AZ Big Media Goodman Real Estate has paid $66.1 million, or $555,462/unit, for Scottsdale on Main, a 119-unit apartment property in Scottsdale, Ariz. The Seattle investor acquired the complex, at 6901 East Main St., from Baron Properties of...

Dallas Morning News Online auction platform RI Marketplace is marketing for sale Harwood Center, a 734,440-square-foot office building in downtown Dallas. Bids start at $10 million and are due Oct. 15. The beleaguered 36-story property, at 1999 Bryan...

  Class Amt $mln Sub Level % Avg Life (yrs) Rating Fitch Rating Moody's Rating Kroll Price % Yield % Final Pricing (bp) Bnch mrk A-1 7.25 30.00 2.71 AAA Aaa AAA J-spread A-SB 9.26 30.00 7.36 AAA...

Commercial Real Estate Direct Staff Report A venture of ParkProperty Capital and Wood Partners has lined up $38.7 million of floating-rate financing for the 261-unit Albright apartment property in Austin, Texas. The two-year loan was provided by ACRES...

Commercial Real Estate Direct Staff Report Sendero Capital has paid $31.55 million, or $411.34/sf, for the 76,701-square-foot medical office property at 200 Unicorn Park in the Boston suburb of Woburn, Mass. The Boston investor formed a programmatic joint...

South Florida Business Journal Ponte Gadea Biscayne LLC has bought the Sabadell Financial Center, a 522,892-square-foot office building in Miami, for $274.35 million, or $524.68/sf. The company, led by Spanish billionaire Amancio Ortega, purchased the 30-story property from a...

Commercial Real Estate Direct Staff Report Out-of-state investor 29th Street Capital has paid $24.05 million, or $162,500/unit, for the Urban 148 apartment complex in Phoenix. The Chicago-based company purchased the 148-unit property from Urban Communities, which bought it...

Argentic Investment Management has provided an $81.9 million loan against One Logistics Park Building 2, a 1.02 million-square-foot industrial property in Winchester, Va. The building, at 1251 Coverstone Drive, is owned by the Meridian Group of Bethesda, Md.,...

Commercial Real Estate Direct Staff Report Northmarq has originated $33 million of Fannie Mae financing against the 186-unit Renwood Apartment Homes in Bonney Lake, Wash. The fixed-rate loan allows the property's owner, Investco of Sumner, Wash., to retire...

Commercial Observer Berkadia has provided an $84.1 million loan against Meridian at Eisenhower Station, a 369-unit apartment property in Alexandria, Va. The loan has a 10-year term. The property, which opened in 2007, is owned by Paradigm Development...

Harbor Group International has lined up $356.41 million of Freddie Mac financing against four apartment buildings with a combined 1,817 units it recently purchased in New England. Walker & Dunlop arranged the loan. Harbor Group, of Norfolk, Va.,...

Phoenix Business Journal PSP Partners has paid $26 million, or $174.86/sf, for the 148,689-square-foot industrial building at 4455 West Camelback Road in Phoenix. The Chicago investment firm acquired the property from Westcore Properties, which bought it in 2020 for...

The Real Deal A fund managed by MCM has sold a portfolio of four hotels with a combined 1,129 rooms in Manhattan for $489.8 million, or $433,836/room. MCM, of Warwick, R.I., will retain a minority ownership stake in...

Capital Partners has paid $107.3 million, or $83.17/sf, for a 1.29 million-square-foot industrial portfolio in Indianapolis. The Edina, Minn., company, which owns and operates 16.2 million sf of industrial space in four markets—Minneapolis, Milwaukee, Southwest Florida, and now...

Braemar Hotels & Resorts Inc. has agreed to sell the 410-room Clancy hotel in San Francisco for $115 million, or $280,488/room. The Dallas REIT said the sales price would result in a 4.96% capitalization rate on the $5.7...

Commercial Real Estate Direct Staff Report DFW Land has paid $100 million, or $206.61/sf, for Park Place Village, a 10-building office and retail property with 483,993 square feet in the Kansas City suburb of Leawood, Kan. The Dallas...

Commercial Observer Bonjour Capital has paid $75 million, or $416,667/unit, for the 180-unit Avalon Brooklyn Bay apartment property at 1501 Voorhies Ave. in the Sheepshead Bay section of Brooklyn, N.Y. The New York investor acquired the seven-year-old property...