Multi-Housing News Ocean Bank has provided $132 million of financing against the recently completed Vox I and II, a 726-bed student-housing property in Miami. The TREO Group, a local developer, built the 262-unit property at 7025 and 7175...

South Florida Business Journal An affiliate of Tenet Healthcare Corp. has bought the Victor Farris Building, a 164,082-square-foot property in West Palm Beach, Fla., for $62 million, or $377.86/sf. The healthcare provider's Good Samaritan Medical Center subsidiary purchased the...

South Florida Business Journal Tishman Speyer has paid $124.5 million, or $461.11/sf, for the Bell at Broken Sound, a 270-unit apartment complex in Fort Lauderdale, Fla. The New York company bought the property from Bell Partners, a Charlotte,...

Commercial Real Estate Direct Staff Report Abacus Capital Group has paid $56.45 million, or $282,250/unit, for the 200-unit Alderra Apartment Homes in the Seattle suburb of Puyallup, Wash. The New York investment manager purchased the property from Auctus...

The Real Deal An affiliate of Generator Hostels has defaulted on a $71 million loan against the 226-room Freehand Hotel in Los Angeles. The London company lined up the financing from Trimont of Atlanta, which had provided it...

Denver Business Journal Calraya Residential has paid $46 million, or $232,323/unit, for Sofi Belmar, a 198-unit apartment property in Lakewood, Colo., about eight miles southwest of Denver. The Phoenix company acquired the property, at 823 South Vance St.,...

Crain's Chicago Business Real Capital Solutions is said to be buying the 761,164-square-foot office property at 401 North Michigan Ave. in Chicago. The purchase price is not yet known, but a source close to the deal said Real...

Bloomberg Weill Cornell Medical School has paid $510 million, or $1,007/sf, for the 506,000-square-foot 1334 York Ave. office building on Manhattan's Upper East Side. The school acquired the property from Sotheby's, which purchased it in 2008 for $370 million,...

A San Francisco Superior Court judge has approved the sale of the 1,024-room Hilton Parc 55 and 1,919-room Hilton San Francisco Union Square hotels to a venture of Newbond Holdings and Conversant Capital of New York, according to...

Commercial Real Estate Direct Staff Report The $28.92 million sale of the 248,457 square feet of retail space at 229 West 43rd St. in Manhattan's Times Square area has resulted in a total loss for the $285 million CMBS...

Commercial Real Estate Direct Staff Report Newmark has provided $47.11 million of Fannie Mae financing to facilitate TruAmerica Multifamily's $67.3 million, or $261,867/unit, purchase of the 257-unit Park Tower Apartments & Townhomes in Chandler, Ariz. TruAmerica, a Los...

First Financial Bank and Associated Bank have provided $48 million of financing for the construction of a 273-unit apartment property within the Cityview Station mixed-use development in the Cincinnati suburb of Ludlow, Ky. Northmarq arranged the debt on...

Commercial Real Estate Direct Staff Report The venture between Feil Organization and BLDG Management that owns the 1.03 million-square-foot Queens Atrium office property in the Long Island City section of Queens, N.Y., has negotiated a two-year term extension...

S3 Capital has provided $255 million of financing to fund the first phase of a 1,200-unit apartment property at 615 River Road in Edgewater, N.J. The loan was arranged by Galaxy Capital. Phase one calls for a 25-story...

South Florida Business Journal Asana Partners has bought Red Bird Center, a 92,089-square-foot retail property in Miami, for $62.1 million, or $674.35/sf. The Charlotte, N.C., company purchased the shopping center from a company calling itself Redbird Shopping Center...

South Florida Business Journal Azora Capital has paid $82 million, or $301/sf, for a pair of Coconut Grove, Fla., office buildings totaling 272,417 square feet. The Miami company purchased the properties from a venture of Madison Marquette of Washington,...

Dallas Morning News Crescent Real Estate has bought 2000 McKinney Ave., a 442,355-square-foot office building in Dallas' Uptown neighborhood. The Fort Worth, Texas, company purchased the 21-story property from Union Investment Real Estate GmbH of Hamburg, Germany, which had...

Bascom Group has sold the Square, a 112-unit apartment property in the Los Angeles suburb of Downey, Calif., for $37.6 million, or $335,714/unit. The Irvine, Calif., investment manager sold the property, at 12535 Brookshire Ave., through Northmarq. The...

Commercial Real Estate Direct Staff Report The PGIM Real Estate venture that owns the 1.1 million-square-foot 11 Times Square office building in midtown Manhattan has turned to the CMBS market to refinance the property's $507 million mortgage. The...

Commercial Real Estate Direct Staff Report A fund managed by Ares Real Estate has paid $43.1 million, or $181.27/sf, for Marigold Two-Pack, a two-building industrial property with 237,765 square feet in Phoenix. The Los Angeles investment manager acquired...

Commercial Real Estate Direct Staff Report Jonathan Rose Cos. has paid $56 million, or $373,333/unit, for the 150-unit San Juan Del Centro Apartments in Boulder, Colo., a city that's 27 miles north of Denver. The New York investment manager acquired the property,...

AZ Big Media Dollar Tree has paid $147.1 million, or $117.68/sf, for a 1.25 million-square-foot industrial building at the Park303 development in Glendale, Ariz., about 27 miles west of Phoenix. The retailer acquired the property, at 6600 North...

Atlanta Business Chronicle Penler has bought Trace Midtown, a 290-unit apartment complex in Atlanta's Midtown area for $94.3 million, or $325,172/unit. The local multifamily investor bought the property from JLB Partners of Dallas, which had developed it in...

Commercial Real Estate Direct Staff Report State Street Corp., the sole tenant at One Channel Center in Boston, plans to move out of the 501,650-square-foot office property by the end of the year. While it's bound by a...

Commercial Observer Smith Hill Capital and Bain Capital Special Situations have provided a $216 million loan against the 774-room Westin New York Grand Central hotel in Midtown Manhattan. The loan, arranged by JLL, allowed the property's owner—Davidson Kempner...