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...

Triangle Business Journal Fairfield Residential has bought the Park Central North Hills Apartments, a 286-unit building in Raleigh, N.C., for $132.5 million, or $463,287/unit. The San Diego investor purchased the 16-story property from a venture of KBS Realty...

Charlotte Business Journal A venture of Trinity Capital Advisors and Town Lane has paid $75.75 million, or $194.90/sf, for 440 South Church St., a 388,657-square-foot office building in Charlotte, N.C. Trinity, of Charlotte, and Town Lane, of New...

Alternative lender Bayport Funding, which has originated more than $1.7 billion of loans since its founding in 2011, has lined up additional capital, giving it the wherewithal to expand nationally. The New York company, founded by long-time lender...

Accesso Partners has purchased the 251,464-square-foot 555 Mangum office building in Durham, N.C., for $72 million, or $286.32/sf. The Hallandale Beach, Fla., investment manager purchased the 11-story building, constructed five years ago at 555 South Mangum St. in...

Phoenix Business Journal ViaWest Group has paid $60 million, or $173.91/sf, for the 345,000-square-foot industrial property at 2402 West Beardsley Way in Phoenix. The local investment firm acquired the property from Verde Investments, which is led by billionaire...

Minneapolis/St. Paul Business Journal Weidner Apartment Homes has paid $77 million, or $242,138/unit, for Cortland Mill District, a 318-unit apartment complex in Minneapolis. The Kirkland, Wash., investor acquired the property, at 313 Washington Ave. South, from Cortland of...

Commercial Observer ACRES Capital has provided $47.2 million of financing to fund the development of the 104-unit Fieldstone at North Broadway apartment property at 76-82 North Broadway in the Long Island, N.Y., village of Hicksville. The property is...

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...