Commercial Real Estate Direct Staff Report Starbucks Corp., which was founded in 1971 in Seattle's famed Pike Place Market, is expanding its office footprint—but not in its hometown. Instead, the coffeehouse chain is looking for about 250,000 square...

Commercial Real Estate Direct Staff Report The continued weak performance of One State St. in Lower Manhattan has prompted S&P Global Ratings to downgrade the five classes of a CMBS deal that holds a $94.5 million piece of...

Commercial Real Estate Direct Staff Report Wells Fargo Bank has provided $145 million of mortgage financing against the 357,502-square-foot Towers at Cupertino City Center office property in the Silicon Valley city of Cupertino, Calif. The loan, which will...

GO Residential REIT has agreed to pay $217 million, or $1.17 million/unit, for the 185-unit apartment property at 409 Eastern Parkway in the Prospect Heights section of Brooklyn, N.Y. The Toronto company is buying the seven-year-old property from...

Dallas Business Journal Madera Residential has acquired Jefferson Cove, a 283‑unit apartment community in the Dallas suburb of Grand Prairie, Texas. The Lubbock, Texas, company bought the property from TDI Real Estate Holdings, a Dallas multifamily investor. Newmark...

The Real Deal Cedars-Sinai has paid $270 million, or $807.06/sf, for the Beverly Connection, a 334,566-square-foot shopping center in Los Angeles. The local healthcare company acquired the retail property, at 100 North La Cienega Blvd., from Ashkenazy Acquisition...

GO Residential REIT has agreed to pay $222.6 million, or $1.07 million/unit, for the 209-unit apartment property at 7 Dey St. in Lower Manhattan. The Toronto REIT was formed just last year to invest in luxury apartment buildings in...

The Real Deal CIRE Equity has paid $116 million, or $377.85/sf, for a pair of neighboring industrial buildings with a total of 307,000 square feet in Van Nuys, Calif. The San Diego private equity firm bought the properties...

The Real Deal AmTrust has paid $77 million, or $409,574/unit, for the 188-unit apartment building at 220 West Illinois St. in Chicago. The New York investment firm acquired the property from Cortland, which bought it in 2022 for...

Peachtree Group has provided $103 million of financing against the Hilton Miami Beach Convention Center Hotel, a collection of seven buildings that Chetrit Group acquired in 2012 and is redeveloping into one 289-room property. The buildings on the...

New York Life Real Estate Investors has provided $75 million of financing for the development of the 145-unit Residence at Bay Terrace apartment property in the Bayside section of Queens, N.Y. The two-building property is being developed by...

South Florida Business Journal An affiliate of DRA Advisors has paid $43 million, or $217.60/sf, for a two-building warehouse complex totaling 197,608 square feet at 1200 and 1210 SW 35th Ave. in Boynton Beach, Fla. The New York...

South Florida Business Journal NorthBridge Partners has paid $81.5 million, or about $226.73/sf, for a 359,460‑square‑foot portfolio of small-bay industrial properties in Lauderdale Lakes, Fla. The Wakefield, Mass., company bought the portfolio from an affiliate of Harbert Management...

Commercial Observer Industrious has expanded its footprint by 51,600 square feet, to 291,600 sf, at Tower 49, giving it nearly half of the space in the 600,000-sf office building in Midtown Manhattan. The coworking company first took space in...

Commercial Real Estate Direct Staff Report The $133 million CMBS loan against the 780,648-square-foot Panorama Corporate Center office property in the Denver suburb of Centennial, Colo., wasn't paid off at its maturity last month. As a result, it...

Atlanta Business Chronicle Amazon.com has bought the Chattahoochee Logistics Center, a 1.1 million-square-foot industrial property in Atlanta for $129.8 million, or $118/sf. The Seattle online retail giant purchased the property from Walton Street Capital of Chicago. Amazon had...

South Florida Business Journal Griffis Residential has paid $78.5 million, or $298,479/unit, for Loftin Place, a 263-unit apartment property in West Palm Beach, Fla. The Denver real estate company purchased the complex from Castle Lanterra of Suffern, N.Y., which...

The Real Deal Soheil Khayyam has paid $58 million, or $773,333/unit, for the 75-unit apartment property at 68-74 Thompson St. in the SoHo section of Manhattan. The Long Island, N.Y., investor acquired the property from Centurion Realty of...

Huntington Tower, a 203,000-square-foot office property in downtown Detroit, was sold for $156 million, or $768.47/sf, in a deal arranged by Colliers. The 21-story building, at 2025 Woodward Ave., was sold by Herrick Co. of Cedar Knoll, N.J.,...

BXP Inc. has leased another 230,000 square feet at its recently redeveloped 360 Park Ave. South building in Manhattan's Midtown South area. The Boston REIT purchased the 113-year-old structure in 2021 through a venture with two partners for...

San Antonio Business Journal Sunrise Realty Trust and Southern Realty Trust have taken title to the Thompson San Antonio - Riverwalk hotel in San Antonio, according to Bexar County, Texas, records. The property serves as collateral for about...

Commercial Real Estate Direct Staff Report LNR Partners, which early last year took title to the 27,541 square feet of retail space on the two bottom floors of the Atrium Condominiums in Manhattan's West Village, has sold the...

Commercial Real Estate Direct Staff Report A venture of Glencrest Group and Sky Alps Capital has paid $29.85 million, or $192,580/unit, for Cedar Square, a 155-unit apartment property in Beaverton, Ore., a western suburb of Portland, Ore. Glencrest...

The Real Deal East West Bank has paid $98 million, or $362.96/sf, for Western Asset Plaza, a 270,000-square-foot office property in Pasadena, Calif. The bank acquired the property, at 385 East Colorado Blvd., from Irvine Co., which bought...

Commercial Real Estate Direct Staff Report LDK Ventures has paid $37.57 million, or $113.29/sf, for the 331,632-square-foot Reno Distribution Center in Reno, Nev. The Sacramento, Calif., investor acquired the industrial property, at 4910 Longley Lane, from GPR Ventures,...