Postal Realty Trust Inc. has hired Robert Klein as its chief financial officer. Klein joined the Cedarhurst, N.Y., company from Monday Properties, where he was a managing partner and head of capital markets. Postal Realty did not previously...

The Real Deal The St. Paul Fire and Marine Insurance Co. has paid $74.5 million, or $378.17/sf, for the 197,000-square-foot distribution center at 344 Duffy Ave. in Hicksville, N.Y. The affiliate of Travelers Cos. bought the Long Island,...

Crain's New York Business ABS Partners has sold two office buildings that are next to each other in Manhattan's Upper East Side neighborhood for $70 million. Hospital for Special Surgery paid $42 million for building at 504-506 East...

Colliers International has hired Shannon Rex as executive managing director of its debt and equity finance practice in South Florida. Rex, a veteran industry professional, joined the company's Boca Raton, Fla., office from Walker & Dunlop, where he...

Southwestern Property Corp. has lined up a $34.4 million construction loan through the U.S. Department of Housing and Urban Development's 221(d)(4) program for the construction of the 180-unit Aspen Hills Apartments in Commerce City, Colo. Greystone provided the...

Commercial Real Estate Direct Staff Report Hana Alternative Asset Management Co. has acquired a 95 percent stake in the 38-story Qualtrics Tower in downtown Seattle in a deal valuing the 703,000-square-foot office property at $704 million, or just...

Audubon Communities has paid $65.5 million, or $190,407/unit, for the 344-unit Harbor Pointe apartment property in Mount Pleasant, S.C., about five miles northeast of Charleston, S.C. The Atlanta multifamily specialist bought the complex from Crotts Enterprises Inc. of...

Michael Zampetti has been named managing director in Greystone's New York office, where he'll focus on loan production. He joins the New York lender from CIBC, where he was managing director and wrote loans against the bank's balance...

Puget Sound Business Journal Charlie's Produce has paid $72.6 million, or $230.19/sf, for the 315,392-square-foot South Seattle Distribution Center in Seattle. The Seattle produce supplier acquired the industrial property from LaSalle Investment Management, which had purchased it in 2014...

AZ Big Media MG Properties has paid $145.25 million, or $252,170/unit, for the 576-unit Andante Apartments in Phoenix. The San Diego developer bought the property, at 15801 South 48th St., from Security Properties. The seller was represented by...

Dwight Capital has provided $49 million of financing under the U.S. Department of Housing and Urban Development's 223(f) program for the 472-unit Remington Apartments in St. Charles, Mo. The property sits on a 40-acre parcel at 3545 Veterans...

Metropolitan Associates has paid $13.1 million, or $104,800/unit, for the 125-unit Lake Point Terrace apartment property in Madison, Wis. The Milwaukee company bought the complex from Ansonia Properties LLC in a deal brokered by Berkadia's Chicago office. The...

G2 Capital has sold Broadway Business Center, a two-building office property totaling 136,998 square feet, in Phoenix to the Simone Charitable Foundation for $18.55 million, or $135.40/sf. JLL Capital Markets brokered the deal. The property, at 3925 and...

Charlotte Business Journal An affiliate of Grubb Properties has sold Sterling Magnolia, a 174-unit apartment property in Charlotte, N.C., for $43 million, or about $247,126/unit. An entity affiliated with Goldrich Kest of Culver City, Calif., bought the three-story...

Commercial Real Estate Direct Staff Report Cortland has paid $91.7 million, or $272,917/unit, for the 336-unit Parc Station Apartments in Hollywood, Fla., according to Broward County, Fla., records. The Atlanta investment manager bought the five-year-old property from JPMorgan Asset...

CIT Group has provided $42.5 million of construction financing for the 307-unit Terra at the Grove apartment complex in St. Louis. The loan was written by CIT's Real Estate Finance group, which funds, among other things, construction and...

A venture of Aegis Living and Blue Moon Capital Partners has paid $350 million for a portfolio of 10 senior-living properties with 702 units in California, Washington and Nevada. The venture acquired the portfolio from Healthpeak Properties Inc.,...

Commercial Real Estate Direct Staff Report CA Ventures has paid $80 million, or about $133,779/unit, for the 598-bed University Park student-housing property in Boca Raton, Fla. The Chicago investment manager bought the property from a venture of Preiss...

The following item was edited to reflect that the property is owned solely by an affiliate of Pacific Life Insurance Co. Bisnow An affiliate of Pacific Life Insurance Co. is looking to sell the 1,152-room Washington Marriott Wardman...

Atlanta Business Chronicle JLL Income Property Trust has bought the 240-unit Siena Suwanee Town Center in Suwanee, Ga., for $70 million, or about $291,667/unit. The seller was not disclosed. The property, at 400 Buford Highway, opened three years...

South Florida Business Journal Affiliates of Krausz Cos. has paid $14.1 million, or $150,000/unit, for the 94-unit Alta Village Gardens Apartments in West Palm Beach, Fla. AVG APTS LLC was the seller. The property was built on a...

South Florida Business Journal Bar Invest Group has bought the Landings at Pembroke Pines, a 358-unit apartment property in Pembroke Pines, Fla., for $79.5 million, or about $222,067/unit. An affiliate of Starwood Capital Group sold the complex, which...

Charing Cross Partners has paid $39.7 million, or $369.17/sf, for the 107,539-square-foot shopping center at 19330 Hawthorne Blvd. in Torrance, Calif. The Santa Monica, Calif., investor purchased the property from Regency Centers of Jacksonville, Fla., in a deal...

Southwood Realty has paid $54 million, or $166,667/unit, for the 324-unit Belle Meade Apartment Homes in Wilmington, N.C. The Gastonia, N.C., real estate investment firm bought the property from McAdams Homes of Wilmington, which had developed it in...

Boston Business Journal A venture of Fairstead and Atalaya Capital has paid $74 million, or $500,000/unit, for the 148-unit Pelham Hall apartment property in the Boston suburb of Brookline, Mass. It bought the property from Nordblom Co. of...