Commercial Real Estate Direct Staff Report Mesa West Capital has provided $27.7 million of mortgage financing to fund Knightvest Capital's acquisition of the 156-unit Lofts at Strickland Glen apartment property in northwest Raleigh, N.C. Knightvest, a Dallas investment...

Commercial Observer ACORE Capital has provided $145 million of mortgage financing against the 364-unit Miroza at Ridge Hill apartment property at 601-607 Ridge Hill Blvd. in Yonkers, N.Y. The two-building property is owned by Azorim North America, an...

South Florida Business Journal A Puerto Rico-based company managed Mohsin Ilyas and Ahmad Abdelaziz has bought Remi on the River, a 342-unit apartment complex in Miami for $108.35 million, or $316,813/unit. A venture of Mast Capital of Miami and AEW...

Commercial Real Estate Direct Staff Report The departure of anchors Best Buy and Macy's from the Queens Place shopping center in Queens, N.Y., has put its $42 million CMBS loan in jeopardy. The loan, which is now classified...

The Real Deal Future Foam has paid $145 million, or $690.48/sf, for the 210,000-square-foot industrial property at 1050 South State College Blvd. in Fullerton, Calif. The foam maker acquired the building from Principal Financial Group, a Des Moines,...

The Promote The 601W Cos., which recently struck a deal to pay $165 million for the 205 East 42nd St. office building in midtown Manhattan, will fund its purchase with a $100 million loan and $50 million of...

Commercial Real Estate Direct Staff Report Hull Property Group has sewn up the purchase of another distressed shopping mall backing CMBS debt. It purchased the Glenbrook Square shopping mall in Fort Wayne, Ind., and assumed its $138.28 million...

Puget Sound Business Journal Blackstone has paid $75 million, or $128,205/unit, for two apartment properties with 585 units in SeaTac, Wash., about 11 miles south of Seattle. The investment giant acquired the properties from their developer, Inland Group...

Ikea has paid $213 million, or $13,312/sf, for the 16,000-square-foot retail property at 529 Broadway in the SoHo area of Manhattan. The Swedish furniture company acquired the property from a venture of Wharton Properties, Aurora Capital Associates, and...

Commercial Real Estate Direct Staff Report Citibank, Bank of Montreal, Deutsche Bank, JPMorgan Chase Bank, and Societe Generale have provided $1.25 billion of mortgage financing against the 1.71 million-square-foot Five Manhattan West office property in Manhattan's Hudson Yards...

Site Centers Corp. has sold Edgewater Towne Center, a mixed-use property with 76,525 square feet of retail space and 64 apartment units in Edgewater, N.J., for $53.2 million. The Beachwood, Ohio, REIT sold the property to an undisclosed...

Commercial Real Estate Direct Staff Report Hamilton Zanze has paid $122 million for two apartment properties with 776 units in Reno, Nev. The San Francisco investment manager acquired both properties through its HZ Capital Partners Fund I, which it...

Houston Business Journal Brennan Investment Group has teamed with PCCP to buy the former Dril-Quip headquarters complex in Houston for $95 million, or $73.08/sf. Brennan, of Rosemont, Ill., and PCCP, of Los Angeles, purchased the 1.3 million-square-foot industrial...

Briar Capital Management has paid $102 million, or $227,678/unit, for the 448-unit Latitudes Apartments in Virginia Beach, Va. The New York investment manager bought the property from Heritage Capital Group of Jacksonville, Fla., which purchased it from Brookfield...

Affinius Capital has provided a total of $82 million of mortgage financing against a pair of apartment properties with 159 units in Brooklyn, N.Y., that recently were developed by the Jay Group. It provided $46 million against the...

Commercial Real Estate Direct Staff Report Bison Partners has paid $38.27 million, or $274.22/sf, for the 139,559-square-foot Bernal Plaza retail property in San Jose, Calif. The Manhattan Beach, Calif., investor acquired the property from Terracommercial Real Estate Corp....

Commercial Real Estate Direct Staff Report Wells Fargo Bank, Morgan Stanley, and Bank of America have provided $465 million of mortgage financing against 1 million square feet of office and retail space at the Hub on Causeway complex...

Commercial Real Estate Direct Staff Report The size of the commercial mortgage universe increased during the second quarter by $47.06 billion, or 1%, to $4.88 trillion, according to the Mortgage Bankers Association. The growth was driven by life...

Minneapolis/St. Paul Business Journal Namdar Realty Group has paid $4 million, or $8.57/unit, for the leasehold interest in 8500 Tower, a 467,000-square-foot office property in Bloomington, Minn. The Great Neck, N.Y., company acquired the building, at 5800 84th...

Dwight Mortgage Trust has provided $44 million of short-term financing against two recently completed properties with 244 units in Seattle and Tacoma, Wash. The bridge loan, funded before the properties received their certificates of occupancy, allows their developer—Bode...

  Class Amt $mln Sub Level % Avg Life (yrs) Rating Fitch Rating Kroll Rating Moody's Price % Yield % Final Pricing (bp) Bnch mrk A-1 4.16 30.00 3.04 AAA AAA Aaa 99.9997 4.3117 +66 J-spread A-4 140.00...

Commercial Real Estate Direct Staff Report The 781,426-square-foot 10 South LaSalle St. office property in Chicago, whose $105 million CMBS loan has been in special servicing for three years, had its appraised value slashed by 81.9% to $30.1...

Commercial Real Estate Direct Staff Report Wells Fargo Bank and JPMorgan Chase Bank have provided $475 million of mortgage financing against a pair of office/lab buildings in Philadelphia and Pittsburgh owned by a Ventas Inc. venture. The five-year...

Commercial Real Estate Direct Staff Report New York Life Real Estate Investors has provided $102.4 million of construction financing for the 612,240-square-foot first phase of the Otay Business Park, a 1.78 million-sf industrial property in San Diego. JLL...

South Florida Business Journal American Commercial Realty Corp. has bought the 77,852-square-foot King's Point Shopping Center in Delray Beach, Fla., for $18.3 million, or $235.06/sf. The Palm Beach Gardens, Fla., company purchased the retail and medical office property...