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...

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....