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...

Commercial Real Estate Direct Staff Report The $28.92 million sale of the 248,457 square feet of retail space at 229 West 43rd St. in Manhattan's Times Square area has resulted in a total loss for the $285 million CMBS...

Commercial Real Estate Direct Staff Report Newmark has provided $47.11 million of Fannie Mae financing to facilitate TruAmerica Multifamily's $67.3 million, or $261,867/unit, purchase of the 257-unit Park Tower Apartments & Townhomes in Chandler, Ariz. TruAmerica, a Los...

First Financial Bank and Associated Bank have provided $48 million of financing for the construction of a 273-unit apartment property within the Cityview Station mixed-use development in the Cincinnati suburb of Ludlow, Ky. Northmarq arranged the debt on...

Commercial Real Estate Direct Staff Report The venture between Feil Organization and BLDG Management that owns the 1.03 million-square-foot Queens Atrium office property in the Long Island City section of Queens, N.Y., has negotiated a two-year term extension...

S3 Capital has provided $255 million of financing to fund the first phase of a 1,200-unit apartment property at 615 River Road in Edgewater, N.J. The loan was arranged by Galaxy Capital. Phase one calls for a 25-story...

South Florida Business Journal Asana Partners has bought Red Bird Center, a 92,089-square-foot retail property in Miami, for $62.1 million, or $674.35/sf. The Charlotte, N.C., company purchased the shopping center from a company calling itself Redbird Shopping Center...

South Florida Business Journal Azora Capital has paid $82 million, or $301/sf, for a pair of Coconut Grove, Fla., office buildings totaling 272,417 square feet. The Miami company purchased the properties from a venture of Madison Marquette of Washington,...

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...