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...

Triangle Business Journal JLL Income Property Trust has paid $190 million, or $192.89/sf, for five buildings within the Apex Gateway industrial development that's currently under construction in Apex, N.C. The Chicago REIT purchased the property from Beacon Partners,...

The Promote The 601W Cos. has agreed to pay $165 million for the 205 East 42nd St. office building in midtown Manhattan. The New York investor is buying the 98-year-old building, a block from Grand Central Terminal, from...

CityBiz.com Starwood Capital has provided $64 million of financing against Home at Ashcroft, a 178-unit apartment property in Oswego, Ill., a Chicago suburb. The mortgage allows the property's owner, Lynd Development Group of Shavano Park, Texas, to retire...

Dallas Business Journal An affiliate of Ares Management has paid $80 million, or $100/sf, for the 800,000-square-foot warehouse building at 1000 Commerce Center Drive in Elkton, Md. The Los Angeles company purchased industrial property from a venture of...

Commercial Real Estate Direct Staff Report The $57.21 million CMBS loan against the 502,217-square-foot 1515 Market St. office building in downtown, or Center City, Philadelphia, has been extended by another two years. The loan, securitized through JPMBB Commercial...

  Class Amt $mln Sub Level % Avg Life (yrs) Rating Fitch Rating MStarDBRS Rating Moody's Price % Yield % Final Pricing (bp) Bnch mrk A-1 9.60 30.00 2.50 AAA AAA Aaa J-spread A-2 125.80 30.00 4.74 AAA...

  Class Amt $mln Sub Level % Avg Life (yrs) Rating Fitch Rating MStarDBRS Rating Moody's Price % Yield % Final Pricing (bp) Bnch mrk A-1 1.20 30.00 2.51 AAA AAA Aaa J-spread A-2 75.00 30.00 4.83 AAA...

South Florida Business Journal An affiliate of Ares Management has paid $56 million, or $242.45/sf, for the 230,976-square-foot industrial building at 3425 Meridian Parkway in Weston, Fla. The Los Angeles asset management firm acquired the warehouse property from...

Gerrity Group has paid $45.5 million, or $358.20/sf, for Conejo Valley Plaza, a 127,032-square-foot shopping center in Thousand Oaks, Calif. The Solana Beach, Calif., investor acquired the property, at 1388 to 1516 North Moorpark Road, from an affiliate...

Commercial Real Estate Direct Staff Report Office space available for sublease in Chicago's central business district totaled 5.14 million square feet through September, down 550,000 sf since June and 1.4 million sf year over year, according to Transwestern....

A venture of North Signal Capital and EJF Capital LLC has lined up $115 million of financing against three industrial buildings within the RiverPort Commerce Park in Hardeeville, S.C., about 12 miles north of Savannah, Ga. Synovus and...

Accordia Real Estate has bought Remount I & II, a two-building office and industrial park totaling 305,114 square feet in North Charleston, S.C., for $48 million, or $157.32/sf. The Fairfield, N.J., company purchased the property from a venture...

Denver Business Journal A venture of Mortenson Properties and Hyde Development has paid $48.2 million, or $180.85/sf, for Potomac Park, a two-building industrial property totaling 266,522 square feet in Englewood, Colo. Mortenson and Hyde, both of Minneapolis, acquired...

The Real Deal A venture led by GIC, the sovereign wealth fund of Singapore, is offering for sale the 1.25 million-square-foot office building at 101 California St. in San Francisco. GIC hired Eastdil Secured to market the property,...

A venture of Legacy Partners and PGIM Real Estate has paid $92 million, or $287,500/unit, for University Village, a 320-unit apartment complex in the eastern Los Angeles suburb of Azusa, Calif. Legacy, of Foster City, Calif., and PGIM,...

Commercial Observer FPA Multifamily has paid $73 million, or $211,594/unit, for two apartment properties with a total of 345 units in Baltimore. The properties are The Lofts, with 193 units at 1901 South Charles St., and The Flats,...

Commercial Property Executive CenterPoint Properties has bought the 395,750-square-foot industrial building at 2124 Skyview Drive in Lithia Springs, Ga., for $51.6 million, or $130.39/sf. The Denver property management company purchased the property from IDI Logistics of Atlanta in a deal...

USBank has provided $27 million of financing for the construction of the 52,200-square-foot Whitney Ranch retail center in Rocklin, Calif. The property is being developed at the southwest corner of Whitney Ranch Parkway and University Avenue, about 22...

Commercial Real Estate Direct Staff Report Columbia Sussex has paid $48.5 million, or $160,596/room, for the 302-room Inverness Denver Hilton hotel in Englewood, Colo., about 16 miles south of Denver. The Crestview Hills, Ky., hotel investor bought the...

New York YIMBY A venture of Macklowe Properties and SK Development has paid $49 million for the vacant 12-story building at 809 Madison Ave. on Manhattan's Upper East Side. It bought the property, formerly a 36-unit apartment building,...

Northmarq has originated a $53.72 million Fannie Mae loan against the 260-unit Fairmont at Willow Creek apartment property in the Sacramento, Calif., suburb of Folsom, Calif. The five-year loan requires only interest payments for its entire term. It...

Greystone has provided $26.32 million of Freddie Mac financing and arranged a $4.96 million preferred equity investment to fund Bayshore Properties' $36 million, or $96,257/unit, purchase of the 374-unit Tiberon Trails apartment property in the northwest Indiana town...