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...

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,...