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...

Commercial Real Estate Direct Staff Report The CMBS loan against the Augusta Mall in eastern Georgia, which late last year was granted a term extension taking its maturity through last month, wasn't paid off, resulting in its transfer...

Axonic Capital has formed a partnership with Affinius Capital through which it will fund construction loans against a broad range of middle-market properties throughout the country. Axonic, a New York investment manager with $6.7 billion of assets under...

Bisnow World Bank Group has paid $165 million for the land beneath the 488,000-square-foot office property at 701 18th St. NW in Washington, D.C. The organization already owns the building, which it developed in 1984 and that was...

Centerspace has sold five apartment properties with 832 units in and around St. Cloud, Minn., for $124 million, marking its exit from the area, which is roughly 65 miles northwest of Minneapolis. CBRE arranged the transaction. The Minot,...

Commercial Observer Creed Equities has paid $25 million for 149 Spring St., an eight-story building with 2,254 square feet of retail space and seven apartment units in Manhattan's SoHo area. The New York family office bought the property...

New York Life Insurance Co. has provided $130 million of mortgage financing against a portfolio of 21 properties, mostly industrial, in southern California owned by Sukut Real Properties. The five-year loan, arranged by JLL Capital Markets, allowed Sukut,...

Commercial Observer A lender group led by Apollo Global Management and Pearlmark has provided $103 million of financing to fund the second phase of the conversion of the former DuPont headquarters in downtown Wilmington, Del., into apartments. The...

Commercial Real Estate Direct Staff Report Columbia Sussex Corp. has paid $113 million, or $305,405/unit, for the 370-room Westin Westminster hotel in the Denver suburb of Westminster, Colo. The Crestview Hills, Ky., hotel owner bought the property, at...

Crain's New York Business Jackson Group has paid $41.5 million, or $415/sf, for the 100,000-square-foot office building at 625 Broadway in the SoHo section of Manhattan. The New York investor acquired the property from ASB Real Estate of...

Commercial Real Estate Direct Staff Report Invesco Real Estate has provided $91.05 million of financing against the 289-unit Millie on Michigan apartment property in Chicago. The loan allowed the property's owner, a venture of Cedar Street Cos. of...

Commercial Real Estate Direct Staff Report Daniel Negari, founder of domain registry operator XYZ, has purchased his second San Diego office property, paying $71.2 million, or just more than $172/sf, for the 413,592-square-foot One America Plaza in the...

Commercial Real Estate Direct Staff Report The venture of SL Green Realty Corp. and Wharton Properties Co. that owns the retail space at the base of 1552-1560 Broadway in the Times Square area of Manhattan has completed the...

Commercial Real Estate Direct Staff Report Next Wave Investors has paid $23.45 million, or $330,281/unit, for the 71-unit Ascension at Manistee Ranch apartment property in the Phoenix suburb of Glendale, Ariz. The San Clemente, Calif., investment manager bought...

Triangle Business Journal United Therapeutics has paid $107 million, or $253.27/sf, for Research Commons RTP, a five-building office and laboratory complex in Durham, N.C. The Silver Springs, Md., pharmaceutical manufacturer purchased the 422,478-square-foot complex from Oxford Properties Group of...

Atlanta Business Chronicle An affiliate of SunCap Real Estate Investments has bought the DeKalb Technology Center, a 285,000-square-foot flex office complex in Atlanta for $41.6 million, or $145.96/sf. The Fort Lauderdale, Fla., company purchased the eight-building property from...

Crain's Chicago Business An affiliate of Nuveen has paid more than $100 million, or $166.67/sf, for Algonquin Commons, a 600,000-square-foot retail center in Algonquin, Ill., about 47 miles northwest of Chicago. The Chicago investment manager acquired the property,...

Class Amt $mln Sub Level % Avg Life (yrs) Rating Fitch Rating MStar DBRS Rating Moody's Price % Yield % Final Pricing (bp) Bnch mrk A-1 1.05 30.00 2.44 AAA AAA Aaa 99.99996 4.50575 +94 J-spread A-2 50.00...

Commercial Real Estate Direct Staff Report Nuveen Real Estate has sold the 216-unit Flux Apartments in Minneapolis for $36.1 million, or $167,129/unit. The buyer is a Houston investor group, Fremont Street Ventures. Nuveen, which was represented by JLL...

Atlanta Business Chronicle An affiliate of Penler has bought the Eleven 85 Apartments in Atlanta for $67 million, or $232,639/unit. The local apartment property investor purchased the complex from TerraCap Management of Naples, Fla., which had bought it...

Atlanta Business Chronicle Fortress Investment Group has paid $93.2 million, or $305.57/sf, for the 305,000-square-foot office complex at 12380 Morris Road in Alpharetta, Ga. The New York company purchased the six-story property from UPS, in a sale-leaseback deal...

PCCP has provided $245.8 million of mortgage financing against a portfolio of eight industrial properties with 2.95 million square feet in Pennsylvania and Florida owned by affiliates of CBRE Investment Management. The Los Angeles alternative lender provided the...