Commercial Real Estate Direct Staff Report A venture of ParkProperty Capital and Wood Partners has lined up $38.7 million of floating-rate financing for the 261-unit Albright apartment property in Austin, Texas. The two-year loan was provided by ACRES...

Commercial Real Estate Direct Staff Report Sendero Capital has paid $31.55 million, or $411.34/sf, for the 76,701-square-foot medical office property at 200 Unicorn Park in the Boston suburb of Woburn, Mass. The Boston investor formed a programmatic joint...

South Florida Business Journal Ponte Gadea Biscayne LLC has bought the Sabadell Financial Center, a 522,892-square-foot office building in Miami, for $274.35 million, or $524.68/sf. The company, led by Spanish billionaire Amancio Ortega, purchased the 30-story property from a...

Commercial Real Estate Direct Staff Report Out-of-state investor 29th Street Capital has paid $24.05 million, or $162,500/unit, for the Urban 148 apartment complex in Phoenix. The Chicago-based company purchased the 148-unit property from Urban Communities, which bought it...

Argentic Investment Management has provided an $81.9 million loan against One Logistics Park Building 2, a 1.02 million-square-foot industrial property in Winchester, Va. The building, at 1251 Coverstone Drive, is owned by the Meridian Group of Bethesda, Md.,...

Commercial Real Estate Direct Staff Report Northmarq has originated $33 million of Fannie Mae financing against the 186-unit Renwood Apartment Homes in Bonney Lake, Wash. The fixed-rate loan allows the property's owner, Investco of Sumner, Wash., to retire...

Commercial Observer Berkadia has provided an $84.1 million loan against Meridian at Eisenhower Station, a 369-unit apartment property in Alexandria, Va. The loan has a 10-year term. The property, which opened in 2007, is owned by Paradigm Development...

Harbor Group International has lined up $356.41 million of Freddie Mac financing against four apartment buildings with a combined 1,817 units it recently purchased in New England. Walker & Dunlop arranged the loan. Harbor Group, of Norfolk, Va.,...

Phoenix Business Journal PSP Partners has paid $26 million, or $174.86/sf, for the 148,689-square-foot industrial building at 4455 West Camelback Road in Phoenix. The Chicago investment firm acquired the property from Westcore Properties, which bought it in 2020 for...

The Real Deal A fund managed by MCM has sold a portfolio of four hotels with a combined 1,129 rooms in Manhattan for $489.8 million, or $433,836/room. MCM, of Warwick, R.I., will retain a minority ownership stake in...

Capital Partners has paid $107.3 million, or $83.17/sf, for a 1.29 million-square-foot industrial portfolio in Indianapolis. The Edina, Minn., company, which owns and operates 16.2 million sf of industrial space in four markets—Minneapolis, Milwaukee, Southwest Florida, and now...

Braemar Hotels & Resorts Inc. has agreed to sell the 410-room Clancy hotel in San Francisco for $115 million, or $280,488/room. The Dallas REIT said the sales price would result in a 4.96% capitalization rate on the $5.7...

Commercial Real Estate Direct Staff Report DFW Land has paid $100 million, or $206.61/sf, for Park Place Village, a 10-building office and retail property with 483,993 square feet in the Kansas City suburb of Leawood, Kan. The Dallas...

Commercial Observer Bonjour Capital has paid $75 million, or $416,667/unit, for the 180-unit Avalon Brooklyn Bay apartment property at 1501 Voorhies Ave. in the Sheepshead Bay section of Brooklyn, N.Y. The New York investor acquired the seven-year-old property...

Triangle Business Journal Fairfield Residential has bought the Park Central North Hills Apartments, a 286-unit building in Raleigh, N.C., for $132.5 million, or $463,287/unit. The San Diego investor purchased the 16-story property from a venture of KBS Realty...

Charlotte Business Journal A venture of Trinity Capital Advisors and Town Lane has paid $75.75 million, or $194.90/sf, for 440 South Church St., a 388,657-square-foot office building in Charlotte, N.C. Trinity, of Charlotte, and Town Lane, of New...

Alternative lender Bayport Funding, which has originated more than $1.7 billion of loans since its founding in 2011, has lined up additional capital, giving it the wherewithal to expand nationally. The New York company, founded by long-time lender...

Accesso Partners has purchased the 251,464-square-foot 555 Mangum office building in Durham, N.C., for $72 million, or $286.32/sf. The Hallandale Beach, Fla., investment manager purchased the 11-story building, constructed five years ago at 555 South Mangum St. in...

Phoenix Business Journal ViaWest Group has paid $60 million, or $173.91/sf, for the 345,000-square-foot industrial property at 2402 West Beardsley Way in Phoenix. The local investment firm acquired the property from Verde Investments, which is led by billionaire...

Minneapolis/St. Paul Business Journal Weidner Apartment Homes has paid $77 million, or $242,138/unit, for Cortland Mill District, a 318-unit apartment complex in Minneapolis. The Kirkland, Wash., investor acquired the property, at 313 Washington Ave. South, from Cortland of...

Commercial Observer ACRES Capital has provided $47.2 million of financing to fund the development of the 104-unit Fieldstone at North Broadway apartment property at 76-82 North Broadway in the Long Island, N.Y., village of Hicksville. The property is...

Multi-Housing News Ocean Bank has provided $132 million of financing against the recently completed Vox I and II, a 726-bed student-housing property in Miami. The TREO Group, a local developer, built the 262-unit property at 7025 and 7175...

South Florida Business Journal An affiliate of Tenet Healthcare Corp. has bought the Victor Farris Building, a 164,082-square-foot property in West Palm Beach, Fla., for $62 million, or $377.86/sf. The healthcare provider's Good Samaritan Medical Center subsidiary purchased the...

South Florida Business Journal Tishman Speyer has paid $124.5 million, or $461.11/sf, for the Bell at Broken Sound, a 270-unit apartment complex in Fort Lauderdale, Fla. The New York company bought the property from Bell Partners, a Charlotte,...

Commercial Real Estate Direct Staff Report Abacus Capital Group has paid $56.45 million, or $282,250/unit, for the 200-unit Alderra Apartment Homes in the Seattle suburb of Puyallup, Wash. The New York investment manager purchased the property from Auctus...