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...

Lument has provided $28.06 million of mortgage financing under the U.S. Department of Housing and Urban Development's 223(f) program against the 108-unit Sunset Terrace apartment property in the Seattle suburb of Renton, Wash. Marcus & Millichap Capital Corp....

Commercial Real Estate Direct Staff Report Dwight Mortgage Trust, which is best known for funding relatively short-term mortgages against apartment properties, has raised capital allowing it to supercharge its construction lending. The Sunny Isles Beach, Fla., REIT, an...

REBusiness Online Oakley Group has paid $49.8 million, or $207,500/unit, for the Flats at East Bay, a 240-unit apartment complex in Fairhope, Ala. The Birmingham, Ala., company purchased the property from Stoa Group of Hammond, La., in a deal...

Austin Business Journal A venture of Missio Capital and Bow River Capital has bought Veranda, a 362-unit apartment complex in Austin, Texas. Missio, of Austin, and Bow River, of Denver, purchased the garden-style property from its developer, Wayfinder...

Commercial Real Estate Direct Staff Report Principal Asset Management has paid $94.85 million, or $449,526/unit, for 8th + Republican, a 211-unit apartment property in Seattle. The Des Moines, Iowa, investment manager purchased the property, at 430 Eighth Ave....

Wells Fargo Bank has provided $162 million of financing for the development of the 534-unit Raye by Vermella apartment property in New Brunswick, N.J. The two-building property, at 51 U.S. Route 1, is being developed in phases by...

Commercial Observer Pearl Realty Management has paid $42 million, or $117.61/sf, for the 357,100-square-foot Standard Motors Product Building in the Long Island City section of Queens, N.Y. The Brooklyn, N.Y., investor acquired the office property, at 37-18 Northern...

Commercial Real Estate Direct Staff Report MG Properties has paid $64 million, or $237,037/unit, for the 270-unit Pearl at St. Rose apartment property in Las Vegas. The San Diego investment manager acquired the property from CONAM Group, also...

JLL Income Property Trust has paid $190 million, or $192.89/sf, for the 985,000-square-foot West Raleigh Distribution Center in the Raleigh, N.C., suburb of Apex, N.C. The Chicago REIT, whose shares do not trade on any exchange, purchased the...

Commercial Observer The venture of Silverstein Properties and Metro Loft Management that owns the 571-unit apartment building at 55 Broad St. in lower Manhattan has put it on the sales block. Newmark has been tapped to market the...

Multi-Housing News Rubicon Point Partners has paid $119.3 million, or $587,684/unit, for Madelon, a 203-unit apartment property in San Francisco. The local investment firm purchased the property, at 2823 18th St., through its Rubicon Point Fund II from...

Commercial Real Estate Direct Staff Report Microsoft Corp.'s lease for 494,523 square feet at the Bravern office complex in Bellevue, Wash., matured last month and the software giant, as expected, didn't renew, leaving the two-building complex completely vacant....

Tricon Residential has paid $44.15 million for two single-family rental properties with 91 units in Chandler, Ariz., and Mesa, Ariz. The Toronto company paid $23 million, or $534,883/unit, for Bower Hudson Crossing, with 43 units at 1373 East...

REBusiness Online Ashford Hospitality Trust Inc. has lined up a $218.1 million loan to refinance the 673-room Renaissance Hotel in Nashville, Tenn. The debt is being used to retire $267.2 million of financing that was securitized through BAMLL...

Kilroy Realty Corp. was the buyer of the 290,000-square-foot Maple Plaza office property in Beverly Hills, Calif. As reported, the property was purchased for $205 million, or $706.90/sf, from Tishman Speyer of New York, which bought it in 2005...

Kennedy Wilson has agreed to buy Toll Brothers' Apartment Living platform, through which the homebuilder developed apartment and student-housing properties, for $347 million. The sale by Toll Brothers allows the Fort Washington, Pa., company to start its exit...

Commercial Real Estate Direct Staff Report Neiders Co. has paid $36.06 million, or $152,796/unit, for U@19th, a 236-unit apartment property in Phoenix. Walker & Dunlop provided a $24.9 million Fannie Mae loan to facilitate the deal that was...

Local apartment owner Isaac Schwartz has paid $54.3 million for the development site at 970 Franklin Ave. in the Crown Heights section of Brooklyn, N.Y. He purchased the property from Continuum Co., which acquired it in 2017 for...

MetLife Investment Management has provided $89.25 million of mortgage financing against Mack Innovation Park Deer Valley Site C, a four-building industrial complex with 584,665 square feet in Phoenix. JLL Capital Markets arranged the loan on behalf of the...

Peachtree Group has provided $53 million of mortgage financing against the 203-room Morrow Hotel in the NoMa section of Washington, D.C. The floating-rate loan was arranged by JLL's Hotels & Hospitality Group. The Morrow, at 222 M St....

A venture of Mavrek Development and ACRES Commercial Realty Corp. has secured $73.4 million of financing to fund the conversion of the 222,768-square-foot office building at 65 East Wacker Place in Chicago into 252 apartments. Derby Lane Partners...