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...

Commercial Real Estate Direct Staff Report Sobrato Organization has paid $32.9 million, or $421,794/unit, for the 78-unit Park Metro Apartments in the Seattle suburb of Bellevue, Wash. The Mountain View, Calif., investment firm purchased the property from a...

Commercial Real Estate Direct Staff Report Rithm Capital Corp. has struck a deal to pay $6.60/share, or $1.57 billion in cash, for Paramount Group, which has a portfolio of 17 office properties totaling 13.1 million square feet in...

Mountaineer Village, a 576-bed student-housing complex in Boone, N.C., has been sold for $68.5 million, or $118,924/bed. Walker & Dunlop brokered the sale on behalf of the seller, 10 Federal, a Raleigh, N.C., real estate investor that specializes...

Commercial Real Estate Direct Staff Report A substantial decline in occupancy and cash flow in recent years at 32 Ave. of the Americas in lower Manhattan has made it unlikely that the 1.1 million-square-foot office building's $425 million...

ConnectCRE A venture of Lincoln Property Co. and Bridge Investment Group has lined up $43.5 million of fixed-rate financing against Vibe at Echo Street West, a 292-unit apartment complex in Atlanta's Midtown area. CBRE arranged the Fannie Mae...

Commercial Real Estate Direct Staff Report Elme Communities, the former Washington REIT, has begun its liquidation with the $1.6 billion sale of 19 apartment properties with 5,804 units in Virginia, Georgia, and Washington, D.C., to Cortland. The Bethesda,...

Commercial Property Executive LBA Realty has paid $45.5 million, or $816.88/sf, for the 55,700-square-foot industrial property at 868 Cowan Road in Burlingame, Calif., about 14 miles south of San Francisco. The Irvine, Calif., company acquired the building from...

The Real Deal Rialto Capital Advisors, special servicer for the $104.5 million CMBS loan against the 139,921-square-foot office property at 90 Fifth Ave. in Manhattan's Midtown South area, has hired Newmark to sell the debt. Rialto previously filed to...

Commercial Real Estate Direct Staff Report The Factory, a former Macy's furniture warehouse in Queens, N.Y., that five years ago was redeveloped into creative office space, has continued to face declining occupancy and cash flow. This year through...

The Real Deal The venture of MetLife and Beacon Capital Partners that owns 575 Fifth Ave. in midtown Manhattan has tapped Eastdil Secured to market the 540,000-square-foot mixed-use building for sale. It is seeking more than $400 million,...

Orlando Business Journal RMR Residential has paid $62 million, or $225,455/unit, for the Atrium at Oviedo Park apartment complex in Oviedo, Fla. The company, an affiliate of The RMR Group of Newton, Mass., purchased the property from CGI+...

JLL Real Estate Capital has provided $40.5 million of mortgage financing against the 300-unit Place at Silverbell Gateway apartment property in Tucson, Ariz. The loan pays a floating coupon and allows the property's owner, MC Cos. of Scottsdale,...

Commercial Real Estate Direct Staff Report An affiliate of Citivest Commercial has paid $25.25 million, or $133.13/sf, for the 189,670-square-foot Bear Creek Plaza shopping center in the southwest Oregon city of Medford. The Newport Beach, Calif., real estate...

Commercial Real Estate Direct Staff Report Savanna is close to getting additional time to line up a new mortgage to refinance the matured $463 million loan against its 682,988-square-foot 5 Bryant Park office building in midtown Manhattan. The...

Commercial Real Estate Direct Staff Report HSL Properties has paid $24.45 million, or $119,852/unit, for the 204-unit Vintage apartment property in Tucson, Ariz. The local company purchased the property, at 8225 East Speedway Blvd., from Phoenix investment manager...

Commercial Real Estate Direct Staff Report BKM Capital Partners has paid $167.85 million, or $188.73/sf, for a portfolio of eight industrial properties totaling 889,352 square feet in the Phoenix and Tempe, Ariz., areas. The Newport Beach, Calif., investment...

Crain's New York Business The venture of SL Green Realty Corp. and PGIM Real Estate that owns the 2.29 million-square-foot 11 Madison Ave. office building in Manhattan's Flatiron District is lining up a $1.4 billion refinancing for the...

Tampa Bay Business Journal A venture of Rockhill Management and Rockpoint has paid $95.55 million, or $319,565/room, for the Westin Tampa Waterside, a 299-room hotel in downtown Tampa, Fla. Rockhill, of Boston, and Rockpoint, of Dallas, purchased the...