Correction: The price paid was understated in a previous version of this story. South Florida Business Journal A fund affiliate of Blackstone Real Estate has paid just less than $300 million for the EAST Miami hotel in Miami's...

South Florida Business Journal An affiliate of Stockbridge Capital Group has bought Uptown Boca, a grocery-anchored lifestyle center in Boca Raton, Fla., for $118.43 million, or $786.43/sf. The San Francisco company purchased the 150,591-square-foot shopping center from a venture...

Tyko Capital has provided a $220 million loan against the 576-unit apartment property at 626 Newark Ave. in the Journal Square section of Jersey City, N.J. The property is owned by Namdar Group of Great Neck, N.Y. Walker...

Commercial Real Estate Direct Staff Report The San Francisco Centre retail and office property in the city's downtown area has had its appraised value lowered again, this time to $195 million—65% lower than the $558 million of mortgage...

Minneapolis/St. Paul Business Journal Scannell Properties has sold three industrial buildings totaling 428,016 square feet within the NorthPark Business Center in Brooklyn Park, Minn., for $63.5 million, or $148.36/sf. The buyer was not immediately known but is said...

Commercial Real Estate Direct Staff Report National average asking rents at multifamily properties declined in August by $1 to $1,755/unit, according to Yardi Matrix, culminating a seven-month streak of rate increases. Rents have risen by 2.6% since January, when...

Waterton has paid $89.5 million, or $340,304/unit, for the 263-unit Mason apartment property in Chicago's Fulton Market neighborhood. The local investment manager acquired the property from its developer, Marquette Cos. The purchase price was first reported by Crain's...

Commercial Real Estate Direct Staff Report Tarsadia Capital, which holds a 3.4% stake in Sunstone Hotel Investors Inc., is urging the Aliso Viejo, Calif., REIT to put its properties on the sale market or pursue a sale of...

Commercial Real Estate Direct Staff Report MG Properties has sold the 183-unit Canyon Villa Apartments in Chula Vista, Calif., for $73.75 million, or $403,005/unit. The buyer in the deal, which was brokered by Northmarq, could not be identified...

  Class Amt $mln Sub Level % Avg Life (yrs) Rating Moody's Rating Fitch Rating Mstar DBRS Price % Yield % Final Pricing (bp) Bnch mrk A-2 100.00 30.00 4.74 Aaa AAA AAA 99.99997 4.3565 +78 J-spread A-3...

Charlotte Business Journal A Blackstone affiliate has paid $101.8 million, or $101.80/sf, for the 1 million-square-foot industrial property at 12220 Carolina Logistics Drive in Pineville, N.C. The New York investment giant purchased the property from Beacon Partners of Charlotte,...

Crain's New York Business Pamera Real Estate Partners GmbH has paid $49.5 million, or $926.29/sf, for the 53,439-square-foot mixed-use property at 640 Broadway in the NoHo section of Manhattan. The Munich family office bought the 129-year-old building, with...

Silicon Valley Business Journal Nvidia has paid $83.2 million, or $665.60/sf, for the 125,000-square-foot office property at 2701 San Tomas Expressway in Santa Clara, Calif. The technology and artificial intelligence company acquired it from Sobrato of Mountain View,...

Orange County Business Journal Cress Capital has paid $41 million, or $190.82/sf, for the 214,858-square-foot office building at 1301 Dove St. in Newport Beach, Calif., about 44 miles south of Los Angeles. The local company acquired it from...

Commercial Real Estate Direct Staff Report Steerpoint Capital has paid $71.5 million, or $98.35/sf, for 727,000 square feet of the 1.1 million-sf Shoppes at Carlsbad shopping mall in the San Diego suburb of Carlsbad, Calif. The Los Angeles...

Commercial Real Estate Direct Staff Report Northmarq has provided $50.12 million of Freddie Mac financing against the 240-unit River House Apartment Homes in the Los Angeles suburb of Santa Ana, Calif. The 10-year loan, which amortizes on a...

The Real Deal JPMorgan Asset Management has tapped Newmark to sell the 552,000-square-foot office building at 125 West 55th St. in Manhattan's Plaza District and is shooting for $270 million, or $489.13/sf. The investment manager purchased the property...

Commercial Property Executive INDUS Realty Trust has paid $116.7 million, or $159.52/sf, for three industrial properties totaling 731,571 square feet in Tolleson, Ariz., about 13 miles west of Phoenix. The New York company acquired the properties from Link...

Commercial Observer Barings has provided $230 million of mortgage financing against a pair of office/retail buildings with 251,000 square feet in Manhattan's SoHo neighborhood. The buildings, at 520 and 524 Broadway, are owned by Northwoods Investors, which bought them...

Accesso Partners has exercised an option it previously negotiated to extend the term of the $143.87 million loan against the two-building IDS Center in downtown Minneapolis to next June. The Hallandale Beach, Fla., company had negotiated a term...

Commercial Real Estate Direct Staff Report A ballot measure that would institute statewide rent control at Massachusetts apartments moved one step closer to appearing on the 2026 ballot, as state attorney general Andrea Campbell certified the initiative last...

Storyboard Living has paid $20 million, or $156,250/unit, for the 128-unit Stoney Pines Apartments in Barnhart, Mo., about 27 miles south of St. Louis. The Fairview Heights, Ill., company purchased the property from its developer, Lorenzo LLC of...

Commercial Real Estate Direct Staff Report A venture between Rubenstein Partners and Vision Real Estate Partners has lined up a $100 million mortgage from Deutsche Bank against three office buildings totaling 518,620 square feet at the Warren Corporate...

Commercial Real Estate Direct Staff Report David Werner Real Estate agreed to pay $34 million, or $131.57/sf, for the 258,423-square-foot 5 Hanover Square office building in lower Manhattan. The investor then assigned its purchase contract to investor Samual...

Dallas Business Journal CIM Group has provided $132.5 million of financing against Santander Plaza in downtown Dallas, which is currently being repositioned as a mixed-use development. The Los Angeles investment manager, through its Real Estate Debt Solutions unit,...