Minneapolis/St. Paul Business Journal ExchangeRight Real Estate has paid $94.8 million, or $126.48/sf, for the 749,550-square-foot industrial property at 9800 217th St. West in Lakeville, Minn., about 29 miles south of Minneapolis. The Pasadena, Calif., investor acquired it...

Newmark has arranged $58 million of Fannie Mae financing against Everleigh San Clemente, a 150-unit apartment property in the Southern California city of San Clemente. The age-restricted property, completed in 2023, is owned by a venture of Greystar...

Washington Business Journal Credit Agricole Corporate and Investment Bank has filed a foreclosure lawsuit against the owner of the 284,352-square-foot office building at 1250 Connecticut Ave. NW in Washington, D.C. An affiliate of BGRE, the former Brookfield Properties,...

Boston Business Journal American Healthcare REIT has paid a combined $114 million for two seniors-housing communities with a total of 182 units in suburban Boston. The Los Angeles healthcare REIT acquired the properties from Berkshire Residential Investments of...

Tourmaline Capital has paid $44.1 million, or $114.80/sf, for South Sound Center, a 384,153-square-foot retail property in the Olympia, Wash., suburb of Lacey, Wash. The San Diego investment firm acquired the property, at 711 SE Sleater Kinney Road,...

Philadelphia Business Journal Harbert Management Corp. has lined up $40 million of financing against the Cogir of Glen Mills, a 173-unit seniors-housing community in Glen Mills, Pa., a suburb of Philadelphia. An undisclosed regional bank provided the five-year...

The average monthly cost to rent an apartment in the second quarter was $1,176 less than the average cost of owning a home, according to Newmark. The difference between the two costs has shrunk slightly since a year...

Crain's Chicago Business Digital Realty Trust is set to pay $90 million for the 108-acre Hawthorne Race Course at 3501 South Laramie Ave. in Stickney, Ill., about nine miles southwest of Chicago. The Austin, Texas, data-center operator is...

Washington Business Journal Ares Management has paid $34.4 million, or $270.87/sf, for a pair of self-storage properties totaling 127,000 square feet in Rockville, Md. The Los Angeles investment manager acquired the properties from Washington Property Co. of Bethesda,...

Houston Business Journal A venture of Cross Ocean Partners and Fuller Realty has acquired Eldridge Place, an 828,784-square-foot office campus in Houston. Cross Ocean, a Greenwich, Conn., asset manager, and Fuller, of Houston, purchased the three-building property from...

Commercial Real Estate Direct Staff Report The proposed sale of the 1.76 million-square-foot 1500 Market St. office building in Philadelphia is back on. A district court judge late last month denied a motion to block the 37-story building's sale...

Bill Silverstein, owner of Beal Properties of Chicago, has paid $20.4 million, or $208,163/unit, for the 98-unit apartment property at 1515 North Fremont St. in Chicago. Silverstein acquired the eight-story building from Jack Duncan, an executive at Thesis...

Bridge Partners has paid $47.5 million, or $243,589/unit, for Cascadia at Fairwood Landing, a 195-unit apartment property in the Seattle suburb of Renton, Wash. The Walnut Creek, Calif., investment manager acquired the property, at 14121 SE 177th St.,...

Commercial Real Estate Direct Staff Report Affinius Capital LLC has provided $177.25 million of mortgage financing against a pair of apartment properties with 409 units in Edgewater, N.J., and Yonkers, N.Y., that were acquired by a venture led...

A venture of Pyramid Management Group, Paolino Properties, and DW Partners has completed the $133 million purchase of the Providence Place Mall in Providence, R.I. The venture bought the property from Brookfield Property Partners' GGP unit in a...

Washington Business Journal Pantzer Property Management has paid $211.5 million, or $480,682/unit, for the 440-unit Witmer apartment building in the Washington, D.C., suburb of Arlington, Va. The Manhattan apartment owner acquired the property from Kimco Realty Corp. of...

Philadelphia Business Journal A venture of Namdar Realty Group, Mason Asset Management, and CH Capital Group is under contract to purchase the Willow Grove Park Mall in Willow Grove, Pa. The New York-based buyers are buying the property...

Boston Business Journal Oxford Properties Group has paid $435 million, or $870/sf, for One Marina Park Drive, a 500,000-square-foot office building in Boston. The Toronto real estate investor purchased the 18-story property from an affiliate of Clarion Partners...

Hamilton Zanze has paid $62.7 million, or $301,442/unit, for Seasons at Horsetooth Crossing, a 208-unit apartment property in Fort Collins, Colo. The San Francisco investment manager, which invests on behalf of its network of high net-worth investors, acquired...

Multi-Housing News An affiliate of BentallGreenOak, or BGO, has paid $160 million, or $531,561/unit, for the 301-unit Savanna at Reed's Crossing apartments in Hillsboro, Ore., about 14 miles west of downtown Portland, Ore. The Toronto investor acquired the...

Principal Financial Group has provided $32 million of mortgage financing against the Stop & Shop Plaza retail center in the Springfield Gardens section of Queens, N.Y. The loan, arranged by Northmarq's New York metro debt and equity team,...

Commercial Property Executive Travelers Club Luggage has paid $51.3 million, or $340.76/sf, for the GLP Mid-Counties Distribution Center, a 150,548-square-foot industrial property in Santa Fe Springs, Calif. The travel gear company acquired the property, at 13900 Carmenita Road,...

Jacksonville Business Journal Mesa Capital Partners has paid $60.5 million, or $209,343/unit, for the 289-unit Satori Town Center apartment complex in Jacksonville, Fla. The Atlanta investment firm acquired the four-story property from LivCor, a Blackstone affiliate. Walker &...

Charlotte Business Journal CBRE Investment Management has paid $134.7 million, or $145.96/sf, for North Charlotte Commerce Center, a 926,433-square-foot industrial park in Mooresville, N.C., about 32 miles north of Charlotte, N.C. The real assets investment manager purchased the...

Commercial Real Estate Direct Staff Report Demand from artificial intelligence and technology companies drove San Francisco's office vacancy rate lower by 630 basis points from a year earlier to 28.2% in the second quarter, according to Savills. Seven...