Intercontinental Real Estate Corp. has paid $69.5 million, or $555/sf, for the 125,233-square-foot Lakeland Town Center retail property in the Seattle suburb of Auburn, Wash. The Boston investment manager bought the fully leased property, on a 12.6-acre site...

Multi-Housing News Garibaldi Co. has paid $65.3 million, or $199,085/unit, for Waterfield Square, a 328-unit apartment property in Stockton, Calif. The local company bought the property, at 8035 Mariners Drive, from LivCor, a subsidiary of Blackstone, which bought...

Kathy Hochul, governor of New York, signed an executive order yesterday establishing a one-year moratorium on the development of data-center properties with power capacities of 50 megawatts or more. It's the first statewide ban to be passed in...

  Hines Global Income Trust has paid $70 million for the 183,308-square-foot Wicker Park Commons retail property at 1279 North Milwaukee Ave. in Chicago's The Houston non-traded REIT bought the property, housed on the street-level floor of a...

Wall Street Journal Airbnb Inc. is said to have purchased the 42,500-square-foot office building at 281 Park Ave. South in Manhattan's Midtown South submarket for $81.5 million, or $1,917/sf. The historic building, commonly known as the Church Missions...

Commercial Real Estate Direct Staff Report KPR Centers has paid $28.2 million, or $124.69/sf, for Westwood Town Center, a 226,155-square-foot retail center in Rocky River, Ohio, a western suburb of Cleveland. The New York investment manager acquired the...

Hines Global Income Trust Inc. has paid $151 million, or $733.71/sf, for the 205,803-square-foot 405 Colorado office building in Austin, Texas. The Houston REIT, whose shares do not trade on any exchange, bought the 25-story building, which includes...

Burton Property Group has paid $76 million, or $195/sf, for the 389,471-square-foot Vestavia Hills City Center retail property in the Birmingham, Ala., suburb of Vestavia Hills, Ala. The Mobile, Ala., developer, which started life as Smith's Bakery in...

Finmarc Management Inc. has sold the 83,300-square-foot Park East III flex-office building and a neighboring 6.4-acre parcel in the Washington, D.C., suburb of Chantilly, Va., to Pulte Homes for $26.36 million, or $316.45/sf. The single-story building is at...

Crain's Chicago Business Highland Real Estate Partners has paid $119 million, or $399,328/unit, for the 298-unit Exhibit on Superior apartment property in Chicago's River North neighborhood. The Ogden, Utah, investor acquired the property, at 165 West Superior St.,...

Puget Sound Business Journal BKM Capital Partners has paid $85.7 million, or $207.81/sf, for five industrial properties with 413,840 square feet in the Seattle suburbs of Kent and Tukwila, Wash. The Newport Beach, Calif., investment manager acquired the...

Commercial Real Estate Direct Staff Report The CMBS financing against the Harborplace retail property within Baltimore's Inner Harbor area has transferred to special servicer Midland Loan Services as it's not expected to be paid off by its maturity...

Commercial Real Estate Direct Staff Report Rise48 Equity has paid $21.7 million, or $200,925/unit, for the 108-unit Northern apartment property in Phoenix. The Scottsdale, Ariz., investment manager bought the property, the former Solano Pines at 17840 North Black...

New York Life Insurance Co. and PGIM Real Estate have provided $332 million of senior and mezzanine financing against the 800-unit NEMA Chicago apartment building across from Grant Park in Chicago. New York Life provided $275 million of...

Boyd Wilson LLC has paid $97 million, or $252,604/unit for the 384-unit Landings apartment property in Bethlehem, Pa. The Lancaster, Pa., investment manager purchased the property, at 1818 Catasauqua Road, from an investor group, Valley Park South LLC....

Crain's Chicago Business Acadia Realty Trust is offering for sale the five retail buildings with 103,526 square feet at 2731 North Clark St. and 639, 662, 613-623 and 651-671 West Diversey Parkway in Chicago. The New York REIT...

Netflix Inc. has struck a deal to pay about $400 million for the Radford Studio Center television production studio in Los Angeles. The Los Gatos, Calif., entertainment company would be buying the 1.13 million-square-foot property, the former CBS...

A venture of Eagle Real Estate Partners and Vistria Group has paid $132.5 million, or $329,601/unit, for the 402-unit Crystal View Apartments in the Los Angeles suburb of Garden Grove, Calif. The venture - Eagle is based in...

JPMorgan Chase Bank has provided a $160 million credit facility for Safely Store Self Storage, which is backed by Caisse de depot et placement du Quebec, or simply La Caisse. The facility, arranged by JLL Capital Markets, is...

ConnectCRE Wells Fargo Bank has provided $125 million of financing against Larimer Square, a 513,000-square-foot mixed-use property in downtown Denver that's owned by Asana Partners of Charlotte, N.C., which bought it in 2020 for $92.5 million. The four-story...

Goodwill Industries International has paid $19.75 million, or $179/sf, for the 110,330-square-foot office building at 761 Wheaton St. in Savannah, Ga. The five-story building was purchased from an investor group led by Margaret Bowen of Alpharetta, Ga., which...

Crain’s Chicago Business A venture of Glenstar Properties and investor Patrick Halloran has taken title to the 966,924-square-foot office building at 500 West Monroe St. in Chicago through a deed in lieu of foreclosure. The venture previously purchased...

Dwight Mortgage Trust has provided $183 million of financing for the construction of a 530-unit apartment property in the northern California city of Gilroy. The loan is the largest construction loan ever originated by the company, the mortgage...

Philadelphia Inquirer The proposed sale of the 1.76 million-square-foot office building at 1500 Market St. in downtown, or Center City Philadelphia, evidently has fallen apart. The 37-story building, commonly referred to as Centre Square, backs a $368 million...

Commercial Real Estate Direct Staff Report The 2.78 million-square-foot Aon Center office property in Chicago has been re-appraised at a value of $195 million. It marks the third time the 83-story building - the third tallest in the...