SL Green Realty Corp. has agreed to sell its 25 percent stake in 347,000 square feet of office, retail and parking space at Tower 46, a 425,000-sf mixed-use building at 55 West 46th St. in Manhattan. Brookfield Asset...

FPA Multifamily LLC has acquired the 412-unit Trilogy Apartments in St. Louis. The San Francisco investor purchased the property from Freeman Webb Co. for $36.5 million, or $88,592/unit, according to the St. Louis Business Journal. Freeman Webb, which...

Philip Galligan has joined JLL Capital Market's Chicago office as a director charged with arranging debt and equity for the company's clients. He joins JLL from Meridian Capital Group where he was a director. He previously was with...

Commercial Real Estate Direct Staff Report Square One Mall, a 928,667-square-foot enclosed retail property in the Boston suburb of Saugus, Mass., has had its appraised value slashed by 75 percent, to only $50.5 million. The latest appraisal, highlighted...

CoastalView.com Montana Avenue Capital has sold the 121,230-square-foot Enclave at Carpinteria office building in Carpinteria, Calif., to an undisclosed Los Angeles investor for $44 million, or $362.95/sf. The property, at 6303-6309 Carpinteria Ave., is encumbered by a $28.9...

Commercial Real Estate Direct Staff Report Alexandria Real Estate Equities Inc. was able to increase rents on lease renewals last year by 18.3 percent to $46.53/sf, marking the largest increase in that metric in 10 years. The Pasadena,...

Commercial Real Estate Direct Staff Report Invictus Real Estate Partners has paid $69.5 million, or $351,010, for two apartment properties with a total of 198 units that are across from each other in Norwalk, Conn. The two properties,...

Commercial Observer Goldman Sachs has provided $190 million of financing against a 1,379-unit apartment project in the Bronx, N.Y. The loan allowed the property’s developer, Brookfield Property Partners, to retire $96.2 million of debt that HSBC Bank had...

Commercial Real Estate Direct Staff Report Sunstone Hotel Investors Inc. has turned over the 460-room Hilton Times Square hotel in Manhattan to its CMBS lender in a deed-of-lieu foreclosure. The property, in the 20 top floors of the...

RM Communities, an affiliate of crowdfunding platform RealtyMogul, has paid $24.9 million, or $194,531/unit, for the 128-unit Turtle Creek apartments in St. Louis. The Los Angeles company bought the property from Highgate Capital Group, which was represented by...

Dwight Capital has provided $80.72 million of financing under the U.S. Department of Housing and Urban Development's section 223(f) program for a pair of neighboring apartment properties in Virginia Beach, Va. The New York lender, among the country's...

Commercial Real Estate Direct Staff Report A venture of Miller Global Properties LLC and Principal Real Estate Investors has acquired the 304,059-square-foot office building at 4600 South Syracuse in Denver. Miller, of Denver, and Principal Real Estate Investors,...

PCCP LLC has provided $86.3 million of senior financing to facilitate Madera Residential's purchase of the Domain and Lofts, with a total of 620 apartment units at the CityCentre mixed-use complex in Houston. Madera, a Lubbock, Texas, apartment...

A venture of Koch Real Estate Investments and Fontainebleau Development has taken title to the Drew Las Vegas, an under-construction hotel-casino resort that was to have nearly 3,900 hotel rooms and residential condominium units, 180,000 square feet of...

Commercial Observer KKR has provided $375 million of financing against the 726,000-square-foot Center Plaza office property in Boston. The loan allowed the property’s owner, a venture of Synergy Investment and BentallGreenOak, to retire $246.1 million of debt that...

Commercial Observer DekaBank has filed to take over the 655-room New York Marriott East Side Hotel at 525 Lexington Ave. in Manhattan, which backs a $53 million loan it holds. It filed a complaint this week in Manhattan...

Greystone has provided $23.9 million of financing under the U.S. Department of Housing and Urban Development's section 223(a)(7) for the 220-unit Hubbard Hill Retirement Community in Elkhart, Ind. The 30-year loan allowed Hubbard Hill, a non-profit, to retire...

Trion Properties has lined up $52.6 million of mortgage financing from Freddie Mac for four apartment properties with 365 units in the Portland, Ore., area. The Los Angeles investment manager had acquired the four properties in 2017 and...

The Real Deal CIBC has filed a foreclosure suit against the owner of the 95-room AKA United Nations Hotel in Manhattan. The suit, filed this week in New York State Supreme Court, alleges that a venture led by...

Wall Street Journal Vornado Realty Trust is looking to take full control of Manhattan's 1290 Avenue of the Americas and San Francisco's 555 California St. The New York REIT, which owns a 70 percent stake in both office...

Commercial Real Estate Direct Staff Report The volume of CMBS loans in special servicing declined again in January, to $52.5 billion from $52.95 billion a month earlier, according to Trepp LLC. While the decline was small - 0.85...

Charlotte Business Journal An affiliate of Carter Multifamily has paid $57.5 million, or about $184,295/unit, for the Station at Poplar Tent apartments in Concord, N.C. An affiliate of Tynes Development of Birmingham, Ala., sold the 312-unit property, which...

Charlotte Business Journal An affiliate of Atlantic Pacific Cos. has bought the Preserve at Mountain Island Lake, a 240-unit apartment property in Charlotte, N.C., for $44.3 million, or about $184,583/unit. The Boca Raton, Fla., company bought the complex,...

MBK Real Estate and Rockefeller Group, a venture that just recently completed construction of the 297,161-square-foot Fontana Santa Ana Industrial Center in Fontana, Calif., has sold the San Bernardino County property for $54 million, or nearly $182/sf. The...

AZ Big Media Tides Equities has paid $54.25 million, or $145,053/unit, for the 374-unit Crosswinds Apartments in Chandler, Ariz. The Los Angeles investor purchased the two-story property from Emma Capital Investments, which had paid $22 million for it...