United Properties has broken ground on the 255,250-square-foot first phase of the INOVA industrial project in the Denver suburb of Centennial, Colo. The Minneapolis company is constructing the five-building property next to Centennial Airport, near Arapahoe Road. Phase...

The 2 million-square-foot Worldwide Plaza office property in Manhattan is said to have had its appraised value slashed by more than 80% to $345 million. The appraisal reduction was first reported by Bisnow, which cited documents tied to...

Dwight Mortgage Trust has provided $110 million of financing against the 277-unit LC Line and Low apartment property in Charleston, S.C. The property, at 40 Line St., is near the terminus of Interstate 26 and next to the...

South Florida Business Journal Milestone Group has paid $46.35 million, or $225,000/unit, for Casa Brera at Toscana Isles, a 206-unit apartment property in Lake Worth Beach, Fla. The Dallas company bought the complex from Raia Capital Management of...

South Florida Business Journal Property Reserve, the real estate investment arm of the Church of Jesus Christ of Latter-Day Saints, has bought Del Ola apartment complex in Boca Raton, Fla., for $152.5 million, or $397,135/unit. The Salt Lake...

Charlotte Business Journal The Seminole Tribe of Florida Sovereign Wealth Fund's Real Estate Fund has bought the 290-unit Alexan District Mill apartment complex in Charlotte, N.C., for $82 million, or $282,759/unit. The company, commonly referred to as SemREF,...

Commercial Real Estate Direct Staff Report KPR Centers has acquired the Shoppes at Knollwood, a 451,700-square-foot retail center in St. Louis Park, Minn., a suburb of Minneapolis. The purchase price could not be learned immediately. Hennepin County assessed...

Commercial Observer A venture of Bozzuto and Invesco Real Estate has paid $147 million, or $323,788/unit, for the 454-unit Ashton at Dulles Corner apartment property at 13958 Mansarde Ave. in the Washington, D.C., suburb of Herndon, Va. The...

Crain's New York Business Bridge City Funding has provided $23.1 million of financing for the development of a 39-unit residential condominium property at 37-20 Crescent St. in the Long Island City section of Queens, N.Y. The loan was...

Commercial Real Estate Direct Staff Report An affiliate of Longpoint Partners has paid $71 million, or $492.40/sf, for the 144,192-square-foot Stetson Village retail property in the Phoenix suburb of Glendale, Ariz. The Boston investment manager purchased the property,...

Bisnow Foulger Pratt has paid $448 million for a portfolio of four apartment properties with 1,248 units in Washington, D.C. The Potomac, Md., developer bought the portfolio from AvalonBay Communities of Arlington, Va. The purchase price reflects a...

Affinius Capital has provided $92 million of financing for the construction of the 190-unit Aston Residences apartment property in Los Angeles. JLL Capital Markets arranged the loan on behalf of developer Helio Group of Los Angeles, which is...

Denver Business Journal A venture of Two Arrows Group, Spark & Halo, and OlivePoint Capital has paid $50.5 million for the 216-unit Stella on the Park apartment complex and the 24,985-square-foot Parkside @ City Center retail property in...

Houston Business Journal Hines Glob­al Income Trust has paid $137.6 million, or $727.23/sf, for the Montrose Collective, a 189,212-square-foot mixed-use development in Houston. The locally based REIT purchased the property from Radom Capital, also of Houston, which had...

Crain's Chicago Business Waterton is offering for sale the Grand Central, a 346-unit apartment property in Chicago's Loop neighborhood. The local investment manager hired Newmark to market the property, at 221 West Harrison St., which it purchased in...

Commercial Real Estate Direct Staff Report The venture that developed the 204-unit Mossdale Landing apartments in the northern California city of Lathrop has lined up a $51.5 million mortgage from an insurance company, allowing it to refinance the...

TF Cornerstone's acquisition of the 954,363-square-foot office component of Philadelphia's famed Wanamaker Building was done through an online auction. The New York developer purchased the property's $62.39 million CMBS loan in June for $25.16 million. The loan was securitized...

Commercial Real Estate Direct Staff Report The 247,183-square-foot office property at 1140 Ave. of the Americas in midtown Manhattan has been reappraised at a mere $17.2 million, just more than 17% of the $99 million balance of the...

FH One Investments has paid $29.5 million, or $265.09/unit, for the 111,281-square-foot office and research and development property at 109 and 1151 McKay Drive in San Jose, Calif. The Sausalito, Calif., company purchased the property in a deal...

Commercial Real Estate Direct Staff Report Piedmont Office Realty Trust signed 57 leases for 712,000 square feet of office space during the second quarter. While that compares with the 1.04 million sf it leased during the same period...

Commercial Real Estate Direct Staff Report DLM Real Estate LLC has paid $30.7 million, or $174,431/unit, for the 176-unit River Park apartments in Yuma, Ariz., about 24 miles north of the Mexican border. The El Cajon, Calif., investment...

Dallas Business Journal KBC Advisors has bought 3100 McKinnon St., a 226,344-square-foot office building in Dallas' Uptown neighborhood. The purchase price was not immediately known, but the 11-story property was valued for tax purposes at about $44.6 million,...

Crain's Chicago Business TLC Management has paid $100 million, or $340,136/unit, for the 294-unit Majestic Luxury Apartments in Vernon Hills, Ill., about 35 miles north of Chicago. The local investor purchased the property, at 1155 Museum Blvd., from...

White Oak Real Estate Capital has provided $51 million of financing against Times Square West, a two-building property with 144,000 square feet of office and retail space in Manhattan's Hell Kitchen neighborhood. The two buildings, at 303 West...

Commercial Real Estate Direct Staff Report Athene Annuity and Life Co. has provided $785 million of mortgage financing to help fund the purchase of the 1.1 million-square-foot office building at 590 Madison Ave. in midtown Manhattan. As reported, a...