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...

Commercial Real Estate Direct Staff Report PGIM Real Estate has provided $245 million of mortgage financing against 1700 Broadway, the 626,000-square-foot office property in midtown Manhattan. The property is owned by Rockpoint Group, which bought it in 2018 for...

Commercial Real Estate Direct Staff Report Sixth Street Partners has made an unsolicited offer to buy Plymouth Industrial REIT Inc., which owns a portfolio of 148 properties with 32 million square feet, for $24.10/share in cash, or $1.07...

South Florida Business Journal AvalonBay Communities has paid $98.28 million, or $364,000/unit, for the Solaire at Coconut Creek, a 270-unit apartment complex in Coconut Creek, Fla. The Arlington, Va., apartment REIT purchased the property from a venture of...

Mesa West Capital has provided $23.4 million of financing to fund DreamField Capital's acquisition of the 200-unit Nichols Park apartment property in Austin, Texas. DreamField, a Los Angeles investor, bought the apartments from an investor group led by...

Commercial Observer The City University of New York has paid $125.6 million, or $534,468/room, for 235 rooms on six floors at the former DoubleTree by Hilton hotel at 569 Lexington Ave. in Manhattan, with plans to use them...

Urban Edge Properties has lined up $123.6 million of financing against Shoppers World, the 758,000-square-foot shopping center at 1 Worcester Road in the Boston suburb of Framingham, Mass. JLL Capital Markets arranged the four-year, fixed-rate loan from Sumitomo...

Greystone Real Estate Capital has raised $103 million of investor commitments for its first-ever low-income housing tax credit fund. The Greystone unit, which was formed last year, raised capital from seven institutional investors in the financial and insurance...

Nuveen Real Estate has provided $38.4 million of mortgage financing against the 200-unit Lofts at Helmetta apartment property in the central New Jersey borough of Helmetta. The five-building complex, the site of the former G.W. Helme Snuff Mill,...

Affinius Capital has provided $76 million of mortgage financing against the 232-unit Monroe apartment property in the Los Angeles suburb of Monrovia, Calif. The nearly completed property, at 127 West Pomona Ave., is being developed by Adept Urban...

Citybiz An affiliate of CORE Investment Management has sold Palmetto Plaza, a 186,095-square-foot shopping center property in Miami Gardens, Fla., for $46 million, or $247.19/sf. It had paid $33 million for it in 2020. Marcus & Millichap brokered the...

Commercial Real Estate Direct Staff Report Spear Street Capital, which owns the 431,658-square-foot office property at 90 Hudson St. in Jersey City, N.J., said it will not subsidize debt-service payments for the building's $130 million CMBS loan. As...

Landesbank Baden-Wurttemberg and Tishman Speyer have provided a total of $119.2 million of mortgage financing against the 500 Forge St. building within the Arsenal Yards complex in the Boston suburb of Watertown, Mass. Landesbank provided $94 million of...

Commercial Real Estate Direct Staff Report With anchor tenant Shell Oil Co. having drastically reduced its footprint at the Hancock Whitney Center, the 1.25 million-square-foot former One Shell Square office building in downtown New Orleans, the property's owner...

  Class Amt $mln Sub Level % Avg Life (yrs) Rating Moody's Rating Fitch Rating MStarDBRS Price % Yield % Final Pricing (bp) Bnch mrk A-1 8.37 30.00 2.69 Aaa AAA AAA 99.99998 4.37124 +66 J-spread A-4 50.75...