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...

Commercial Observer JPMorgan Chase Bank and Citigroup have provided $130 million of financing for MKF Realty's $205 million, or nearly $1,192/sf, acquisition of the 172,000-square-foot office property at 512 West 22nd St. in the Chelsea section of Manhattan....

Bloomberg Naftali Group has paid $810 million, or $3,894/unit, for 800 Fifth Ave., a 208-unit apartment property overlooking Central Park in Manhattan. The developer acquired the property from Spitzer Enterprises and Winter Properties. It's funding its acquisition with...

Commercial Real Estate Direct Staff Report The Jericho Plaza office property in the Long Island, N.Y., town of Jericho could be offered for sale by its receiver. The CMBS trust that holds a $149.18 million loan against it...

Dwight Mortgage Trust has provided $34 million of short-term financing against the newly developed 67-unit apartment building at 170 Freeman St. in the Greenpoint section of Brooklyn, N.Y. The loan allowed the property's owner, Green Street Group, to...

Multi-Housing News FAVO Capital has bought 1818 Park, a 273-unit apartment building in Hollywood, Fla., for $190 million, or $695,971/unit. The Fort Lauderdale, Fla., finance company purchased the property from its developer, GCF Development of Hollywood, which will...

Commercial Real Estate Direct Staff Report Morgan Stanley has provided a $96 million loan against the Motto, the 264-unit apartment property at 2455-2457 3rd Ave. in the Mott Haven section of the Bronx, N.Y. The five-year loan, arranged...

REBusiness Online A venture of Merion Realty Partners and Eastham Capital has paid $82.4 million, or $123,723/unit, for a pair of apartment properties with 666 units in the Albany, N.Y., suburb of Clifton Park, N.Y. Solomon Organization of...

Commercial Real Estate Direct Staff Report Priority Capital Advisory has arranged a $26.6 million loan from Ardent Cos. against the 467,609-square-foot Two Westlake Park office building in Houston's Energy Corridor. The loan allows the property's owner, Younan Properties...

Houston Business Journal MetroNational has bought 990 Town and Country Blvd., a 442,042-square-foot office building in Houston. The local company purchased the 15-story property from ConocoPhillips, also of Houston, in a deal brokered by JLL. The purchase price...

Commercial Real Estate Direct Staff Report The 1000 Wilshire Blvd. office property in Los Angeles has been reappraised at a value of only $60.5 million, less than half the $128.38 million of senior and subordinate debt against the...

Commercial Real Estate Direct Staff Report Morgan Stanley, Bank of Montreal, Goldman Sachs, and JPMorgan Chase Bank have provided $1 billion of mortgage financing against the 1.13 million-square-foot Fan Pier office property in the Seaport section of Boston....

Commercial Real Estate Direct Staff Report Moody's Ratings has again downgraded bonds from the CMBS deal that holds a $277.1 million mortgage against the Wells Fargo Center, a 1.2 million-square-foot office building in Denver. It has placed its...

  Class Amt $mln Sub Level % Avg Life (yrs) Rating Fitch Rating Moody's Rating MStarDBRS Price % Yield % Final Pricing (bp) Bnch mrk A-1 5.28 30.00 2.56 AAA Aaa AAA J-spread A-2 135.00 30.00 4.85 AAA...

Commercial Real Estate Direct Macerich Co., which previously had planned to offer its South Plains Mall in Lubbock, Texas, for sale, has changed its mind and is now aiming to get the maturity date of the property's $200...

The Real Deal A venture of Lincoln Property Co. and Cross Ocean Partners has paid $70 million, or $107.69/sf, for the leasehold interest in 470 Vanderbilt Ave., a 650,000-square-foot office building in downtown Brooklyn, N.Y. The venture acquired...

M.C. Dean has leased 152,491 square feet at the Carmel Church Business Center, a 325,500-sf industrial property in the Richmond, Va., suburb of Ruther Glen, Va. The property, at 11174 Enterprise Parkway, is owned by a venture of...

A venture of Vista Investment Group and Sky Alps Capital has paid $35.2 million for a portfolio of three apartment properties with 215 units in downtown Seattle. The venture bought the three properties from local investor John Stephanus...

Jacksonville Business Journal Savlan Capital has bought a portfolio of seven office and flex buildings totaling more than 765,000 square feet in Jacksonville, Fla., for $52 million, or $67.97/sf. JLL brokered the sale. The seller was not immediately known....

Vornado Realty Trust has lined up a $120 million mortgage against the 204,000-square-foot 4 Union Square South retail property in Manhattan. The 10-year loan pays a fixed coupon of 5.64% and will be used to retire a $120 million...

Atlanta Business Chronicle Provident Realty Advisors Inc. has paid $40.2 million, or $154.62/sf, for the 260,000-square-foot light industrial office building at 3000 Marconi Drive in Alpharetta, Ga. The Dallas company bought the property from JDM Partners of Phoenix, which...