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...

Fortress Investment Group has provided $59.7 million of mortgage financing against the 287-unit Ellipse Urban Apartments in Hampton, Va. JLL Capital Markets arranged the floating-rate financing. The property, built in 2021 at 2001 Commerce Drive, near Joint Base...

Barings has formed a venture with Brennan Investment Group that will target industrial outdoor storage, or IOS, properties across the country. The Charlotte, N.C., investment manager, with more than $456 billion of assets under management in seven strategies,...

Bisnow The venture that held a subordinate piece of the financing used to build the 400,000-square-foot office property at 141 Willoughby St. in downtown Brooklyn, N.Y., has taken over the property through foreclosure. The venture, Capstone Equities and...

Commercial Real Estate Direct Staff Report Investment-sales volumes this year through June increased by 13% from last year to $96.9 billion. That excludes entity-level transactions, such as Blackstone's acquisition of Retail Opportunity Investments Corp. in a nearly $4 billion...

Dwight Capital has provided $48.3 million of mortgage financing, under the U.S. Department of Housing and Urban Development's 223(f) program, against the 215-unit Plaza at Pikes Peak apartment property in Colorado Springs, Colo. The property, at 702 East...

The real estate credit arm of investment manager TPG has provided $169.7 million of mortgage financing against a pair of apartment properties with 572 units in Portland, Ore. The three-year loan was arranged by JLL Capital Markets. It's...

Gelt Venture Partners has paid $40 million, or $434,782/unit, for the 92-unit Commodore apartment complex in the San Diego suburb of National City, Calif. The Los Angeles investment manager, which specializes in the apartment and self-storage sectors, purchased...

MCA Realty Inc. funded its $30.7 million purchase of the 106,311-square-foot industrial building at 2270 Camino Vida Roble in Carlsbad, Calif., with a $21.2 million mortgage that was arranged by Northmarq. The Santa Ana, Calif., investment firm purchased...

The Independence Mall in Wilmington, N.C., has been purchased by 4th Dimension Properties, according to WECT News. The Hollywood, Fla., mall owner, founded in 2019 by by Felix Reznick, a long-time real estate attorney, bought the 46-year-old property,...

Carlyle Group has completed capital-raising, reaching $9 billion of commitments, for its latest real estate opportunity fund, Carlyle Realty Partners X. The fund, which had an $8 billion target and $10 billion hard cap, is a follow-up to...

The Real Deal Vornado Realty Trust has placed the 543,000-square-foot office building at 150 East 58th St. in midtown Manhattan on the sales block and is aiming for a price of $250 million, or just more than $460/sf....

Commercial Real Estate Direct Staff Report An affiliate of Covenant Capital Group has paid $109.5 million, or $276,515/unit, for the 396-unit Country Brook Apartments in the Phoenix suburb of Chandler, Ariz. The Nashville, Tenn., investment manager acquired the...

The Real Deal ECA Capital Ltd. has sold the 28,000-square-foot retail property at 338 North Rodeo Drive in Beverly Hills, Calif., for $400 million, or $14,285/sf. The buyer of the property has not been identified yet. ECA Capital,...

Commercial Real Estate Direct Staff Report Langdon Park Capital has paid $21 million, or $250,000/unit, for the 84-unit Pacific Trails apartment property in the Los Angeles suburb of Covina, Calif. The Los Angeles investment manager bought the property,...

Triad Business Journal Olive Point Capital has bought the DRT3 Amazon warehouse property in Raleigh, N.C., for $44 million, or $339.77/sf. The Los Angeles company purchased the 129,500-square-foot industrial building from its developer, Merus of Cincinnati, formerly known...

Commercial Real Estate Direct Staff Report Keystone Property Group has sold the 137,021-square-foot 1200 Corporate Place office building in Boca Raton, Fla., for $31.4 million, or $233.03/sf. The Philadelphia-area investment manager had purchased the four-story building in 2011,...