Commercial Real Estate Direct Staff Report Litwin Management has paid $46.35 million, or $789.25/sf, for Paradise Esplanade, a 58,727-square-foot shopping center in Las Vegas. The Los Angeles company purchased the property, at 4480 Paradise Road, from a Los...

Commercial Real Estate Direct Staff Report Professionals in the commercial real estate finance industry have become optimistic again, following the deep funk they were in at the start of April, as the Trump Administration announced its imposition of tariffs...

Sentinel Real Estate Corp. has paid $148.4 million, or $452,439/unit, for the 328-unit Venue at Orange apartment property in the Southern California city of Redlands, Calif. The New York investment management firm purchased the property, at 1610 Orange...

Commercial Real Estate Direct Staff Report Copper Property CTL Pass Through Trust, which was formed in 2020 by retailer JCPenney's secured lenders as a result of its bankruptcy, has struck a deal to sell 119 store locations for...

Crain's Chicago Business ArentFox Schiff is reducing the amount of office space it leases at Chicago's Willis Tower to 75,000 square feet from 168,507 sf. As part of its new deal, the law firm will extend its lease...

MF1 Capital LLC has provided $131.1 million of mortgage financing against the 390-unit third and fourth phases of the Riverwalk apartment property in the northern New Jersey borough of Elmwood Park. The loan, with a fully extended term...

Hamilton Point Investments has paid $57.4 million, or $191,333/unit, for the 300-unit Bridgewater Grand apartment complex in Lakeland, Fla. The Old Lyme, Conn., investment manager purchased the three-story property from TrimCor, which had developed it 2021. Berkadia arranged the...

Orlando Business Journal An affiliate of AgReserves is offering for sale the 38,654-square-foot data-center property at 17401 Wewahootee Road in Orlando, Fla., with an asking price of $50 million, or $1,294/sf. The Salt Lake City agriculture investment company...

Tampa Bay Business Journal Strategic Property Partners has lined up a $110 million loan against the Asher, a 490-unit apartment building in Tampa, Fla. The local developer borrowed the five-year, fixed-rate loan from PGIM Real Estate of Newark,...

WSW Property Ventures has paid $35 million, or $307,017/unit, for Huntington Breeze, an age-restricted apartment property with 114 units in Huntington Beach, Calif. The Tarzana, Calif., investment firm purchased the property, at 16171 Springdale St., from Bascom Group...

Commercial Real Estate Direct Staff Report Mesa West Capital has provided $52 million of floating-rate financing against the 256-unit Canyon Reserve at the Ranch apartment complex in the Denver suburb of Westminster, Colo. Crow Holdings of Dallas owns...

Orlando Business Journal SITE Centers Corp. is selling Winter Garden Village, a 1.1 million-square-foot retail property in the Orlando, Fla., suburb of Winter Garden, Fla., for $165 million, or $150/sf. The Beachwood, Ohio, REIT is said to be...

PGIM Real Estate has sold a portfolio of 10 retail properties with 1.07 million square feet for $395.5 million to a venture of 11North Partners and Bain Capital. Nine of the properties in the portfolio are in Florida...

Houston Business Journal Brixmor Property Group Inc. has paid $223 million, or $540.08/sf, for LaCenterra at Cinco Ranch, at 412,900-square-foot retail and office complex in the Houston suburb of Katy, Texas. The New York REIT bought the property...

Dallas Business Journal Cousins Properties Inc. has bought the Link at Uptown, a 292,000-square-foot office building in Dallas for $218 million, or $746.58/sf. The Atlanta REIT purchased the 25-story property from its developer, Kaizen Development Partners of Dallas,...

Commercial Real Estate Direct Staff Report Axiom Properties Inc. has paid $27.4 million, or $144,210/unit, for Landing of Clinton, a 190-unit apartment complex in Clinton, Iowa, on the western shore of the Mississippi River. The Lincolnshire, Ill., company...

PCCP has provided $65 million of mortgage financing against the 197-unit apartment building at 40-50 Pearson St. in the Long Island City area of Queens, N.Y. The loan allowed the 11-year-old property's developer and owner, L+M Development Partners,...

The Real Deal Tishman Speyer is close to selling the 300,000-square-foot Maple Plaza office property in Beverly Hills, Calif., for $200 million, or $666.67/sf. The buyer could not yet be identified. Tishman, of New York, acquired the property,...

Commercial Real Estate Direct Staff Report JLL has provided $44.24 million of Freddie Mac mortgage financing to facilitate Prime Residential’s purchase of the 147-unit Citra apartment property in the Silicon Valley city of Sunnyvale, Calif. Prime Residential, of...

Ashkenazy Acquisition Corp. has acquired the 374,000-square-foot Shops at Atlas Park retail center in the Glendale area of Queens, N.Y. The New York investor, which owns more than 15 million sf of real estate in the United States...

EQ Housing Advisors Inc. has partnered with Atlantica Properties to pay $39 million, or $182,243/unit, for the 214-unit 12th & James apartment property in Atlanta. The venture - both EQ Housing and Atlantica are headquartered in Atlanta and...

Nuveen has provided $105 million of mortgage financing against the 805 Lea, a 356-unit apartment building with 10,203 square feet of retail space in downtown Nashville, Tenn. The three-year loan, which can be extended by up to two...

Mesa West Capital has provided $56.62 million of mortgage financing against the 300-unit Easton Riverview apartment property in the Tampa, Fla., suburb of Ruskin, Fla. The loan, with a three-year term, was arranged by Berkadia. It allowed the...

Crain’s Chicago Business A venture led by Pacific Life Insurance is offering for sale the 275-unit Milieu apartments in Chicago. JLL was hired to market the property, at 205 South Peoria St., in the city’s West Loop neighborhood....

Gem Realty Capital has paid $79 million for an equity stake in the 450,000-square-foot Axis Park North research and development property in the Boston suburb of Billerica, Mass. The Chicago investment manager bought its stake from a venture...