Commercial Real Estate Direct Staff Report S2 Capital, a Dallas investment manager that has focused on the value-add multifamily sector since its founding in 2012, is making a big bet on the industrial sector. The company is buying...

Bank OZK has provided $58 million of senior financing while PGIM Real Estate has provided $24 million of mezzanine debt to fund the development of the 464-unit Resia North City apartment property in Fort Worth, Texas. The financing...

Puget Sound Business Journal Kennedy Wilson has paid $80.4 million, or $322,891/unit, for the 249-unit Pratt Park Apartments in Seattle. The Beverly Hills, Calif., investment manager purchased the property from Security Properties and Rockwood Capital, which bought it...

South Florida Business Journal Olympus Property has bought Fifteen Miami, a 132-unit apartment complex in Miami for $45.9 million, or $347,727/unit. The Fort Worth, Texas, company purchased the nine-story property from an affiliate of Premium Development of Australia....

South Florida Business Journal An affiliate of Martinez Distributors has bought the recently completed 171,178-square-foot warehouse property at 11000 West 36th Ave. in Hialeah, Fla., for $52.89 million, or $308.98/sf. The locally based food distribution company purchased the industrial building,...

Greystone has provided $166.25 million of Freddie Mac financing against the 388-unit Core at Station Yards apartment property in the Long Island, N.Y., hamlet of Ronkonkoma. The 10-year loan allowed the property's developer, a venture of Tritec Real...

South Florida Business Journal DRA Advisors has paid $73.53 million, or $279,582/unit, for Modera Skylar, a 263-unit apartment property in Miami. The New York investment manager purchased the complex from a venture of Mill Creek Residential of Boca...

Connect CRE Clark Ventures has bought Park at the Hill, a 296-unit apartment complex in Atlanta for $69.5 million, or $234,797/unit. The Atlanta multifamily investor purchased the 11-building property from a fund affiliated with Broadtree Real Estate, a New...

A venture of AEW Capital Management, Mack Real Estate Group, and Soundwater Properties has paid $31.44 million, or nearly $243.50/sf, for the 129,150-square-foot Disston Plaza retail property in St. Petersburg, Fla. The venture bought the property, anchored by...

Commercial Real Estate Direct Staff Report Harbor Group International LLC has struck a deal to buy five apartment properties with 2,719 units in New England from Apartment Investment and Management Co. for $740 million. The Norfolk, Va., investment...

Meta Housing Corp. has sold the 141-unit Burbank Senior Artists' Colony age-restricted apartment complex in Burbank, Calif., for $31.5 million, or $223,404/unit. The Los Angeles company sold the property, at 240 East Verdugo Ave., to a Los Angeles...

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...