Commercial Real Estate Direct Staff Report JPMorgan Investment Management Inc. has paid $243.5 million, or $518,535/unit, the 418-unit Riverbank apartment property in Manhattan's Hell's Kitchen neighborhood. The investment manager bought the property from Barings LLC's RB Apartments operation,...

UBS' Unified Global Alternatives operation has made a $30 million investment in the 767-unit 20 Exchange Place apartment property in Manhattan's Financial District. The property is owned by a venture of Dermot Co. and Dutch pension fund PGGM,...

Commercial Real Estate Direct Staff Report CONAM has acquired Reverb at Spring Valley, a 180-unit apartment property in Las Vegas. The purchase price could not be learned immediately. The San Diego investment manager, formed in 1975 as a...

Parkview Financial has provided $64 million of financing for the construction of the 248-unit Haven + Arrow apartment complex in Rancho Cucamonga, Calif. Westport Construction of Monrovia, Calif., is building the property at 8500 Haven Ave., about 40...

Puget Sound Business Journal BentallGreenOak has paid $176 million, or $233.73/sf, for a 753,000-square-foot industrial building at 6921 192nd St. East in Frederickson, Wash. The Miami investment firm acquired the property from its developers, Panattoni and Crow Holdings,...

Biloxi Sun Herald CBL Properties has sold The Promenade shopping center in the Biloxi, Miss., suburb of D’Iberville, Miss., for $83.1 million, or $133.82/sf. The Chattanooga, Tenn., REIT sold the 621,000-square-foot retail property to an unidentified investor. The...

Commercial Real Estate Direct Staff Report An affiliate of KKR & Co. has provided $79.03 million of mortgage financing against the 253-unit Cortland Biltmore apartment property in Phoenix. The financing pays a fixed-rate coupon and was secured on...

Commercial Real Estate Direct Staff Report A venture of Agus Holdings and Treeco has paid $40 million, or nearly $182/sf, for the 219,848-square-foot Golden Acres shopping center in the New York suburb of South Plainfield, N.J. The venture—both...

  Class Amt $mln Sub Level % Avg Life (yrs) Rating Moody's Rating Fitch Rating Kroll Price % Yield % Final Pricing (bp) Bnch mrk A-1 0.56 30.00 2.29 Aaa AAA AAA 99.99931 4.61249 +80 J-spread A-2 115.00...

Commercial Real Estate Direct Staff Report Hillwood has paid $44.5 million, or $172.43/sf, for Blue Cactus Logistics, a 258,075-square-foot industrial property in Surprise, Ariz., a city that's 19 miles northwest of Phoenix. The Dallas company bought the property,...

DiamondRock Hospitality Co. has extended the maturity dates of a $1.2 billion credit facility it has and negotiated an increase in its size, to $1.5 billion. It will use the $300 million of extra credit to pay off...

South Florida Business Journal An affiliate of CGI Merchant Group, which owns the 140-room Park Central Hotel in Miami Beach, Fla., has been hit with a foreclosure suit. CGI 640 Ocean Management paid $81.45 million for the property...

Atlanta Business Chronicle Invesco Real Estate has bought Georgia Crossing, a 317,000-square-foot retail property in Buford, Ga., for $82.25 million, or $259.46/sf. The Atlanta company purchased the shopping center from Washington Prime Group in a deal brokered by...

Commercial Real Estate Direct Staff Report The Boston area recorded 2 million square feet of office leasing during the second quarter, down from the 2.3 million sf that was leased a year ago, according to Newmark. But the...

San Francisco Business Times Lakeside Group has paid $97.5 million, or $401,234/unit, for the Grand, a 243-unit apartment property in Oakland, Calif. The local investor acquired the property, at 100 Grand Ave., from its developer, Essex Property Trust,...

Ardent Cos. has launched capital raising for its latest debt-focused real estate fund. The Atlanta investment manager, which earlier this year launched a $150 million fund targeting self-storage properties, is aiming to raise $600 million for Ardent Financial...

Commercial Real Estate Direct Staff Report Regency Centers Corp. has paid $357 million for a portfolio of five retail centers totaling 682,300 square feet in the Southern California community of Ladera Ranch, midway between Los Angeles and San...

Commercial Real Estate Direct Staff Report Storage Post has paid $30 million, or $403.22/sf, for the 74,400-square-foot self-storage property at 491 Bergen St. in the Prospect Heights section of Brooklyn, N.Y. The property is one of three that...

Commercial Real Estate Direct Staff Report Banyan Street Capital, which previously had purchased the $122.5 million defaulted loan against the 914,774-square-foot Atlanta Financial Center complex, has taken over the property and lined up a $42 million loan to...

Commercial Real Estate Direct Staff Report The $175 million of CMBS debt against Beverly Connection, a 346,023-square-foot retail center in Los Angeles, has been extended through next July. The loan, which had matured last August, is scattered among...

Bridge Logistics Properties has paid $83.5 million, or $250.91/sf, for a portfolio of three industrial properties totaling 332,793 square feet in Fontana, Calif. The New York investment manager acquired the properties from an unnamed seller. The portfolio consists...

Commercial Real Estate Direct Staff Report An affiliate of Pillar Communities has paid $76 million, or $395,833/unit, for Huxley Scottsdale, a 192-unit apartment property in Scottsdale, Ariz. The Phoenix company purchased the property, at 8555 East Raintree Drive,...

Regent Properties has paid $33.5 million, or $507,575/unit, for the 66-unit TENTEN Glendale apartment property in the Los Angeles suburb of Glendale, Calif. The Los Angeles investment manager purchased the property from its developer, Amidi Group of Redwood...

New York Business Journal Storage Post has paid $60 million, or $600/sf, for the 100,000-square-foot self-storage facility at 473 Amsterdam Ave. on Manhattan's Upper West Side. The Atlanta company acquired the property from Sofia Brothers, which had owned...

Washington Business Journal A venture of Kisco Senior Living and Welltower Inc. has paid $44 million, or $301,369/unit, for the 146-unit Seneca senior-living property in the Washington, D.C., suburb of Rockville, Md. The venture bought the four-year-old property,...