Investment manager Savanna, which pursues opportunistic and value-add strategies, has sold a minority interest in itself to TK Partners, an investor group led by Hodes Weill & Associates affiliate Tunbridge Investment Partners. Terms of the transaction weren't disclosed....

Commercial Real Estate Direct Staff Report JBG Smith is well on its way to reaching its goal of $700 million in asset sales this year. The Chevy Chase, Md., REIT already has sold $237.2 million of office properties...

Commercial Real Estate Direct Staff Report Pacific Investment Management Co., commonly referred to as Pimco, has raised nearly $700 million for its debut mortgage-origination fund. The Los Angeles investment manager long has invested in loans, including distressed debt,...

Commercial Real Estate Direct Staff Report The Liberty Plaza retail center in Philadelphia's Parkwood neighborhood has sold for $10.2 million, resulting in a whopping $42.8 million loss to JPMorgan Chase Commercial Mortgage Securities Corp., 2007-LDP12, the CMBS trust...

Rreef Property Trust Inc. has paid $20.7 million for three warehouses with 289,919 square feet in Miami. The non-traded REIT, sponsored by the real estate investment arm of Deutsche Asset and Wealth Management, acquired the properties from TA...

Starwood Property Trust has provided $71 million of financing to facilitate the $79.7 million, or $290,876/unit, acquisition of the 274-room Hilton Eugene hotel near the University of Oregon's Eugene, Ore., campus. The property was purchased by AJ Capital...

Bank OZK, the former Bank of the Ozarks of Little Rock, Ark., has provided $28.5 million of nonrecourse financing for the construction of a pair of Hilton-branded hotels with a combined 218 rooms in Fort Lauderdale, Fla. The...

Monmouth Real Estate Investment Corp. has paid $47.1 million, or $177.80/sf, for 6850 Weber Blvd., a 265,318-square-foot industrial property in North Charleston, S.C., that's net leased to a unit of FedEx Corp. The property was developed last year,...

Kennedy Wilson has named Mary Ricks, a 28-year veteran of the Beverly Hills, Calif., investment management company, to the newly created post of president. She'll continue to oversee the company's European operations, which she has done since 2011....

Cress Capital has paid $89.5 million, or $193.80/sf, for five office buildings with 461,794 square feet in the Cerritos Towne Center mixed-use development in the Los Angeles suburb of Cerritos, Calif. The Newport Beach, Calif., investment firm bought...

Commercial Real Estate Direct Staff Report KKR Real Estate Finance Trust Inc. funded three loans totaling $729 million in the second quarter, its highest quarterly volume ever. Since then, the New York REIT, which was launched in 2014...

BKM Capital Partners has paid $84.75 million, or nearly $280/sf, for the Backlot Burbank, a 12-building industrial property with 302,869 square feet in Burbank, Calif. The Newport Beach, Calif., investment manager acquired the property from a venture of...

Kathy Thurston, a 23-year real estate finance veteran, has joined PGIM's real estate debt strategies platform as executive director and assistant portfolio manager. She joins the company's New York office from PrivateBank, which CIBC had acquired last year,...

Christopher MacLeod has joined TruAmerica Multifamily as director of acquisitions for the West Coast. He joins the Los Angeles company from Bascom Group, an Irvine, Calif., multifamily specialist, where he was vice president and was involved in more...

PGIM Real Estate Finance originated $8.1 billion of commercial mortgages during the first half, putting it well on track to meet its $15 billion target for the year.   The commercial mortgage finance operation of Prudential Financial's PGIM investment manager unit funded $7.5...

DSF Group has paid $65 million, or $187,320/unit, for the Fairlawn Apartments in the Boston suburb of Mattapan, Mass. The Waltham, Mass., investment manager bought the 347-unit property from Ares Management, a Los Angeles asset manager that had...

Commercial Real Estate Direct Staff Report TPG Real Estate Finance Trust has provided $190 million of mortgage financing against 1500 Spring Garden St., a 1.08 million-square-foot office and data center property in Philadelphia, allowing for the defeasance of...

The tenant-in-common group led by Dalan Management that owned 10-12 East 33rd St., a pair of adjoining 12-story office buildings with 69,930 square feet in Manhattan's NoMad, or Madison Square North area, has recapitalized the 12-story property. In...

Heitman, which manages an open-ended core real estate debt investment fund, has provided $104 million of financing for 360 Market Square, a recently completed apartment property with 292 units atop 42,000 square feet of retail space leased to...

Square Mile Capital Management and Pacific Western Bank have provided $90 million of construction financing for the Star Metals Residences, a 409-unit apartment property that's being developed in Atlanta's west midtown area. PacWestern funded a senior portion of...

Bridge Investment Group has paid $70.25 million, or $176,065/unit, for the 399-unit Spring Parc apartment complex in the Washington, D.C., suburb of Silver Spring, Md. The Salt Lake City investment manager bought the 38-year-old property, at 17 Featherwood...

Lincoln Property Co. has paid $58.75 million, or nearly $568/sf, for 501 Eastlake Ave. East, a 103,494-square-foot office building in Seattle's South Lake Union area. The Dallas investment manager bought the 16-year-old building, which is 79 percent leased,...

Brookdale Senior Living Inc. has named Steven E. Swain chief financial officer, effective Sept. 4. Swain joins the Brentwood, Tenn., company from DISH Network Corp., where he had been CFO since 2014, and replaces Teresa F. Sparks, who...

Class Amt $mln Sub Level% Avg Life (yrs) Rating Fitch RatingKroll Rating Moody's Pricing % Yield% Final Pricing (bp) Bnch mark A-1 14.03 30.00 2.860 AAA AAA Aaa 99.998 3.129 +30 swaps A-2 147.14 30.00 4.82 AAA AAA...

Commercial Real Estate Direct Staff Report Summit Hotel Properties Inc. has sold three hotels with 322 rooms in Arizona and Tennessee for $46.5 million as part of its ongoing portfolio fine-tuning. The Austin, Texas, REIT noted that the...