Commercial Real Estate Direct Staff Report DataBank is partnering with Goodman Group to complete the development of a 32-megawatt data center at 3094 East Vernon Ave. in Vernon, Calif., about five miles southeast of downtown Los Angeles. Goodman,...

Bisnow Dean Adler, who co-founded investment manager Lubert-Adler, has agreed to buy the former Franklin Mills Mall in Philadelphia, with plans to redevelop it into mixed uses. Adler would invest $100 million into remaking the 37-year-old shopping center,...

Commercial Real Estate Direct Staff Report GSK PLC's pending departure from the 635,058-square-foot life-sciences property at 14200 Shady Grove Road in Rockville, Md., has resulted in the $138 million CMBS loan against the property being transferred to special...

JLL Capital Markets has arranged $55.75 million of financing to facilitate Hines' purchase of Tempo at Riverpark, a 235-unit apartment property in Oxnard, Calif. An unnamed bank provided the five-year loan for Hines, which bought the property for $105...

Nashville Business Journal Anchor WeHo Owner LLC has bought Braxton Music City, a 236-unit apartment complex in Nashville, Tenn., for $54.4 million, or $230,508/unit. The company, led by New Jersey investor Aaron Friedman, purchased the two-building property from...

Commercial Real Estate Direct Staff Report The CMBS trusts that held a $160 million mortgage against the 503,312-square-foot Park Square office property in Boston's Back Bay area have taken it through foreclosure. The loan is split into two...

Commercial Real Estate Direct Staff Report Bascom Group has paid $103 million, or $350,340/unit, for the 294-unit Ellison apartment property in Las Vegas. The Irvine, Calif., investment manager acquired the property, at 9235 West Russell Road, from its...

Commercial Observer Apple Bank has provided $42 million of financing against the 510,000-square-foot Nelson Tower office building at 450 Seventh Ave. in Midtown Manhattan. The loan, arranged by JLL Capital Markets, allowed the property's owner, Kaufman Organization of...

Commercial Real Estate Direct Staff Report Newgate Mall in Ogden, Utah, which was taken through foreclosure in April 2021 by the CMBS trust that held what was a $58 million mortgage against it, has been reappraised at a value...

Commercial Observer A venture of Sovereign Partners and HudsonPoint Capital has agreed to pay about $385 million, or $707.72/sf, for the 544,000-square-foot office building at 575 Fifth Ave. in Midtown Manhattan. It is buying the 40-story building from...

Commercial Real Estate Direct Staff Report The CMBS mortgage against the Dayton Mall in Dayton, Ohio, has had its term extended by just more than eight years through November 2030. The loan, securitized through WFRBS Commercial Mortgage Trust,...

PCCP has provided $92.5 million of senior construction financing for the 336-unit Emi on 50 apartment property in Orlando, Fla. The property, at 1840 East Colonial Drive, is being developed by Terian Dedvelopment of Maitland, Fla., within the...

Charlotte Business Journal Beacon Partners is offering for sale the Station at LoSo, a 200,000-square-foot office property in the South End section of Charlotte, N.C. The local developer has hired JLL to market the complex, which opened in 2023....

State Farm Mutual Automobile Insurance Co. has provided $52 million of financing against three industrial properties with 420,086 square feet in Ontario and Rancho Dominguez, Calif. Northmarq arranged the loan on behalf of the owner, Carson Cos. of...

OakNorth Bank has provided $25.5 million of financing to fund the development of an 87-unit apartment property at 2916 Atlantic Ave. in the East New York area of Brooklyn, N.Y. The proposed 11-story building, with nearly 5,000 square...

Commercial Real Estate Direct Staff Report Ben-Josef Group Holdings has paid $38 million, or $883,721/unit, for the 43-unit apartment property at 525 Union Ave. in the Williamsburg section of Brooklyn, N.Y. The New York investor acquired the property...

Commercial Real Estate Direct Staff Report South Plains Mall in Lubbock, Texas, whose $200 million CMBS loan was extended recently by four years through November 2029, has been reappraised at a value of $114 million. The 1.31 million-square-foot...

Atlanta Business Chronicle Local investor Zalik Investment Group has bought the One and Two Midtown Plaza office buildings with a combined 506,108 square feet in Atlanta's Midtown area. The buzz is that Zalik bought the two for more...

South Florida Business Journal An affiliate of Lincoln Property Co. has paid $77.55 million, or $313.87/sf, for a 247,079-square-foot industrial complex in Deerfield Beach, Fla. The Dallas company purchased the four-building property from an affiliate of Brookfield Properties...

Commercial Real Estate Direct Staff Report Interra Capital Group has acquired the 4.5 million-square-foot Greenway Plaza office complex in Houston, subject to the assumption of its $416.2 million mortgage. The Houston investment manager, led by Jack Polatsek, focuses...

Commercial Real Estate Direct Staff Report Delshah Capital has paid $76.03 million, or $535,422/unit, for the 142-unit apartment property at 34 Berry St. in the Williamsburg section of Brooklyn, N.Y. The New York investment manager acquired the property...

Commercial Real Estate Direct Staff Report High Street Residential has sold the 139-unit Corner 63 Apartments in Seattle for $59.1 million, or $425,179/unit. The buyer was a group of Washington state investors operating as Corner 63 Owner and...

Commercial Observer Madison Realty Capital has provided a $61 million loan against the 135-unit Braddock Park West apartment property in the northern New Jersey township of North Bergen. The property, at 8601 Bergenline Ave., is owned by Sanz...

Commercial Real Estate Direct Staff Report USBank has provided $40 million of financing against the 318,683-square-foot Chandler Airport Business Park industrial complex in Chandler, Ariz. The loan, filed with Maricopa County, Ariz., allowed the property's owner, CapRock Partners,...

Commercial Real Estate Direct Staff Report CBL & Associates Properties Inc. has lined up a $43 million mortgage from Bank of Montreal against the 403,671 square feet of retail space that it owns at the 748,094-sf Northwoods Mall...