Clear Sky Capital has secured a $25.25 million loan against the 1,484-unit self-storage property at 510 North Ave. in Vista, Calif., about six miles south of San Diego. Talonvest Capital Inc. arranged the debt, which was provided by...

Harbor Group International has provided $38.3 million of mortgage financing against the 178,000-square-foot office building at 1250 Eye St. in Washington, D.C. The property is owned by Kairos Investment Management Co., which bought it last year for $36...

REBusiness Online A venture of Cisterra Development and Spruce Capital Group has secured $98 million of financing against the Radian, a 241-unit apartment property at 675 9th Ave. in San Diego. CBRE arranged the three-year, fixed-rate loan. Cisterra,...

Minneapolis/St. Paul Business Journal RPM Living has paid $103.25 million, or $310,993/unit, for Beach Club Residences, a 332-unit apartment property in Minneapolis. The Austin, Texas, developer purchased it from Apartment Income REIT, which was acquired by Blackstone last year....

AEW Capital Management has raised $1.77 billion for its latest opportunistic investment fund. The vehicle, AEW Partners Real Estate Fund X LP, is a follow-up to Fund IX, through which the Boston investment manager—with $83.9 billion of assets...

Commercial Real Estate Direct Staff Report MIG Real Estate has paid $46.75 million, or $210.21/sf, for the 222,394-square-foot Seventy5 Business Park in Phoenix. The Newport Beach, Calif., investment firm purchased the four-building industrial complex, at 7150 West Roosevelt...

Space Investment Partners has paid $118.5 million, or $299.47/sf, for the 395,703-square-foot Fullerton Metrocenter retail center in the Los Angeles suburb of Fullerton, Calif. The Corona del Mar, Calif., investor bought the property from Kite Realty Group of...

Bloomberg Eldridge Real Estate Capital has provided $250 million of financing for the conversion of the 398,214-square-foot office property at 1011 First Ave. in Manhattan into 420 apartment units. The lender is a unit of Eldridge Industries, which...

San Antonio Business Journal RPM Living has bought the 341-unit Heritage Plaza apartment complex in San Antonio. The Austin, Texas, real estate company purchased the five-story property from Cypress Real Estate Advisors, also of Austin. The purchase price...

Poverni Sheikh Group has provided an $18.5 million loan for the development of a 77-unit apartment property at 31 Central St. in Manchester, N.H. The Baltimore company, which invests in self-storage properties, operates as a developer and has...

Commercial Real Estate Direct Staff Report Bridge Investment Group has paid $138.75 million, or $433,593/unit, for Santa Fe Ranch, a 320-unit apartment property in Carlsbad, Calif., about 32 miles north of San Diego. The Salt Lake City investment...

Southern Land Co. has lined up $100 million of financing for the construction of the 272-unit Capella apartment property in Las Vegas. The Nashville, Tenn., developer is building the 22-story property at 277 Promenade Place, at the corner...

  Class Amt $mln Sub Level % Avg Life (yrs) Rating Moody's Rating Fitch Rating Kroll Price % Yield % Final Pricing (bp) Bnch mrk A-1 9.22 30.00 2.77 Aaa AAA AAA 99.99768 4.64296 +79 J-spread A-4 100.00...

Bisnow Bondholders of the CMBS trusts that hold the $310 million loan against the 512,171-square-foot office property at 535-545 Fifth Ave. in midtown Manhattan have filed to foreclose against the loan. A foreclosure suit has been filed in...

Commercial Real Estate Direct Staff Report Coastal Grand Mall, with 1.04 million square feet of retail space in Myrtle Beach, S.C., has had its appraised value slashed by roughly 60% to $90 million. The 21-year-old shopping mall, owned...

Commercial Real Estate Direct Staff Report Raith Capital Partners has paid $53 million, or $220,833/unit, for the 240-unit Estrella Gateway apartment property in the Phoenix suburb of Avondale, Ariz. The New York investment manager acquired the property, at...

Berkshire Residential Investments has paid $85 million, or $431,472/unit, for the 197-unit Signature Place apartment property in Morris Plains, N.J. The Boston investment manager bought the property from Veris Residential Inc. of Jersey City, N.J., in a deal...

Varde Partners has provided a $96.5 million loan against the 186-unit Lewis apartment property at 411 West 35th St. in the Hudson Yards section of Manhattan. The loan was arranged by Newmark. The seven-year-old building is owned by...

A venture of Fetner Properties, MCB Real Estate, and Farallon Capital Management has paid $209.5 million, or $452,483/unit, for the ground lease interest in the 463-unit apartment property at 240 Willoughby St. in the Fort Greene section of...

Karney Properties has paid $34.2 million, or $136.78/sf, for Riverside 43, a 250,043-square-foot industrial building in Phoenix. The Santa Monica, Calif., developer purchased the property from Cohen Asset Management Inc., which was represented by Cushman & Wakefield. Riverside...

Commercial Real Estate Direct Staff Report MC Cos. has paid $97.5 million, or $345,744/unit, for Core Scottsdale, a 282-unit apartment property in Scottsdale, Ariz. The local investor bought the property from Starlight Investments of Toronto, which acquired it...

Commercial Real Estate Direct Staff Report Berkadia has provided $33.3 million of Freddie Mac financing against the 304-unit Gateway on 4th Apartments in St. Petersburg, Fla. The loan has a five-year term and requires only interest payments for...

Walker & Dunlop Inc. has raised $240 million for Fund 124, its latest multi-investor low-income housing tax credit, or LIHTC, fund. The fund is the company's largest such vehicle and will be invested in 18 properties with 1,701...

BKM Capital Partners has paid $43 million, or $260.22/sf, for the 165,243-square-foot Hannover Industrial Park in Fremont, Calif. The Newport Beach, Calif., investment manager purchased the property through its Industrial Value Fund III, which launched in 2022 with...

Commercial Real Estate Direct Staff Report The Washington, D.C., office market posted 3 million square feet of leasing activity during the first half, down 30% from 4.3 million sf during the first half of 2024, according to Cushman...