Commercial Real Estate Direct Staff Report TA Realty has paid $61.5 million, or $256,250/unit, for Level at Sixteenth, a 240-unit apartment property in Phoenix. The Boston investment manager purchased the property from Sares Regis Multifamily Investment Management, which...

Provident Bank has provided $36 million of construction financing for Camelot on Main, a 142-unit apartment property in Sayreville, N.J., about 33 miles south of Manhattan. The property, at 925 Main St., is being developed by Kaplan Cos....

Commercial Observer Blackstone is offering for sale the 686,962-square-foot Shops at Skyview retail center in the Flushing section of Queens, N.Y. The investment giant has tapped Newmark to market the property at 40-24 College Point Blvd. The expectation...

The Santa Clara Valley Transportation Authority has paid $63.7 million, or $163.32/sf, for the 390,023-square-foot Almaden Crossing office property in San Jose, Calif. The agency bought the 17-story building, at 488 Almaden Blvd., from Lane Partners, which acquired...

Commercial Observer A venture of David Werner Real Estate and Sam Fisch Development has lined up $62 million of financing for the acquisition of the 335,000-square-foot 5 Hanover Square office building in lower Manhattan. It plans to convert...

Commercial Observer Janusz Sendowski has paid $45.55 million, or $530,232/unit, for the 86-unit apartment property at 10 West 65th St. on Manhattan's Upper West Side. The New York investor, who owns a number of city apartment properties, bought...

Kearny Bank has provided a $29.5 million construction loan for the Soho Park Residences, an age-restricted apartment project at 116 Harrison St. in Nutley, N.J. JLL Capital Markets arranged the floating-rate loan, which has a 2.5-year term. The...

Centennial Bank and Crestline Investors have provided $71 million of financing for predevelopment work of the 8850 Sunset mixed-use project in West Hollywood, Calif. Predevelopment includes the design and permitting of the project. Newmark arranged the debt of...

The Real Deal LNR Partners, special servicer for the $122.93 million CMBS loan against 750 Lexington Ave. in Midtown Manhattan, has had its path cleared to initiate foreclosure against the loan. The company was granted a summary judgment...

The Real Deal Stonemont Financial Group, an Atlanta investment firm, has been hit with a foreclosure suit after failing to pay off $664 million of CMBS debt against a portfolio of 40 office and retail properties totaling 3.85...

BlackRock Inc. has agreed to buy ElmTree Funds, a St. Louis investment manager that specializes in net leased industrial, office, and healthcare properties. BlackRock, the world's largest investment manager with more than $11.6 trillion of assets under management,...

Dream Industrial REIT has paid $25.5 million, or $161.45/sf, for a 157,942-square-foot industrial building within the Enterprise Business Center in Denver. Dream, of Toronto, purchased the property through its Dream US Industrial Fund from United Properties, which was...

Commercial Real Estate Direct Staff Report Knightvest Capital has paid $119 million, or $288,834/unit, for the 412-unit Avana Desert View apartment property in Scottsdale, Ariz. The Dallas investment manager, through its Knightvest Capital Fund II, bought the property...

Bloomberg Cain International is nearing a deal to pay about $175 million, or $447,570/room, for The Dominick Hotel and residential condominium property at 246 Spring St. in the SoHo section of Manhattan. The London investor is buying the...

Prologis has paid $59 million, or $333.26/sf, for the 177,041-square-foot industrial property at 5555 Auto Mall Parkway in Fremont, Calif. The San Francisco REIT acquired it from LBA Logistics of Irvine, Calif. The deal was highlighted by Kidder...

Commercial Real Estate Direct Staff Report Kamyar and Tyler Mateen have paid $69 million, or $381.64/sf, for Hollywood Collection, a two-building retail center with 180,797 square feet in Los Angeles. Kamyar is the co-founder of Tinder and principal...

Commercial Real Estate Direct Staff Report The $160 million loan that recently was placed against the 1.53 million-square-foot Rentar Plaza mixed-use property in the Middle Village area of Queens, N.Y., carries a 5.581% coupon. That's 60% greater than...

Commercial Real Estate Direct Staff Report UBS has provided a $135 million loan against the 87,537-square-foot mixed-use property at 29-33 Ninth Ave. in the Meatpacking District of Manhattan. The 10-year loan allowed the property's owner, Midtown Equities, to...

Hanes Investment Realty Inc. has paid $27.4 million, or $307,865/unit, for the 89-unit Lynn Villa apartments in Thousand Oaks, Calif., roughly 40 miles west of Los Angeles. The West Lake Village, Calif., company purchased the property, at 693...

Commercial Real Estate Direct Staff Report The CMBS trusts that hold a chunk of the $180 million of mortgage debt against the 365,819-square-foot Club Row office building in midtown Manhattan have filed to foreclose. The trusts are JPMBB...

Commercial Real Estate Direct Staff Report The venture that owns the 983,686-square-foot Plaza America office complex in Reston, Va., is looking to negotiate a term extension of the property's $204.34 million of indebtedness. The venture, comprised of Tamares...

Atlanta Business Chronicle Stockbridge Capital Group has purchased the 1.03 million-square-foot NFI Distribution Center in Rincon, Ga., about 20 miles north of Savannah, Ga. The San Francisco company bought the industrial property from a venture of Becknell Industrial...

A venture of Real Estate Development Associates and Clarion Partners has broken ground on the 700,000-square-foot Building 6 within the South Ontario Logistics Center in Ontario, Calif. REDA, of Newport Beach, Calif., and Clarion, of New York, are...

Zilber Residential Group has sold the 304-unit Vida Lakewood Ranch apartment property in Bradenton, Fla., for $92.11 million, or $302,993/unit. The Milwaukee builder sold the two-year-old property, at 11109 Vida Circle, to General Services Corp. of Richmond, Va.,...

Commercial Real Estate Direct Staff Report Prologis Inc. has paid $59.88 million, or $109.76/sf, for the 545,550-square-foot industrial property at 12035 Moya Blvd. in Reno, Nev. The San Francisco REIT acquired it in a deal arranged by CBRE....