Commercial Real Estate Direct Staff Report FPA Multifamily LLC has paid $121 million, or $174,603/unit, for a portfolio of four apartment properties with a total of 693 units in Connecticut. The San Francisco investment manager purchased the portfolio...

Commercial Real Estate Direct Staff Report Section 899, which some have referred to as a retaliatory or revenge tax, has been pulled from the One Big Beautiful Bill budget-reconciliation proposal. Treasury Secretary Scott Bessent yesterday posted on the...

Commercial Real Estate Direct Staff Report Simon Property Group has purchased the 75% stake that it didn't already own in the 475,088-square-foot retail portion and parking garage of Miami's Brickell City Centre for $512.63 million. The Indianapolis REIT...

Multifamily Dive Blackfin Real Estate Investors has paid $17.3 million, or $141,167/unit, for the Sage Creek Apartments, a 120-unit complex in Augusta, Ga. The Arlington, Va., company purchased the property from an investment group led by JJM Realty...

Multi-Housing News A venture of Kushner Cos. and PTM Partners has lined up $87.3 million of financing against 2000 Biscayne, a 420-unit apartment building in Miami's Edgewater neighborhood. Corebridge Financial provided the loan, which was arranged by Walker...

PGIM Real Estate has provided $100 million of financing against a portfolio of 11 industrial properties and one industrial outdoor storage facility in the Charlotte and Raleigh, N.C., markets. The portfolio, with 1.55 million square feet, is owned...

The Real Deal Rialto Capital Advisors has provided $135 million of financing against the 327-unit Lincoln Park apartment property in Chicago. The loan allowed the property's developer—a venture of PCP Generational Partners of Cleveland, as well as Structured...

JRK Property Holdings has paid $129 million, or $321,696/unit, for the 401-unit Chase Knolls apartment property in the Los Angeles suburb of Sherman Oaks, Calif. The Los Angeles investment manager bought the Mid-Century Modern property from Waterton of...

Commercial Real Estate Direct Staff Report JRK Property Holdings has paid $186 million, or $657,243/unit, for the 283-unit WestEnd25 apartments in Washington, D.C. The Los Angeles investment manager acquired the property, overlooking Rock Creek Park in the city's...

Silver Star Ventures, the real estate investment arm of the Zilis family office, has completed its first purchase of a retail property, paying $35.4 million, or $520.65/sf, for the 67,992-square-foot Admiral Junction in Seattle. Silver Star, founded last...

A venture of Bain Capital and 11North Partners has paid $212 million, or $729.53/sf, for a portfolio of three lifestyle retail centers totaling 290,598 square feet in Oklahoma City. Bain, of Boston, and 11North, of New York, bought...

Grandview Property Partners has lined up $28 million of mortgage financing against the 360,452-square-foot Rise at Loop 410 industrial building in San Antonio. The financing, with a three-year term that could be extended by up to two additional...

The Real Deal JPMorgan Chase Bank and Citibank have provided $400 million of mortgage financing for the 745-unit Eagle + West apartment property at 1 Eagle St. in the Greenpoint section of Brooklyn, N.Y. The loan retires a...

The Real Deal CIM Group has recapitalized the Lot at Formosa, an 11-acre studio campus at 1041 North Formosa Ave. in Hollywood, Calif., allowing it to pay off a $150 million loan against the property held by AllianceBernstein....

PCCP LLC has provided $61.8 million of senior mortgage financing against a pair of industrial properties with 463,500 square feet in the Nashville, Tenn., and Dallas areas that were acquired by Bixby Capital Management. Bixby, of Newport Beach,...

The Mercury News A venture led by Post Real Estate Group has paid $61.1 million, or $212,153/unit, for the 288-unit Orchard Glen apartment property at 3975 Seven Trees Blvd. in San Jose, Calif. Post Glen, of Los Angeles,...

Rhino Capital Advisors has paid $27.87 million, or just more than $128/sf, for the 217,516-square-foot industrial property at 400 Main St. in the Boston suburb of Ashland, Mass. The Boston investment manager, which owns industrial properties—including data centers—and...

Commercial Real Estate Direct Staff Report U.S. Department of Housing and Urban Development is proposing reducing the annual mortgage insurance premium on all multifamily loans written through its various program to 25 basis points from what normally would...

Commercial Real Estate Direct Staff Report Park Place Mall in Tucson, Ariz., which in October 2023 was deeded to the CMBS trust that held a $156.87 million loan against it, has been appraised at a value of $80 million....

Commercial Real Estate Direct Staff Report The mortgage against the 533-unit apartment property at 20 Broad St. in lower Manhattan has been extended for another three years through September 2027. The financing, with an original balance of $320...

Commercial Real Estate Direct Staff Report Corebridge Financial has provided a $575.3 million loan to fund the conversion of part of the 1.1 million-square-foot 5 Times Square office building in midtown Manhattan into 1,250 apartment units. The 39-story...

Medipower Overseas Public Co. has paid $37.5 million, or $339.21/sf, for Springfield Avenue Marketplace, a 110,551-square-foot shopping center in Newark, N.J. The Israeli real estate company, which owns open-air retail properties in the United States, Canada, and Bulgaria,...

Commercial Real Estate Direct Staff Report Two years after successfully negotiating a two-year term extension of what then was a $32.7 million mortgage against 385 Fifth Ave. in Manhattan, its owner—Hilson Management Corp.—is looking for additional time. The...

Commercial Real Estate Direct Staff Report Keller Capital hasn't made a debt-service payment since February on the $110 million CMBS loan against two apartment properties with 840 units it owns in Austin, Texas. As a result, the loan,...

Crain's New York Business Scholastic Corp. has tapped Newmark to market for sale its 355,942-square-foot headquarters office property at 555-557 Broadway in the SoHo section of Manhattan. The publisher moved into 555 Broadway in 1992 and purchased it...