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....

Sunny Hills Management Co. has acquired the two-building office property at 400 and 600 Corporate Point in Culver City, Calif. The purchase price could not be learned immediately. However, the property, which is about 13 miles west of...

Commercial Real Estate Direct Staff Report Tysons Commerce Center, a 181,542-square-foot office property in the Washington, D.C., suburb of Tysons Corner, Va., has been sold for $12 million, or $66.10/sf. An investor group operating as TCC Partners LLC,...

Atlanta Business Chronicle Sherman Residential has paid $65 million, or $278,970/unit, for the Skye Suwanee Town Center apartment complex in the Atlanta suburb of Suwanee, Ga. The Chicago real estate investor purchased the 233-unit property from Barings, which had...

South Florida Business Journal MIG Real Estate has bought a portfolio of three industrial properties totaling 275,128 square feet in south Florida for $69.88 million, or $253.99/sf. The Newport Beach, Calif., company purchased the portfolio from Longpoint Ventures...

Denver Business Journal Koelbel & Co. has paid $48.25 million, or $416.53/sf, for Camelback Collective, a two-building office property with 115,838 square feet in Phoenix. The Denver real estate firm purchased the property, at 2801 East Camelback Road,...

Benefit Street Partners has provided $66 million of mortgage financing against the 301-unit Kinship at Camp North End apartment property just north of the Uptown area of Charlotte, N.C. The three-year loan was arranged by WelcomeLend, a mortgage...

Commercial Observer JPMorgan Chase Bank has provided a $47 million loan against 62,707 square feet of office and retail space at 415 West 13th St., an eight-story former warehouse in Manhattan's Meatpacking District. The fully leased space, within...

Denver Business Journal Hillside New Media Holdings US Inc. has paid $135 million, or $542.64/sf, for the 248,783-square-foot office building at 1701 Platte St. in Denver. The London online sports betting company, which is affiliated with Bet365, acquired...

Bellco Credit Union has committed to provide up to $38.5 million of mortgage financing against the 479-unit Warren Manor Apartments in the Detroit suburb of Warren, Mich. The loan, arranged by Eastern Union, allowed the property's owner, a...

Interstate Equities Corp. has paid $43 million, or $173,387/unit, for two neighboring apartment properties with a combined 248 units in Tacoma, Wash. The Los Altos, Calif., investment firm bought the 80-unit Sienna, at 10600 to 10724 16th Ave....

Commercial Real Estate Direct Staff Report The country's commercial mortgage lenders increased their inventory of loans by $46.8 billion—or 1%—during the first quarter, according to the Mortgage Bankers Association. That increased their total inventory to $4.81 trillion. The...

Terreno Realty Corp. has paid $31.1 million, or $658.90/sf, for the 47,200-square-foot industrial property at 49-10 27th St. in the Long Island City section of Queens, N.Y. The Bellevue, Wash., REIT bought the property, on a 2.2-acre site,...

Commercial Real Estate Direct Staff Report Lower Treasury yields during the first quarter contributed to the 2.73% total return in the LifeComps Total Return Index compiled by Trepp Inc. The 10-year Treasury, against which most long-term mortgages are...

Commercial Real Estate Direct Staff Report Midloch Investment Partners has paid $19.2 million, or $162,712/unit, for the 118-unit Malt House apartment property in Milwaukee. The Chicago investment manager purchased the property through a venture with Hempel Real Estate...

Commercial Real Estate Direct Staff Report CIBC Bank USA has provided $65.5 million of financing for the construction of 3850 Blake, a 310-unit apartment property in Denver's River North Art District. JLL Capital Markets arranged the loan on...

Commercial Real Estate Direct Staff Report Bell Partners has paid $133 million, or $332,500/unit, for the 400-unit Montane Apartments in Parker, Colo., a southern suburb of Denver. The Greensboro, N.C., investment manager acquired the property, at 18301 Cottonwood...

Commercial Real Estate Direct Staff Report Leasing activity among Manhattan's office properties during the second quarter declined by more than a quarter, to 8.8 million square feet from 12.3 million sf in the first quarter, according to Savills....

Commercial Observer Blackstone Real Estate Debt Strategies has provided $515 million of financing for the construction of the 966-unit first phase of the 1,723-unit Journal apartment property at 1 Journal Square in Jersey City, N.J., which is being...