Braemar Hotels & Resorts Inc., which was formed 12 years ago through the spin-off of Ashford Hospitality Trust Inc.'s high-end hotels, has put itself on the sales block. The REIT said a special committee of directors that it...

Commercial Observer The City University of New York has signed a letter of intent to buy 110,000 square feet at 40 Rector St. in lower Manhattan from Metropolitan College of New York, which uses it as classroom space...

Canyon Partners Real Estate has provided $58 million of financing against the 119-unit Arya Apartments in the Los Angeles suburb of Culver City, Calif. JLL Capital Markets arranged the bridge loan, which has a floating-rate coupon and allowed...

Starwood Property Trust has provided $500 million of mortgage financing against a portfolio of 42 industrial properties with 2.4 million square feet in Westchester County, N.Y. The loan was arranged by JLL Capital Markets. The portfolio is owned...

Commercial Real Estate Direct Staff Report Howard Hughes Holdings Inc. has lined up $75 million of financing against the 265,898-square-foot office property at 1700 Pavilion in Las Vegas's Summerlin neighborhood. The five-year loan was arranged by CBRE. It...

South Florida Business Journal Related Cos. has paid $116.85 million, or $400,171/unit, for Aura Delray Beach, a 292-unit apartment complex in Delray Beach, Fla. The New York company bought the property from Trinsic Residential of Dallas, which completed its...

Liberty Mutual Investments and RXR Realty Corp. have expanded a lending venture they operate, giving it an additional $1 billion of investment capacity. The venture, which was launched 15 years ago, provides credit across the capital stack. It...

Multi-Housing News Bonaventure Senior Living has paid $90 million, or $236,842/unit, for Cyan Southcreek, a 380-unit apartment property in Overland Park, Kan. The Elizabeth, N.J., company acquired the property, at 13220 Foster St., from LivCor, an affiliate of...

The Real Deal Capstone Equities has filed to foreclose against the $75 million loan on the 34,170-square-foot mixed-use building at 140 Crosby St. in the SoHo section of Manhattan. The property, which has an alternate address of 606...

Commercial Real Estate Direct Staff Report Raintree Partners has paid $100 million, or $373,134/unit, for Cypress Point, a 268-unit apartment property in Ventura, Calif. The Dana Point, Calif., developer purchased the property from an investor group in a...

Commercial Real Estate Direct Staff Report MML Hospitality has paid $92 million, or $814,159/room, for the 113-room Nine Orchard Hotel at 9 Orchard St. on Manhattan's Lower East Side. The Austin, Texas, company, formerly McGuire Moorman Hospitality, was...

Commercial Real Estate Direct Staff Report Fenway Capital Advisors has paid $65 million, or $249.73/sf, for the 260,283-square-foot office property at 222 North Detroit Ave. in Tulsa, Okla. The Solana Beach, Calif., investor acquired the property from its...

Triangle Business Journal RMR Residential has bought Carrington at Perimeter Park, a 266-unit apartment complex in Morrisville, N.C., for $62 million, or $233,083/unit. The Boston company purchased the property from Bluerock Real Estate, a New York investor that had...

Commercial Real Estate Direct Staff Report The Peachtree Center office and retail complex in downtown Atlanta has been brought to the sales market through JLL Capital Markets. The 2.48 million-square-foot property, which can be acquired as a whole...

Commercial Real Estate Direct Staff Report Widewaters has paid $20.5 million for the 188,960-square-foot Target Financial Center and 12.64 acres of adjoining land in the Phoenix suburb of Tempe, Ariz. The Syracuse, N.Y., developer, which was represented by...

PGIM has provided $619 million of agency financing against a portfolio of 15 apartment properties with 4,237 units in the Southeastern United States owned by HHHunt Corp. The investment manager provided a $412.77 million loan through Freddie Mac...

Denver Business Journal An affiliate of Remedy Medical Properties has paid $41 million, or $264.24/sf, for Highlands Ranch I and II, a two-building medical office property totaling 155,164 square feet in Highlands Ranch, Colo. The Chicago company purchased...

Ram Realty Advisors has paid $52.75 million, or nearly $268/sf, for the 196,941-square-foot Shoppes at Jupiter retail center in Jupiter, Fla. The Palm Beach Gardens, Fla., company bought the 45-year-old property, at 201 North U.S. Highway 1, from...

Commercial Real Estate Direct Staff Report A venture led by Pacific Retail Capital Partners has purchased the 2.05 million-square-foot Lakewood Center shopping mall in the Los Angeles suburb of Lakewood, Calif. The venture—which includes Lyon Living, a Newport...

Jacksonville Daily Record Second Horizon Capital has bought the Orange Park Mall, a 950,000-square-foot retail property in Orange Park, Fla., for $65.5 million, or $68.95/sf. The Boca Raton, Fla., company purchased the mall from Washington Prime Group. Orange...

Vornado Realty Trust has agreed to pay $218 million, or $569.93/sf, for the 382,500 square feet of office space at 623 Fifth Ave. in midtown Manhattan. The New York REIT is buying the space, comprising the former Swiss...

Commercial Real Estate Direct Staff Report Goodman Real Estate Inc. has paid $49 million, or $362,962/unit, for the 135-unit Annex at Cadence apartment property in the Phoenix suburb of Mesa, Ariz. The Seattle investment manager purchased the property,...

Finance & Commerce An affiliate of Broadstone Net Lease Inc. has paid $53.8 million, or $89.70/sf, for the 599,778-square-foot industrial property at 701 Industrial Blvd. NE in Minneapolis. The Victor, N.Y., company acquired the building from an affiliate...

Commercial Real Estate Direct Staff Report The Westfield Wheaton shopping mall in the Washington, D.C., suburb of Wheaton, Md., is in the process of being sold. The buyer, which couldn't be identified immediately, will be assuming what was...

The Real Deal Carolwood's deal to buy EY Plaza, a 920,308-square-foot office building in Los Angeles for $130 million, or $141.26/sf, has fallen through. The property is owned by an affiliate of Brookfield Properties, but is in the...