Commercial Observer Citadel Senior Housing has paid $45 million, or $152,542/unit, for the 295-unit Kittay Senior Apartments at 2550 Webb Ave.in the Bronx, N.Y. The Brooklyn, N.Y., company bought the property from New Jewish Home, which had owned...

Commercial Observer Webster Bank has provided $48 million of financing for the development of the 351-room JFK Fiona 34 hotel near John F. Kennedy International Airport in Queens, N.Y. The property, at 143-02 135th St. is being developed...

An investor group comprised of Kennedy Wilson, Kenedix Inc., and Hulic Co. has paid $173 million, or $652,830/unit, for the 256-unit Danforth apartment property in Seattle. The venture bought the 16-story property, at 1425 Spring St., straddling the...

Cohen & Steers Inc. has made a $300 million investment in Hudson Pacific Properties Inc., making a bet on the West-coast office market. The purchase gives it a 19.9% stake in the Los Angeles REIT. Hudson Pacific owns...

Crain’s Chicago Business Exposition Residential has paid $32 million, or $450,704/unit for the 71-unit Scott Residences, apartment property in Chicago. The Houston company bought the property, at 211 West Scott St., from a venture of JDL Development and...

Walker & Dunlop Investors Partners has raised $135 million of commitments for its seventh value-add/opportunistic investment fund. The vehicle, Walker & Dunlop Investment Partner Fund VII, is a follow-up to Fund VI, through which the investment manager in...

Commercial Real Estate Direct Staff Report Olympus Property has paid $37.5 million, or $240,384/unit, for Place at Arroyo Verde, a 156-unit apartment property in Tucson, Ariz. The Fort Worth, Texas, investment manager purchased the property from MC Cos....

The Real Deal Hasta Capital has lined up a $58.3 million loan for its purchase of Aris Market Square, a 274-unit apartment building in downtown Houston. The Mexico City investor purchased the 32-story property from its developer, Hines of...

Commercial Real Estate Direct Staff Report Real Capital Solutions has paid $57.1 million, or $138.37/sf, for Tysons Pointe, a two-building office portfolio totaling 373,617 square feet in the Washington, D.C., suburb of Tysons, Va. The Louisville, Colo., investor...

Commercial Real Estate Direct Staff Report JPMorgan Chase Bank, which earlier this year was the subject of a lawsuit seeking to have it buy back a $221.1 million loan against an apartment portfolio, has filed a motion to...

Commercial Property Executive JIAHERB Inc. has paid $53.7 million, or $516.72/sf, for the 103,925-square-foot industrial building at 2929 East Imperial Highway in Brea, Calif. The manufacturer of natural ingredients acquired it from AEW Capital Management of Boston. The...

The Real Deal Magna Capital Management, which in 2022 acquired the $25 million mezzanine loan on the Hilton Garden Inn in midtown Manhattan, has taken the 401-room hotel through a Uniform Commercial Code foreclosure. The property, at 237...

Commercial Real Estate Direct Staff Report Easterly Government Properties, which owns 102 properties with 10.2 million square feet that are leased to government agencies, is aiming to increase its exposure to state and local governments while reducing its...

Commercial Real Estate Direct Staff Report AJC Investment Group has paid $38 million, or $253.33/sf, for the 150,000-square-foot office building at 5201 Gate Parkway in Jacksonville, Fla. The Bloomfield Hills, Mich., family office bought the 19-year-old building from...

Commercial Property Executive LBA Logistics has paid $55.5 million, or $134.35/sf, for Niles Industrial Center, a 413,112-square-foot industrial building in Niles, Ill. The Irvine, Calif., investment manager purchased the property from Principal Real Estate Investors of Des Moines,...

Berkadia has provided $73.5 million of Freddie Mac financing against the 281-unit Madison Bellevue apartment property in Bellevue, Wash. The loan takes out a $53.5 million mortgage that State Farm Life Insurance Co. provided in 2014. Madison Bellevue,...

Commercial Real Estate Direct Staff Report Natixis has provided $158.2 million of mortgage financing against the 391-unit 1 Queens Plaza South apartment building in the Long Island City section of Queens, N.Y. The property, at 42-20 24th St.,...

Commercial Real Estate Direct Staff Report Hendricks Commercial Properties has sold Carmel Tech Center, a three-building industrial and office property with 209,056 square feet in Carmel, Ind., for $28 million, or $133.94/sf. The Beloit, Wis., company sold it...

Washington Business Journal Sekisui House REIT Inc. has paid $299 million, or $879,411/unit, for the 340-unit Crescendo apartment towers at 20 Ridge Square NW in northwest Washington, D.C. The company, affiliated with Japan's largest homebuilder, bought the property—the...

Commercial Real Estate Direct Staff Report The owner of the 218,162-square-foot office property at 393-401 Fifth Ave. in midtown Manhattan has negotiated an 18-month extension of the property's $75 million CMBS loan. The extension, through July 2026, was...

EQT Exeter has paid $128.2 million, or $106.83/sf, for the 1.2 million-square-foot Sarival Logistics Center in the Phoenix suburb of Litchfield Park, Ariz. The Radnor, Pa., investment manager purchased the three-year-old property, at 6390 North Sarival Ave., from...

Commercial Real Estate Direct Staff Report De La Vega Development, which paid $144.9 million, or $466.14/sf, for the 324,588-square-foot Turtle Creek Village mixed-use property in Dallas, funded its purchase with an $84 million loan from Starwood Mortgage Capital...

Commercial Real Estate Direct Staff Report The $579.5 million of CMBS debt against Grand Wailea, a 776-room hotel in Wailea, Hawaii, has been granted a three-month extension, taking its maturity to August 2025. The extension was first highlighted...

Commercial Real Estate Direct Staff Report TruAmerica Multifamily has recapitalized the 192-unit Runaway Bay Apartments in Pinellas Park, Fla., by bringing in Townsend Group as partner in the property—replacing RSE Capital Partners—in a deal valued at $30.4 million,...

The Registry Henry and Susan Samueli have paid $72.1 million, or $275.26/sf, for Stadium Tower, a 261,936-square-foot office property in Anaheim, Calif. The owners of the Anaheim Ducks, a professional hockey team, purchased the building from CBRE Investment...