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...

Commercial Real Estate Direct Staff Report The value of the 292-room Crowne Plaza Dallas hotel has been reappraised for the first time, to $20.5 million. That compares to the $45.1 million value pegged to it in 2017, when...

Silicon Valley Business Journal Spear Street Capital has bought back the 155,000-square-foot office building at 223 Mathilda Ave. in Sunnyvale, Calif., for $87.8 million, or $566.45/sf. The San Francisco company purchased it from Stockbridge Capital Group, which had...

Barings has paid $150.7 million, or $491.19/sf, for the 306,809-square-foot I/O at Playa Vista office property in Los Angeles. The Charlotte, N.C., investment manager purchased it from Clarion Partners of New York, which bought it in 2014 for...

Commercial Real Estate Direct Staff Report Siemens Financial Services has provided $34.12 million of construction-to-permanent financing against SixSixty, a 124,076-square-foot medical office property in downtown Sacramento, Calif. JLL Capital Markets arranged the seven-year loan on behalf of the...

Commercial Property Executive NorthPoint Development has paid $175 million, or $175/sf, for Las Vegas Logistics Center, a 1 million-square-foot industrial property in North Las Vegas. The Kansas City, Mo., company purchased it from Link Logistics, the industrial property...

Commercial Real Estate Direct Staff Report A sharp increase in operating expenses at the 1.04 million-square-foot 520 Madison Ave. office building in Manhattan has prompted Moody's Ratings to downgrade three bond classes of the single-asset, single-borrower CMBS deal...

Commercial Real Estate Direct Staff Report Ardent Cos. has launched its latest investment vehicle, Self-Storage Development Fund III, which is aiming to raise $150 million of capital. The Atlanta firm will use proceeds from the fund to develop...

Commercial Real Estate Direct Staff Report Regency Centers has tapped JLL to market for sale the 78,820-square-foot Clocktower Plaza shopping center in Queens, N.Y. The buzz is that the property, at 92-10 Atlantic Ave., could sell for about...

Commercial Real Estate Direct Staff Report An Ares Real Estate fund has paid $54.4 million for the Rickenbacker Multi-Tenant Logistics Portfolio, with two industrial buildings totaling 507,779 square feet in Lockbourne, Ohio. The Los Angeles investment manager paid...

Goldman Sachs and JPMorgan Chase Bank have provided $300 million of senior financing against the Sheraton Dallas Hotel, with 1,841 rooms in downtown Dallas. The financing was used to retire $275 million of CMBS debt that was securitized...

South Florida Business Journal Continental Realty Corp. has purchased CityPlace Doral, a 235,000-square-foot shopping mall in Doral, Fla., for $87.5 million, or $372.34/sf. The Baltimore company purchased the retail complex from PGIM Real Estate of Newark, N.J., which was...

Commercial Observer New York Life Insurance has provided a $90 million loan against the 285-unit Beacon Hill Apartments in Marlboro, N.J. Cushman & Wakefield arranged the financing on behalf of the property's owner, Kushner Real Estate Group of...

ACRES Capital has provided $33 million of financing against The Massell, a 210-unit apartment complex in Cartersville, Ga. The floating-rate loan pays only interest for the life of its five-year term. Walker & Dunlop arranged the financing on...

South Florida Business Journal Trilogy Real Estate Group has bought the 57,025-square-foot mixed-use property at 2200 Biscayne Blvd. in Miami for $41.9 million, or $734.77/sf. The company, with offices in Miami and Chicago, purchased the property from Crescent Heights,...

New York Business Journal Paramount Global aims to offer a total of 356,000 square feet of office space in midtown Manhattan for sublease following a round of layoffs. The parent company of Paramount Pictures and CBS is looking...

Commercial Real Estate Direct Staff Report Goodwill of the Olympics and Rainier Region has paid $41 million, or $210.41/sf, for Pine Street, a 194,857-square-foot industrial property in Tacoma, Wash. The nonprofit organization purchased the building, which serves as...