Commercial Real Estate Direct Staff Report The 561-room Hilton Cincinnati Netherland Plaza hotel has been reappraised at a value of $38.3 million, nearly three times less than the $105.5 million value pegged to the 95-year-old property just six...

Triangle Business Journal Turnbridge Equities has paid $71.9 million, or $224,688/unit, for the 320-unit SkyHouse Raleigh apartment building in Raleigh, N.C. The New York real estate investor acquired the 23-story property from World Wide Group, also of New...

Goldman Sachs has agreed to acquire LCN Capital Partners, a New York investment manager specializing in the net-leased property sector, in a deal valued at up to $410 million. The investment banking giant is making a $260 million...

Charlotte Business Journal Link Logistics has paid $57.2 million, or $102.19/sf, for the 559,750-square-foot Jamesburg @ I-77 industrial building in Huntersville, N.C. The Blackstone affiliate purchased the property from Prologis, a San Francisco REIT that assumed it through...

South Florida Business Journal Artemis Real Estate Partners has paid $140 million, or $676,329/unit, for The Arbor at Delray, a 207-unit seniors housing facility in Delray Beach, Fla. The Chevy Chase, Md., real estate investment firm bought the...

Jacksonville Business Journal Baptist Health has paid $65 million, or $131.85/sf, for the 493,000-square-foot Southbank Medical Pavilion in Jacksonville, Fla. The local health system acquired the 22-story medical office building from ShareMD, also of Jacksonville, which paid $67...

Northmarq has provided $56.1 million of Fannie Mae financing against the 354-unit Wintercrest Village apartments in the San Diego suburb of Lakeside, Calif. The 10-year loan requires only interest payments for its entire term. The property, at 12002...

SparrowHawk has paid just less than $400 million, or $90.91/sf, for a portfolio of 20 industrial buildings with 4.4 million square feet in four Midwestern states. The Houston industrial property investment manager, which last year lined up $300...

Varia US Properties AG, a Swiss company that owns U.S. apartment properties, has agreed to sell a stake in 13 of its apartment properties with 4,112 units to Brookfield Asset Management. It's selling a 90% stake in four...

Commercial Real Estate Direct Staff Report National office rents were up 9.5% during the 12 months through June, according to the Columbia CompStak Rent Index, which tracks net-effective rents at similar-quality properties. While the index was formally launched...

An affiliate of Acadia Realty Trust has committed to provide $75 million of mortgage financing to fund the $56 million, or $468.30/sf, purchase of the 119,584-square-foot Whitestone Shopping Center in the Whitestone section of Queens, N.Y., and the...

Commercial Real Estate Direct Staff Report Voya Investment Management has provided $23.25 million of mortgage financing against the 105-unit Align Apartments in the Seattle suburb of Federal Way, Wash. Northmarq arranged the four-year loan on behalf of the...

Puget Sound Business Journal Ares Management has paid $55 million, or $222.77/sf, for Tacoma Central Logistics, a 248,000-square-foot industrial property in Tacoma, Wash. The Los Angeles investor acquired the property, at 1950 State St., from its developer, Davis...

Denver Business Journal Stonemont Financial Group and PCCP have paid $117 million, or $182.53/sf, for North Central Logistics Center, a three-building industrial property with 641,000 square feet in Denver. The property is just one of the 38 that...

Tampa Bay Business Journal A joint venture led by Broad Creek Capital has paid $67 million, or $212,698/unit, for The Crossings at Palm Aire, a 315-unit apartment complex in Sarasota, Fla. The Washington, D.C., investment firm teamed with...

Philadelphia Business Journal Zamir Equities is offering for sale a three-building office portfolio in Philadelphia's Southern New Jersey suburbs totaling more than 315,000 square feet. The New York investor has hired Marcus & Millichap to market the properties,...

Multi-Housing News Bridge Investment Group has paid $50.1 million, or $278,333/unit, for the 180-unit River Ridge apartments in Tualatin, Ore., about 13 miles southwest of downtown Portland, Ore. The Salt Lake City investor acquired the property from Security...

Atlanta Business Chronicle An affiliate of Saratoga Capital Partners has paid $98.4 million, or $292,857/unit, for Generation Atlanta, a 336-unit apartment community in Atlanta. The New York private equity firm acquired the property at a recent foreclosure auction....

Commercial Real Estate Direct Staff Report Wells Fargo Bank provided $136.5 million of mortgage financing to help facilitate Canyon Creek Real Estate's acquisition of the 519,959-square-foot 111 Congress office building in downtown Austin, Texas. As reported, the Fort...

Sixth Street Partners has paid $190 million, or $1.34 million/room, for the 142-room Pier House Resort & Spa on Key West, Fla. The San Francisco investment manager bought the oceanfront property, on a six-acre parcel at 1 Duval...

Greystar has paid $39.66 million, or $147,985/unit, for the 268-unit Avana Bartram Springs apartment complex in Jacksonville, Fla. The Charleston, S.C., investment manager bought the property, at 14951 Walden Springs Way, from Fogelman Properties of Memphis, Tenn., which...

South Florida Business Journal Willis Lease Finance Corp. has paid $118 million, or $314.74/sf, for the 374,910-square-foot Cocomar Business Park that's currently under construction in Coconut Creek, Fla. The local aviation leasing and services company purchased the industrial...

Commercial Real Estate Direct Staff Report H&R REIT, one of Canada's largest REITs, has reached an agreement to sell itself in a deal valued at roughly $4.81 billion, including assumed debt. The Toronto company is selling its apartment...

Ashford Hospitality Trust has sold the 358-room Hyatt Regency Long Island hotel in Hauppauge, N.Y., for $26.5 million, or $74,022/room. The Dallas REIT sold the 37-year-old property, at 1717 Motor Parkway, to a partnership of two investor groups...

Sixteenth Floor Residential has paid $64.4 million, or $221,306/unit, for Crest at Brier Creek, a 291-unit apartment property in Raleigh, N.C. The El Paso, Texas, nonprofit acquired the property, on 14.48 acres at 6450 Viewpointe Circle, from Millburn...