Griffin Capital Essential Asset REIT II Inc. has paid $17.75 million, or about $148/sf, for an Auburn Hills, Mich., building with 120,000 square feet of office and research and development space. General Development Co. of Southfield, Mich., sold...

Blackstone Real Estate Partners VIII LP has agreed to acquired BioMed Realty Trust Inc. for $23.75/share, valuing the San Diego REIT at just more than $8.1 billion. BioMed was formed in 2004 by the former Bernardo Property Advisors...

Commercial Real Estate Direct Staff Report Tribune Media Co. is in the market to sell its 940,000-square-foot headquarters building in downtown Chicago. The broadcasting company listed the Tribune Tower and its surrounding three acres at 425 North Michigan...

Kimco Realty Corp. has taken full ownership of Conroe Marketplace, a 289,322-square-foot retail property in Conroe, Texas, in a deal that valued the property at $64.2 million, or about $222/sf. The New Hyde Park, N.Y., REIT paid $54.4...

Cushman & Wakefield represented the venture between SL Green Realty Corp. and Onyx Equities in its sale of the 603,680-square-foot Meadows office property in Rutherford, N.J. The property, which consists of two 12-story buildings at 201 and 301...

Class Amt $mln Sub Level% Avg Life (yrs) RatingS&P RatingMStar Pricing % Yield% Final Pricing (bp) Bnch mark A 337.70 48.009 4.87 AAA AAA 103.000 2.672 +125 swaps B 73.50 36.693 4.87 AA- AA- 103.000 3.272 +185 swaps...

Commercial Real Estate Direct Staff Report Moody's Investors Service, for the first time in more than half a year, is giving its rating to a conduit deal's bond class that is junior to the A-S class. The rating...

Vanbarton Group has paid $133 million, or $836.30/sf, for Riverdale Crossing, a 159,037-square-foot retail center in the Bronx, N.Y. The New York investment manager, led by Gary M. Tischler and Richard A.C. Coles, is the former Emmes Asset...

Landesbank Hessen-Thuringen Girozentrale has provided a $71.1 million construction loan for a 240-unit apartment property at 1346-1356 Boylston St. in the Fenway neighborhood of Boston. Skanska USA is developing the 17-story property, which will include 7,050 square feet...

PNC Bank has provided a $35 million loan against One Washington Mall, a 156,145-square-foot office building in Boston's Financial District. The seven-year loan, which was arranged by Cushman & Wakefield, requires only interest payments for its full term....

  Hakim Holdings has paid $48 million, or $787/sf, for 9350 Wilshire Blvd., a 61,000-square-foot office building in Beverly Hills, Calif. The investment firm, led by brothers Alexander and Steven Hakim and their father, Kambiz Hakim, bought the...

Inland Real Estate Income Trust Inc. has paid $34.1 million, or $303.75/sf, for the Milford Marketplace, a 112,257-square-foot shopping center in Milford, Conn. The Oak Brook, Ill., REIT, whose shares do not trade on any exchange, purchased the...

Commercial Real Estate Direct Staff Report Tanger Factory Outlet Centers Inc. has sold five shopping centers with 610,655 square feet for $150.7 million. The portfolio's best performer, the 171,300-sf Tanger Outlet Barstow in Barstow, Calif., sold for $106.7...

TPG Capital has raised more than $2 billion of equity commitments for an investment fund that would focus on buying companies that own commercial real estate. Its TPG Real Estate Partners II vehicle will look to acquire full...

Inland Residential Properties Trust Inc. has paid $45.8 million, or $222,330/unit, for the Haven at Market Square, a 206-unit apartment property at 300 Cormorant Place in the Washington, D.C., suburb of Frederick, Md. The Oak Brook, Ill., REIT,...

Class Amt $mln Sub Level% Avg Life (yrs) RatingFitch RatingKroll RatingMoody's Pricing % Yield% Final Pricing (bp) Bnch mark A-1 34.00 30.00 2.88 AAA AAA Aaa 99.999 1.598 +63 swaps A-2 28.70 30.00 4.85 AAA AAA Aaa 102.995...

Commercial Real Estate Direct Staff Report The number and volume of CMBS loans that are in the hands of the industry's special servicers continued to decline last month and now comprise only 5.03 percent of the $645.3 billion...

Michael J. Bartolotta, Cushman & Wakefield's chief financial officer, has been named CFO and treasurer at VEREIT Inc., replacing Michael J. Sodo, who resigned this week. At VEREIT, a New York REIT that focuses on the net-lease sector,...

Friedkin Realty Group has sold the 384-unit Parkway Commons apartment complex in Carol Stream, Ill., for $47.6 million, or about $124,000/unit. It's also in the market to sell another four suburban Chicago complexes with a combined 1,492 units,...

San Francisco developer TMG Partners has lined up a $150 million separate-account investment from a foreign institutional investor that it will use to pursue value-add opportunities in the San Francisco Bay area. The investment capital, sourced through Park...

Rreef Property Trust Inc. has paid $27 million, or about $85,443/bed, for the 316-bed Flats at Carrs Hill student-housing property in Athens, Ga. The Kansas City, Mo., REIT, whose shares do not trade on any exchange, acquired the...

Commercial Real Estate Direct Staff Report Vestar Development Co., which recapitalized the Tempe Marketplace outside of Phoenix by bringing in AEW Capital Management as a partner, also lined up roughly $190 million of financing from Pacific Mutual Life...

Commercial Real Estate Direct Staff Report Commercial property prices increased by 160 basis points in August, extending their streak to 67 months. And for the first time, they have exceeded their previous peak, set in 2007, after adjusting...

AEW Capital Management has bought out Rockwood Capital's stake in the Tempe Marketplace, a 1.3 million-square-foot retail center in suburban Phoenix in a deal valuing the eight-year-old property at $367 million. The Boston investment manager bought the stake...

Commercial Real Estate Direct Staff Report Columbia Property Trust, which has been fine-tuning the makeup of its portfolio of properties, has tapped HFF to market for sale 100 East Pratt St., a 662,708-square-foot office property in Baltimore's Inner...