Commercial Real Estate Direct Staff Report Noble Investment Group has raised $233 million for its latest investment fund, Noble Hospitality Fund III. The vehicle is a follow-up to the Atlanta investment manager's Fund II, which has fully invested...

Commercial Real Estate Direct Staff Report A venture of Angelo, Gordon & Co. and Parallel Capital Partners Inc. is offering for sale 1833 Kalakaua Ave., a 97,585-square-foot office building, along with a nearby parking garage in Waikiki, Hawaii....

Commercial Real Estate Direct Staff Report A venture led by Buccini/Pollin Group, which purchased the DoubleTree by Hilton DFW Airport North late last year, has syndicated a chunk of equity in the property through the crowdfunding market. The...

Lone Star Funds is offering for sale a portfolio of five office buildings with 246,225 square feet in the North Druid Hills/Interstate 85 submarket of Atlanta. The Dallas investment manager has hired HFF to market the portfolio, which...

Meridian Capital Group arranged Annaly Commercial Real Estate Group's $592 million loan against a portfolio of 24 Manhattan apartment buildings that recently were acquired by a Blackstone Group-led venture. The five-year loan was used by Blackstone Real Estate...

Decron Properties Corp. has paid $112 million, or nearly $249,000/unit, for the eaves Carlsbad, a 450-unit apartment complex at 2262 Avenida Magnifica in the San Diego suburb of Carlsbad, Calif. The property is the first in the San...

Kearny Real Estate Co. has paid $29.2 million, or roughly $161.30/sf, for the Mission Center Office Park, a 181,000-square-foot office complex in San Diego's Mission Valley area. The two-building complex, at 5353 Mission Center Road, was purchased from...

Commercial Real Estate Direct Staff Report Roughly $2 billion of previously delinquent CMBS loans were either cured or paid off last month, contributing to a sharp decline in their delinquency rate, to 5.28 percent from 5.45 percent in...

UBS Real Estate Securities and Square Mile Capital Management have provided a total of $65 million of senior and mezzanine financing against the Panoramic, a recently constructed apartment building with 160 units in San Francisco. UBS funded a...

Commercial Real Estate Direct Staff Report The national vacancy rates for malls and shopping centers both held flat during the third quarter, and are essentially unchanged over the past three quarters, according to Reis Inc. The New York...

Commercial Real Estate Direct Staff Report CBRE Global Investors has paid $85.3 million, or about $205/sf, for 7000 Central Park, a 415,324-square-foot office property in Atlanta's central perimeter submarket. The Los Angeles investment manager purchased the property, at...

CBL & Associates Properties Inc. said it has lined up a new $276 million mortgage against its Oak Park Mall in Overland Park, Kan. The loan has a 10-year term and pays a coupon of 3.97 percent. That...

Tamares Group teamed with Ilmarinen Mutual Pension Insurance Co. in its purchase of the 800,000-square-foot office property at 7950 Jones Branch Drive in McLean, Va. Ilmarinen is one of the largest pension funds in Finland, with $41 billion...

Commercial Real Estate Direct Staff Report An affiliate of H/2 Capital Partners has provided $285 million of senior financing and a Paramount Group fund has provided $40 million of mezzanine debt against 1440 Broadway, a 755,679-square-foot office property...

Commercial Real Estate Direct Staff Report The $12.3 million B-note against Atlanta's Paces West office property in Atlanta could very well see a recovery of roughly $8.7 million as a result of the property's sale, according to analysis...

Berkadia has hired a team of apartment investment-sales professionals from Cushman & Wakefield's San Diego office. The team is led by Ed Rosen and John Chu, who have been named managing directors, and includes Kyle Pinkalla, director, Erin...

Steadfast Apartment REIT Inc. has purchased a pair of apartment properties with 654 units in Oklahoma City and the Dallas area for a total of $88.45 million, bringing its portfolio to 24 properties with 7,891 units in 11...

Commercial Real Estate Direct Staff Report The apartment sector's peak might have passed. According to Reis Inc., the sector's vacancy rate increased by 10 basis points during the third quarter, to 4.3 percent. That's up to where it...

JPMorgan Chase Bank has provided $350 million of mortgage financing against 174,000 square feet of retail space at the base of 731 Lexington Ave., a mixed-use building in midtown Manhattan. The three-year loan has a rate pegged to...

Commercial Real Estate Direct Staff Report New York REIT Inc., which has faced pressure from investors to sell itself, has hired Eastdil Secured to evaluate strategic transactions. Its latest effort would supplement an earlier attempt by the company...

Hudson Pacific Properties has sold the 260,183-square-foot Bay Park Plaza office property in Burlingame, Calif., to H&Q Asia Pacific for $90 million, or $345.90/sf. The Los Angeles REIT had acquired the property earlier this year as part of...

Blackstone Group has raised $15.8 billion of equity commitments for its latest investment fund, according to a report by Reuters. That tops the $15 billion target it previously had set. The fund, Blackstone Real Estate Partners VIII, will...

Commercial Real Estate Direct Staff Report As expected, Las Ventanas, a 71-room resort hotel in San Jose del Cabo, Mexico, has been released from the collateral pool of a $96.4 million CBMS loan against the property and two...

Commercial Real Estate Direct Staff Report Velocis Partners is in the market to raise $300 million of equity for its second fund. The Dallas investment manager's Velocis Fund II has thus far raised about $120 million that includes...

Contrarian Capital Management has sold the stake it held in 700 and 850 Canal St. in the South End area of Stamford, Conn., in a deal that valued the 157,310-square-foot office property at $38.75 million. It sold its...