The Pinnacle Group has paid $53 million, or roughly $166,667/unit, for 318 unsold residential condominium units at the MeadowWood at Gateway in Brooklyn, N.Y. A venture of Taconic Investment Partners and Ares Management sold the units and was...

Prudential Real Estate Investors has paid $110 million for a portfolio of three seniors-housing properties with 391 units in Tennessee and Connecticut, marking the first investment for its Senior Housing Partnership Fund V. The fund earlier this month...

Commercial Real Estate Direct Staff Report A venture of Swig Co. and Intercontinental Real Estate Corp. has obtained an undisclosed amount of floating-rate debt financing from Bank of America to fund its acquisition of a 408,000-square-foot office building...

Commercial Real Estate Direct Staff Report Newport Capital Partners, a Chicago investment manager with about $200 million of assets under management, is in the market to raise up to $200 million for its second investment fund. The company's...

Starwood Mortgage Capital has provided $18.6 million of mortgage financing against Sedona's Plaza at Lakes on the Green, a 129,000-square-foot shopping center in Miami. The property, at 18600 Northwest 87th Ave., is owned by Aztec Group of Miami....

Commercial Real Estate Direct Staff Report The Los Angeles County Employees Retirement Association has issued a request for proposals from real estate consultants that would advise it in areas that include setting strategies and selecting managers for its...

Walker & Dunlop has provided $80 million of Fannie Mae financing against the 310-unit North Park Apartments in the Washington, D.C., suburb of Chevy Chase, Md. The 10-year loan pays a 3.82 percent coupon and requires only interest...

  A venture led by NorthStar Realty Finance Corp. has completed its $875 million purchase of a portfolio of 32 independent-living facilities from Holiday Retirement. To fund its purchase, NorthStar, and its affiliated NorthStar Healthcare Income Inc. lined...

Commercial Real Estate Direct Staff Report JPMorgan Asset Management paid $145.8million, or roughly $413/sf, for two office buildings with 353,000 square feet in the Washington, D.C., suburb of Bethesda, Md. As reported, the New York investment manager purchased...

CIM Group, the Los Angeles investment manager that five years ago helped launch conduit-lending behemoth Cantor Commercial Real Estate, is suing its partner in the venture, Cantor Fitzgerald, claiming it had collected excessive fees. According to a report...

  Tom Bohlinger has joined the Los Angeles office of JLL as an executive vice president in investment sales from a similar position at CBRE, where he had worked the past 20 years. Bohlinger has completed more than...

  Commercial Real Estate Direct Staff Report Hospitality Properties Trust has agreed to pay a venture led by Driftwood Hospitality Management $77.3 million, or $212,362 /room, for the 364-room Crowne Plaza Denver Downtown hotel. The property, at 1450...

Commercial Real Estate Direct Staff Report A venture of Swig Co. and Intercontinental Real Estate Corp. has paid $150 million, or $368/sf, for 6300 Wilshire Blvd., a 408,000-square-foot office building in Los Angeles. The 22-story property, which backs...

Capital Properties has paid $34 million, or roughly $438/sf, for Long Wharf, a 77,600-square-foot office and retail property in Boston. The New York company purchased the property, which consists of the four-story Gardiner Building at 60 Long Wharf...

SunTrust Bank has teamed with Federal Capital Partners to provide $29.3million of financing against a 171-unit apartment property at 104 Dartmouth Road in Raleigh, N.C., that Kane Realty Corp. is developing. The financing consists of a $24.5 million...

Mesa West Capital has provided $55 million of mortgage financing against the 393-room Hilton Crystal City in the Washington, D.C., suburb of Arlington, Va. The hotel, at 2399 Jefferson Davis Highway, is owned by JBG Cos., which has...

Commercial Real Estate Direct Staff Report Clarion Partners has paid $48.75 million, or roughly $394/sf, for 100 Franklin St., a123,860-square-foot office and retail building in Boston. The investment manager acquired the nine-story building from Synergy Investments, which had...

  Pebblebrook Hotel Trust has paid $185.5 million for the 189-room LaPlaya Beach Resort in Naples, Fla., as well as its adjoining LaPlaya Beach Club, a private members club. The Bethesda, Md., REIT bought the properties from a...

Commercial Real Estate Direct Staff Report The $64.2 million CMBS loan against two buildings with 261,084 square feet of office and retail space at Washington, D.C.'s Watergate complex is coming due in six months and Morningstar Credit Ratings...

Commercial Real Estate Direct Staff Report Oak Street Real Estate Capital is looking to raise up to $400 million of equity commitments for an investment fund that will pursue net-leased properties. Its Oak Street Real Estate Capital Fund...

A venture led by Strategic Hotels & Resorts Inc. has sold the 417-room Hyatt Regency La Jolla for $118 million, or nearly $283,000/room. Strategic Hotels owned a 53.5 percent stake in the property, with the Government of Singapore...

Commercial Real Estate Direct Staff Report Mesa West Capital has raised $800 million of equity commitments for its Mesa West Core Lending Fund, the only open-end investment fund that invests exclusively in commercial mortgages. The Los Angeles investment...

Carter Validus Mission Critical REIT Inc. has completed its $117 million, or $531.80/sf, purchase of a portfolio of 20 medical-office buildings from 21st Century Radiation Oncology. The Tampa, Fla., REIT, whose shares do not trade on any exchange,...

Brickman has paid $20.65 million, or roughly $301/sf, for a 68,526-square-foot office building at 186 Lincoln St. in Boston. The New York investor purchased the nine-story building from Morris & Morse Co. of Boston. It has lined up...

Transwestern arranged the sale of the Coves at Chesapeake, a 469-unit apartment property in the Washington, D.C., suburb of Glen Burnie, Md. As reported, Quest Management Group of Baltimore acquired the property, at 6533 Cedar Furnace Circle, for...