The two Pittsburgh-area shopping malls that Pennsylvania REIT has agreed to sell have a combined 1.4 million square feet. A story published on April 29, "PREIT to Sell 2 Pittsburgh-Area Malls," reported an incorrect size. PREIT carries the...

Nicholas Radesca, chief financial officer of Realty Finance Trust Inc., the former ARC Realty Finance Trust Inc., has resigned and been replaced by Donald R. Ramon. Ramon previously was chief financial officer of American Realty Capital Trust V...

Starwood Capital Group has acquired a portfolio of 50 extended-stay hotels with 6,106 rooms from affiliates of Mount Kellett Capital Management. The Greenwich, Conn., investment manager said it would add the properties to its InTown Suites operation. Three...

Commercial Real Estate Direct Staff Report Capital One Multifamily Finance has provided a $59 million Fannie Mae loan against 1501 Lexington Ave., a 160-unit apartment property in the Upper East Side of Manhattan that was recently purchased by...

George Stecz has joined the Columbus, Ohio, office of DTZ as senior managing director of capital markets from the cross-town office of rival brokerage CBRE, where he was a first vice president. At CBRE, Stecz completed more than...

Moody National REIT I Inc. has struck a deal to pay $1.725 billion for a portfolio of 149 hotels throughout the United States. The company, which disclosed the prospective purchase in a regulatory filing, did not identify the...

The 107,921-square-foot Trolley Square shopping center in East Haven, Conn., has sold for $22 million, or about $203.85/sf. New York investor Leslie Garfield acquired the property, at 360 Hemingway Ave., from an investor group as part of a...

Aareal Capital Corp. has provided a $60 million mortgage against 240 West 40th St., a 163,115-square-foot office building in the Garment District of Manhattan. The financing facilitated the property's $85 million, or roughly $521/sf, purchase by a venture...

Commercial Real Estate Direct Staff Report Rialto Capital Management, one of the most-active buyers of CMBS B-pieces, has raised $300 million of equity commitments for its mezzanine-debt investment fund. The company, an investment management unit of Miami homebuilder...

Class Amt $mln Sub Level% Avg Life (yrs) RatingMStar RatingS&P Pricing % Yield% Final Pricing (bp) Bnch mark A 255.46 67.037 2.0 AAA AAA     +139 Libor B 93.12 55.022 2.0 AA-  AA-     +192 Libor...

A unit of Mesirow Financial has paid $650.3 million, or $464.50/sf, for 1 Verizon Way, the 1.4 million-square-foot Verizon operations center in Basking Ridge, N.J. The unit, Mesirow Realty Sale-Leaseback Inc., bought the property from Verizon Communications Inc.,...

Ashford Hospitality Trust Inc. has agreed to pay $224 million, or $179,056/room, for a portfolio of nine hotels with 1,251 rooms in seven states. The Dallas REIT is buying the portfolio from Rockbridge Capital Group, a Columbus, Ohio,...

Commercial Real Estate Direct Staff Report Blackstone Mortgage Trust Inc. has provided $320 million of financing against the 811,791 square feet of office space at the Woolworth Building in lower Manhattan. The floating-rate mortgage matures in two years,...

Quadrant Real Estate Advisors has provided $38.3 million of financing against the 166,234-square-foot Paoli Shopping Center in the Philadelphia suburb of Paoli, Pa. Quadrant provided the 10-year loan on behalf of an institutional investor. It was arranged by...

Tom Meunier, former vice president at HomeStreet Bank, has joined Greystone as a managing director in its commercial real estate mortgage lending unit in Newport Beach, Calif. Meunier had been with HomeStreet, a Seattle lender that writes loans...

Commercial Real Estate Direct Staff Report Dan Gorczycki, former managing director and head of capital markets at Savills Studley, has joined Avison Young as a senior director in its New York office. At Avison, a Toronto real estate-services...

SL Green Realty Corp. has agreed to pay $2.29 billion, or $993.50/sf, for 11 Madison Ave., a 2.3 million-square-foot office property in the Flatiron District of Manhattan. As reported, the New York REIT is buying the property, which...

Chris Phaneuf, former senior vice president at Eastdil Secured, has joined HFF as a managing director in Boston. He'll handle the sale of office, multifamily and retail properties and will help build a national platform for the sale...

WPT Industrial REIT has hired Eastdil Secured and CBRE as financial advisers to help it explore strategic alternatives. The Toronto company, which was formed in 2013 by Welsh Property Trust of Minnetonka, Minn., also has hired Goodmans LLP...

Commercial Real Estate Direct Staff Report Carey Watermark Investors 2 Inc. has paid $60 million, or $312,500/room, for the 192-room Courtyard Nashville Downtown hotel. The New York REIT, whose shares do not trade on any exchange, has committed...

Commercial Real Estate Direct Staff Report SandRidge Energy Inc. is putting four properties that it owns in Oklahoma City on the sales market. The properties include the SandRidge Tower, formerly known as the Kerr-McGee Tower, with 500,000 square...

The $140 million loan that Voya Investment Management provided against the 1.2 million-square-foot Palm Springs Mile retail property in the Miami suburb of Hialeah, Fla., pays a coupon of 4.5 percent. The loan, which was arranged by David...

Rexford Industrial Realty Inc. has acquired three Southern California industrial buildings for $29 million. “The acquisitions of these 100% occupied industrial properties are excellent examples of the creative off-market and value-add investment opportunities we are able to source...

Pembrook Capital Management has provided $20 million of senior mortgage financing against 468 Columbus Ave., a vacant three-story retail building on Manhattan's Upper West Side that's slated to be redeveloped. The loan was written to help fund the...

The $215 million Freddie Mac loan that KeyBank Real Estate Capital provided against the 1,283-unit Harbor Point apartment property in Boston pays a sub-3.65 percent coupon. As reported, the debt was used to defease, or replace with government...