Northmarq has originated $22.73 million of Fannie Mae financing against the 49-unit One West Drive apartment property in the Minneapolis suburb of Excelsior, Minn. The fixed-rate loan allowed the property's developer, a venture of Monarch Development Partners of...

Crain’s Chicago Business Kohan Retail Investment Group is in talks to buy the 1.5 million-square-foot Citadel Center office property in Chicago. The Great Neck, N.Y., investor would be buying the property, at 131 South Dearborn St., from a...

Commercial Real Estate Direct Staff Report Macerich Co. has negotiated a four-term term extension of the $200 million mortgage against its South Plains Mall in Lubbock, Texas, taking its maturity to November 2029. The Santa Monica, Calif., REIT...

Zeta Charter Schools has paid $25.5 million for the development site at 261 Walton Ave. in the Bronx, N.Y. The operator of charter schools, which has 11 schools in the Bronx, Queens and upper Manhattan, bought the site...

Commercial Real Estate Direct Staff Report BDT & MSD Partners, which holds a loan with a $165 million total commitment that it provided in 2022 to fund the construction of a 380-unit apartment property at 44-02 Vernon Blvd....

Commercial Real Estate Direct Staff Report David Werner Real Estate Investments, which three years ago purchased the Arcola Corporate Campus, comprised of 14 laboratory and research and development buildings with 1.85 million square feet from Pfizer Inc. in...

Commercial Real Estate Direct Staff Report Five apartment buildings with 291 units in the Kingsbridge section of the Bronx, N.Y., owned by landlord Barry Singer and that back a $39 million CMBS loan  have accumulated 1,130 violations of...

PNC Bank has provided $24.28 million of financing for the construction of Ravine Ridge, a 138-unit apartment property in Port Orchard, Wash. The property is being developed by Legacy Partners and Silverpeak Real Estate Partners at 2864 Harold...

Commercial Property Executive AEW Capital Management has paid $83.2 million, or $211.76/sf, for a three-building industrial property totaling 392,900 square feet at 12910, 12920, and 12930 Old Virginia Road in Reno, Nev. The Boston investment manager acquired it...

South Florida Business Journal Dermot Co. has bought the 340-unit Quaye Apartments in Palm Beach Gardens, Fla., for $131.8 million, or $387,647/unit. The New York company purchased the property from an affiliate of PGIM Real Estate of Newark, N.J.,...

Atlanta Business Chronicle UBS Realty Investors has bought SkyHouse Buckhead, a 362-unit apartment building in Atlanta for $83.4 million, or $230,387/unit. The Hartford, Conn., company purchased the 26-story property from Novare Group, an Atlanta developer that built it...

First Farmers Bank & Trust has provided $26 million of financing for the construction of the 17-unit ONE15 Lofts on Kirkwood residential condominium buildings in Bloomington, Ind. The three-year loan was arranged by Maverick Commercial Mortgage of Chicago...

Commercial Real Estate Direct Staff Report Bridge Investment Group has paid $77.8 million, or $232,238/unit, for the Ridge and the Shores, two adjacent apartment properties with 335 units in the Seattle suburb of Federal Way, Wash. The Salt...

Greystone has provided a total of $80.93 million of debt and equity against a portfolio of 10 affordable housing apartment properties with 640 units in rural regions of North Carolina. The New York lender provided $52.52 million of...

Commercial Real Estate Direct Staff Report Hamilton Zanze has paid $75 million, or $234,375/unit, for the 320-unit Fairways on Green Valley apartment property in the Las Vegas suburb of Henderson, Nev. The San Francisco investment manager acquired the...

American Express Co. has formally leased all 2 million square feet of the proposed 2 World Trade Center office building in Lower Manhattan, paving the way for construction to get underway. The property is being developed by a venture...

Commercial Observer A venture of AM Property Holding Corp. and DelShah Capital has agreed to pay $135.7 million, or $359.95/sf, for the 377,000-square-foot CitySpire office building at 156 West 56th St. in Midtown Manhattan. It's buying the property...

KeyBank has provided a $130 million senior secured credit facility against a portfolio of 14 industrial outdoor storage properties with 130 acres owned by a newly formed venture between Zenith Industrial Outdoor Storage and JPMorgan Asset Management. Zenith...

South Florida Business Journal The Berritto Family Office has paid $92.75 million for a portfolio of three office and retail properties totaling 316,215 square feet in Boca Raton, Fla. The Fort Lauderdale, Fla., family office purchased the properties...

  Class Amt $mln Sub Level % Avg Life (yrs) Rating Moody's Rating Fitch Rating Kroll Price % Yield % Final Pricing (bp) Bnch mrk A-1 8.602 30.00 1.81 Aaa AAA AAA J-spread A-2 7.56 30.00 3.26 Aaa...

Commercial Observer Corebridge Financial has provided a $46 million loan against the 79-unit Pleasantville Lofts in Pleasantville, N.Y. The property was developed in 2023 by Vito and Jordan Errico, who founded the Equinox fitness center chain. They funded...

Commercial Real Estate Direct Staff Report The California Public Employees' Retirement System has provided $780 million of mortgage financing against the 1.7 million-square-foot 787 Seventh Ave. office building in midtown Manhattan. The loan allowed the property's owner, an...

Banco Inbursa has provided $150 million of financing to fund the construction of the 620-unit first phase of the Wharton Piers mixed-use project along the Delaware River in Philadelphia. The project is being developed by Brevet Capital, a...

Tampa Bay Business Journal Horizon Realty Advisors has purchased the Niche, a 251-unit apartment property in Tampa, Fla., for $57 million, or $227,092/unit. The Seattle company bought the six-story property from a venture of Wingspan Development Group and...

Commercial Real Estate Direct Staff Report An investment group led by Step Up Housing has paid $75 million, or $275,735/unit, for Hancock Terrace, a 272-unit apartment property in Santa Maria, Calif. The Santa Monica, Calif., company, along with...