Kushner Cos. has teamed with KABR Group to pay $27 million for a two-acre site at One Journal Square in Jersey City, N.J., that's entitled for mixed-use space. The site could be developed into some 1,500 apartment units,...

Ashford Hospitality Trust Inc. has lined up four loans totaling $478 million, allowing it to pay off $354 million of existing debt and generate $107 million of excess proceeds. The debt that was paid off was comprised of...

Commercial Real Estate Direct Staff Report The Teacher Retirement System of Texas is Camden Property Trust's partner in two investment funds whose termination dates were recently expanded by eight years to 2026. The Texas pension fund, which had...

Commercial Real Estate Direct Staff Report KBS REIT III Inc., which last month agreed to pay $146.8 million for 3003 Washington Blvd., a recently built office property with 211,170 square feet in Arlington, Va., has negotiated the $9.6...

Madison International Realty has acquired 5.3 percent of Monogram Residential Trust Inc., the former Behringer Harvard Multifamily REIT I Inc. The New York investment manager, which focuses on buying partial interests in properties, portfolios and companies, said its...

Metropolitan Life Insurance Co. has provided $225 million of financing against the 510-room JW Marriott Essex House hotel in Manhattan. The three-year loan, which could be extended for up to two additional one-year terms, pays a rate pegged...

Douglas Emmett Inc. has paid $146 million, or nearly $312,000/unit for the 468-unit Waena Apartments in Honolulu. The Los Angeles investor bought the property, at 1320 Aala St., from Carmel Partners, which had acquired it in 2007, when...

Cousins Properties Inc. has sold the 980,000-square-foot office building at 777 Main St. in Forth Worth, Texas, for $167 million, or roughly $170.41/sf. The Atlanta REIT sold the property to the Brookdale Group of Atlanta in a deal...

  Commercial Real Estate Direct Staff Report Camden Property Trust has extended the termination dates of two investment funds that it manages by eight years to 2026 and plans to launch a third fund that, like the first...

RCR Management has paid $36 million, or roughly $189,473/ unit, for Wadsworth Gardens, a 190-unit apartment property in the Washington Heights section of Manhattan. The New York company acquired the 86-year-old property, which is comprised of two six-story...

An investor group led by Gvest Capital and Trinvest LLC has paid $60 million, or $250/sf, for the BB&T headquarters building at 200 West Second St. in Winston-Salem, N.C. The venture bought the 20-story office building from Inland...

A Florida investor group has paid $31.5 million, or $105,000/unit, for Emerald Place, a 300-unit apartment property in Hollywood, Fla. The group, led by Sumentra Persaud of Fort Lauderdale, Fla., purchased the property from Holly Real Estate of...

Associated Estates Realty Corp., which earlier this year was urged to revamp its management or put itself up for sale, yesterday said it had tapped Citigroup to review its strategy, portfolio and general business. In addition, the Cleveland-area...

Commercial Real Estate Direct Staff Report Universe Holdings, a Los Angeles multifamily investor with big expansion plans for 2015, is in the market to hire an investment-sales professional who could help it raise equity for acquisitions, and arrange...

Avery Hall Investments has paid $52.2 million, or roughly $621,428/unit, for the Bergen, an 84-unit upscale apartment property in the Boerum Hill neighborhood of Brooklyn, N.Y. The New York company purchased the property from the Naftali Group, which...

Commercial Real Estate Direct Staff Report CWCapital Asset Management has filed to foreclose on a loan against the Richmond Square Mall in Richmond, Ind. At the same time, it's in talks with the tenant-in-common group owns the property...

Granite REIT has agreed to pay $68.75 million for two distribution buildings with 1 million square feet and 29 acres of development land in the Indianapolis suburb of Plainfield, Ind. The portfolio's owner, electronics products distributor Ingram Micro...

NorthMarq Capital has provided $24 million of Fannie Mae financing against the Honeyman Hardware Lofts, a 100-unit apartment property in downtown Portland, Ore. The loan has a seven-year term and amortizes on a 30-year shedule. The property was...

USAA Real Estate Co. has sold the 1.54 million-square-foot Sierra Commerce Park in Reno, Nev., for $49 million, or about $33/sf, to LBA Realty. The property consists of six warehouse-distribution buildings along East Greg Street, East Glendale Avenue...

Midwest Real Estate News Dalfen America Corp., a Montreal investment manager, took an Indianapolis industrial building with 82,788 square feet by foreclosing against a $4.2 million mortgage that it had purchased. The loan against the property at 4101...

Steadfast Apartment REIT Inc. has paid $40 million, or $158,730/unit for the Oasis, a 252-unit apartment property in Colorado Springs, Colo. The Irvine, Calif., REIT, whose shares do not trade on any exchange, bought the 18-year-old property, at...

Toll Brothers has paid $135 million for a development site at 122 East 23rd St. in Manhattan's Gramercy Park neighborhood that is approved for 180,000 square feet of residential and retail space. A previous story overstated the amount...

HFF has originated $118 million of fixed-rate Freddie Mac financing against K2, a 496-unit apartment property that was recently purchased by Georgetown Co. for $214.5 million, or roughly $432,460/unit. The 10-year loan was written under Freddie's capital markets...

Stiles Corp. has ventured with Prudential Real Estate Investors to pay $108 million, or nearly $383.40/sf for the New River Center, a 281,713-square-foot office building at 200 East Las Olas Blvd. in Fort Lauderdale, Fla. The venture bought...

TIAA-CREF has acquired a 18,280-square-foot retail condominium at 636 Sixth Ave. in the Chelsea neighborhood of Manhattan. The New York investment manager acquired the retail space, that's fully occupied by CVS, from a venture of William Macklowe Co....