Nightingale Properties has paid $39 million, or roughly $136/sf, for Seven Penn Center, a 286,574-square-foot office property at 1635 Market St. in Philadelphia. The New York company acquired the property from the Arden Group, which was represented by...

Commercial Real Estate Direct Staff Report Dan Ogden, a former executive vice president at Archstone, has joined Universe Holdings, a Los Angeles apartment specialist, as chief operating officer. In his newly created post, Ogden will assume some of...

Commercial Real Estate Direct Staff Report Pantzer Properties has paid $120 million, or roughly $341,880/unit, for the Crest at Fort Lee, a 351-unit apartment property in Fort Lee, N.J. The New York company acquired the property, at 900...

Wells Fargo Bank has provided $45 million of floating-rate financing against the Family Center at Taylorsville, a retail property in the Salt Lake City suburb of Taylorsville, Utah. The three-year loan was arranged by HFF on behalf of...

Commercial Real Estate Direct Staff Report The CMBS trust that held an $85 million loan against the Pier Shops at Caesars in Atlantic City, N.J., suffered a $103 million loss as a result of the 303,788-square-foot retail property,...

Commercial Real Estate Direct Staff Report The U.S. Senate adjourned Wednesday without acting on a bill that would extend the government's terrorism insurance backstop program beyond its Dec. 31 expiration. Lenders typically require coverage against acts of terrorism,...

Class Amt $mln Sub Level% Avg Life (yrs) RatingMoody's RatingDBRS RatingKroll  Pricing % Yield% Final Pricing (bp) Bnch mark A-1 59.05 30.00 3.02  Aaa AAA  AAA 100.000 1.580 +40  swaps A-2 211.65 30.00 4.89  Aaa  AAA  AAA 103.000...

KBS REIT III Inc. has agreed to pay $146.8 million, or $695/sf, for 3003 Washington Blvd., a recently completed office building with 211,170 square feet in Arlington, Va. The Newport Beach, Calif., REIT, whose shares do not trade...

Guggenheim Commercial Real Estate Finance has provided $150 million of mortgage financing against 125 Summer St., a 475,303-square-foot office property in Boston's Financial District that was acquired by Oxford Properties Group earlier this year for $242.5 million, or...

Commercial Real Estate Direct Staff Report ARC Realty Finance Trust Inc. has funded a $34.5 million senior loan against 3 Gateway Center, in order to facilitate the purchase of the Newark, N.J., office building by Rugby Realty Co....

A venture of investment managers Banyan Street Capital and Oaktree Capital Management purchased 19 office buildings with 2.1 million square feet from Parkway Properties Inc. The venture paid $237 million for the portfolio, whose properties are in Florida,...

CBRE Global Investors has paid $164.5 million, or roughly $260,697/unit, for the Residences at Springfield Station, a 631-unit apartment property in the Washington, D.C., suburb of Springfield, Va. The Los Angeles investment manager acquired the property from a...

Lionstone-Hermes Real Estate Venture has paid $78.9 million, or roughly $325/sf, for 100 M St. SE, a 243,000-square-foot office property in Washington, D.C. Northwood Investors sold the property, which it had bought four years ago for $57 million....

Pacific Life Insurance Co. has provided a $61.75 million construction/permanent loan against the Exhibit, a 120-unit apartment property that Parkland Group is developing at 60 Fulton St. in lower Manhattan. The loan, which was arranged by HFF, matures...

CBRE arranged the sale of the Quorum Business Center, a 398,591-square-foot office and industrial property in the Fort Lauderdale, Fla., suburb of Deerfield Beach, Fla. As reported, Ivy Equities paid $51 million, or about $127.95/sf, for the property...

GI Partners has paid $322.5 million, or roughly $1,112/sf, for a 289,900-square-foot research and manufacturing property at 9911 Belward Campus Drive in Rockville, Md. The San Francisco company acquired the property from BioMed Realty Trust Inc., which was...

Vornado Realty Trust has named its proposed spin-off Urban Edge Properties. The company will own 79 strip shopping centers, three shopping malls and a warehouse complex with a total of 14.9 million square feet. The spin-off is expected...

Clyde W. Robinson Jr. has joined ASB Real Estate Investments as managing director and head of client services. He's replacing Judy McCoy, who has been with the Washington, D.C., investment manager for 15 years. McCoy will continue as...

Digital Realty Trust Inc. has hired HFF to market for sale 833 Chestnut St. in Philadelphia. As reported, the San Francisco REIT is offering the 654,758-square-foot data-center and office building, which is 92 percent leased to tenants that...

The 1 million-square-foot portfolio of office buildings that were owned by Corporate Office Properties Trust that backs a $146.4 million CMBS loan has been hit with a $56.3 million appraisal reduction amount. According to TreppWire, which highlighted the...

Allianz Real Estate of America and Manulife have formed a venture that will invest up to $1 billion in commercial real estate in the United States. As part of their agreement, Allianz, an affiliate of German insurer Allianz...

Class Amt $mln Sub Level% Avg Life (yrs) RatingDBRS RatingKroll RatingMoody's Pricing % Yield% Final Pricing (bp) Bnch mark A-1 57.46 30.00 2.67  AAA  AAA  Aaa 99.999 1.420 +38  swaps A-2 63.92  30.00 4.90  AAA  AAA  Aaa 102.999 ...

Commercial Real Estate Direct Staff Report The $204.3 million CMBS loan against 1440 Broadway, a 755,679-square-foot office building in midtown Manhattan, has been paid off. The loan was securitized through Greenwich Capital Commercial Funding Corp., 2005-GG3. It paid...

Monmouth Real Estate Investment Corp. has paid $28 million, or $46.70/sf, for 1509 Leestown Road, a 599,840-square-foot industrial building in Frankford, Ky., that is fully leased on a net basis to Beam Inc. The property is on a...

Ryan Carlie, a former senior associate at JLL's St Louis office, has joined Opus Development Co. as manager of its operations in the Midwest city. He will focus on Opus' ongoing student-housing and mixed-use projects and pursue new...