Apollo Commercial Real Estate Finance Inc. and Israel Discount Bank of New York have provided $87.3 million of floating-rate financing against 627 Greenwich St., a 106,400-square-foot commercial building that Brack Capital Real Estate plans to convert to residential...

Commercial Real Estate Direct Staff Report Capital One Multifamily Finance has written a $165 million Freddie Mac loan against West Coast, a 325-unit apartment property at 95-97 Horatio St. in Manhattan. The 10-year mortgage replaces an $85 million...

Principal Real Estate Investors has been selected by AustralianSuper, an Australian investment manager that oversees some $70 billion of assets, to make investments in office properties in the United States. The Des Moines, Iowa, investment manager will pursue...

KBS REIT III has agreed to pay $116.7 million, or roughly $377/sf, for Ten Almaden, a 309,225-square-foot office property in San Jose, Calif. The Newport Beach, Calif., REIT, whose shares do not trade on any exchange, is buying...

Lionstone Investments of Houston and Hermes Real Estate of England have formed a venture that has $250 million of equity to invest in U.S. office properties. The two firms said their venture will mirror Lionstone's established practice of...

Steadfast Apartment REIT Inc. has paid $49 million, or $98,000/unit, for 1800 Barrett Lakes, a 500-unit apartment property in the Atlanta suburb of Kennesaw, Ga. The Irvine, Calif., REIT, whose shares do not trade on any exchange, bought...

Regent Properties has paid $34.6 million, or $188.41/sf, for 90 Mountain View, a 183,644-square-foot office property in Scottsdale, Ariz. The Los Angeles investment manager bought the two-building property from Principal Real Estate Investors in a deal brokered by...

Cornerstone Real Estate Advisers has paid $41.7 million, or roughly $326/sf, for the Village at Cambridge Crossing, a 127,993-square-foot retail property in southern New Jersey. The Hartford, Conn., investment manager acquired the property, at 4200 Dearborn Circle in...

Passco Cos. has paid $38.8 million, or $163,025/unit, for the 238-unit Twenty25 Barrett apartment property in the Atlanta suburb of Kennesaw, Ga. The Irvine, Calif., investment manager bought the property, at 2025 Barrett Lakes Blvd., formerly known as...

Situs Holdings, special servicer for Credit Suisse Commercial Mortgage Trust, 2006-C4, has re-started foreclosure proceedings on the trust's $18.4 million loan against the Plaza Evergreen Park mall in Evergreen Park, Ill., according to servicer information compiled by Trepp...

Class Amt $mln Sub Level% Avg Life (yrs) RatingMoody's RatingFitch Rating Kroll RatingMStar Pricing % Yield% Final Pricing (bp) Bnch mark A-1 57.03  30.00 2.79  Aaa AAA  AAA AAA 99.998 1.4369 +40  swaps A-2 102.97  30.00 4.87  Aaa  AAA ...

Griffin Capital Essential Asset REIT, a non-traded REIT, has struck a deal to merge with Signature Office REIT Inc., another non-traded REIT that last year had launched an effort to explore strategic options. Every Signature Office share, which...

Wharton Realty Group Inc. has paid $52.5 million, or roughly $155/sf, for One and Olney Square, a 339,784-square-foot retail property in Philadelphia. The Eatontown, N.J., company acquired the shopping center from a venture of BLDG Management and the...

Vornado Realty Trust has struck a deal to pay roughly $142 million, or $325/sf, for the Center Building, a 437,000-square-foot office property at 33-00 Northern Blvd. in the Long Island City section of Queens, N.Y. The Paramus, N.J.,...

The AIG Investments unit of insurer American International Group has loaned $140 million against the 511-room Omni San Diego hotel. The hotel's owner, a venture of TRT Holdings and JMI Realty, will use part of the proceeds from...

Hampshire Cos. has paid $80 million, or roughly $109,290/unit, for the Seasons at Bel Air, a 732-unit apartment property in the Baltimore suburb of Bel Air, Md. The Morristown, N.J., investment manager acquired the property, at 955 Sablewood...

Commercial Real Estate Direct Staff Report Greenfield Partners is offering for sale a 106,843-square-foot retail property at 55-75 Mayhill St. in Saddle Brook, N.J. The Norwalk, Conn., investment manager has hired HFF to market the property, which could...

United States Steel Corp. said it will develop a 250,000-square-foot office building next to the Consol Energy Center sports arena in Pittsburgh's Lower Hill district. The five-story building is expected to be completed by 2017, when the steelmaker's...

A venture of Swig Co. and Intercontinental Real Estate Corp. has paid EverWest Real Estate Partners $21 million, or about $279/sf, for the 75,307-square-foot Fox Hills Business Campus in Culver City, Calif. The price would reflect a capitalization...

Class Amt $mln Sub Level% Avg Life (yrs) RatingFitch RatingMStar Pricing % Yield% Final Pricing (bp) Bnch mark A-1 87.28 16.75 3.82  AAA AAA  101.997  1.762 +31  swaps A-2 1,142.20  16.75 6.64 AAA  AAA  102.997  2.481 +40  swaps...

Commercial Real Estate Direct Staff Report Independence Realty Trust Inc. has agreed to pay $162.5 million, or nearly $105,000/unit, for a portfolio of five apartment properties with 1,549 units in Louisville, Ky. The Philadelphia REIT is the successor...

Bank of America, Morgan Stanley, Goldman Sachs and Bank of Nova Scotia have agreed to provide a $1.25 billion mortgage against the ground beneath 611 Fifth Ave., a 650,000-square-foot building in midtown Manhattan that serves as the flagship...

Faros Properties has sold the International Corporate Center, a 180,000-square-foot office property in Westchester County, N.Y., for $39.5 million, or roughly $219/sf. The buyer of the property, which was represented by Goldstein & Associates Realty Inc. of White...

A venture of ESJ Capital Partners and PointOne Holdings has paid $51 million, or roughly $135/sf, for International Park and Blue Lake Center, two office properties with 377,921 square feet in Birmingham, Ala. The venture acquired the properties,...

A venture of Ivanhoe Cambridge and Callahan Capital Properties has paid a total of $280 million, or $396/sf, for a pair of adjoining Seattle office buildings with 707,500 square feet. The two buildings, 1111 Third Ave., which has...