Commercial Real Estate Direct Staff Report Everwest Real Estate Partners has paid $103.6 million, or $408.30/sf, for Plaza Vista, a 253,720-square-foot office building in Kansas City, Mo., that serves as the headquarters of law firm Polsinelli. The Denver...

Commercial Real Estate Direct Staff Report The volume of CMBS loans in the hands of special servicers last month declined slightly, to $39.3 billion from $39.5 billion in September, according to Morningstar Credit Ratings. Because the universe of...

Heitman LLC has agreed to pay Tishman Speyer Properties slightly more than $700 million for the 1.2 million-square-foot office building at 353 North Clark St. in Chicago, according to Crain's Chicago Business. The property backs a $214.7 million...

Commercial Real Estate Direct Staff Report The $94 million CMBS loan against the Rushmore Mall in Rapid City, S.C., which recently was modified into A- and B-notes, was hit with an appraisal reduction of $48.6 million, to reflect...

Friedkin Realty Group has paid $38.8 million, or roughly $202,083/unit, for Newport Crossing, a 192-unit apartment property in the Seattle suburb of Newcastle, Wash. The San Francisco company acquired the property, at 7311 Coal Creek Parkway SE, from...

A venture led by Corporate Property Associates 18 - Global Inc. has paid $48 million, or about $108,108/unit, for a pair of Atlanta-area apartment properties with a combined 444 units. CPA 18, a non-traded REIT sponsored by W.P....

Shaner Hotel Holdings said it has lined up $226.6 million of financing from JPMorgan Chase Bank, allowing it to buy out the stake held by Almanac Realty Investors in 17 hotel properties. It will also use proceeds of...

KBS REIT III Inc. has agreed to pay $48 million, or $345.15/sf, for Reston Square, a 139,071-square-foot office property in the Washington, D.C., suburb of Reston, Va. The Newport Beach, Calif., REIT, whose shares do not trade on...

Commercial Real Estate Direct Staff Report DiamondRock Hospitality Co. has agreed to sell the 1,004-room Los Angeles Airport Marriott hotel for what's said to be $150 million, or about $149,402/room. The property backs an $82.6 million loan, which...

American Realty Capital New York City REIT Inc. has closed on its acquisition of the 170,000-square-foot office property at 570 Seventh Ave. in Manhattan for $170.3 million, or roughly $1,002/sf. The New York REIT, whose shares do not...

Commercial Real Estate Direct Staff Report Cole Office & Industrial REIT has paid $110 million, or nearly $442/sf, for 249,012 square feet of office space at 333 North Central Ave. in Phoenix, which also houses the Westin Phoenix...

A venture of DivcoWest and Synergy Investments has paid $48 million, or roughly $382/sf, for 55 Summer St., a 125,719-square-foot office building in downtown Boston. The Divco/Synergy team acquired the 10-story building from Brickman Associates, which paid $37.2...

Bank of the Ozarks has provided $40.85 million of construction financing for a 520-bed student-housing project in San Bernardino, Calif., that's being developed by a venture of J.R. Watson & Associates and Capstone Development Partners. HFF arranged the...

Commercial Real Estate Direct Staff Report Morgan Properties is offering for sale Mariners Cove, a 226-unit apartment property in Toms River, N.J. The King of Prussia, Pa., company has hired HFF to market the property, which could sell...

Commercial Real Estate Direct Staff Report Federal Realty Investment Trust is poised to pay off the $61.2 million mortgage against the East Bay Bridge, a 433,900-square-foot shopping center in Emeryville, Calif. The loan is securitized through JPMorgan Chase...

TIAA-CREF has paid $52.1 million, or roughly $264,398/unit, for the Manor in Plantation, a 197-unit apartment property in the Fort Lauderdale, Fla., suburb of Plantation, Fla. The New York investment manager purchased the year-old property, at 601 NW...

Commercial Real Estate Direct Staff Report Widening spreads in the CMBS market impacted the profitability of Ladder Capital Finance's CMBS lending during the latest quarter. The New York finance company, a regular contributor of collateral to CMBS conduit...

Commercial Real Estate Direct Staff Report Freddie Mac has launched another securitization program, supplementing its K-series transactions. The Q program effectively allows the housing-finance agency to provide its guarantee on multifamily loans that it doesn't buy and aren't...

A group of lenders led by SunTrust Bank has provided a $100 million construction loan against a 485,000-square-foot office property that a venture of Sand Hill Property Co. and the Carlyle Group is building in Los Gatos, Calif....

Commercial Real Estate Direct Staff Report Ladder Capital Finance has written a $450 million loan against San Francisco's Villas Parkmerced apartment complex. The loan has a five-year term and could very well be securtized through a stand-alone transaction...

Commercial Real Estate Direct Staff Report Treeline Cos. has listed for sale 165,210 square feet of office space in the top three floors of a six-story downtown Brooklyn, N.Y., building. The Garden City, N.Y., company is asking $100...

A venture of Bascom Group and Oaktree Capital Management has paid developer Falcon Southwest $40.5 million, or $99,264/unit, for the 408-unit Indigo Creek Apartments in Glendale, Ariz. Mesa West Capital provided $35 million of financing for the property,...

KBS REIT III Inc. has paid $33.8 million, or roughly $154/sf, for the Rocklin Corporate Center, a 220,020-square-foot office property in the Sacramento, Calif., suburb of Rocklin, Calif. The Newport Beach, Calif., REIT, whose shares do not trade...

Carey Watermark Investors Inc. has paid $38 million, or $358,490/unit, for the Sanderling Resort, a 106-room hotel resort in North Carolina's Outer Banks. The New York REIT, whose shares do not trade on any exchange, bought the 29-year-old...

Commercial Real Estate Direct Staff Report Commercial property prices increased by 50 basis points in September and are now 20 bp above their pre-recession peaks reached in November 2007, according to the Moody's/RCA Commercial Property Price Indices, or...