The Massachusetts Institute of Technology has exercised its right to purchase the 231,000-square-foot office property at 415 Main St. in Cambridge, Mass., for $106 million, or roughly $459/sf. The college in 2004 had signed a lease for the...

Bascom Group has paid $23.8 million, or roughly $267,416/unit, for San Pedro Bank Lofts, an 89-unit apartment property in the Los Angeles community of San Pedro, Calif. The two-building property, at 407-409 West 7th St., was purchased from...

Commercial Real Estate Direct Staff Report Mariner Real Estate Management, a Leawood, Mo., investment manager, has raised $85 million of the $300 million of equity commitments it's seeking for its latest investment fund. Its Mariner Real Estate Partners...

Commercial Real Estate Direct Staff Report Vanderbilt Partners has struck a deal to pay roughly $50 million, or $176/sf, for Palmer Plaza, a 284,000-square-foot office property in Nashville, Tenn. The Chicago company is buying the 18-story building, at...

Chambers Street Properties has paid $21.1 million, or $42/sf, for a 502,500-square-foot distribution building in the St. Louis suburb of Sauget, Ill. The Princeton, N.J., REIT bought the property, at 1659 Sauget Business Blvd., from Covington Group of...

Phillips Edison - ARC Grocery Center REIT II Inc. has paid $19.7 million for a pair of shopping centers in Milwaukee and Roscoe, Ill. The Cincinnati REIT, whose shares are not traded on any exchange, paid $10.4 million,...

Commercial Real Estate Direct Staff Report Woodruff Cos. is offering for sale Lakeside Village, a 263-unit apartment property in Columbus, Ga. The Columbus company has hired Colliers International to market the property, which could sell for around $36.3...

United Bank has provided a $37.4 million construction loan against the 168-room Hyatt Place hotel in Washington, D.C., that is scheduled for completion in 2016. The long-term loan was arranged by Cassidy Turley. The project, at 2121 M...

Commercial Real Estate Direct Staff Report Select Income REIT, which last month struck a deal to buy Cole Corporate Income Trust Inc. in a deal valued at $3 billion, is considering possibly selling certain non-core assets after its...

Commercial Real Estate Direct Staff Report Commercial mortgage originations in the third quarter climbed by 18 percent from the second quarter, according to a survey by the Mortgage Bankers Association. When compared with last year's third quarter, volumes...

A venture of Norges Bank Investment Management and TIAA-CREF has paid $392 million, or roughly $1,075/sf, for 800 17th St. NW, a 364,502-square-foot office building in Washington, D.C. The venture acquired the four-year-old building from PNC Financial Services...

Shorenstein Properties is in the market to sell 5 Post Oak Park, a 567,396-square-foot office building in Houston. The San Francisco investment manger has tapped HFF to handle the marketing of the property, which is on 3.6 acres...

Aareal Bank has provided a $97 million loan against 32,324 square feet of retail condominium space at 650 Fifth Ave. in midtown Manhattan. The two-year loan has a coupon pegged to Libor plus 350 basis points. The space...

New York Community Bank has provided a $94.5 million loan against the Rachel Bridge Apartments, a 960-unit complex with four buildings in the Washington Heights section of Manhattan. The loan replaces $38 million of maturing debt that was...

Commercial Real Estate Direct Staff Report CBRE Global Investors has agreed to pay $163 million, or roughly $347/sf, for a two-building office complex with 469,566 square feet in Cambridge, Mass. The Los Angeles investment manager is acquiring the...

Ashford Hospitality Prime Inc. is looking to sell the 498-room Courtyard Downtown Philadelphia, and possibly other hotels in order to fund a share buy-back. The Dallas REIT this morning announced that it planned to buy back up to...

Class Amt $mln Sub Level% Avg Life (yrs) RatingMoody's RatingKroll RatingFitch  Pricing % Yield% Final Pricing (bp) Bnch mark A-1 34.20  30.00 2.86  Aaa AAA  AAA 99.999 1.375 +38 swaps A-2 55.25  30.00 4.95 Aaa  AAA  AAA 103.000...

A minimum of 20 percent of a CMBS trust's bondholders are required to replace a trust's special servicer, under terms of recently approved federal rules regarding the retention of risk in asset-backed securities. A story published Oct. 23,...

Commercial Real Estate Direct Staff Report Synergy Investments is offering for sale two office buildings with 131,072 square feet in downtown Boston. The buildings, 141 Tremont St., with 68,645 sf across the street from the Boston Common, and...

Commercial Real Estate Direct Staff Report Goldman Sachs Group Inc. has provided $123 million of floating-rate financing against Canal Center, a 538,895-square-foot office building in Alexandria, Va. The five-year loan was arranged by Cassidy Turley and was structured...

Class Amt $mln Sub Level% Avg Life (yrs) RatingMoody's RatingMStar RatingDBRS Pricing % Yield% Final Pricing (bp) Bnch mark A 236.00  29.55 9.94  Aaa AAA AAA  102.992  3.38 +95  swaps B 29.00  20.00 9.94  Aa3  AAA AA  102.234 ...

Class Amt $mln Sub Level% Avg Life (yrs) RatingMoody's Pricing % Yield% Final Pricing (bp) Bnch mark A 220.55  31.25 3.00   Aaa 100.00  2.55 +150  swaps B 17.24  25.875 8.02  Aa3        swaps C 13.23 21.75...

Commercial Real Estate Direct Staff Report APF Properties has sold 2200 West Loop South, a 202,000-square-foot office building in Houston's Galleria area to its main tenant for what is said to have been $47 million, or $232.70sf. The...

A venture of American Real Estate Partners and Investcorp has paid $176 million, or roughly $327/sf, for the Canal Center Plaza, a 538,895-square-foot office property in the Washington, D.C., suburb of Alexandria, Va. It acquired the property from...

  Steadfast Apartment REIT Inc. has paid $98.5 million, or $141,523/unit for AMLI at McGinnis Ferry, a 696-unit apartment property in the Atlanta suburb of Suwanee, Ga. The Irvine, Calif., REIT, whose shares do not trade on any...