Commercial Real Estate Direct Staff Report Dougherty Funding, a Minneapolis commercial property lender, is expanding into equity real estate investing and has hired Andy Deckas, a former president of investment manager Founders Properties and developer CSM Corp., to...

Jackson Square Properties has paid $26.25 million, or roughly $114,130/unit, for the 230-unit Rockledge Bear Valley apartments in Denver. The San Francisco company acquired the property, at 3550 South Kendal St., from a venture of ColRich Multifamily of...

Commercial Real Estate Direct Staff Report An entity managed by the Wax family has struck a deal to sell a portfolio of six apartment properties with 152 units and 7,900 square feet of retail space in Manhattan for...

BAG Investments has paid $48.25 million, or $142,330/unit, for The Ledges, a 339-unit apartment property in Groton, Conn. The Beverly Hills, Calif., investment company purchased the nine-year-old property at 11 Ledgewood Road, near the Long Island Sound, in...

Commercial Real Estate Direct Staff Report Northrop Grumman, which leases 52 percent of the Norden Park office property in Norwalk, Conn., will be completely vacating the 615,357-square-foot building at the end of the year, prompting a $72.9 million...

Commercial Real Estate Direct Staff Report The $219.4 million of CMBS loans against the Woodbury Office Portfolio, a collection of 28 office and industrial properties in Woodbury, N.Y., were retired this week and the CMBS deal that held...

Commercial Real Estate Direct Staff Report Landesbank Hessen Thuringen Girozentrale has provided a $150 million loan against 360 Madison Ave., a 360,000-square-foot office property in midtown Manhattan. The loan replaces a mortgage with a $93.5 million balance that...

Commercial Real Estate Direct Staff Report Embarcadero Capital Partners is in the market to sell 301 Howard St., a 307,000-square-foot office building in downtown San Francisco that could sell for as much as $700/sf, or nearly $215 million....

Commercial Real Estate Direct Staff Report The $163.8 million CMBS loan against Jericho Plaza, a 638,216-square-foot office property on Long Island, N.Y., has transferred to special servicing because it's expected to default. The loan was securitized through Credit...

Radco Cos. has paid $28.2 million, or $87,578/unit, for Summit at Thornton, a 322-unit apartment property in the Denver suburb of Thornton, Colo. The Atlanta investor bought the 41-year-old property from Fannie Mae and financed its purchase with...

Commercial Real Estate Direct Staff Report Prudential Mortgage Capital has provided $107.5 million of Fannie Mae financing against the Mirada at Crescent Village, a 370-unit apartment property in San Jose, Calif. The 10-year loan, written under Fannie's Delegated...

Class Amt $mln Sub Level% Avg Life (yrs) Rating Moodys RatingKroll Pricing % Final Pricing (bp) Bnch mark A-1  219.50 18.00 3.31   Aaa AAA   100.000 +27  swaps A-2 719.81  18.00 4.45   Aaa AAA  102.999  +29  swaps B 91.64...

Hartz Mountain Industries has paid $129 million for a portfolio of 35 industrial buildings with 2.5 million square feet in Atlanta's northern suburbs. The Secaucus, N.J., investor bought the portfolio - its first acquisition in the Atlanta market...

Prudential Mortgage Capital Co. has provided $21 million of financing against the Campus Center Apartments, a 194-unit student-housing property next to the College of Charleston in Charleston, S.C. The fixed-rate loan, which matures in 10 years, was arranged...

A venture of Blackstone Real Estate Partners VII and DDR Corp. has completed its $1.93 billion acquisition of 71 retail properties with 11.3 million square feet from American Realty Capital Properties Inc. The venture, which is 95 percent...

Commercial Real Estate Direct Staff Report A group of lenders led by HSBC Bank has provided a $130 million floating-rate loan against 2001 M St. NW, a 208,860-square-foot office property that Brookfield Property Partners is redeveloping. In addition...

Commercial Real Estate Direct Staff Report The $80 million CMBS loan against 2030 Broadway, a 153-unit apartment building on Manhattan's Upper West Side, has missed its latest payment, according to a report on TreppWire. The late payment -...

Commercial Real Estate Direct Staff Report Prudential Insurance Co. of America has provided $115 million of financing against City Center, a 350,787-square-foot office building in Washington, D.C. The loan replaces a mortgage with a $108 million balance that...

Brookfield Asset Management has provided a $158 million loan against the Airport Business Center, a 1.2 million-square-foot office/flex property in Irvine, Calif. The five-year loan pays a coupon in the low 5-percent range and requires only interest payments...

Class Amt $mln Avg Life (yrs) Coupon Pricing % Pricing Spread(bp) Bnch mark FA 719.95   5.67  0.453 100.000  +30  swaps FX 719.95*  0.27  1.318  NA  NA  Treas ASV1 53.30 3.52 1.928 101.000 +28 swaps ASV2 548.18 6.73 2.614...

Douglas Emmett Inc. has paid $75.3 million, or nearly $349/sf, for the Carthay Campus, a 216,000-square-foot office complex in West Los Angeles. The Santa Monica, Calif., REIT bought the two-building complex, at 6310-6330 San Vicente Blvd., from a...

Retirement Concepts of Vancouver, British Columbia, has paid $43 million, or about $462,365/unit, for the 93-unit National City Tower apartment building in Los Angeles. It funded the acquisition with an undisclosed amount of financing from Wells Fargo Bank....

Richard Pink, managing director in the Los Angeles office of investment manger Clarion Partners, is using his family's renowned Hollywood, Calif., hot dog restaurant to help charity. To commemorate the 75th anniversary of the family's Pink's Hot Dogs,...

Prudential Insurance Co. of America has provided a $20 million loan against 1625 Massachusetts Ave. NW, a 117,000-square-foot office building in downtown Washington, D.C. The mortgage was arranged by Cassidy Turley. The 20-year-old property is owned by a...

Commercial Real Estate Direct Staff Report The Two Westlake Park office property in Houston that a venture led by Pacific Investment Management Co. had acquired earlier this year for $120 million generated $7.1 million of net cash flow...