Commercial Real Estate Direct Staff Report Mason Asset Management has paid roughly $16 million, or $35/sf, for the 452,000-square-foot North Hanover Mall in Pennsylvania. The Great Neck, N.Y., company acquired the mall, at 1155 Carlisle St. in Hanover,...

Commercial Real Estate Direct Staff Report A $107.3 million CMBS loan against a portfolio of nine office and industrial properties with 1.7 million square feet owned by Colony Realty Partners is expected to default at its maturity. The...

Commercial Real Estate Direct Staff Report Rialto Mortgage Finance, the CMBS conduit-lending operation of homebuilder Lennar Corp., sold nearly $292 million of loans through the CMBS market during its latest quarter. That brings the Miami company's total originations...

Robert F. Probst, the chief financial officer of spirits-maker Beam Inc., has been named executive vice president and chief financial officer of Ventas Inc., a seniors-housing REIT. He'll assume his post next month and will be replacing Richard...

Commercial Real Estate Direct Staff Report Rialto Capital Management has invested or committed to invest more than three-quarters of the equity commitments it lined up for its Rialto Real Estate Fund II, a $1.3 billion vehicle it raised...

Post Properties Inc. has completed the sale of two apartment properties with 337 units in Manhattan for $270 million, or $801,187/unit. The Atlanta REIT sold the properties to Magnum Real Estate Group of New York in a deal...

Class Amt $mln Sub Level% Avg Life (yrs) Rating Moody's Rating MStar Pricing % Final Pricing (bp) Bnch mark A-1 107.39 16.50 3.69 Aaa AAA 101.997 +30 swaps A-2 1,066.09 16.50 6.58 Aaa AAA 102.999 +35 swaps B...

Commercial Real Estate Direct Staff Report RXR Realty invested in Broad Street Development's $173 million, or $408.60/sf, purchase of 80 Broad St. in lower Manhattan. As reported, Broad Street had purchased the 423,403-square-foot building from Savanna Partners, which...

A venture of Thor Equities and GreenOak Real Estate has paid $41.5 million, or nearly $703,400/unit, for 150 West 82nd St., a 59-unit apartment building on Manhattan's Upper West Side. The 10-story rental building, which was constructed in...

Starwood Capital Group has sold 1372 Broadway, a 571,667-square-foot office building in Manhattan, to an affiliate of Ross Stores Inc. for $222 million, or $388.35/sf. Starwood, a Greenwich, Conn., investment manager, had acquired the 21-story building two years...

Class Amt $mln Sub Level% Avg Life (yrs) Rating Moody's Rating Fitch Rating DBRS Pricing % Final Pricing (bp) Bnch mark A-1 54.86 30.00 2.34 Aaa AAA AAA 99.998 S+40 swaps A-2 227.43 30.00 4.86 Aaa AAA AAA...

Commercial Real Estate Direct Staff Report Peachtree Hotel Group has raised $50 million of equity commitments in its first closing of marketing for an investment fund that will acquire and originate debt against hotels in secondary markets across...

Cassidy Turley has agreed to be acquired by DTZ Investment Holdings, which is in the process of being acquired by a venture of Ontario Teachers' Pension Plan of Toronto and investment managers PAG Asia Capital and TPG Capital...

Class Amt $mln Sub Level% Avg Life (yrs) Rating Fitch Rating Moody's Rating MStar Pricing % Final Pricing (bp) Bnch mark A-1 43.36 30.00 2.91 AAA Aaa AAA 99.998 +39 swaps A-2 33.16 30.00 5.01 AAA Aaa AAA...

Berkadia Commercial Mortgage has provided an $85 million Freddie Mac credit facility against the View at Edgewater Harbor, a 162-unit apartment property in Edgewater, N.J. The five-year credit requires only interest payments and values the collateral property, at...

Commercial Real Estate Direct Staff Report Mesirow Financial has raised $288.4 million of the up to $500 million of equity commitments it's been seeking for its latest investment fund. The Chicago investment manager launched its Mesirow Financial Real...

Fireside Financial has paid $58 million, or roughly $54,924/unit, for a portfolio of three apartment properties with 1,056 units in the Midwest. The Edwardsville, Ill., company acquired the portfolio from a venture of Onex Real Estate Partners of...

  Parkway Properties Inc. has agreed to pay $475 million for a 3 million-square-foot portfolio of office properties. But it is planning to sell off most of the portfolio and keep only three buildings in Tampa, Fla. The...

Walton Street Capital, Rubenstein Partners, TA Realty Associates and DRA Advisors are said to be the final bidders to buy Palmer Plaza, a 284,000-square-foot office building in downtown Nashville, Tenn., that is being offered for sale by Alex...

Prudential Real Estate Investors has hired James Glen as principal and portfolio manager for its core United States real estate fund, Prisa I. Glen joins the investment manager from BlackRock Inc.'s real estate group, where he was charged...

Commercial Real Estate Direct Staff Report City View Center, a 506,141-square-foot retail property in the Cleveland suburb of Garfield Heights, Ohio, has been appraised at a value of only $2.2 million. The property was appraised at a value...

Jay Rollins, a long-time real estate industry veteran who founded and runs JCR Capital, a Denver real estate finance company, has published "Commercial Real Estate Uncovered," a handbook for commercial real estate finance professionals. The book includes spreadsheet...

Andrew J. Bruce, who has served as chief financial officer of Behringer Harvard Opportunity REIT I Inc. and its follow-up REIT, has resigned to pursue other business opportunities. Bruce had joined Behringer, a Dallas investment manger that sponsors...

Blake Rogers, managing director at Charles Dunn Co., has joined HFF as a director in its Los Angeles office. Rogers, who has been involved in the sale of apartment properties with 1,800 units over the past five years,...

Chris Rae, a former senior marketing executive at the former SAC Capital Advisors, has joined Sorin Capital Management as managing director and head of business development, according to a report on FINalternatives. He'll oversee marketing and investor-relations efforts...