Spirit Bascom Ventures has paid $36.9 million, or roughly $82,216/unit, for the Reserve at Heritage Oaks, a 444-unit apartment property in Tallahassee, Fla. It funded the purchase with a $32 million loan from CIT Bank. The mortgage is...

Bids for the Pier Shops at Caesars, a 303,788-square-foot-retail property in Atlantic City, N.J., that hit the sales market earlier this year, have come in lower than the appraised value of $5.5 million, according to TreppWire. The property,...

Hyatt Hotels Corp. has agreed to sell 38 select-service hotels with 4,950 rooms to Lone Star Funds for $590 million, or about $119,200/room. Lone Star, a Dallas investment manager, plans to invest $50 million in upgrading the hotels...

Class Amt $mln Sub Level% Avg Life (yrs) Rating DBRS Rating Moody's Rating Kroll Pricing % Final Pricing (bp) Bnch mark A-1 36.30 30.00 2.95 AAA Aaa AAA 100.000 +39 swaps A-2 288.60 30.00 4.91 AAA Aaa AAA...

Boyd Fellows, who joined Starwood Property Trust in 2010 to develop its loan-origination platform, is leaving the Greenwich, Conn., REIT to pursue other business opportunities. He's being replaced as president of the company, effective immediately, by Jeffrey F....

SK Realty Management has paid $31 million, or roughly $59/sf, for the Advantage Business Park, a 528,780-square-foot industrial property in the Baltimore suburb of Aberdeen, Md. The New York company acquired the property from the Zais Group of...

Commercial Real Estate Direct Staff Report A venture of BayNorth Capital and Carpenter & Co. Inc. is offering for sale a 204-room Hyatt Place hotel and adjoining 45,416-square-foot retail property in the Boston suburb of Braintree, Mass. It...

Commercial Real Estate Direct Staff Report A venture of Stonebridge Cos. of Denver and Gatehouse Bank had purchased the 211-room Residence Inn Midtown East hotel in Manhattan. It paid $89.6 million, or $424,645/room, for the property, which sits...

Thomas Hwang, former senior vice president of asset management for IndCor Properties, has joined New York Life Real Estate Investors as senior director of asset management in its San Francisco office. He will be responsible for running a...

Rockpoint Group has completed raising $950 million of equity commitments for its Core Plus Fund I, its entrée into the core-plus investment management business. The Boston investment manager has raised more than $8 billion for a number of...

Shin Yen International Pty Ltd. has paid $48.5 million, or roughly $297/sf, for the Amerige Heights Town Center, a 163,514-square-foot retail property in the Los Angeles suburb of Fullerton, Calif. The Australian property company, which has holdings in...

Class Amt $mln Sub Level% Avg Life (yrs) Rating Moody's Rating Fitch Rating Kroll Pricing % Final Pricing (bp) Bnch mark A-1 49.53 30.00 2.88 Aaa AAA AAA 100.000 +40 swaps A-2 240.99 30.00 4.91 Aaa AAA AAA...

Commercial Real Estate Direct Staff Report Kennedy Wilson, a Beverly Hills, Calif., investment manager, has raised $158.5 million in early marketing for its latest investment fund. Its Kennedy Wilson Real Estate Fund V is a follow-up to Fund...

A venture of NorthStar Realty Finance Corp. and Chatham Lodging Trust has struck an agreement to pay $1.1 billion for a portfolio of 52 extended-stay and select-service hotels with 6,976 rooms from Inland American Real Estate Trust. NorthStar...

James Campbell Co. has paid GLL Real Estate Partners $62 million, or about $218/sf, for Highland Landmark II, a 284,278-square-foot office building in Downers Grove, Ill. The suburban Chicago property at 3025 Highland Parkway is 94 percent leased...

Commercial Real Estate Direct Staff Report Simon Property Group yesterday said it would launch a massive renovation of the Franklin Mills Mall, which should improve the Philadelphia retail property's financial performance - good news for the CMBS transactions...

Commercial Real Estate Direct Staff Report Ares Management is offering for sale One Cabot Road, a 308,946-square-foot office building in the Boston suburb of Medford, Mass. The five-story property could sell for about $50 million, or roughly $162/sf....

A venture of Winthrop Realty Trust and El-Ad Canada Inc. is offering for sale its 76 percent stake in Sullivan Center, with 943,944 square feet of office and retail space in Chicago. The remaining stake in the property...

Class Amt $mln Avg Life (yrs) Coupon Pricing % Final Pricing (bp) Bnch mark ASQ1 152.96 3.13 1.518 99.94 +20 swaps ASQ2 833.44 4.99 2.171 100.00 +23 swaps X1 986.41* 4.25 0.110 0.45 +50 Trea *Notional amount, interest...

Commercial Real Estate Direct Staff Report The 664,298-square-foot Constitution Plaza office property in Hartford, Conn., could sell for around $70 million, or $105/sf. The sales price would result in a capitalization rate of about 8.5 percent. As reported,...

Commercial Real Estate Direct Staff Report The $76.6 million CMBS loan against Commerce Corporate Plaza, a 746,052-square-foot office building in Albany, N.Y., matured earlier this month without being paid off. But servicer notes indicate the loan's likely to...

Prudential Real Estate Investors is planning to combine its United States and Latin American businesses into one platform and will put Kevin R. Smith, head of the investment manager's U.S. business, in charge of it. Alfonso Munk, who...

  Norges Bank Investment Management has agreed to pay $1.8 billion for a 45 percent stake in three properties with 3.8 million square feet of office and retail space in New York and Boston. The investment manager invests...

Commercial Real Estate Direct Staff Report The $116.7 million CMBS loan against the Dallas Market Center, a 3.2 million-square-foot showroom facility in Dallas, has been transferred to special servicing because it wasn't paid off when it matured earlier...

Class Amt $mln Sub Level% Avg Life (yrs) Rating Moody's Rating Kroll Rating MStar Pricing % Final Pricing (bp) Bnch mark A-1 43.29 30.00 2.63 Aaa AAA AAA 100.000 +42 swaps A-2 53.78 30.00 4.86 Aaa AAA AAA...