Commercial Real Estate Direct Staff Report Citi Real Estate has paid $76 million, or $355.78/sf, for 6100 Wilshire Blvd., a 213,556-square-foot office building in Los Angeles. Citi, run by the Hakim family of Beverly Hills, Calif., bought the...

Meridian Capital Group arranged the $100 million Fannie Mae loan that was provided by Capital One Multifamily Finance against the 764-unit Rachel Gardens apartment property in Montville, N.J. As reported, the mortgage matures in August 2026 and pays...

Commercial Real Estate Direct Staff Report One of the largest loans in the collateral pool for COMM, 2014-UBS5, was structured in an unusual way, in that its interest-only period is at the end of its term, instead of...

American General Life Insurance Co., an affiliate of American International Group, or AIG, has provided $80 million of floating-rate financing against the land at 3 Hudson Blvd., a site in Manhattan's Hudson Yards project where an affiliate of...

Commercial Real Estate Direct Staff Report Harbor Group International has tapped JLL and Cushman & Wakefield's Commercial Kentucky Inc. affiliate to jointly market for sale the LG&E Center, a 287,990-square-foot office property in downtown Louisville, Ky. Harbor Group,...

Summit Hotel Properties Inc. has paid American Liberty Hospitality Inc. $36 million, or about $189,474/room, for a 190-room Hilton Garden Inn hotel in Houston. The Dallas REIT has retained American Liberty as manager of the property, at 12247...

Commercial Real Estate Direct Staff Report Spreads widened for a $1.4 billion CMBS conduit transaction that priced late yesterday. The benchmark class of the transaction, COMM, 2014-UBS5, priced at a spread of 88 basis points more than swaps....

Columbia Property Trust Inc. has paid $309 million, or about $646/sf, for the 478,392-square-foot office tower at 650 California St. in San Francisco. The Atlanta REIT purchased the property from a venture of Tishman Speyer Properties and Prudential...

Class Amt $mln Sub Level% Avg Life (yrs) Rating Moody's Rating Kroll Rating MStar Pricing % Final Pricing (bp) Bnch mark A-1 45.00 30.00 2.35 Aaa AAA AAA 99.999 +43 swaps A-2 253.00 30.00 4.71 Aaa AAA AAA...

LaSalle Hotel Properties has struck a deal to sell the Hotel Viking, with 237 rooms in Newport, R.I., for $77 million, or nearly $325,000/room. The Bethesda, Md., REIT did not say who was buying the historic property, which...

Glenfield Capital has paid $37.5 million, or $93.75/sf, for a portfolio of five office buildings with 400,000 square feet in suburban Atlanta. LaSalle Investment Management sold the portfolio in a deal arranged by CBRE. One of the properties...

Paramount Group has paid $395 million, or about $597/sf, for 50 Beale St., a 662,060-square-foot office building in San Francisco's South Financial District. The company, which recently filed to sell a stake in itself through a public stock...

Commercial Real Estate Direct Staff Report NorthStar Realty Finance is beefing up its presence in the hotel sector. The New York REIT in June completed its purchase of an 89.7 percent stake in the former Innkeepers USA portfolio,...

Pacific Life Insurance Co. has provided $192 million of financing against 200 Greene St., a proposed apartment high-rise building with 763 units in Jersey City, N.J. The 15-year loan, arranged by NorthMarq Capital's New Jersey office, was structured...

Commercial Real Estate Direct Staff Report AVR Realty is offering for sale the 233-room Courtyard Miami Downtown hotel in Miami. The Yonkers, N.Y., company is offering the property through CBRE, which already has fielded offers of close to...

Ramco-Gershenson Properties Trust has paid $128.3 million, or about $280/sf, for the Front Range Village in Fort Collins, Colo. The property, at 2720 Council Tree Ave., contains a total of the 810,000 square feet. But Ramco, a Farmington...

Slate Properties Inc. has paid $27.15 million, or roughly $192/sf, for the Waterbury Plaza, a 141,443-square-foot retail property in Waterbury, Conn. The Toronto investment manager acquired the property from Kimco Realty Corp., a New Hyde Park, N.Y., REIT...

Deutsche Bank provided $56 million of financing against 17 John St., a 23-story building in lower Manhattan that's being converted into an extended-stay hotel. As reported, Prodigy Network, a crowdfunding platform that raises funds from accredited investors in...

Goldman Sachs has provided $126 million of financing against the Coastal Grand Mall, a 1.1 million-square-foot shopping center in Myrtle Beach, S.C., that's owned by a venture led by CBL & Associates. The loan was used by CBL...

Piedmont Office Realty Trust Inc. has paid $62.5 million, or roughly $343/sf, for 5 Wall St., a 182,000-square-foot office property in Burlington, Mass. The Atlanta REIT acquired the six-story building, along Interstate 95, about 16 miles north of...

Robert E. Fenza, chief operating officer of Liberty Property Trust, who has been with the Malvern, Pa., company and its predecessor for 30 years, is retiring at the end of the year. Fenza, who joined Liberty's predecessor, Rouse...

Standard Management Co. has paid $27.5 million, or $92,905/unit, for Eastland Hills, a 296-unit apartment property in Sparks, Nev. The Beverly Hills, Calif., real estate company bought the 16-year-old property from A.G. Spanos Cos. of Stockton, Calif., in...

Capital One Multifamily Finance has provided a $70 million Fannie Mae loan against the Wheelhouse of Fair Oaks, a 491-unit apartment property in Fairfax, Va. The debt requires only interest payments for its entire five-year term. It was...

Erik Storz, a former linebacker with the National Football League Jacksonville Jaguars, has joined HFF as a director in its New York office. Storz, who left the Jaguars after the 2000 season, has been in commercial real estate...

Commercial Real Estate Direct Staff Report The volume of loans in the hands of the CMBS industry's 17 special servicers declined last month, after increasing for two straight months, and now stands at $40.6 billion, according to Morningstar...