Commercial Real Estate Direct Staff Report CBL & Associates Properties Inc. lost one of its shopping centers to foreclosure last month and is set to see a similar outcome for another property. The moves will eliminate $92.9 million...

Corporate Property Associates 18 - Global Inc., a non-traded REIT sponsored by W.P. Carey Inc., has paid Solo Cup Co. $85 million, or about $55/sf, for a distribution facility with 1.55 million square feet in University Park, Ill....

Commercial Real Estate Direct Staff Report Simon Property Group has tapped a credit facility and proceeds from a recent unsecured notes issue to pay off the $820 million of CMBS debt against the 2.2 million-square-foot Sawgrass Mills mall...

Commercial Real Estate Direct Staff Report Prudential Financial's mortgage unit last year wrote $15.8 billion of commercial real estate loans, making it its most-active year ever. The volume was a 29.5 percent increase from 2011 and handily topped...

Michael Hurst, the former head of Buchanan Street Partners' principal-lending platform, has joined Karlin Real Estate as co-managing director of real estate lending. Hurst is charged with sourcing, structuring and pricing loans originated by Karlin, a Los Angeles...

Commercial Real Estate Direct Staff Report Blackstone Group is said to have purchased the Las Colinas Four Seasons Resort and Club in Irving, Texas, and 119 West 40th St. in Manhattan, according to a report on Bloomberg. The...

Commercial Real Estate Direct Staff Report A venture of AvalonBay Communities Inc. and the New York State Common Retirement Fund is offering for sale the Avalon Chrystie Place, a 361-unit apartment in Manhattan's Lower East Side. It has...

LaSalle Hotel Properties has agreed to pay $130 million, or about $650,000/room, for the 200-room Hotel Vitale near San Francisco's financial district. The Bethesda, Md., REIT is buying the property, which was completed in 2005, from Joie de...

Class Amt $mln Sub Level% Avg Life (yrs) Rating DBRS Rating Fitch Rating Moody's Pricing % Final Pricing (bp) Bnch mark A-1 66.26 30.00 2.70 AAA AAA Aaa 99.998 +50 swaps A-2 189.68 30.00 4.95 AAA AAA Aaa...

Commercial Real Estate Direct Staff Report Distress in the CMBS universe continues to get worked out as the volume of loans in special servicing fell by another $1.4 billion last month to $48.3 billion, according to Morningstar Credit...

AEW Capital Management has formed a venture with Sealy & Co. that aims to pursue industrial properties in the Southeast and South Central regions. Its acquisitions thus far include a 1.9 million-square-foot portfolio, located mainly in the Dallas-Fort...

W. Michael Bennett has left Newmark Grubb Knight Frank, where he was the Midwest capital markets group's senior managing director, to join HFF as managing director of its healthcare properties group in Chicago. The hiring is part of...

Commercial Real Estate Direct Staff Report A foreclosure auction for the leasehold interest in the 193-unit Time Hotel in Manhattan has been scheduled for Feb. 14. LNR Partners filed a lawsuit to foreclose on the hotel, at 224...

Commercial Real Estate Direct Staff Report Lexington Realty Trust has paid $39.1 million, or about $306/sf, for a 128,000-square-foot office building in Omaha, Neb., that opened last year as the headquarters for Gavilon Holdings. Opus Group of Minnetonka,...

Merlone Geier Partners has paid $49 million, or roughly $232/sf, for the Vernola Marketplace, a 210,963-square-foot shopping center in the Los Angeles suburb of Mira Loma, Calif. The San Francisco company purchased the property, at 6205 Pats Ranch...

KBS REIT III Inc. has agreed to pay $170.5 million, or about $400/sf, for 222 South Main St. in Salt Lake City. The Newport Beach, Calif., REIT, whose shares do not trade on any exchange, plans to purchase...

Newcastle Realty Services has paid $70.6 million, or roughly $176,942/unit, for seven apartment buildings with 399 units in Brooklyn, N.Y. The New York company purchased the properties from Davis Management Associates, a Great Neck, N.Y., firm that was...

Michael Tabor, former assistant vice president at Walker & Dunlop, has joined HFF as a director in its Tampa, Fla., office. Tabor, who has been involved with more than $1 billion of commercial real estate financings in his...

  A venture of Minshall Stewart Properties and Heitman has paid $95 million, or roughly $450/sf, for 1401 New York Ave. NW, a 210,897-square-foot office building in Washington, D.C. Lone Star Funds sold the property in a deal...

A venture of Africa Israel and Five Mile Capital is offering for sale a 250,000-square-foot retail condominium at 229 West 43rd St. in Manhattan. The venture has tapped Cushman & Wakefield to market the space, which is on...

Commercial Real Estate Direct Staff Report CBRE Global Investors has paid $35.5 million, or roughly $646/sf, for the Porter Square Galleria, a 55,000-square-foot shopping center in Cambridge, Mass. The Los Angeles investment manager purchased the three-story property, at...

Credit Suisse has paid $50 million, or $500/sf, for 400 Atlantic Ave., a 100,000-square-foot office building in Boston. The Zurich, Switzerland, financial services company acquired the building last year from Colonnade Properties of New York, which was represented...

Commercial Real Estate Direct Staff Report Fannie Mae's origination volumes declined by roughly 15 percent last year, to $28.8 billion. The agency, like Freddie Mac, was mandated to shrink its origination activity by its regulator, the Federal Housing...

Maxus Realty Trust Inc., a Kansas City, Mo., REIT, has paid $44.1 million, or about $82,000/unit, for the 540-unit Foothills Apartments in Little Rock, Ark. The price included the assumption of $29.63 million of debt insured by the...

Blue Ocean Realty has paid $46 million, or about $63,889/unit, for Millbrook Park, a 720-unit apartment property in the Baltimore suburb of Pikesville, Md. It purchased the 40-year-old complex from Millbrook Associates of Beachwood, Ohio. The property, at...