Banco Inbursa has provided $150 million of financing to fund the construction of the 620-unit first phase of the Wharton Piers mixed-use project along the Delaware River in Philadelphia. The project is being developed by Brevet Capital, a...

Tampa Bay Business Journal Horizon Realty Advisors has purchased the Niche, a 251-unit apartment property in Tampa, Fla., for $57 million, or $227,092/unit. The Seattle company bought the six-story property from a venture of Wingspan Development Group and...

Commercial Real Estate Direct Staff Report An investment group led by Step Up Housing has paid $75 million, or $275,735/unit, for Hancock Terrace, a 272-unit apartment property in Santa Maria, Calif. The Santa Monica, Calif., company, along with...

Berkadia has arranged $69.04 million of Freddie Mac financing to facilitate the purchase of two apartment properties with a combined 426 units in Pleasant Prairie, Wis., a southern suburb of Milwaukee. Santefort Real Estate Group of Westmont, Ill.,...

Orlando Business Journal Swift Creek Real Estate Partners has bought the Crossroads Distribution Center, a 712,145-square-foot industrial property in Orlando, Fla., for $98.45 million, or $138.24/sf. The Dallas private equity firm purchased the four-building complex from Link Logistics,...

Commercial Observer Connecticut General Life Insurance has provided $40 million of financing against 131,523 square feet of office space at 99 Hudson St. in the Tribeca section of Manhattan. The space is owned by Olshan Properties of New...

Pathfinder Partners has paid $31.6 million, or $197,500/unit, for San Carlos Village, a 160-unit age-restricted apartment property in San Diego. The local investment firm acquired the property, at 7707-7787 Tommy St., from the heirs of its unnamed developer....

Chase Properties has paid $28.35 million, or $123.28/sf, for Empire Crossing, a 229,971-square-foot shopping center in the central Illinois city of Bloomington. The Beachwood, Ohio, investment firm acquired the retail property from Bet Investments, which was represented by...

LVP Partners Group has paid $30.1 million, or $430,000/unit, for the 70-unit Avalon Townhomes in Avondale, Ariz., a western suburb of Phoenix. The Scottsdale, Ariz., investor acquired the built-to-rent community, at 13025 West Thomas Road, from Bela Flor...

Terreno Realty Corp. has paid $92 million, or $1,135/sf, for the 81,000-square-foot industrial property at 28-10 Whitestone Expressway in the College Point section of Queens, N.Y. The Bellevue, Wash., REIT acquired the warehouse from Wildflower Ltd. of New...

Veris Residential Inc., the former Mack-Cali Realty Corp., has agreed to be acquired by an investor group led by Affinius Capital for $19/share, or $1.78 billion. The Jersey City, N.J., REIT said the deal represents an enterprise value...

The Real Deal ING Capital has provided $800 million of mortgage financing against the 850,000-square-foot office building at 550 Madison Ave. in Manhattan. The loan refinances a $570 million mortgage that ING provided in 2016. The property is owned...

TDA Investment Group has provided $33.8 million of financing for the construction of the 428,185-square-foot industrial property at 10400 Amargosa Road in Hesperia, Calif. The loan from the San Mateo, Calif., investment manager, which was founded in 1980...

Amazon.com has paid $95.92 million, or $88/sf, for the 1.09 million-square-foot industrial property at 44 Commerce Parkway in the Columbus, Ohio, suburb of West Jefferson, Ohio. The online retail giant acquired the property, at 44 Commerce Parkway, from...

The Real Deal Gencom has paid $320 million, or $1.26 million/room, for the 253-room Ritz-Carlton Hotel at 50 Central Park South in Manhattan. The Miami investor acquired the property from a venture of Westbrook Partners and Korea Investment...

South Florida Business Journal Harbor Group International has bought the Plantation Gardens Apartments, a 372-unit complex in Plantation, Fla., for $69.2 million, or $186,022/unit. The Norfolk, Va., investor acquired the property from Aimco, a Denver multifamily REIT. As...

Associated Bank and Wintrust Financial have provided $55 million of financing for the construction of the 238-unit Union Villa Park apartment property in Villa Park, Ill., a western suburb of Chicago. The property, at 110 South Villa Ave.,...

Commercial Real Estate Direct Staff Report Pyramid Management Group has lined up $204.5 million of financing against its Walden Galleria shopping mall in the Buffalo, N.Y., area, allowing it retire a $196.43 million CMBS loan that was set...

Commercial Real Estate Direct Staff Report The 220,000-square-foot 345 Seventh Ave. office building in Manhattan's Penn Plaza area is being offered for sale through a uniform commercial code foreclosure. Benefit Street Partners provided financing in 2021 to fund the...

  Class Amt $mln Sub Level % Avg Life (yrs) Rating Fitch Rating S&P Rating Mstar DBRS Price % Yield % Final Pricing (bp) Bnch mrk A-1 0.26 30.00 2.45 AAA AAA AAA 99.9983 4.3504 +90 J-spread A-2...

Commercial Real Estate Direct Staff Report Simon Property Group has negotiated a nearly one-year term extension of what was the $100 million mortgage against the Avenues shopping mall in Jacksonville, Fla. The loan, securitized through COMM, 2013-CCRE6, transferred to...

Multi-Housing News Greystone has provided a $115 million Freddie Mac loan against Courtlands on the Park, a 918-unit apartment property in Des Plaines, Ill., a northern suburb of Chicago. The five-year loan requires only interest payments for its...

Commercial Real Estate Direct Staff Report Dever Properties LLC, which has owned the 346,216-square-foot office building at 215 Park Ave. South in Manhattan's Midtown South submarket for more than 40 years, has refinanced the property's $95 million mortgage....

San Antonio Business Journal The Thompson San Antonio - Riverwalk hotel is scheduled to be offered at a foreclosure auction March 3 at the Bexar County Courthouse. DC Partners developed the property in 2021 at 115 Lexington Ave....

Landmark Cos. has paid $35.08 million, or $318,909/unit, for the Grove at Piscataway, the 110-unit apartment property in the central New Jersey township of Piscataway. The Woodbridge Township, N.J., developer bought the property, at 67 Old New Brunswick...