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...

Commercial Real Estate Direct Staff Report An affiliate of Irgang Group has paid $85 million, or $310.25/sf, for the 273,973-square-foot Gilbert Gateway Towne Center retail property in the Phoenix suburb of Mesa, Ariz. The New York investment firm...

Canadian Imperial Bank of Commerce has provided $38.1 million of financing for the construction of a 149-unit apartment property at 310 West Huron St. in Chicago's River North neighborhood. JLL Capital Markets arranged the three-year loan on behalf...

Dwight Capital has provided $60 million of mortgage financing under the U.S. Department of Housing and Urban Development's 221(d)(4) program for the construction of the 184-unit Lotus Alchemy apartment property in downtown Salt Lake City. Loans under HUD's...

Commercial Real Estate Direct Staff Report Citi Real Estate Funding Inc. has provided $83 million of mortgage financing against the 331,744-square-foot office property at 50 West 23rd St. in the Midtown South section of Manhattan. The loan, which...

Tavros has paid $143 million for the development site at 250 Water St. in Manhattan's Financial District, with plans for a 600-unit apartment property. The New York investor acquired the site from Howard Hughes Corp. of Dallas, which...

Dwight Capital has provided $110 million of financing under the U.S. Department of Housing and Urban Development's 223(f) program for the 403-unit Fifty Five Union apartment property in Newark, N.J. The property, at 55 Union St., is in...

Commercial Observer Dan Hotels has paid $121 million, or $458,333/room, for the 264-room NoMo SoHo Hotel at 9 Crosby St. in the SoHo section of Manhattan. The Israeli hotel company, which owns 18 properties in Israel and one...

Atlanta Business Chronicle Goldman Sachs has bought the 210-unit 92 West Paces Ferry Road apartment complex in Atlanta for $90.8 million, or $432,381/unit. The New York investment banking giant purchased the nine-story property from Mesirow, a Chicago financial services...

Commercial Real Estate Direct Staff Report Nationwide Life Insurance Co. has provided $26.94 million of mortgage financing to fund Equus Capital Partners' $46.85 million, or $137/sf, purchase of the 341,867-square-foot Falls Lake Commerce Center industrial property in the...

ORIX Corp. has provided a total of $64.3 million of financing against two apartment properties with a combined 304 units in the western suburbs of Phoenix. The lender provided $33.05 million against the 153-unit Villas Litchfield at 12730...

New York City Mayor Zohran Mamdani is proposing an increase in property taxes in the five boroughs to help address a $5.4 billion gap in the city's preliminary $127 billion budget. In an address at City Hall, the...

JLL Capital Markets has arranged $77.1 million of financing for the development of Commerce Yards, a 466,000-square-foot industrial property in Commerce City, Colo. The financing is comprised of a construction loan from First Horizon Bank, as well as...

Crain's Chicago Business A venture of Magellan Investment Partners and Intercontinental Real Estate has paid $126 million, or $379,518/unit, for the 332-unit apartment building at 73 East Lake St. in Chicago. Magellan, of Chicago, and Intercontinental, of Boston,...

South Florida Business Journal Cabot Properties has purchased two industrial buildings totaling 316,978 square feet at 1673 and 1715 Meathe Drive in Palm Beach County, Fla., for $79.6 million, or $251.12/sf. The Boston company purchased the properties from...

Orlando Business Journal Avanath Capital Management has paid $73.5 million, or $218,750/unit, for the Retreat at Valencia, a 336-unit apartment complex in Orlando, Fla. The Irvine, Calif., affordable housing owner purchased the property from Concord Management of Maitland,...

Commercial Real Estate Direct Staff Report LCN Capital Partners has paid $88.25 million, or $250.70/sf, for the New Albany Innovation Park, a 352,012-square-foot industrial property in the Columbus, Ohio, suburb of New Albany, Ohio. The New York investor,...

Wells Fargo Bank is providing $450 million of mortgage financing against the 757,154-square-foot office building at 1250 Broadway near the Penn Station commuter hub in Midtown Manhattan. The three-year loan, with a coupon that's expected to be set...

Commercial Observer Ares Management has provided a $450 million loan against 834-unit Riverie apartment property in the Greenpoint section of Brooklyn, N.Y. The loan, arranged by CBRE, allowed a venture of Lendlease Corp. and Aware Super, an Australian...

A venture of LeCesse Development Corp. and Mas Development has lined up $83.35 million of construction financing for the 258-unit Ecco apartment property at 250 Union St. in Elizabeth, N.J. Bank OZK provided a $63.2 million senior loan,...

Commercial Real Estate Direct Staff Report Black Diamond Capital Management, which late last year bought the distressed $418.5 million CMBS loan against the Palisades Center Mall in Rockland County, N.Y., has taken over the 2.3 million-square-foot property. The move...

The Wall Street Journal Anbang Insurance Group has tapped Eastdil Secured to market for sale the Waldorf Astoria hotel in Manhattan. The famed property, at 301 Park Ave., now has 375 hotel rooms. It also has 372 residential...

Commercial Real Estate Direct Staff Report The recent sale of 175 West Jackson Blvd. in Chicago has resulted in a complete wipe out of the $250.47 million CMBS loan that encumbered the 1.45 million-square-foot office building. As reported,...