Commercial Real Estate Direct Staff Report Lenders of all stripes are bullish. They've got plenty of capital to lend and property owners have accepted the fact that interest rates will remain higher than what became the norm until...

Freddie Mac funded $12.85 billion of multifamily loans during the first quarter, up 30% from the $10 billion it funded a year ago, but 55% less than the $29 billion it funded during last year's fourth quarter. The...

Commercial Real Estate Direct Staff Report The second annual Trepp Connect conference got underway earlier today in Manhattan's Rockefeller Center, with more than 200 attendees. After opening remarks by Annemarie DiCola, chief executive of Trepp Inc., Victor Calanog,...

Commercial Real Estate Direct Staff Report The $80 million CMBS loan against the 441,523-square-foot 3000 Post Oak Blvd. office building in Houston's Galleria area is headed to foreclosure. The loan is divided among three CMBS deals, with a...

Fannie Mae funded 669 multifamily loans with a balance of $17.1 billion during the first quarter, up nearly 45% from the $11.8 billion it funded a year ago. The latest quarter's volume increased the housing-finance agency's book of...

Commercial Real Estate Direct Staff Report Weak demand for space from biotechnology companies helped contribute to a drop in the occupancy rate of Alexandria Real Estate Equities Inc.'s portfolio to 87.7% in the first quarter from 91.7% a...

South Florida Business Journal Bowery Properties has bought Cascades at the Hammocks, a 264‑unit apartment property in Miami, for $65.5 million, or $248,106/unit. The local investor purchased the three-story complex from an affiliate of Grand Peaks Properties of...

South Florida Business Journal An affiliate of Property Reserve, the real estate investment arm of the Church of Jesus Christ of Latter‑day Saints, has paid $240 million, or $526,316/unit, for Uptown Boca Villas, a 456‑unit apartment complex in...

Commercial Real Estate Direct Staff Report Blackstone is aiming to raise $1.75 billion through its data-center REIT, Blackstone Digital Infrastructuure Trust Inc. Early last month, the giant investment manager filed its plans with regulators to raise public capital for...

  Class Amt $mln Sub Level % Avg Life (yrs) Rating S&P Rating Fitch Rating Kroll Price % Yield % Final Pricing (bp) Bnch mrk A-1 3.96 30.00 2.44 AAA AAA AAA 99.99957 4.62434 +73 J-spread A-2 80.00...

Albany Business Review MLG Capital has paid $55.5 million, or $277,500/unit, for the Kensington at Halfmoon, a 200‑unit apartment complex in Halfmoon, N.Y. The Brookfield, Wis., investment firm purchased the six-building property from Richbell Capital of Saratoga Springs,...

Commercial Real Estate Direct Staff Report The venture between Estein USA and Vanderbilt Office Properties that purchased the Pinnacle Tower in Dallas paid $163.3 million, or $297.41/sf, for the 549,076-square-foot office building. It funded its purchase with a...

Commercial Real Estate Direct Staff Report Blackstone Real Estate Debt has provided $89.99 million of financing against the 353-unit Rye Sobo apartment property in Denver. JLL Capital Markets arranged the loan on behalf of the property's developer and...

MGR Real Estate has paid $24.68 million, or $232.07/sf, for the 106,345-square-foot Lakeview office property in Ontario, Calif. The local investor acquired the two-building property, at 3257 East Guasti Road, from BH Properties, which was represented by Newmark....

  Class Amt $mln Sub Level % Avg Life (yrs) Rating S&P Rating Fitch Rating Kroll Price % Yield % Final Pricing (bp) Bnch mrk A-1 44.73 30.00 2.69 AAA AAA AAA 99.99999 4.6253 +73 J-spread A-4 90.00...

Commercial Real Estate Direct Staff Report Only 3,854 apartment units were delivered in Phoenix during the first quarter, marking the lowest quarterly volume in more than four years and a 20% drop from the fourth quarter, according to...

Boston Business Journal An affiliate of Fidelity Investments has paid $100 million, or $420.17/sf, for a 238,000‑square‑foot warehouse property at 800 Salem St. in the Boston suburb of Wilmington, Mass. The Boston investor purchased the industrial property from...

A venture between Sculptor Real Estate and Trinity Investments has paid $835 million, or $1.03 million/room, for the 809-room JW Marriott Marco Island Beach Resort on Marco Island, near Naples, Fla. The venture bought the property, which was...

Commercial Real Estate Direct Staff Report A venture of Pyramid Management Group, Rhode Island developer Joe Paolino Jr., and DW Partners has struck a deal to buy the Providence Place Mall in Providence, R.I., potentially resolving the property's...

Philadelphia Business Journal DRA Advisors has paid $58 million, or $322,222/unit, for The Flats at Lansdale, a 180‑unit apartment property in the Philadelphia suburb of Lansdale, Pa. The New York investment firm purchased the six-building property from an...

Philadelphia Business Journal MRP Realty is offering for sale The Griffin, a 217‑unit apartment building in downtown, or Center City, Philadelphia. The Washington, D.C., company bought the property in 2014 for $33 million from Ashkenazy Acquisition Corp. of New...

Crain's Chicago Business Spear Street Capital has agreed to pay about $40 million, or $274.32/sf, for the 145,816-square-foot office property at 1201 West Lake St. in Chicago's Fulton Market neighborhood. The San Francisco investment firm is buying the...

The Real Deal Cousins Properties Inc. is selling One Eleven Congress, a 503,344-square-foot office building in downtown Austin, Texas. The Atlanta REIT said the sale is expected to close in the third quarter. The pending buyer and sales...

Triangle Business Journal Momentum Real Estate Partners has paid $87.1 million, or $323,792/unit, for the University Hill Apartments, a 269‑unit complex in Durham, N.C. The Miami company purchased the four‑story building from Hawthorne Residential Partners of Charlotte, N.C.,...

South Florida Business Journal LeFrak Organization has bought Harbour at New River, a 337‑unit apartment building in downtown Fort Lauderdale, Fla., for $180 million, or $534,125/unit. The New York company purchased the 36-story property from its developer, a...