Ashford Hospitality Trust has sold the 358-room Hyatt Regency Long Island hotel in Hauppauge, N.Y., for $26.5 million, or $74,022/room. The Dallas REIT sold the 37-year-old property, at 1717 Motor Parkway, to a partnership of two investor groups...

Sixteenth Floor Residential has paid $64.4 million, or $221,306/unit, for Crest at Brier Creek, a 291-unit apartment property in Raleigh, N.C. The El Paso, Texas, nonprofit acquired the property, on 14.48 acres at 6450 Viewpointe Circle, from Millburn...

JLL Capital Markets has provided $42 million of Fannie Mae mortgage financing against Portola Bridge Creek, a 270-unit apartment property in Vancouver, Wash., owned by SB Real Estate Partners of Irvine, Calif. The Fannie loan pays a fixed...

Prime Finance has provided $40.5 million of financing against the 162-unit Payton Apartments in Portland, Ore. JLL Capital Markets secured the five-year loan on behalf of the property's owner, ColRich of San Diego. The seven-story property was built...

Commercial Real Estate Direct Staff Report An affiliate of Greystar has paid $58 million, or $210,909/unit, for the 275-unit Parc Roundtree Ranch apartment property in the Phoenix suburb of Peoria, Ariz. The Charleston, S.C., investment manager acquired the...

Bedford Affordable Housing Foundation has purchased the 416-unit Anthem Clearwater apartment complex in Clearwater, Fla., for $70 million, or $168,269/unit. The Beverly Hills, Calif., nonprofit acquired the property, at 2770 Roosevelt Blvd., from Ashcroft Capital, a New York...

Alternative lender 3650 Capital has provided $24 million of financing to fund the construction of a 949-unit self-storage property in Yonkers, N.Y. Construction of the property, which will be branded and operated by CubeSmart, got underway in 2022...

A fund managed by Morgan Stanley Real Estate Investing has paid $79.35 million, or $286.39/sf, for two industrial properties with 277,073 square feet in the Phoenix area. The two are the 196,764-sf AMPlify Chandler at 6505 West Chandler...

Atlanta Business Chronicle An affiliate of RangeWater Residential has paid $54.9 million, or $196,071/unit, for the Blaine at Buckhead West, a 280-unit apartment community in Atlanta. The local real estate developer bought the property from Bell Partners of...

A venture of Corebridge Real Estate Investors and Crestlight Capital has paid $91.75 million, or $495.50/sf, for the 199,673-square-foot Station at LoSo office property in the Lower South End neighborhood of Charlotte, N.C. The venture—Corebridge is the former...

Atlanta Business Chronicle A venture of Portman Holdings and Perform Properties, a unit of Blackstone, has lined up $278 million of financing against Ten Twenty Spring, a 525,000-square-foot office building in Atlanta's Midtown area. Eldridge Capital Management provided...

Alpaca Real Estate has completed capital-raising efforts for its inaugural commingled fund, having raised $223 million of investor commitments. The New York investment manager was launched in 2023 by a team led by Daniel Carr, former principal of...

JCR Cos. has paid $24.54 million, or $208.54/sf, for the 117,675-square-foot Festival at Manassas retail property in the Washington, D.C., suburb of Manassas, Va. The Washington investment manager bought the property from Finmarc Management Inc. of Bethesda, Md.,...

Ryman Hospitality Properties Inc. has agreed to pay $1.38 billion, or $866,834/room, for the Grande Lakes Orlando Resort in Orlando, Fla. The Nashville, Tenn., REIT is buying the property from Trinity Investments, which bought it eight years ago...

San Antonio Business Journal Sunrise Realty Trust and Southern Realty Trust are selling the Thompson Hotel San Antonio - Riverwalk for $41 million, or $253,086/room. The pending buyer is not immediately known, but it already has contributed $6...

Atlanta Business Chronicle Home Invest has bought East Ponce Village, a 977-unit apartment community in Stone Mountain, Ga., for $70.7 million, or $72,364/unit. The Palm Beach Gardens, Fla., investment firm purchased the garden-style property from Adams Investor Group...

Real Capital Solutions has launched its first-ever commingled fund, RCS Contrarian Office Fund, with a $350 million equity target. The fund will pursue investments in class-A and -B office properties in primary and secondary markets that might be...

Sagard Real Estate has paid $91 million, or $146.50/sf, for the 621,144-square-foot warehouse property at 7001 Quad Ave. in the Baltimore suburb of Rosedale, Md. The Denver investment manager bought the property from an affiliate of LBA Logistics...

Armstrong Capital Development has paid $36 million, or nearly $132/sf, for the 273,105-square-foot Townridge Shopping Center in Raleigh, N.C. The Greenwood Village, Colo., investment manager bought the property, at 6500-6602 Glenwood Ave., from Zeisler-Morgan Properties of Cleveland, which...

South Florida Business Journal El-Ad National Properties has purchased the 99-room Sea Club Ocean Resort Hotel in Fort Lauderdale, Fla., for $59.95 million, or $605,556/room. The Boca Raton, Fla., developer acquired the property from Sea Club Ocean Resort...

South Florida Business Journal American Landmark Apartments has paid $64.8 million, or $302,804/unit, for the 214-unit Savona Grand apartment complex in Lake Worth Beach, Fla. The Tampa, Fla., multifamily investor bought the property from affiliates of MLG Capital...

Ramsfield Hospitality Finance has provided $32 million of mortgage financing against the 246-room Embassy Suites by Hilton Orlando Icon Park hotel within the ICON Park entertainment area in Orlando, Fla. The loan was arranged by Robert Douglas. The...

New York Business Journal An affiliate of Phoenix Realty Group has purchased Dunwell Plaza, a 182-unit apartment building in Manhattan for $80 million, or $439,560/unit. The locally based company bought the affordable housing property from L+M Development Partners,...

Two leases totaling 84,654 square feet have been signed at 8020 Katy Freeway in Houston's I-10 West Corridor, bringing the 225,024-sf office building to full occupancy. Superior Energy, an oil company, leased 56,526 sf and will relocate from...

Commercial Real Estate Direct Staff Report Los Angeles investors Danny Sooferian and Ramin Saghian have paid $63.13 million, or $195.44/sf, for the 323,016-square-foot Orange Center Tower office property in the Los Angeles suburb of Orange, Calif. The two—Sooferian...