The Real Deal Fortress Investment Group has paid $50 million, or $95,238/room, for Westin O'Hare, a 525-room hotel in Rosemont, Ill., a northwestern suburb of Chicago. The New York investment manager acquired the property from Clarion Partners, also...

Commercial Real Estate Direct Staff Report AndMark Management Co. has paid $28.25 million, or $103,860/unit, for the 272-unit Brookwood apartment property in Tucson, Ariz. The Los Angeles investment manager, which invests in apartment properties through a series of...

Phoenix Business Journal An affiliate of InvenTrust Properties has paid $31.2 million, or $519.19/sf, for a 60,094-square-foot portion of Marketplace at Hudson Station, a 197,830-sf retail center in Queen Creek, Ariz. The Downers Grove, Ill., retail REIT acquired...

Tampa Bay Business Journal Ram Realty Advisors has paid $131 million, or $400,612/unit, for Beacon 430, a 327-unit apartment complex in downtown St. Petersburg, Fla. The Palm Beach Gardens, Fla., company purchased the four-story property from Ascent Residential...

Commercial Observer JSRE Acquisitions has paid $40 million, or $3,846/sf, for the 10,400-square-foot retail building at 713 Madison Ave. on Manhattan's Upper East Side. The New York investor bought the six-story building from French luxury retail company Longchamp,...

Pearlmark Real Estate has provided a $70 million loan against the 525,000-square-foot Tri-State Distribution Center in Claymont, Del., near Wilmington, Del. The three-year loan, arranged by JLL Capital Markets, allowed the property's owner, a venture of KPR Centers...

Commercial Real Estate Direct Staff Report Multifamily construction starts increased last year to 393,000 units from the 332,000 units that were started in 2024, putting them at a level greater than the 316,000-unit annual average between 2015 and...

Prologis has paid $104 million, or $113.64/sf, for Cotton 303 Logistics Center, a 915,160-square-foot industrial property in Glendale, Ariz. The San Francisco REIT acquired the property, at 6801 North Cotton Lane, from its developer, a venture of Pizzuti...

David Simon, chairman, chief executive and president of Simon Property Group, died yesterday after a two-year battle with cancer. He was 64. Simon joined the Indianapolis REIT's predecessor in 1990, shepherding the mall owner through its initial public...

Crain's Chicago Business Strategic Properties of North America is offering for sale the 196-unit apartment property at 1250 North LaSalle St. in Chiago's Gold Coast neighborhood. The Lakewood, N.J., investment firm hired Newmark to market the property, which...

Crain's Chicago Business RPM Living has paid $102 million, or $346,938/unit, for Orland Ridge, a 294-unit apartment property in Orland Park, Ill., a southern suburb of Chicago. The Austin, Texas, multifamily investor bought the property from its developer,...

Commercial Real Estate Direct Staff Report Empire State Realty Trust Inc. recorded 847,598 square feet of office leasing during 2025. That compares with the 1.27 million sf of leasing it recorded during the previous year. But the New...

Commercial Real Estate Direct Staff Report JPMorgan Chase Bank has provided $49 million of mortgage financing to facilitate TKF Burnside Real Estate Partners' $67.5 million purchase of the 393,710-square-foot office property at 360 Hamilton Ave. in White Plains,...

Terreno Realty Corp. has sold the 231,000-square-foot industrial property at 1855 West 139th St. in Gardena, Calif., for $44 million, or $190.48/sf. The buyer could not be learned immediately. Terreno, of Bellevue, Wash., bought the property in 2017...

Lisa Pendergast, who was named head of the Commercial Real Estate Council 10 years ago, has announced her retirement, effective early August. Pendergast, a long-time industry veteran, joined the trade organization from Jefferies, where she was managing director...

Commercial Real Estate Direct Staff Report Apollo Global Management has agreed to invest $1 billion in a newly created venture with Realty Income Corp. that will own roughly 500 of the REIT's retail properties. The transaction marks another...

Triangle Business Journal World Wide Group is offering for sale SkyHouse Raleigh, a 320-unit apartment building in downtown Raleigh, N.C. The New York investment firm has tapped Northmarq Carolinas to market the 23-story property at 308 South Blount St....

Crain's Chicago Business Vista Property Group is offering for sale 3Eleven, a 245-unit apartment property in Chicago. The New York investment firm hired Newmark to market the property, which it bought in 2023 for $76 million. The property...

North Palisade Partners has paid $39.3 million for two neighboring self-storage properties with 199,300 square feet in the Northern Liberties section of Philadelphia. The Newport Beach, Calif., investment manager pursues acquisition and development opportunities involving industrial, industrial outdoor...

An affiliate of Brookfield Asset Management has provided $370 million of mortgage financing against the 517-unit Society Brooklyn apartment complex in the Gowanus section of Brooklyn, N.Y. The loan allowed the property's developer, a venture of Property Markets...

Milwaukee Business Journal An affiliate of Eaton Vance has paid $71.4 million, or $229.58/sf, for the 311,000-square-foot cold-storage facility at 13001 Baxter Court in Franksville, Wis., a southern suburb of Milwaukee. The Boston investment manager acquired the warehouse...

Rentv.com BWE has provided $82.9 million of Fannie Mae financing against the 398-unit River Ranch Apartments in Simi Valley, Calif., a northwest suburb of Los Angeles. The five-year loan pays a fixed-rate coupon and allows the owner, Decron...

Dallas Business Journal Younger Partners Investments has lined up $113.7 million of financing for its purchase of the 375,000-square-foot Presidio Junction retail portfolio in Fort Worth, Texas. An unidentified life insurance company provided the loan, which was arranged by Marcus...

PPM America Inc. has provided $125 million of financing against eight industrial properties with 3.9 million square feet around Indianapolis International Airport. JLL Capital Markets arranged the debt on behalf of the properties' owner, OVB Indianapolis Industrial LLC,...

Commercial Real Estate Direct Staff Report The SL Green Realty Corp. venture that owns One Madison Ave. in the Midtown South submarket of Manhattan has lined up a $1.65 billion mortgage against the 1.4 million-square-foot office property. The...