Commercial Real Estate Direct Staff Report The vacancy rate for Phoenix's largest warehouses, those so-called "bulk warehouses" that measure more than 300,000 square feet each, has declined to 5.8%, a dramatic turnaround from the 32.5% peak reached in...

FrontRange Capital Partners has lined up $74.83 million of Freddie Mac financing against the 220-unit EVO St. Petersburg apartment property in St. Petersburg, Fla. Walker & Dunlop arranged the fixed-rate loan on behalf of the Denver private equity...

South Florida Business Journal Publix Super Markets has paid $83.25 million, or $406.61/sf, for Airpark Plaza, a 204,740-square-foot shopping center in Miami. The Lakeland, Fla., grocery chain acquired the retail property from an affiliate of First Washington Realty...

Washington Business Journal Stockbridge Capital Group has paid $56.6 million, or $278.82/sf, for a 203,000-square-foot industrial property at 8511 Pepco Place in Upper Marlboro, Md., about 12 miles southeast of Washington, D.C. The San Francisco real estate investment...

JLL Income Property Trust has paid $90.25 million, or nearly $228/sf, for the 396,375-square-foot Worcester Distribution Center in the Boston suburb of Boylston, Mass. The Chicago REIT, whose shares do not trade on any exchange, bought the four-year...

Park Hotels & Resorts Inc. has paid off the $1.275 billion CMBS loan against the 2,860-room Hilton Hawaiian Village Waikiki Beach Resort in Honolulu. The Tysons, Va., REIT funded the payoff by drawing against two credit facilities. It...

Morgan Stanley Real Estate Investing has paid $84.1 million, or $443.84/sf, for 601 McCarthy, a 189,481-square-foot research and development property in the Silicon Valley city of Milpitas, Calif. The New York investment manager acquired the property, at 601...

MetLife Investment Management has provided $35.4 million of financing for the construction of a 150,000-square-foot flex/research and development property at 161 Concord Road in the Boston suburb of Billerica, Mass. The property is being developed by Berkeley Garbe...

Denver Business Journal Pauls Corp. has paid $57.25 million, or $170.43/sf, for Regency Plaza, a 335,908-square-foot office property in Denver. The local investor, which had previously owned the property in the 1990s, acquired it from Granite Properties, which...

Philadelphia Business Journal American Healthcare REIT has paid $42.58 million, or $506,905/unit, for the 84-unit Residence at Bala Cynwyd seniors-housing property in the Philadelphia suburb of Bala Cynwyd, Pa. The Irvine, Calif., REIT purchased the property from its...

Commercial Real Estate Direct Staff Report BAM Capital has paid $57.78 million, or $172,994/unit, for the 334-unit Marling at Town Creek apartment complex in the Wilmington, N.C., suburb of Leland, N.C. The Indianapolis investment manager, an affiliate of...

Crain's Chicago Business Nuveen has paid $91 million, or $473,958/unit, for the 192-unit apartment complex at 255 North Addison Ave. in the Chicago suburb of Elmhurst, Ill. The New York investment manager acquired the property from its developer,...

Charlotte Business Journal Investicore Holdings USA has paid $64 million, or $112.52/sf, for ThExchange, a 568,811-square-foot office park in Charlotte, N.C. The local real estate investment firm bought the 14-building property from Ares Management Corp. of Los Angeles,...

Dwight Capital has provided $60 million of mortgage financing under the U.S. Department of Housing and Urban Development's 223(f) program for the 194-unit Birchwood Grove townhome property in Davenport, Iowa. Loans under the 223(f) program fully amortize over...

Commercial Real Estate Direct Staff Report The 759,608-square-foot Bank of America Plaza office property in downtown St. Louis has sold for $9.6 million, resulting in a $39.1 million loss to the CMBS trust that held its $42.8 million...

JPMorgan Chase Bank has provided $66.5 million of mortgage financing against the 81,684-square-foot office building at 836-838 Broadway in Manhattan's Union Square neighborhood. The loan, arranged by Newmark, allowed the 150-year-old building's owner, ZG Capital Partners, to refinance...

Silicon Valley Business Journal An affiliate of Property Reserve, the real estate investment arm of the Church of Jesus Christ of Latter-day Saints, has paid $296.67 million, or $898,991/unit, for the Village Residences, a 330-unit apartment property in...

Commercial Real Estate Direct Staff Report JLL Real Estate Capital has provided $86.05 million of Fannie Mae mortgage financing against the 400-unit Griffis Union Station apartments in downtown Denver. The five-year loan allowed the property's owner, Griffis Residential...

Torchlight Investors has provided $238 million of financing against the 631-unit Landmark South apartment property in the Miami suburb of Doral, Fla. The short-term loan was arranged by Walker & Dunlop and allowed the property's owner, JSB Capital...

Davis Cos., which recently formed a dedicated credit platform, has provided $44 million of financing to fund the conversion of the 94,851-square-foot office building at 31 Milk St. in Boston into residential use. The 11-story building, between Hawley...

Boston Business Journal STAG Industrial Inc. has paid $44.4 million, or $100.23/sf, for a 443,000-square-foot warehouse in Caledonia, Wis. The Boston REIT acquired the industrial property from an affiliate of Scannell Properties of Indianapolis. The warehouse was built...

Boston Business Journal Jemal Equities has paid $92 million, or $362.20/sf, for the 254,000-square-foot office building at 1330 Connecticut Ave. NW in Washington, D.C. The local real estate firm acquired the 10-story building from BXP, a Boston REIT...

South Florida Business Journal Dauntless Capital Partners has paid $44.24 million, or $203,871/room, for the 217-room Arlo Wynwood hotel in Miami. The Houston hotel investor acquired the nine-story property from an affiliate of Quadrum Global of New York....

An affiliate of 1788 Holdings LLC has paid $15 million, or nearly $146/sf, for the 103,000-square-foot industrial building at 51 Ritchie Road in the Washington, D.C., suburb of Capitol Heights, Md. The Falls Church, Va., investment manager was...

ANiMAL Group has paid $52.44 million, or $194,240/unit, for the 270-unit Lorrel apartment property in Little River, S.C., some 24 miles northeast of Myrtle Beach, S.C. The Atlanta opportunistic investor purchased the three-year-old property, at 3465 Sandler Blvd.,...