INITIAL PRICING: Benchmark Mortgage Trust, 2020-B17

PCCP LLC has purchased a $99.3 million performing loan against The Star, a mixed-use property at 1111 Rusk St. in downtown Houston. The Los Angeles investment manager bought the loan from TPG Real Estate Finance Trust, which suffered...

The volume of apartment sales in New York City totaled $628.5 million during the second quarter, down 69 percent from the same period a year ago, according to Ariel Property Advisors. That was the third-lowest quarterly volume since...

Dallas Morning News VanTrust Real Estate has filed plans to build McKinney Coropate Center II, a 115,000-square-foot office building in the Dallas suburb of McKinney, Texas. The four-story project is being built in the 113-acre McKinney Corporate Center...

Triangle Business Journal Merritt Properties has proposed developing a 271,450-square-foot industrial project in Knightdale, N.C., about 13 miles east of Raleigh, N.C. The five-building property is going up on 46.21 acres at 123 Hinton Oaks Blvd. The project...

South Florida Business Journal Shoma Group has started work on the Shoma Village mixed-use project in Hialeah, Fla. The develoepr recently lined up $67.21 million of construction financing from Walker & Dunlop for the seven-story project, which is...

Crain's Chicago Business An affiliate of Eaton Vance Real Estate Investment Group has bought the 72,500-square-foot Whole Foods Market at 3201 North Ashland Ave. in Chicago's Lakeview neighborhood for $70.9 million, or $977.93/sf. The Boston investment firm purchased...

Multi-Housing News Oxford Properties Group has bought the 461-unit Kiara Apartments in Seattle for $320 million, or $694,143/unit. The Toronto real estate investment company bought the 41-story property, at 970 Denny Way, from a venture of Holland Partner...

Commercial Real Estate Direct Staff Report BH Properties, a 30-year-old opportunistic property investor, has launched a platform to provide debtor-in-possession financing for middle-market real estate companies or properties that are in receivership or have been thrown into bankruptcy....

Commercial Real Estate Direct Staff Report Industrial Property Trust has sold its remaining portfolio of properties and developments for $301 million. Black Creek Industrial REIT IV Inc. acquired the portfolio, which consists of minority interests in 64 buildings...