PGIM Lends $195Mln Against 2 Hotels in California, Washington, D.C.

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...

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...

Roughly $1.9 billion of CMBS loans evidently received forbearance, or payment deferrals, this month, according to Trepp LLC. That's likely to translate to a slowdown in the growth of the overall CMBS delinquency rate, which reached near-record levels...

Commercial Property Executive CBRE Global Investors has bought 123 Townsend St., a 137,625-square-foot office building in San Francisco, for $140 million, or $1,017.26/sf. The Los Angeles investment company purchased the six-story building from Manchester Capital Management, which had...

KKR & Co. has completed capital-raising for its second CMBS B-piece investment vehicle, raising $950 million of commitments. The fund, KKR Real Estate Credit Opportunity Partners II, already has completed nine investments and has circled the risk-retention bonds...

Multi-Housing News The 62-unit Coral Reef Apartments in San Gabriel, Calif., has been sold to a private investor for $14.7 million, or $237,096/unit. CBRE brokered the deal on behalf of the buyer and the undisclosed seller. The property,...

The coronavirus pandemic has had a profound impact on the seniors-housing sector, with occupancy dropping by 2.8 percentage points during the second quarter to 84.9 percent. That's the largest quarterly decline in occupancy in 14 years, according to...

Colorado Real Estate Journal Greystar Real Estate Partners has bought the 480-unit Champions Park Apartments in Thornton, Colo., for $119 million, or $247,917/unit. The Charleston, S.C., investment company purchased the complex, at 2525 East 104th Ave., from Eaton...