Valuation: More than $150 million

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 Group and ...

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 with about ...

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 of a ...

Bank OZK, Pearlmark Real Estate and Monroe Capital have provided $174.5 million of senior and mezzanine financing for the development of 300 North Michigan Ave., a 47-story mixed-use building in downtown Chicago. The property is being developed by a venture led ...

Madison Realty Capital has provided $150 million of financing to facilitate WS Communities' renovation efforts at six apartment properties and the development of two more in Southern California. The loan was arranged by Avison Young and RST Capital Partners of ...

Commercial Observer Savanna has lined up $303.5 million of financing for its purchase of 1375 Broadway, a 513,000-square-foot office building in Manhattan. Brookfield Real Estate Finance originated the financing. It kept a $103.5 million mezzanine position and syndicated $200 million ...

Rentv.com CBRE Global Investors has bought 237@First, a 369,000-square-foot office campus in San Jose, Calif., for $174 million, or $471.54/sf. The Los Angeles real estate investment company purchased the two-building property, at 4353 and 4453 North First St., from a venture ...

Commercial Observer David Werner Real Estate Investments has agreed to pay $302 million for a portfolio of 68 apartment buildings in Brooklyn, N.Y. The Brooklyn firm is paying $176.6 million for 45 buildings in a deal scheduled to close this ...

Crain's Chicago Business KKR & Co. Inc. has bought an Amazon fulfillment center totaling 1.5 million square feet in Kenosha, Wis., for $176 million. The New York REIT purchased the two-building industrial property, at 3501 120th Ave. and 11211 Burlington ...

Commercial Real Estate Direct Staff Report The volume of Freddie Mac loans that have received approvals for payment deferrals increased this month by 178 loans with a balance of $1.5 billion, bringing the total volume of loans in the agency's ...

Commercial Observer A venture of Aurora Capital Associates and William Gottlieb Real Estate has secured $150 million of financing against the Solar Carve Tower, a 157,000-square-foot office and retail building in Manhattan. Deutsche Pfandbriefbank of Germany provided the loan, which ...

The Smithsonian Institution has paid $253.7 million, or nearly $558/sf, for 455,000 square feet of office space at the 632,000-sf Capital Gallery complex in Washington, D.C. It acquired the space from Boston Properties Inc., which had developed the property in ...

Commercial Real Estate Direct Staff Report Sotherly Hotels Inc., which owns 12 full-service hotels mostly in the southern United States, has struck deals with a number of its lenders, allowing it to defer payments on $211.7 million of mortgage debt ...

Commercial Observer A venture of Lendlease and L+M Development Partners has obtained a $250 million construction loan for a mixed-use project at 100 Claremont Ave. in Manhattan. Barings provided the loan, which was arranged by JLL. The project will consist ...

The Real Deal United Overseas Bank has provided $204 million of financing against a portfolio of 61 unsold residential condominium units and commercial space in Manhattan. A venture of Alpha Investment Partners and Centurion Real Estate Partners owns the 68-unit ...

Commercial Real Estate Direct Staff Report Steadfast Apartment REIT Inc. has secured a $158.3 million Fannie Mae credit facility against seven properties with 1,936 units in Kentucky, Ohio, Oklahoma and Texas. PNC Bank originated the facility, which consists of a ...

Crain's New York Business Vornado Realty Trust is looking into selling the 70 percent stake it holds in Manhattan's 1290 Avenue of the Americas and San Francisco's 555 California St. The Trump Organization, which owns the remaining 30 percent interest ...

Commercial Real Estate Direct Staff Report WS Development has secured $575 million of financing for the construction of two buildings with nearly 1.1 million square feet of office and laboratory space at 350 and 400 Summer St. in Boston. A ...

SL Green Realty Corp. has secured a $510 million mortgage against the 1.1 million-square-foot office building at 220 East 42nd St. in Manhattan. A group of lenders led by Aareal Capital Corp., and including Citigroup and Credit Agricole provided the ...

Commercial Observer A venture of Brookfield Properties and Douglas Development has secured $500 million of financing against 655 New York Ave. NW, a 768,000-square-foot office building in Washington, D.C. A group of lenders that includes Credit Agricole, Standard Chartered, Helaba ...

BentallGreenOak has paid $164 million, or $177.30/sf, for 50 Veronica Ave., a recently completed warehouse property with 925,000 square feet in Franklin Township, N.J. The New York investment manager bought the property, which is fully leased to LG Electronics USA ...

Rockpoint Group has raised $3.8 billion of equity commitments for its latest opportunistic and value-add fund, well exceeding its $3 billion target. The Boston investment manager had launched capital raising for the vehicle, Rockpoint Real Estate Fund VI LP, at the ...

Bloomberg Developer Sharif El-Gamal has sued a group of lenders for reneging on agreements for more than $162 million of financing for the 50-unit residential condominium project at 45 Park Place in Manhattan. El-Gamal claimed in a New York state ...

Commercial Real Estate Direct Staff Report Braemar Hotels & Resorts Inc., which in April stopped making principal and interest payments on nearly all of its $1.1 billion of mortgage debt, has reached agreements with lender Bank of America to defer ...

The luxury Mark Hotel in Manhattan's Upper East Side neighborhood has missed two payments on its senior mortgage and its mezzanine lender has now moved to take over the property through foreclosure. The property has been shuttered as a result ...