Multi-family Housing

NEW YORK CITY-Two Trees Management, a family-owned real estate firm, has signed a contract to acquire a 340,000 square-foot office building at 50 West 23rd Street, Manhattan, from Moinian Group for $129.5 million.

GILBERT, AZ-Heliae Development LLC has inked a lease for 60 months with Mountain West Industrial Properties for 15,070 square feet of space at the 202 Business Park on 614 E. Germann Road in Gilbert.

WASHINGTON, DC-The game-changing Dodd-Frank financial overhaul touches upon a wide range of real estate-related activities from appraisal fees to CMBS structures.

Buying and selling loans as opposed to the assets themselves has come into vogue as a way of accelerating the process. On both sides of the transaction, there are pluses and minuses to consider.

Risks abound, but so do the rewards if you know what you’re doing.

PHILADELPHIA-The firm acquires the Westin Philadelphia and the Embassy Suites - Philadelphia from HEI Hotels & Resorts.

NEW YORK CITY-A judge heard arguments Thursday in the dispute between mortgage holders and a partnership that bought senior mezz debt, but did not issue a ruling.

SAN FRANCISCO-The locally based company submits the winning bid among 17 prospective buyers. The portfolio was on the market at an asking price of $34 million.

LOS ANGELES-One property of 72 units trades in a short sale, and a 34-unit complex in Ojai sells within 25 days.

CARLSBAD, CA-The hospitality industry finance broker will place the debt on behalf of a lender who will fund up to approximately $15 million in loan dollars per deal.

LANHAM, MD-Architect of the Capitol will be the first occupant with its recent purchase of 12 acres.

ORLANDO-Tampa-based apartment operator sees Orlando's market as down, but not out, and is scooping up hundreds of units.

NEWARK-The locally based company has purchased three HUD rental properties totaling 450 units.

DENVER-Panattoni Development Cos. taps NewMark Merrill Mountain States, a division of NewMark Merrill Cos. to manage four Colorado retail centers.

ATLANTA-A warehouse building in an overbuilt Atlanta submarket will compete for tenants with its LEED certification.

IRVING, TX-The company has renewed and expanded its offices in the 300,000-square-foot building, which is 65% occupied, in this Dallas suburb.

ZHENGZHOU, CHINA-Architects Brininstool, Kerwin and Lynch are finalists to design about six million square feet of office, hotel and retail space next to a new high-speed rail station.

OAK BROOK, IL-The lease, along with MetLife signing for another 14,200 square feet, brings the 555,000-square-foot Commerce Plaza to 84% occupied. Plus more Midwest news.

WASHINGTON, DC-That number was more than forecast, even as the US dropped 54,000 positions from the payroll.

GLENVIEW, IL-Florida-based Regency Centers Corp. has purchased a shopping center at the crossway of Waukegan Road and Lake Avenue in Glenview for $18 million.