Capital Markets

JERSEY CITY, NJ—The firm anticipates 2016 dispositions to total approximately $730 million, consisting of 27 office buildings totaling 4.5 million square feet and one residential building with a GAAP NOI yield of approximately 5.5% overall.

WASHINGTON, DC--JP Morgan Asset Management will be the investment manager of the fund, which is also focusing on New York, Boston, Chicago, San Francisco and Los Angeles.

NEW YORK CITY—The REIT, and the city's largest commercial property landlord, sold a minority—but large—portion of the East 57th street property in a transaction that also included a recapitalization.

HFF worked on behalf of the borrower, Oxford Development Company, to place the 10-year, fixed-rate loan with Goldman Sachs. HFF will service the securitized loan, proceeds of which were used to primarily pay off a maturing loan.

RANCHO SANTA MARGARITA, CA—Plaza El Paseo, a 107,000-square-foot shopping center here, has sold to Plaza El Paseo Center LLC for $56.6 million thanks to a financing strategy devised by Faris Lee, GlobeSt.com learns <b>EXCLUSIVELY</b>.

ATLANTA—The acquisition will bring Pillar Financial's multifamily lending business, among a handful to be licensed by all three agencies, into the SunTrust fold.

STAMFORD, CT—“We are done listening to excuses from the Taubman family for the company's undervaluation and inferior operating performance,” Land and Buildings' Jonathan Litt writes in a letter to Taubman Centers' independent directors.

NEW YORK CITY—Done by Paramount Group, the financing will go toward paying down the debt at some of the REITs other properties.