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NEW YORK CITY — Trinity Place Holdings Inc. (NYSE MKT: TPHS), a real estate investment and management firm, has unveiled plans for a 50-story mixed-use project located at 77 Greenwich St. in New York City’s Financial District in Lower Manhattan. The plan calls for the 285,000-square-foot project to feature 85 luxury residential condominiums and 7,000 square feet of retail space on Greenwich Street, as well as a 476-seat elementary school serving District 2. Trinity Place, owner and developer of the project, declined to disclose the project’s development costs. Slated for completion in 2019, the development site includes the former Syms clothing store and the Dickey House, a Federal-style townhouse constructed in the early 1800s. Trinity Place plans to restore the exterior of the Dickey House and the interior will be adaptively reused. “We are happy to share that we anticipate construction of the project starting this year,” says Matthew Messinger, president and CEO of Trinity Place Holdings. “We are also proud to be working with the New York City School Construction Authority in connection with their efforts to bring a much needed new public school to Lower Manhattan. As Downtown Manhattan continues to see more than $30 billion of public …

NEW YORK CITY — Meridian Investment Sales, the commercial property sales division of Meridian Capital Group, has negotiated the sale of Crescent Club. The Class A multifamily property is located in the Long Island City area of Queens and was sold to Weiss Realty for $97 million. Bonjour Capital was the seller. Lipa Lieberman of Meridian Investment Sales negotiated the transaction. “The Crescent Club offers an exceptional blend of luxury amenities and accessibility in an area that has maintained its historic character,” says Lieberman. “The property has terrific interior design in the common areas and the apartments feature condominium-quality finishes, as well as 10-foot ceiling heights creating a high-end loft feel.” The 140,000-square-foot property houses 130 apartments, 6,000 square feet of retail space and a 50-space parking garage. Crescent Club contains studio, one-, two- and three-bedroom apartments in addition to duplex penthouse units. The property’s amenities include a fitness center and outdoor yoga area, a landscaped backyard with an outdoor pool, chaise lounge seating, sunbathing areas, outdoor shower, barbeque and dining areas, business lounge, resident’s lounge with billiards table, catering kitchen, lobby and the Sky Club featuring views of the Manhattan skyline. It was built in 2012. Located at 41-17 …

SAN ANTONIO, TEXAS — Pure Multi-Family REIT has agreed to acquire two multifamily apartment communities located in San Antonio for a combined price of $117.5 million. The seller was not disclosed. Pure is a publicly traded, Canadian REIT based in Vancouver that invests in U.S. multifamily real estate assets. The two properties are located at 22800 Bulverde Road and 4092 TPC Parkway, both in the San Antonio submarket of Cibolo Canyons. The Bulverde Road property was constructed in 2007 and consists of 344 luxury residential units averaging 1,135 square feet. The 34.8-acre Class A community features a 13,000-square-foot clubhouse, 3,500-square-foot fitness center, onsite spa, townhome buildings with attached garages, resort-style swimming pool and barbecue areas with grills for outdoor entertaining. The TPC Parkway property was constructed in 2014 and consists of 416 luxury residential units averaging 943 square feet. The 19.4-acre Class A community provides views of downtown San Antonio and the neighboring TPC golf courses. Property amenities include a clubhouse, 24-hour high-tech fitness center, detached private garages, infinity-edge swimming pool and barbecue areas with grills for outdoor entertaining. “We are excited to add the TPC Portfolio, consisting of two top-quality assets, located in the prestigious Cibolo Canyons master-planned sub-market, to our …

PORTLAND, Ore. — Sonnenblick-Eichner Co. has arranged $236.7 million of first mortgage financing for seven lifestyle hotels owned and operated by Provenance Hotels. The seven hotels total 1,072 rooms and are mainly located in Seattle and Provenance’s hometown of Portland. One property is located in Nashville, Tenn. Six of the properties received 10-year fixed rate loans, all non-recourse and not cross-collateralized. These properties include Hotel Lucia, Hotel deLuxe, Sentinel, and Westin Portland — all located in Portland — as well as Hotel Max in Seattle and Hotel Preston in Nashville. Provenance Hotel Partners Fund I acquired these six hotels following the financings. “The borrower chose to refinance a majority of the loans prior to maturity,” says Elliot Eichner, principal of Sonnenblick-Eichner Co. “The cost of prepayment was mitigated by the lower cost of capital and the risk associated with the potential of higher interest rates in the future. The borrower also realized pent-up equity they had in the portfolio.” The financing of the seventh hotel, the Roosevelt Hotel in Seattle, was a non-recourse, LIBOR-based loan. Provenance Hotels will use the money to acquire its partners’ equity interest and for the upcoming renovation and repositioning of the hotel. “We were engaged to …

RICHLAND, WASH. — HFF has arranged a $110 million acquisition loan for the largest refrigerated warehouse in North America. Completed in 2015, the Class A, 456,412-square-foot cold storage warehouse and distribution facility is located at 2800 Polar Way in Richland. Mark West, Brandon Chavoya and Coler Yoakam led HFF’s team in arranging the loan. The team worked on behalf of the borrower, an affiliate of Lexington Realty Trust (NYSE: LXP), to place the 10-year, fixed-rate loan with MetLife Agricultural Investments. The purchase price wasn’t disclosed, but Lexington Realty Trust’s SEC filings show the price as $155 million. A wholly owned subsidiary of Preferred Freezer Services, a cold storage provider, leases the facility on a long-term, triple net basis. The property consists of 312,755 square feet of freezer capacity that stores product at -10° F and 94,930 square feet of medium temperature mezzanine dock space. Additional building features include an 11,900-square-foot, two-story office; 6,492-square-foot, two-story equipment/utility room; and 30,335 square feet of mezzanine dock space. At the peak, the freezer has a wall height of 115 feet with an interior clear height of 108 feet, which allows for approximately 11 stories of vertical product storage. Additionally, there are 31 manually operated …

SAN BRUNO, CALIF. — Hudson Pacific Properties (NYSE: HPP) has sold Bayhill Office Center in San Bruno to online video distribution company YouTube for $215 million, or $388 per square foot. The sale was an all-cash, off-market transaction. YouTube is a division of Google Inc. (NASDAQ: GOOG) headquartered in San Bruno, 12 miles south of San Francisco. It was founded in 2005 and was purchased by Google the next year. The campus is adjacent to YouTube’s existing headquarters. YouTube is San Bruno’s largest private employer, according to the Silicon Valley Business Journal, with 800 employees. YouTube has not announced any plans for the new space, but has been tweaking its business strategy. In October, the company launched YouTube Red, a paid subscription service. Hudson Pacific acquired the 554,328-square-foot Class A office campus as part of the San Francisco Peninsula and Silicon Valley portfolio purchased in April 2015 from Blackstone. Hudson Pacific Properties acquires, repositions, develops and operates office, media and entertainment properties in West Coast markets. Founded in 2006 as Hudson Capital, the company went public in 2010 as a REIT. Hudson Pacific’s portfolio spans 16.8 million square feet, including land for development, in California and the Pacific Northwest. Google’s stock …