TOP NEWS IN REAL ESTATE

* Vornado Realty Trust completed on June 28 a $700 million refinancing of the 770 Broadway office building in Manhattan, N.Y. The loan replaced the previous $700 million loan scheduled to mature in July. The class A property spans 1.2 million square feet.

Vornado also closed on June 15 a $480 million refinancing of the 100 West 33rd St. property in Manhattan, replacing the previous $580 million loan scheduled to mature in April 2024. The property comprises 859,000 square feet of office space and 255,000 square feet of retail space.

* PGIM Real Estate bought the 1401 Lawrence St. building in downtown Denver from Heitman LLC for $233 million, the Denver Business Journal reported. The office tower spans 309,987 square feet and is anchored by law firm Polsinelli.

➤ REIT Replay: REIT share prices slide during week ended July 1

The Dow Jones Equity All REIT index ended the week down a slight 0.63%, with industrial and hotel REITs logging the largest drop in share prices.

➤ Hines' $235M office asset sale tops property deals list in week ended July 1

A weekly rundown of large property transactions in North America through July 1.

READ MORE about the market reaction and industry impact of the evolving situation in Russia and Ukraine in our new Issue in Focus.

OFFICE

* Vornado completed the $172.8 million sale of an office building in Long Island City, N.Y., to an undisclosed buyer. The eight-story Center Building spans 498,000 square feet.

* CapRidge Partners LLC bought the Park at Gateway Centre business park in Morrisville, N.C., from Alidade Capital LLC for nearly $75 million, the Austin Business Journal reported. The property spans 307,140 square feet and comprises four buildings.

RETAIL

* A joint venture between Iron Point Partners LLC and North Rock Real Estate LLC sold a retail power center in Euless, Texas, to Big V Property Group. The Glade Parks Town Center spans 559,457 square feet and is shadow-anchored by Target and an Aloft Hotel.

RESIDENTIAL

* A Security Properties-affiliated entity sold the 400-unit Overlook at Lakemont project in Bellevue, Wash., to Acacia Capital Corp. for about $240.3 million, the Puget Sound Business Journal reported, citing public records.

* Pacific Urban Investors bought the 172-unit Alley24 apartments in Seattle from The Jacobson Co. for $90 million.

* Avanti Residential paid $181 million for a luxury residential building in Miami, Commercial Observer reported. The Estate Cos. sold the Soleste Grand Central property, which comprises 360 units and is 98% occupied.

INDUSTRIAL

* Taurus Investment Holdings LLC bought a five-property industrial portfolio in Georgia, Florida and Texas from Summit Real Estate Group LLC for $157.8 million. The portfolio totals 1.27 million square feet across 12 class A and B buildings and is 98% leased.

* Arden Logistics Management LLC and Arcapita bought a 19-building industrial portfolio from Moxiebridge Inc., the Dallas Business Journal reported, citing a news release. The portfolio in the Dallas-Fort Worth market totals 764,156 square feet and is 96% leased to 29 tenants.

* A nationwide building products distributor leased Terreno Realty Corp.'s about 117,000-square-foot industrial space in Kent, Wash. The full-building lease started June 30 and will expire in December 2029.

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