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Real Estate Rumors: Union Labor, Clarion, Brickless

Law360 (March 12, 2019, 4:14 PM EDT) -- Union Labor Life Insurance Co. has loaned $46.5 million to Phillips International for a Florida apartment complex, Commercial Observer reported Tuesday. The loan is for Soldara at Wellington, a 230-unit property located about 12 miles outside West Palm Beach, according to the report. Phillips bought the complex in 2016 for $58 million, Commercial Observer said.

Clarion Partners has picked up four development lots near downtown Culver City, California, for $32.6 million, The Real Deal reported Tuesday. The firm bought a building at 3835 Watseka Ave. as well as multiple adjacent lots, and with the properties now has a development site measuring...

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