Commercial Property Executive CapRock Partners has paid $375 million, or $15316/sf, for Summit at Surprise, a 244,847-square-foot industrial property in Surprise, Ariz, about 21 miles northwest of Phoenix The Newport Beach, Calif, private equity...
Commercial Property Executive Stack Infrastructure, Blue Owl Capital’s data-center development arm, has paid $664 million for a 71-acre development site at 15140 Keyser Road in Culpeper, Va The Denver company acquired the property from RACM,...
South Florida Business Journal An affiliate of Starwood Asset Management has paid $6375 million for a pair of affordable housing communities with a combined 310 units in the Miami area The Miami Beach, Fla, company paid $34 million, or...
Orlando Business Journal Peachtree Group has purchased the 150-room Holiday Inn Express Cape Canaveral in Cape Canaveral, Fla, for $40 million, or $266,667/room The Atlanta investment manager bought the hotel from its developer, an affiliate of KWC...
Commercial Real Estate Direct Staff Report Bridge33 Capital has made its first investment in Virginia, paying $11712 million, or $259/sf, for the 451,972-square-foot 5th Street Station retail property in Charlottesville, Va The Chicago investment...
Puget Sound Business Journal An affiliate of BentallGreenOak, or BGO, has paid $152 million, or $638,655/unit, for Ballard Independent, a 238-unit apartment complex in Seattle The New York investment manager acquired the seven-story property from...
Philadelphia Business Journal An affiliate of Invesco has paid for $663 million, or $312,736/unit, for Spring House at Brandywine, a 212-unit apartment complex in West Chester, Pa The Atlanta investment manager bought the property from Coastal Ridge...
South Florida Business Journal Rivani has purchased the 404 Washington office and retail building in Miami Beach, Fla, for $315 million, or $20095/sf The local developer bought the 156,752-square-foot property from Dominion Partners LP of Sunny...
Washington Business Journal RPM Living has purchased the 260-unit Margarite apartment building in Washington, DC, for $110 million, or $423,077/unit The Austin, Texas, multifamily investor bought the property from its developer, Grosvenor of Chicago...
Washington Business Journal ESJ Capital Markets has sold three flex buildings totaling 143,966 square feet in the Washington, DC, suburb of Silver Spring, Md, for $285 million, or $19796/sf Transwestern brokered the deal on behalf of the Miami-based...
Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
