Commercial Property Executive CapRock Partners has paid $37.5 million, or $153.16/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 firm acquired the property...

Commercial Property Executive Stack Infrastructure, Blue Owl Capital's data-center development arm, has paid $66.4 million for a 71-acre development site at 15140 Keyser Road in Culpeper, Va. The Denver company acquired the property from RACM, which was represented...

South Florida Business Journal An affiliate of Starwood Asset Management has paid $63.75 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,...

Corebridge Financial has provided $155 million of mortgage financing to help fund Meadow Partners' $312.2 million purchase of the 392,954-square-foot office building at 10 East 53rd St. in Manhattan. The loan was arranged by Newmark, which also arranged...

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 Management...

Commercial Real Estate Direct Staff Report Morgan Stanley has provided $24.9 million of mortgage financing to fund Harbor Group International's $41.5 million purchase of the 100,820-square-foot office building at 500 North Gulph Road in the Philadelphia suburb of...

Commercial Real Estate Direct Staff Report Bridge33 Capital has made its first investment in Virginia, paying $117.12 million, or $259/sf, for the 451,972-square-foot 5th Street Station retail property in Charlottesville, Va. The Chicago investment manager has $2.56 billion...

Commercial Property Executive SouthState Bank has provided $43.4 million of financing against the 121,990-square-foot office and retail property at 200 and 250 Columbine St. in Denver. JLL Capital Markets arranged the five-year loan on behalf of the owner,...

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 its developers, Holland...

Commercial Real Estate Direct Staff Report With its Aug. 15 maturity fast approaching, the $1.1 billion CMBS loan against a portfolio of eight office and production studio properties with 2.23 million square feet in Los Angeles owned by...

Mesa West Capital has provided $52 million of mortgage financing against the 162-unit Sumner Mill Apartments in Sumner, Wash., which is roughly 15 miles southeast of Tacoma, Wash. BWE arranged the short-term loan. Timberlane Partners of Seattle developed...

Philadelphia Business Journal An affiliate of Invesco has paid for $66.3 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 Real...

Washington Business Journal RPM Living has purchased the 260-unit Margarite apartment building in Washington, D.C., for $110 million, or $423,077/unit. The Austin, Texas, multifamily investor bought the property from its developer, Grosvenor of Chicago. The buyer financed its...

Multi-Housing News CONAM Group has paid $58 million, or $250,000/unit, for the 232-unit Alicante Apartments in Las Vegas. The San Diego investment firm bought the property, at 4370 South Grand Canyon Drive, from Sares Regis Group, which acquired...

A venture of Hawkins Way Capital and Varde Partners has paid $28 million, or $622,222/unit, for the 45-unit apartment property at 81 East 3rd St. in Manhattan's East Village neighborhood. The venture bought the 13-story building, constructed in...

Commercial Real Estate Direct Staff Report An affiliate of Cannon Commercial Inc. has paid $240 million, or $92.66/sf, for a portfolio of seven industrial properties totaling 2.59 million square feet in Nevada, Illinois, and Ohio. The Los Angeles...

Charlotte Business Journal Tishman Speyer has acquired Berkshire Dilworth, a 296-unit apartment community in Charlotte, N.C., for $76.3 million, or $257,770/unit. The New York investment manager purchased the property, at 1351 East Morehead St., through its $973 million...

Charlotte Business Journal Stonemont Financial Group has acquired two industrial properties totaling 596,099 square feet at 5910 and 5808 Long Creek Park Drive in Charlotte, N.C., for $87.3 million, or $146.45/sf. The Atlanta investor purchased the properties from...

South Florida Business Journal Harbor Group International has bought the 505-unit Emerald Palms Apartments in Miami for $109 million, or $215,842/unit. The Norfolk, Va., company purchased the property from Milestone Group of Dallas, which had acquired it in...

PXV Multifamily, formed late last year by Matt Ferrari, the former co-chief investment officer of TruAmerica Multifamily, has completed its first acquisition, paying $29.5 million, or $136,574/unit, for the 216-unit Village on the Green apartment property in Atlanta....

An investment vehicle managed by BlackRock was the buyer of Camden Property Trust's 11 California apartment properties with 3,609 units. It paid $1.63 million, or $451,648/unit. JLL Capital Markets arranged the deal, along with $566.6 million in agency...

Commercial Real Estate Direct Staff Report Ladder Capital Corp. has provided $41.5 million of mortgage financing against the 384,931-square-foot Meridian Mark office complex in the Indianapolis suburb of Carmel, Ind. The loan, with a 6.79% coupon, requires only...

American Landmark Apartments has acquired the 295-unit Tortuga Bayside apartment property in St. Petersburg, Fla., for $61.3 million, or $207,797/unit. The Tampa, Fla., investment manager bought the property, at 10475 Gandy Blvd. North, from Arium Living, an affiliate...

Commercial Real Estate Direct Staff Report The venture that owns the 441,922-square-foot office building at 261 Fifth Ave. in Manhattan's midtown South has negotiated a forbearance agreement with the special servicer that's handling the property's $180 million mortgage....

Multi-Housing News American Healthcare REIT has paid $102.8 million, or $514,000/unit, for Avella at Almaden, a 200-unit seniors housing property in San Jose, Calif. The Irvine, Calif., REIT acquired the property, at 4610 Almaden Expressway, from its owners...