| Net Lease Alliance Lands $16 Mil to Complete Construction of Disrupted Retail Development in Washington
Net Lease Alliance has obtained $16 mil in financing to resume and complete the construction of a 125.1k sf retail center in the suburban Seattle community of Puyallup. The project involves the redevelopment of a former Lowe’...
| Vacant DTLA Office Building to Be Converted into a 180-Room Hotel
Oceans V has secured $50.9 mil in construction financing to reposition a vacant office building into the Cambria Hotel and Suites, a 180-room, full-service hotel in downtown Los Angeles. The loan was arranged by HFF’s Matthew...
| Embassy Suites by Hilton Anaheim – South Hotel Refinanced with $71 Mil Loan
Landmark Companies has obtained a $71 mil, fixed-rate loan for the 375-key Embassy Suites by Hilton Anaheim - South hotel. The hotel, at 11767 Harbor Blvd in Garden Grove, is located two blocks from Disneyland Resort.
| Universe Holdings Secures $27.65 Mil in Cash-Out Refi Loans on Three L.A. Apartment Assets
Taking advantage of the rising property values in its approximate 2,500-unit apartment portfolio, Universe Holdings has received $27.65 mil in cash-out refinance loans secured by three of its Los Angeles apartment communities...
| Creative Office Portfolio in Culver City Lands $231 Refi Loan
Square Mile Capital Management LLC and Deutsche Bank have co-originated $231.6 mil in financing for a 319.4k sf creative office portfolio located in Culver City. The borrower is Samitaur Constructs, a Los Angeles-based owner/...
| Two High-End San Francisco Retail Properties Land $125 Mil in Refi Money
Newmark Knight Frank has arranged a $125 mil, fixed-rate loan on behalf of a high net worth family investment entity to refi two high-end retail properties in San Francisco. The assets, located at 111 Maiden Lane and 201 Post...
| Landmark Hotel in Downtown Sacramento to be Redeveloped into a 172-Room Hyatt Centric City Center
Downtown Sacramento will soon have a new boutique hotel added to the city’s mix of hospitality choices, as Presidio Companies has obtained $49.66 mil in construction financing for for the redevelopment of the historic Marshal...
| SoCal Multifamily Loan Hat Trick Totals Nearly $14 Mil
A trio of recent SoCal multifamily financing transactions totaled up to $13.89 mil. The loans were all arranged by Continental Partners’ J.M. Grimaldi, Carl Riggins and Brian Asheghian.
The largest of the deals was $5.4 mil ...
| BPM Real Estate Group Lands $115 Mil in Construction Money for New 326-Room Radisson Blu Hotel in Anaheim
BPM Real Estate Group has obtained a $115 mil, non-recourse senior construction loan for the ground-up development of a 326-key, four-star Radisson Blu hotel in Anaheim. The hotel, located at 1601 S. Anaheim Blvd and situated...
| Spec Office Project in the Bay Area to Move Forward with $65 Mil in Construction Financing
Acclaim Companies has secured $65.7 mil in non-recourse construction financing for 855 Main Street, a 100k sf, spec office development in downtown Redwood City. Menlo Park-based Acclaim received entitlement approvals for the ...
| Commercial Real Estate Financing Briefs
GEORGE SMITH PARTNERS -- Zack Streit, Malcolm Davies, Evan Kinne, Rachael Lewis, Alexander Rossinsky and Aiden Moran with George Smith Partners arranged $45 mil in non-recourse financing for a mixed-use production studio and ...
| Construction of Redwood City Office Development a Go After Securing Funding of $65 Mil
Acclaim Companies has secured $65.7 mil in financing for the development of 855 Main Street, a 100k sf office building the firm plans to build in downtown Redwood City. The loan was arranged by Newmark Knight Frank and funded...
| Decron Properties Refinances 83-Unit, L.A. Koreatown Res Property
Decron Properties has obtained $16.5 mil in refi money on Kingsley Drive Apartments, an 83-unit multifamily property in Los Angeles. The seven-year loan, provided by a life insurance company, features full-term, interest-only...
| Rescore Property Corp Secures Construction Financing for 364-Unit Res Project in L.A.’s Koreatown
Rescore Property Corp has obtained $153.75 mil in construction financing for Rise Koreatown, a seven-story, Class A multifamily property located just off Wilshire Blvd in Los Angeles. The loan was arranged by Walker & Dunlop ...
| Commercial Real Estate Financing Briefs
HFF - Greg Brown and AJ Manas with HFF arranged $26.65 mil in refinancing of a 19-property, 245-bed student housing portfolio near the campus of The University of Southern California (USC) in Los Angeles. The portfolio is loc...
| Oakland Apartment Development Recapitalized with $44 Mil in Joint-Venture Equity and Debt
Holliday Development has recapitalized The Union, a 110-unit apartment development located in an opportunity zone adjacent to the West Oakland BART Station, with $44 mil that was arranged by Highland Realty Capital. The fundi...
| Pole Capital USA Pays $42.5 Mil for Irvine Shopping Center
Pole Capital USA, the U.S. division of a Singaporean real estate investment company, recently acquired Jamboree Promenade, a 56.9k sf shopping center in Irvine, for $42.5 mil in an all-cash deal. The asset was later financed ...
| Glendora Retail Center Lands $17 Mil in Post-Acquisition Financing
HFF arranged $17.1 mil in post-acquisition financing on Grand and Alosta, a 70.8k sf, newly redeveloped, grocery-anchored retail center in the San Gabriel Valley city of Glendora. The property was redeveloped in 2018, which i...
| G.H. Palmer Associates Secures $114 Mil in Refinancing on Three Canyon County Apartment Properties
Beverly Hills-based developer G.H. Palmer Associates has obtained $114.13 mil in financing on three multifamily properties totaling 799 units in Canyon Country. The financing was arranged by NorthMarq Capital and funded throu...
| Fields Holdings Secures $64 Mil Loan for Construction of WA Student Housing Project
Fields Holdings LLC has obtained $64 mil in construction financing for “The M,” a luxury 24-story off-campus student housing development near the University of Washington (UW) in Seattle. The loan was arranged by Quantum Capi...