| Broadreach Capital Partners Places New Financing of $150 Mil on Silicon Valley Office Build-to-Suit
Broadreach Capital Partners has landed $150 mil in financing for 1625 Plymouth, a 245.7k sf, build-to-suit office development located in the North Bayshore submarket of Mountain View. HFF’s Bruce Ganong and Bercut Smith arran...
| Commercial Financing Briefs
NEWMARK - Mark Ritchie and Jasmine Polson with Newmark® arranged $43.4 mil in financing for a 285k sf shopping center in Lakewood, CO. Anchored by King Soopers, a supermarket brand of Kroger, and sub-anchored by Ross, Petco, ...
| iBorrow Provides $17 Mil on Gardena Property
iBorrow has provided a $17 mil loan on a two-story, 125.8k sf flex/R&D building and an adjacent two-story 20.9k sf office building located in Gardena for a single borrower. The loan was arranged by iBorrow’s Will McCabe.
| CREXi Secures $11 Mil Series A Investment
CREXi, a leading marketplace and technology platform for the commercial real estate industry, has obtained $11 mil in Series A financing. The round was led by Jackson Square Ventures. Other investors in the round included Man...
| Office Asset along LA’s Miracle Mile Lands $105 Mil Refi Loan
A J.H. Snyder Company affiliate has obtained a $105 mil refi loan on SAG-AFTRA Plaza, an 11-story, 548k sf office building in LA’s Miracle Mile area. The building is located at 5757 Wilshire Blvd.
SAG-AFTRA Plaza caters to a...
| Dominion Mortgage Corporation Wraps Up One of Its Best 12-Month Periods in 40 Years
Dominion Mortgage Corporation, the 40-year-old, national real estate loan provider, has just completed one of its most successful 12-month periods in the company’s history.
Established in 1977, Dominion Mortgage Corporation...
| San Jose Office Campus Lands $71 Mil Refi
A Rockwood Capital and Four Corners Properties joint venture has obtained refinancing of $71.5 mil on The Junction at Montague, a four-building, 262.1k sf office/R&D campus they own in North San Jose.
Located at 2520, 2560, ...
| Alamo Manhattan Teams with Diamond Realty Investments for $47 Mil Joint Venture Equity in Portland CBD Res Development
HFF arranged $47.37 mil in joint venture equity for the development of 100 Columbia, a 347-unit, Class A+ high-rise multi-housing community in the Portland CBD. Working on behalf of developer, Alamo Manhattan, the HFF team ar...
| Silicon Valley Office Buy Financed with $41 Mil Bridge Loan
Vahe Tashjian of Dutchints Development has purchased a 71k sf office asset in the Silicon Valley from an institutional seller. Although the actual price was not given out, we do know that the deal was financed with a $41 mil ...
| Beverly Hills Office Building Trades in $69 Mil Deal
A joint venture between Cruzan and Cigna Investment Management paid $69.25 mil for a 106.9k sf ($648/sf) office property in Beverly Hills. Purchase of the building, located at 9171 Wilshire Blvd, was financed with a $51.5 mil...
| Commercial Real Estate Lending Markets Remain Robust in the First Quarter of 2018
Commercial real estate lending markets remained strong in Q1 2018 despite recent financial market volatility, with healthy loan production volumes and favorable credit spreads, according to the latest research from CBRE.
| Hines-Led Venture Secures $144 Mil in New Financing on Irvine Office Complex
A joint venture between Hines and a leading global investment management firm has secured $144 mil in new financing on Intersect, a four-building, 452.2k sf office campus they own in Irvine. The Class A, mid-rise complex is l...
| AZ Resort Refinanced with $63.5 Mil Loan
Scottsdale Plaza Resort, a 404-room, full-service resort hotel in Scottsdale, AZ, was refinanced with a new $63.5 mil loan.
Owned and operated by the borrower, Scottsdale Plaza Resort LLC, since it opened in 1976, the Scott...
| Funding Obtained for Conversion of OR RV Park to Tiny Home Community
Columbia Pacific Advisors has funded $10.25 mil in short-term debt to complete the conversion of a former RV Park into a “tiny home” resort community near Salem, OR.
Funded through Columbia’s bridge lending platform, the two...
| WA Multifamily Property Lands $11.3 Mil in Freddie Mac Money
CBRE Capital Markets’ Debt & Structured Finance team has secured $11.3 mil in financing for The Commons at Innovation Center, a 150-unit apartment complex in Richland, WA. The property is within the Tri-Cities Research Distri...
| Brick and Timber Collective Buys Office Property in San Francisco’s North Waterfront Submarket
Brick and Timber Collective has purchased a 54.4k sf office building in San Francisco’s North Waterfront submarket. PCCP LLC provided $26.2 mil in financing for the acquisition and repositioning of the five-story, Class A bui...
| Commercial Real Estate Financing Briefs
GREYSTONE - Simon Herrmann, Todd Vitzthum, and Cody Field with Greystone has provided a $28.5 mil Fannie Mae DUS loan for the acquisition of Carmel Pointe in Sacramento, CA. Located at 7826 Center Pkwy, Carmel Pointe is a gar...
| San Diego Office Property Refinanced with New $44.75 Mil Loan
Manchester Financial Group has secured a $44.75 mil refi loan on its Manchester Financial Centre, a 160k sf, office property in San Diego.
Originally built in1965, the storied 12-story building is located at 2550 Fifth Ave, ...
| Bay Area Mixed-Use Project Underway Thanks to $65 Mil in Construction Money
Fremont Hills Development Corp has obtained $65 mil in construction financing for the development of Mission Hills, a mixed-use project in the Bay Area city of Fremont. The loan was provided by Parkview Financial.
| Demmon Partners Acquires 50-Unit Multifamily Property in Downtown Sacramento
Demmon Partners has acquired 16 Powerhouse, a 50-unit, Class A multifamily property in downtown Sacramento. Although we don’t have the actual purchase price, we can tell you that the buy was funded with $15.92 mil in Fannie M...