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• California Landmark Group Locks in $84.75 Mil Refi on Two High-End L.A. Apartment Communities
3/22/22
California Landmark Group has recapitalized two luxury apartment properties in Los Angeles in an $84.75 mil refi deal originated by Mesa West Capital. The refi was secured by two residential communities, the “HW” by CLG, a 79...
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• Ocean Lodging Buys 29-Key Blue Lantern Inn in Dana Point
3/18/22
Ocean Lodging purchased the Blue Lantern Inn, a 29-key, luxury boutique hotel in Dana Point. The deal was financed with an acquisition loan for $9.5 mil.
Overlooking the Dana Point Yacht Harbor, Blue Lantern Inn offers tradi...
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• Six Peak Capital Lands $53.7 Mil in Financing on L.A. Multifamily Portfolio
3/17/22
George Smith Partners has arranged $53.7 mil in non-recourse bridge financing for a six-property portfolio comprising three conventional multifamily properties and three co-living properties in Los Angeles. The financing was ...
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• Legacy Partners Secures Joint Venture Equity for 288-Unit Washington Multifamily Development
3/11/22
Legacy Partners Inc has obtained joint venture equity for the development of Bellevue Station, a 288-unit, mid-rise transit-oriented apartment project in Bellevue, WA. The equity was provided by New York Life Real Estate Inve...
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• Davlyn Investments and Almanac Realty Investors Form Multifamily Investment Firm
3/11/22
Davlyn Investments and Almanac Realty Investors have joined forces to form a multifamily acquisition, redevelopment, repositioning and management firm called DA InvestCo.
Almanac is the private real estate investment arm of...
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• Commercial Real Estate Financing Briefs
3/10/22
GORTIKOV CAPITAL - Bryan Gortikov with Gortikov Capital arranged a $50.25 mil recapitalization of Luxe Villas, a 59-unit, mid-rise Class A multifamily building located in Brentwood, on behalf of WS Communities LLC. The recap...
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• San Jose Industrial Complex Lands $35 Mil Refi
3/07/22
A seven-building, 337.6k sf industrial property in San Jose was refinanced with a new loan of $35 mil. Built in 1995, the property is located at 1100-1070 Commercial St.
The multi-tenant property resides on 18.6 acres and of...
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• High-End Beverly Hills Retail Parcel Lands $38 Mil in Financing
3/04/22
An unnamed family real estate investment entity has obtained $38 mil in financing for the fee simple interest in a parcel located at the prominent corner of Rodeo Drive and Brighton Way in the heart of the Beverly Hills luxur...
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• Commercial Real Estate Financing Briefs
2/25/22
JLL - Charles Halladay and Rick Salinas at JLL arranged a $60.3 mil mortgage loan to finance SB Real Estate Partners’ and Marble Partners’ acquisition of Bridge Creek Apartments in Vancouver, WA. The 270-unit multifamily prop...
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• Shir Capital Buys 496-Key Hotel Elegante in Colorado Springs
2/24/22
Austin, TX-based Shir Capital has acquired Hotel Elegante, a 496-key hotel property on 17 acres in Colorado Springs, CO. Built in 1974, the property is located at 2886 S. Circle Drive and features a conference center, restaur...
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• Commercial Financing Briefs
2/22/22
CBRE CAPITAL MARKETS - Nick Santangelo of CBRE Capital Markets’ Debt and Structured Finance arranged an $80.5 mil loan for the refinancing of 224 Logistics Park, an industrial facility in Milwaukie, OR. The loan was funded th...
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• Glendale Office Tower Lands $145 Mil Refi Loan
2/15/22
DivcoWest has obtained $145 mil in refinancing for Glendale Plaza, a 542k sf, recently renovated Class A office tower in Glendale. Located at 655 N. Central Ave, Glendale Plaza is a 24-story, LEED Platinum-certified office to...
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• Base Equities Teams Up with Alex Brown Realty in Joint Venture Partnership
2/07/22
Los Angeles-based Base Equities has entered into a strategic joint venture partnership with Alex. Brown Realty (ABR), an independent real estate investment manager specializing in value-add, opportunistic, and core-plus inves...
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• EPIC Multifamily Real Estate Fund I LP Buys 188-Unit Phoenix Apartment Complex
2/03/22
EPIC Multifamily Real Estate Fund I LP has acquired Urban188, a 188-unit, value-add, garden-style workforce housing community located in Phoenix. EPIC financed the deal with a new loan for $24.25 mil.
Consisting of 10 reside...
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• Six-Building, 611k sf Vegas Office Portfolio Recapitalized in $116 Mil Financing Deal
2/01/22
A six-building, 611.2k sf office portfolio in Las Vegas was recapitalized in a $116 mil, long-term financing transaction. The financing was arranged by Dekel Capital on behalf of Moonwater Capital and its equity partners.
T...
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• Chinese Hospital in San Francisco Lands $103 Mil in Commercial Property Assessed Clean Energy Funding
1/31/22
GreenRock Capital LLC (GreenRock) successfully led $103 mil in Commercial Property Assessed Clean Energy (C-PACE) funding for Chinese Hospital, located at 845 Jackson St in San Francisco. We’re told this is the largest singl...
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• Tru Development Locks Up New Financing of $246 Mil on Two Nevada Res Properties
1/28/22
Tru Development has obtained $246 mil in construction debt, Co-GP equity and LP equity across two apartment development projects totaling 716 units in Nevada. They were advised in the transaction by Lucent Capital.
KaktusLif...
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• RISE Properties Trust Obtains $55 Mil for Purchase and Renovation of Downtown Portland Apartment Property
1/24/22
RISE Properties Trust has secured a $55 mil senior loan for the acquisition and renovation of 10th & Hoyt, a 178-unit, apartment building with 13.1k sf of ground floor commercial space in Portland. The building is located at ...
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• Seven-Property California Portfolio Refinanced with $223 Mil in Permanent Loans
1/20/22
A seven-property California real estate portfolio owned by a private investor was just refinanced with seven new permanent loans totaling $223 mil arranged by George Mitsanas of Gantry. The portfolio is comprised of three mul...
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• Wharton Industrial and Madison Ventures Plus Obtain $224 Mil in Financing for 1.5 msf AZ Ind Project
1/18/22
Wharton Industrial and Madison Ventures Plus have secured $224.07 mil in acquisition and construction financing for The HUB @ 202, a master-planned 1.5 msf industrial park located in the Southeast Valley submarket of Mesa, AZ...
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