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• Rexford Industrial Realty Increases Borrowing Capacity of Revolving Credit Facility by $200 Mil
7/02/21
Rexford Industrial Realty has exercised the accordion option of the company's existing unsecured revolving credit facility and increased the borrowing capacity by $200 mil, from $500 mil to $700 mil. All other material terms...
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• Commercial Real Estate Financing Briefs
6/30/21
CBRE - Mark McGovern and Brian Cruz of CBRE’s debt and structured finance team have arranged a $28 mil loan for the refinancing of 500 Ygnacio, an office property in Walnut Creek. Located at 500 Ygnacio Valley Rd, the 105.5k ...
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• Trion Properties Launches Its Third Multifamily Investment Fund
6/25/21
Trion Properties has announced the launch of Trion Multifamily Opportunity Fund III LLC, its third investment fund vehicle. The fund, which will target $75 mil in equity to deliver $175-200 mil in buying power, will primarily...
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• American Life Lands New Financing of $122 Mil on Seattle Office and Hotel Asset
6/25/21
American Life Inc has secured $122.7 mil in refi money on 255 South King Street, a 717.7k sf office and hospitality asset in Seattle. The loan was arranged by Cushman & Wakefield and provided by PCCP.
255 South King Street i...
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• Equity Stake in Seattle Area Flex/Industrial Portfolio Refinanced in $86 Mil Transaction
6/24/21
A recently acquired Seattle-area portfolio encompassing 13 flex/office and industrial R&D buildings in two office parks has landed $86 mil of new financing to recapitalize the equity in the equity position in the assets.
Th...
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• TX Office Complex Lands $95 Mil Refi
6/23/21
San Diego-based Parallel Capital Partners Inc has received a $95 mil loan from Bank of America for the refinancing of Urban Towers, a Class AA, high-rise office complex spanning more than 850k sf in Irving, TX. Comprised of t...
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• Built Development Finances Newly Constructed San Diego Res Project with $24.5 Mil Loan
6/22/21
Built Development has secured a $24.5 mil in financing for Cielo, a Class A, mid-rise multi-housing property located in downtown San Diego’s Little Italy neighborhood. Built acquired the land in 2014 and, upon receiving entit...
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• San Diego Office Portfolio Financed with New $91 Mil Loan
6/17/21
Brookwood Financial Partners LLC has obtained new financing of $91 mil on The Brookwood North San Diego Portfolio, a collection of seven best-in-class office properties within three campus settings across North San Diego Coun...
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• Base Equities Launches Debut Fund with Goal of $50 Mil in Commitments
6/17/21
Base Equities, a Los Angeles-based private equity firm that specializes in providing preferred equity to established sponsors in commercial real estate assets across the United States, has launched its new fund, Base Preferre...
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• GI Partners Buys 370k sf Bay Area Life Sciences Campus in $155 Mil Deal
6/16/21
GI Partners acquired Mt. Eden Research Park, a six-building, R&D / life sciences campus totaling 370k sf in Hayward. The asset was sold for $155 mil ($419/sf) by BentallGreenOak, who obtained $114 mil in financing for the dea...
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• Commercial Financing Briefs
6/10/21
SONNENBLICK-EICHNER COMPANY - Sonnenblick-Eichner Company arranged a $30 mil refi of a 78.5k sf, Class A office building located in Manhattan Beach that serves as the new global corporate headquarters of Fisker Inc. The three...
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• 96k sf AZ Lifestyle Center Gets Underway
6/09/21
Scottsdale, AZ-based Verde Gilbert LLC has secured $28 mil in construction money for the development of Verde at Cooley Station, a 10-building, 96k sf lifestyle center in Gilbert, AZ. The project, located at 17201-17361 E. Wi...
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• Recently Constructed Portland Res Community Refinanced with $49 Mil Loan
6/07/21
Holland Partner Group refinanced Kado NW, a recently constructed, 196-unit multifamily community in Portland, with a new loan of $49.4 mil.
Located at 1378 NW 18th Ave in Portland’s central business district, the project was...
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• Creative Office Project in L.A.’s West Adams Area Lands $55 Mil in Financing
5/31/21
The Luzzatto Company has obtained senior and mezzanine construction financing totaling $54.73 mil for the development of The Depot, a 107.2k sf, 1.5 acre creative office campus in the West Adams micro market of Los Angeles. T...
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• Phoenix Office Property Refinanced with $61.7 Mil Loan
5/27/21
Regent Properties has obtained a $61.7 mil refi on Elevate 24, a 323.3k sf, Class A office property in Phoenix. Elevate 24, located at 4722-4742 N. 24th St, is one of several of Regent Properties’ holdings in the Phoenix mark...
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• Kirkland Development Starts Work on 140-Unit Res Project in Camas, WA
5/24/21
Kirkland Development has broken ground on The Ledges at Columbia Palisades, a residential development in Camas, WA consisting of 90 rental apartment units and 51 condos. The project is being financed with a $42 mil constructi...
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• Moonwater Capital and Apex Financial Advisors Become the New Ownership Partnership for 177k sf Las Vegas Office Asset
5/24/21
Moonwater Capital and Apex Financial Advisors have acquired Montecito Tower, a 177.3k sf, Class A office building in Las Vegas. The ownership secured $33.3 mil in permanent debt as part of the acquisition and recapitalization...
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• Dornin Investment Group-Led Partnership Acquires $195 Mil Non-Performing Loan
5/20/21
Laguna Beach investment firm Dornin Investment Group (“DIG”), in partnership with an investment fund, acquired a $195.5 mil, non-performing loan secured by a portfolio of 18 separate properties located throughout Southern Cal...
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• OC Healthcare Portfolio Lands $58 Mil Refi
5/14/21
Pacific Coast Holdings Investment, a local real estate investment group, has locked in a $58.2 mil refi on a five-property healthcare portfolio in Orange County. The portfolio consists of three acute-care hospitals leased to ...
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• Security Properties Refinances Upscale Portland Res Development
5/11/21
Security Properties has refinanced a Class A multifamily property in Portland with a new loan for $55 mil provided by Invesco. The property, Heartline Apartments, contains 218 units and is located at 1250 NW Kearney St.
Loca...
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