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• Norpoint Communities Refinances Four Age-Restricted Res Properties in the Puget Sound Region
8/24/22
Norpoint Communities has landed $71.45 mil in separate permanent financings to refinance four 55-Plus age-restricted, active adult multifamily properties in the Puget Sound region. The financing was arranged by Gantry.
The p...
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• Interstate Equities Corporation Buys 164-Unit Multifamily Property in Oxnard
8/22/22
Interstate Equities Corporation has purchased The Vines at Riverpark, a 164-unit, two-story, attached townhome community in Oxnard. Located at 3040 North Oxnard Blvd, the property is part of Riverpark, a new, 700-acre, master...
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• Rockworth Companies and the Gasser Family to Start Construction on 336-Unit Multifamily Project in Meridien, ID
8/19/22
Construction of Village Apartments, a Class A, 336-unit apartment development in Meridien, ID, is expected to begin in the coming months with completion anticipated for fall 2024. The project, a development of a joint venture...
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• Portland Res Community Lands $75 Mil Refi
8/17/22
Heirloom, a 286-unit, Class A garden-style multifamily community located at 7900 SE Luther Rd in Portland, has been refinanced with a new senior loan provided by PCCP LLC for $75.5 mil. Developed by NBP Capital, the newly del...
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• JB Matteson Locks Up $33 Mil Refi on Sacramento Multifamily Property
8/02/22
JB Matteson has secured a $33 mil refi loan on Granite Point Apartments, a 384-unit, Class A multifamily property the company owns in Sacramento. Built in 2003, the property is located at 4500 Truxel Rd.
Granite Point Apartm...
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• San Diego Life Sciences Campus Lands $165 Mil Refi Loan
8/01/22
Genesis Science Center, a four-building, life sciences R&D campus totaling 252k sf owned by Phase 3 Real Estate Partners Inc and Bain Capital Real Estate in San Diego, was refinanced with a new loan for $165 mil. The three-ye...
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• MIG Real Estate Picks Up 104 Res Units in Washington
8/01/22
MIG Real Estate has purchased Cedar Rim, a 104-unit apartment community in Newcastle, WA. Although we don’t have the sales price, we can tell you that the deal was financed with a loan for $23.6 mil.
Located at 7920 110th Av...
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• EKN Development to Start Work on Dual-Branded Fairfield Inn and TownePlace Suites in Tempe, AZ
7/28/22
EKN Development Group has secured $24.5 mil in construction financing for the development of the dual-branded Fairfield Inn and TownePlace Suites, a 148-key, select-service hotel in Tempe, AZ.
The four-story property will fe...
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• Seattle Mixed-Use Development Secures Joint Venture Equity and $196 Mil in Construction Money
7/26/22
A development partnership made up of Touchstone, a Seattle developer, and Portman Holdings of Atlanta, has obtained joint venture equity and $196.2 mil in construction financing for Chapter Buildings I and II in Seattle. The ...
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• Gemdale USA Lands $94 Mil in Financing for a 189-Unit Res Project in Pleasant Hill
7/22/22
Gemdale USA has obtained $94.3 mil in construction financing for development of a 189-unit, four-story, Class A multi-housing development located in downtown Pleasant Hill.
Situated at 85 Cleaveland Rd, the property is loca...
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• Creative Property in Downtown Los Angeles Lands $150 Mil Refi Loan
7/21/22
Greenbridge Finance and Deutsche Bank have co-originated $150 mil to refinance The Reef, an 800k sf creative campus environment in downtown Los Angeles.
Located at 1933 South Broadway near the 10 and 110 freeways and within...
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• BRIDGE Housing Secures $250 Mil in Financing from Morgan Stanley
7/20/22
BRIDGE Housing secured a $250 mil set-aside for project-level financing from Morgan Stanley and National Equity Fund (NEF) under a program that promotes affordable and workforce housing. This allocation serves as evidence of ...
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• Colorado Office Properties Land $196 Mil Financing
7/20/22
Schnitzer West has obtained financing of $196 mil on the Fiddler’s Green Portfolio, consisting of Palazzo Verdi, Fiddler’s Green I and Fiddler’s Green II. The Class A office portfolio totals 748.4k sf and is located within Fi...
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• Novo Capital Partners Team Joins CBRE
7/19/22
Gianni Novo and the Novo Capital Partners team have joined CBRE Capital Markets’ Debt & Structured Finance team in Los Angeles. The team is based in CBRE’s West L.A. office.
The team specializes in commercial real estate lo...
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• Commercial Financing Briefs
7/14/22
GANTRY - Mark Ritchie, Mike Wood and Alex Saunders with Gantry secured a $35.45 mil, fixed-rate, permanent loan to refinance a single tenant, five-story, 200k sf office building located at 1601 Lind Ave SW in the Seattle subu...
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• Washington Multifamily Community Lands $67 Mil Recapitalization
7/13/22
Bella Terra Apartments, a 235-unit multifamily complex in Mukilteo, WA, was recapitalized with new financing of $67 mil. The property is by a joint venture between Holland Partners Group and Principal Real Estate Investors, w...
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• San Jose Multifamily Development Lands $345 Refi Loan
7/13/22
Bayview Development Group has obtained a $345 mil refi on Miro, a Class A, two-tower, 630-unit, high-rise multi-housing community located in downtown San Jose.
The bold and modern designed, two-tower 28-story Miro features s...
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• Manulife Investment Management Secures $40 Mil Recapitalization on Two CRE Assets in Downtown Portland
6/30/22
Manulife Investment Management has obtained $40 mil in financing for the recapitalization of LL Hawkins Apartments and Slabtown Marketplace in the Slabtown neighborhood near downtown Portland.
Located at 1515 NW 21st Ave, LL...
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• Brasa Capital Management Closes Second Investment Fund Oversubscribed at $450 Mil
6/29/22
Brasa Capital Management LLC (“Brasa”), has closed Brasa Real Estate Fund II LP (“Fund II”), reaching its hard cap of $450 mil.
With a Fund II target of $300 mil, Brasa has now exceeded its fundraising goal on its first tw...
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• Pahlisch Commercial Obtains $50 Mil for OR Res Development
6/24/22
Pahlisch Commercial has received a $50.8 mil senior loan for the ground-up construction of Henley Place, a 178-unit, six-story multifamily community located on SE Main Street in Milwaukie, OR, a suburb of Portland. The money ...
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