|
Commercial Financing Briefs 3/03/21 SQUARE MILE CAPITAL - JPI Companies has secured a $69.75 mil loan on its JPI Pacific Beach property, a 172-unit multifamily asset in San Diego’s Pacific Beach submarket. The loan was provided by Square Mile Capital and will r...
|
JLL Capital Markets Arranges $173 Mil in Fannie Mae Loans on 14 Res Properties Across the U.S. 2/18/21 JLL Capital Markets has arranged $172.9 mil in financing for 14 multi-housing properties, totaling 1,334 units, located throughout the U.S., on behalf of multiple southern California-based borrowers. The financings consist o...
|
JPI Locks in $70 Mil Refi on Res Community in San Diego’s Pacific Beach 2/16/21 Here’s news of a notable multifamily financing deal out of San Diego’s Pacific Beach neighborhood. JPI, a Texas-based multifamily investment and development firm, has obtained a $69.75 mil refi loan on Jefferson Pacific Beach...
|
ViaWest Group Acquires Two Tempe Office Assets for Redevelopment into Industrial Buildings 2/12/21 ViaWest Group has obtained a $40.2 mil loan for the acquisition and redevelopment of two office assets into three industrial buildings totaling approximately 450k sf in a high barriers-to-entry submarket in Tempe, AZ. The fin...
|
Portland’s Historic Bank Block Lands $51 Mil Refi Loan 2/11/21 In a notable refi transaction in Portland, Historic Bank Block, a three-building creative office property in the city’s downtown, was refinanced with a new loan for $51 mil. The 212.7k sf property is owned by certain funds ma...
|
Hurley Development Secures $27.5 Mil Loan for Construction of WA Res Project 2/10/21 Hurley Development has locked up $27.5 mil in construction financing for the development of Kestrel Park Apartments, a 178-unit apartment community located at 15306 NE Fourth Plain Rd in Vancouver, WA. The loan was provided ...
|
Presidio Bay Ventures Secures $80 Mil in Construction Money for San Francisco Res Development 2/08/21 Presidio Bay Ventures has obtained $80 mil in construction money for the development of the Ventana Residences, a 193-unit, family-centric residential project in San Francisco. The loan was arranged by Gantry.
The 193-unit, ...
|
Tradewind Properties and American Nevada Company to Build 300-Unit Res Project in Henderson 2/04/21 A joint venture between Tradewind Properties and American Nevada Company has announced plans to develop Olympic and Mountain Vista Apartments, a 300-unit, garden-style multifamily community in Henderson. The project has offic...
|
Commercial Financing Briefs 2/03/21 BERKADIA -- Allan Freedman and Nick Provost with Berkadia secured a $65.6 mil refi loan on Laguna Serrano Apartments, a garden-style multifamily property located in Laguna Niguel, on behalf of an undisclosed California-based ...
|
McWhinney Closes Out 2020 with $38.5 Mil Buy of 180-Key Hotel Indigo Denver Downtown 1/29/21 McWhinney, a Colorado-based real estate investment and development firm, closed out 2020 with the $38.5 mil purchase of Hotel Indigo Denver Downtown, a full-service, 180-key hotel located at 1801 Wewatta St in downtown Denver...
|
Highland Realty Capital Completes $460 Mil in Financings for 2020 1/19/21 Highland Realty Capital (HRC) closed out 2020 with $243 mil of financings in the 4th quarter. The company completed $460 mil in debt and equity transactions for the year, despite the challenges imposed by the coronavirus.
...
|
Minkoff Group Secures $114 Mil for Development of 180k sf Silicon Valley Office Project 1/15/21 Minkoff Group, a Silicon Valley-based developer led by Daniel Minkoff and Will Birdsey, has obtained a $114 mil construction loan for the development of 100 Altair, a 180k sf office building to be built in Sunnyvale. Square M...
|
Commercial Financing Briefs 1/13/21 HIGHLAND REALTY CAPITAL – Brad Sevier of Highland Realty Capital secured a $63 mil fixed-rate loan for the acquisition of a 400k sf, Class A warehouse distribution building in Los Angeles County. The non-recourse loan was pr...
|
San Fernando Valley Res Development Lands $82 Mil in Financing 12/29/20 A joint venture between Gelt and Uhon Inc has obtained new financing of $82.2 mil on The Watermark, a soon-to-be-delivered, 250-unit multifamily building located in the San Fernando Valley community of Reseda. The loan was or...
|
Moulton Company Locks in $69 Mil Recapitalization on Four-Property Industrial Portfolio 12/24/20 Moulton Company has secured a $69 mil recapitalization on a four-property industrial portfolio totaling 991.6k sf in the southwestern United States. The money was arranged by CBRE Capital Markets’ Debt & Structured Finance.
...
|
Embarcadero Capital Partners Lands $22.4 Mil in Financing for West L.A. Office Project 12/21/20 Embarcadero Capital Partners (ECP) has obtained $22.4 mil financing for Campus 56, a 51.4k sf office redevelopment project in Los Angeles. The loan was arranged by CBRE Capital Markets’ Debt & Structured Finance team.
The ca...
|
Village Development Begins Work on 71-Unit Mixed-Use Project in the Portland Area 12/17/20 Village Development LLC has started work on a new a mixed-use complex in Fairview, OR, a suburb of Portland. Village Development obtained a $12.5 mil construction loan from Parkview Financial to fund the project.
The two-bui...
|
CapRock Partners and Ares Management Corporation Obtain $135 Mil in Financing for North Las Vegas Industrial Project 12/15/20 A joint venture of CapRock Partners and funds managed by Ares Management Corporation has secured $134.6 mil in first mortgage debt for the construction and lease up of CapRock Tropical Logistics Park, a two-building, 1.13 msf...
|
Parkview Financial Provides $80 Mil Loan for Construction of Newport Beach Luxury Condo Project 12/14/20 One Newport Development LLC is slated to start vertical construction in early 2021 on Uptown Newport, a residential project consisting of 66 for-sale luxury condominiums in Newport Beach, thanks to an $80 mil construction loa...
|
George Smith Partners Arranges $44 Mil on 650k sf Industrial Complex 12/03/20 George Smith Partners recently arranged $44 mil in non-recourse, non-participating bridge financing at 95% of cost for the lease-up and repositioning of a five-property, 650k sf industrial complex located on the West Coast.
...
|