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• Wood Investments Companies Secures New Loan for $20 Mil on Montana Retail Center
11/11/24
Wood Investments Companies Inc has obtained a $20.3 mil permanent loan for Helena Skyway Regional Shopping Center, a 164.1k sf retail property in Helena, MT. The financing was provided by Wells Fargo.
Helena Skyway Regional ...
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• Step Up Housing Buys 240-Unit Affordable Housing Property in Richmond
11/08/24
Step Up Housing has acquired Vue at 3600, a 240-unit affordable housing property in the Bay Area city of Richmond. As part of the closing, a regulatory agreement was recorded against title requiring 180 units (75%) to be affo...
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• WPT Capital Advisors Entity Buys 500k sf Bay Area Industrial Asset
11/05/24
An affiliate of WPT Capital Advisors acquired a Class A, three-building, 517.9k sf industrial park in the Bay Area city of Richmond. The deal was financed with an $85 mil loan provided by PCCP LLC.
Built in 2015 and 2016, th...
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• Auto Dealership Group Acquires 3.28-Acre Site in Kirkland, WA for Showroom and Storage Use
11/04/24
Lee Johnson Nissan of Kirkland auto dealership has acquired a 3.28-acre property with a 14k sf showroom and auto service building in Kirkland, WA. The purchase was funded with a new $15.5 mil permanent loan.
The property, lo...
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• Sunroad Enterprises Acquires Newly Constructed 265-Unit Res Project in Henderson, NV
11/01/24
Sunroad Enterprises has obtained a $66 mil senior loan for the acquisition and lease-up of Element 12 at Cadence, a 265-unit apartment community in Henderson, NV. The four-story apartment community is located within the Caden...
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• San Jose Affordable Housing Complex Refinanced with New $30 Mil Loan
10/30/24
The John Stewart Company has secured a $30.17 mil refi loan on Monte Alban Apartments, a 192-unit, garden-style affordable housing complex in San Jose. Built in 1970 and renovated in 2006, the property is located at 1324 Sant...
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• New Texas Industrial Development Refinanced with $100 Mil Take-Out Loan
10/29/24
A joint venture between Grandview Partners and TRG Development has obtained $99.8 mil of financing for a newly constructed industrial park totaling approximately 1.64 msf in Wilmer, TX, a suburb of Dallas. Known as Core45, th...
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• Ares Management Real Estate Secures $475 Mil in Financing on 4.8 msf Industrial Portfolio
10/23/24
Ares Management Real Estate has obtained $475 mil in financing backed by a 4.8 msf, 25-building industrial portfolio on behalf of a fund it manages. The portfolio spans 16 markets in 12 states.
The floating-rate CMBS single...
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• Hawkins Way Capital Picks Up 79-Unit Student Housing Property Near UC Berkeley
10/23/24
Hawkins Way Capital LLC has purchased Varsity Berkeley, a mid-rise student housing complex located at 2024 Durant Ave in Berkeley. Constructed in 2015, Varsity Berkeley is a thriving student housing complex featuring 79 units...
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• Legacy Partners and Silverpeak Real Estate Partners Start Work on 240-Unit Res Project in Washington
10/15/24
Construction has started on Legacy at University Place, a 240-residence apartment community coming to University Place, WA. The project is a venture of Legacy Partners and Silverpeak Real Estate Partners, who recently closed...
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• Universe Holdings Refinances Three SoCal Res Properties
10/14/24
Universe Holdings (Universe) has refinanced three of its SoCal multifamily properties with fixed-rate financing which will add approximately $100k sf a month in additional property cash flow.
The three new separate, five-yea...
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• Commercial Real Estate Financing Briefs
10/14/24
GREYSTONE MONTICELLO -- Darryl Myrose with Greystone Monticello closed on two bridge loans totaling $40.3 mil for two apartment complexes in Las Vegas, NV. The purpose of the loans is to refinance the outstanding bridge loans...
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• AZ Seniors Housing Portfolio Lands $96 Mil Refi Loan
9/24/24
Douglaston Development and The Hampton Group Inc have obtained $96.5 mil in refinancing for a five-property seniors housing portfolio consisting of 971 units located in the Phoenix, Mesa, Sedona and Chandler metropolitan area...
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• Oregon Multifamily Property Refinanced with New Loan for $4.55 Mil
9/23/24
Eagle Crest Village Apartments, a 98-unit residential community in North Bend, OR, was refinanced with a new loan for $4.55 mil. The funds will be used to retire the existing debt and complete renovations on the garden apartm...
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• Financing of Over $34 Mil Arranged on Four Seattle Assets in Separate Deals
9/23/24
Gantry has secured a total of $34.3 mil of loans to refinance four Seattle MSA assets owned by different and unaffiliated entities. Each transaction was funded through a life company lender and each structure provided the bor...
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• Washington Res Development Secures $25 Mil in Construction Money
9/13/24
Saltese Creek, a new 192-unit multifamily project in Spokane Valley, WA, has landed $25.3 mil in construction financing. The project, located just south of the intersection of S Tschirley Rd and E 6th Ave, is being developed ...
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• Spokane, WA Res Development Lands $33 Mil in Construction Money
9/12/24
Construction financing of $33 mil has been secured for development of Kōz on West 4th Ave, a 210-unit, six-story multifamily apartment project that just got underway in downtown Spokane, WA. The project, being developed ...
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• WNC & Associates Closes $120 Mil Multifamily Equity Fund
9/12/24
WNC & Associates (WNC) has closed WNC Institutional Tax Credit Fund X California Series 21 L.P. (Fund CA21), which includes six multifamily properties across California. Fund CA21, a $120 mil equity fund, closed in August 202...
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• La Terra Development Lands $18 Mil in Construction Money for New Self-Storage Project in the San Fernando Valley
9/10/24
LaTerra Development has obtained $18.2 mil in construction financing for the development of Raymer Self Storage, a fully entitled, 65.2k sf, self-storage facility in the central San Fernando Valley community of Van Nuys. JLL ...
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• RCB Equities and Real Estate Development Associates Acquire 56-Acre Retail Redevelopment Opportunity in the San Gabriel Valley
8/30/24
Puente Hills Mall, a 56.41-acre retail mall in the City of Industry, was acquired by a joint venture between RCB Equities and Real Estate Development Associates LLC (“REDA”). The Mall, once a bustling retail hub in the heart ...
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