| Newly-Built WA Multifamily Community Lands $61.3 Mil in Financing
Affiliates of American Capital Group and Canyon Partners Real Estate have secured a $61.3 mil refi loan on Kinect @ Lynnwood, a newly-built, 239-unit multifamily property in Lynnwood, WA.
Kinect @ Lynnwood blends luxury upsc...
| Infill Development in San Diego’s Hillcrest Neighborhood Lands $27 Mil in Construction Money
DiversyFund Inc has locked in $26.9 mil in construction financing for Onyx on Park, a 61-unit, urban infill multi-housing community located in the Hillcrest neighborhood of San Diego.
With an anticipated completion of Q4 20...
| Leap of Faith Partners Secures Funding for 125-Unit Mixed-Use Project in Ventura
Leap of Faith Partners (LOF) has obtained a total of $66.9 mil of funding for a 125-unit, 10k sf mixed-use development in the city of Ventura. The financing consists of $14.5 mil in common equity and $52.4 mil in construction...
| Contour Venture Secures $99 Mil to Start Work on 829k sf AZ industrial Development
A Contour-led venture has obtained $99 mil in construction money for Phase I development of Sossaman Park 202, a five-building industrial development totaling 828.7k sf in Mesa, AZ.
Once completed, the project will include...
| Annual CREF Conference in Las Vegas is a Major Draw for CRE Pros
By Steve Bloom
Against the murky backdrop of rising interest rates and perhaps a recession, about 850 commercial mortgage bankers and brokers descended upon Aria Resort & Casino in Las Vegas Sept 7 through 9th for the 25th...
| AZ Developer Secures $57 Mil in Construction Money for 187-Unit Tempe Res Project
A Scottsdale, AZ-based commercial developer has obtained $57.9 mil in construction financing for a 187-unit multifamily development in north Tempe. The mid-rise, Class A project is located immediately adjacent to a Valley Met...
| Hudson Pacific Properties Announces Pricing of Public Offering of $350 Mil Aggregate Principal Amount
Hudson Pacific Properties Inc’s operating partnership, Hudson Pacific Properties L.P. (the “Operating Partnership”), has priced an underwritten public offering of $350 mil aggregate principal amount of 5.950% senior notes due...
| Cushman & Wakefield and Greystone Strengthen Joint Multifamily Platform with Addition of Premier Financing Team in Denver
A veteran Equity, Debt and Structured Financing (EDSF) team led by Craig Branton, M.S., has joined a joint, multifamily platform from Cushman & Wakefield and Greystone Servicing Company LLC in Denver, CO. Branton, Vice Chairm...
| Roers Companies to Develop 264-Unit Res Project in Salt Lake City
Roers Companies has obtained a $61.8 mil loan to finance the ground-up development of 375 West Whitney Avenue, a six-story, Class A, multifamily project comprising 264 units and located in Salt Lake City, UT. The loan was ori...
| Davis Property Investment Underway with 160k sf Spec Industrial Project in the Puget Sound Region
Davis Property Investment LLC has obtained an $18 mil construction-to-permanent loan for the development of a spec, 160k sf industrial property in the city of Pacific, WA. The 12-acre project is logistically positioned to ser...
| Trion Properties and Tokyu Land US Corporation Wrap Up $99 Mil Recapitalization of Portland Multifamily Portfolio
Trion Properties has recapitalized a multifamily portfolio in the Portland greater metropolitan area in partnership with Tokyu Land US Corporation (“TLUS”). Assembled between 2018 and 2019, the portfolio consists of two multi...
| Dollinger Properties Lands $97 Mil in Take-Out Financing on New Silicon Valley Office Building
Dollinger Properties has locked $97 mil of new permanent financing to retire construction debt for a 152k sf, four-story, LEED Gold certified office building in Sunnyvale’s Peery Park office district. The non-recourse, balanc...
| E&S Ring Lands $46 Mil of Refi Loans on Trio of Bay Area Res Properties
E&S Ring has secured $46 mil in refi loans on a three-property multifamily portfolio in Pleasanton, CA. The garden-style portfolio consists of a combined 274 units and features community amenities including swimming pools and...
| Washington Multifamily Project Lands $60 Mil Refi
The Park in Bellevue, a 184-unit multifamily project in Bellevue, WA, was refinanced by affiliates of Low Tide Properties and Continental Properties LLC with a new loan for $60 mil. Dave Karson, Alex Hernandez, Chris Moyer, A...
| Norpoint Communities Refinances Four Age-Restricted Res Properties in the Puget Sound Region
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.
| Interstate Equities Corporation Buys 164-Unit Multifamily Property in Oxnard
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...
| Rockworth Companies and the Gasser Family to Start Construction on 336-Unit Multifamily Project in Meridien, ID
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...
| Portland Res Community Lands $75 Mil Refi
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...
| JB Matteson Locks Up $33 Mil Refi on Sacramento Multifamily Property
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...
| San Diego Life Sciences Campus Lands $165 Mil Refi Loan
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...