| MIG Real Estate Picks Up 104 Res Units in Washington
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...
| EKN Development to Start Work on Dual-Branded Fairfield Inn and TownePlace Suites in Tempe, AZ
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...
| Seattle Mixed-Use Development Secures Joint Venture Equity and $196 Mil in Construction Money
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 ...
| Gemdale USA Lands $94 Mil in Financing for a 189-Unit Res Project in Pleasant Hill
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...
| Creative Property in Downtown Los Angeles Lands $150 Mil Refi Loan
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...
| BRIDGE Housing Secures $250 Mil in Financing from Morgan Stanley
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 ...
| Colorado Office Properties Land $196 Mil Financing
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...
| Novo Capital Partners Team Joins CBRE
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...
| Commercial Financing Briefs
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...
| Washington Multifamily Community Lands $67 Mil Recapitalization
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...
| San Jose Multifamily Development Lands $345 Refi Loan
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...
| Manulife Investment Management Secures $40 Mil Recapitalization on Two CRE Assets in Downtown Portland
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...
| Brasa Capital Management Closes Second Investment Fund Oversubscribed at $450 Mil
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...
| Pahlisch Commercial Obtains $50 Mil for OR Res Development
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 ...
| Purchase of Adjacent OR Multifamily Complexes Financed with $50 Mil in Loans
An unnamed private investor acquired two adjacent, recently completed multifamily complexes totaling 215 units in Oregon. The transaction was financed with $50.5 mil of permanent financing arranged by Gantry.
| Cliff Carnes Joins Matthews Real Estate Investment Services as Executive Vice President
Cliff Carnes has joined Matthews Real Estate Investment Services as Executive Vice President, Managing Director of the firm’s Capital Markets Division. Previously positioned as Senior Vice President and Chief Production Offic...
| Walker & Dunlop Investment Partners and Pacific Life Form Investment Partnership
Walker & Dunlop Investment Partners Inc (WDIP) and Pacific Life have partnered to form a $500 mil programmatic joint venture. The joint venture will make equity investments in multifamily and industrial properties across the ...
| Security Properties Lands $180 Mil in Equity and Construction Money for Seattle Mixed-Use Tower
Security Properties Inc has obtained a $65.16 mil joint venture equity investment and $115.25 mil of construction financing for The Confidential, a trophy mixed-use development located in Seattle’s Belltown submarket. The joi...
| Preservation Equity Fund Advisors LLC Closes Its WNC Preservation Equity Fund 2, L.P.
Preservation Equity Fund Advisors LLC (PEF Advisors), a real estate private equity group focused on preserving existing affordable housing in high-cost markets, has closed its WNC Preservation Equity Fund 2, L.P. It achieved ...
| Oahu Mixed-Use Portfolio Recapitalized in $65 Mil Financing Deal
A mixed-asset portfolio located on the island of Oahu has been recapitalized with $65 mil of permanent money. The two financed properties are Hanua Logistics Center, a recently completed 226.9k sf, Class A warehouse facility,...