| Universe Holdings Lands Refi of $30 Mil on San Fernando Valley Multifamily Community
Universe Holdings has secured a refi loan of $30.3 mil on Nantucket Creek, a 172-unit, garden-style, age-restricted (55+) apartment community in the San Fernando Valley community of Chatsworth.
Nantucket Creek comprises one-...
| Portland Res Community Refinanced with $71 Mil Loan
A Security Properties affiliate has obtained a $71 mil refi loan on Peloton Apartments, a three-building, 265-unit Class A multifamily community in Portland. The building name - Peloton - means a group of bike riders, paying ...
| Longpoint Realty Partners Picks Up San Fernando Valley Industrial Property
Boston-based Longpoint Realty Partners purchased Van Nuys Industrial Park, a fully leased, value-add business park comprising four buildings totaling 84.3k sf and two land parcels in the central San Fernando Valley community ...
| LDK Ventures to Build 345k sf Industrial Park in Idaho
LDK Ventures plans to build a three-building, 345k sf industrial park in Nampa, ID, approximately 20 miles west of Boise. The project, located at the corner of Madison Rd and E Cash Lane, is being funded with a $37.4 mil seni...
| Darnell Capital Management Secures $12.6 Mil for San Diego Multifamily Development
Darnell Capital Management is moving forward with a multi-housing development located in San Diego’s Golden Hill neighborhood. The developer obtained $12.6 mil construction financing for the project.
The project will offer a...
| Presidio Bay Ventures Leads Development Partnership for New 150k sf Life Science Building in San Carlos
A Presidio Bay Ventures-led partnership has obtained $188 mil to finance the development of 777 Industrial, a planned 150k sf, Class A, R&D and life science lab building to be built in San Carlos. The construction funding was...
| Bay Area Light Industrial Campus Lands New Financing of $27.5 Mil
Fremont Tech Park II, a 140k sf, three-building, light industrial/R&D flex-tech campus in the Bay Area city of Fremont, has been refinanced with a new permanent loan for $27.5 mil. Originally developed in 1998, the modernized...
| Pearlstone Partners to Develop 296-Unit Multifamily Project in Austin’s East Riverside Neighborhood
Pearlstone Partners has acquired a residential site in the East Riverside neighborhood of Austin, TX for the development of a 296-unit condominium project. The land purchase is being funded with a $7.14 mil loan provided by K...
| Sacramento-Area Multifamily Property Refinanced with New Loan for $34 Mil
American Capital Group has locked up a $34 mil refi loan on Laguna Creek Apartments, a 160-unit, garden multifamily community in Elk Grove. The loan was provided by Hartford Investment Management Company.
Located at 8760 Cen...
| Laguna Point Properties Purchases 1,037-Unit DTLA Res Portfolio
Laguna Point Properties has acquired a five-property, 1,037-unit multi-housing portfolio located in downtown Los Angeles. The deal was financed with $328.8 mil in acquisition money arranged by JLL Capital Markets.
| Two Bay Area Seniors Housing Communities to Move Forward with $21.5 Mil in Financing
Calson Management has secured a $21.5 mil loan for two memory care seniors housing communities totaling 48 units in California’s Bay Area. The portfolio consists of Crescent Oaks in Sunnyvale and Silver Oaks in Menlo Park.
| Texas Multifamily Buy Financed with $19 Mil Acquisition Loan
Ashton Apartment Homes, a 152-unit, garden-style multifamily property in the Dallas-Forth Worth Metroplex community of Saginaw, was acquired by a private investor in a 1031 exchange. The purchase was funded with a bridge loan...
| Pismo Beach Hotel Property Lands $30 Mil Refi
Inn at the Pier, a 104-room, full-service, luxury boutique hotel located one-half block from the Pacific Ocean in Pismo Beach, was refinanced by its private investor owner with a new long-term loan for $30 mil. The non-recour...
| Legacy Partners and Pacific Life Lock In $106 Mil for Denver Res Tower Project
A Legacy Partners and Pacific Life joint venture has obtained $106 mil in JV equity and construction money for Araceli DTC, a 236-unit res tower development in Denver. The Class A, NGBS Green Certified Gold high-rise is sched...
| Veleta Capital LLC and Oaktree Capital Management Team Up for New Lending Platform
Veleta Capital LLC and funds managed by Oaktree Capital Management L.P. have launched a strategic joint venture, Veleta Capital Partners (“VCP”), creating an institutional lending platform for multifamily and commercial real ...
| CEDARst Companies To Develop 190-Unit Res Project in San Diego
CEDARst Companies has landed $43.5 mil in construction financing for the development of 4135 Park Blvd, a 190-unit, mid-rise, mixed-use multi-housing project located on the border of the North Park and Hillcrest submarkets in...
| DivcoWest Acquires 143k sf Office Building in South San Francisco for $164 Mil
In January, DivcoWest acquired 5000 Shoreline, a three-story, 143.4k sf Class A office building located on approximately 8.5 waterfront acres in South San Francisco, for $164.5 mil. 5000 Shoreline was delivered vacant, making...
| Serrano Development Group to Build 127-Unit Multifamily Project in Azusa
Serrano Development Group has secured $47 mil in non-recourse construction financing for the development of Lumia Apartments, a 127-unit, market-rate multifamily project in Azusa.
Situated on a 1.2-acre site adjacent to th...
| Bullock Capital Picks Up Office Properties in Oakland and San Francisco
Bullock Capital recently acquired two office properties in the Bay Area, one in San Francisco and the other in Oakland.
Floating-rate loans for the properties totaling $18.9 mil were arranged by JLL and funded through North...
| Staley Point Capital and Bain Capital Real Estate Pick Up 315k sf of Industrial Properties in Santa Fe Springs and Anaheim
Staley Point Capital and Bain Capital Real Estate have partnered in the acquisition of two SoCal industrial properties totaling about 315k sf of space. The purchases, in Santa Fe Springs and Buena Park, were financed with $70...