| 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...
| The Vernon Group to Start Work on 167-Unit Res Project in Santa Maria
The Vernon Group has secured $34.8 mil in financing for the construction of the 167-unit Elements Apartments in Santa Maria, CA. The loan was provided by Thorofare Capital Inc.
Elements boasts a transit-oriented location, wi...
| Guardian Real Estate Services Secures $95 Mil in Construction Money for Portland Res Development
Upon completion, the seven-story Slabtown Square will consist of studio, one- and two-bedroom units with vinyl plank flooring, quartz countertops, stainless steel appliances, in-unit washers and dryers and an average unit siz...
| Moderne Capital Partners LLC and Triumph Properties Group Secure $69 Mil for Construction of Phoenix Multifamily Project
A joint venture between Moderne Capital Partners LLC and Triumph Properties Group is closer to moving ahead with construction of Aileron Apartments, a 287-unit Class A multifamily project in Phoenix’s Deer Valley sub-market, ...
| Bay West Development and Forum Real Estate Group Land $284 Mil to Begin Work on 590-Unit Silicon Valley Res Project
Bay West Development and Forum Real Estate Group are set to move forward with development of The Maxwell, a 590-unit multifamily project situated on a 4.5-acre parcel in San Jose, after securing $284 mil in construction money...
| California Landmark Group Locks in $84.75 Mil Refi on Two High-End L.A. Apartment Communities
California Landmark Group has recapitalized two luxury apartment properties in Los Angeles in an $84.75 mil refi deal originated by Mesa West Capital. The refi was secured by two residential communities, the “HW” by CLG, a 79...
| Ocean Lodging Buys 29-Key Blue Lantern Inn in Dana Point
Ocean Lodging purchased the Blue Lantern Inn, a 29-key, luxury boutique hotel in Dana Point. The deal was financed with an acquisition loan for $9.5 mil.
Overlooking the Dana Point Yacht Harbor, Blue Lantern Inn offers tradi...
| Six Peak Capital Lands $53.7 Mil in Financing on L.A. Multifamily Portfolio
George Smith Partners has arranged $53.7 mil in non-recourse bridge financing for a six-property portfolio comprising three conventional multifamily properties and three co-living properties in Los Angeles. The financing was ...
| Legacy Partners Secures Joint Venture Equity for 288-Unit Washington Multifamily Development
Legacy Partners Inc has obtained joint venture equity for the development of Bellevue Station, a 288-unit, mid-rise transit-oriented apartment project in Bellevue, WA. The equity was provided by New York Life Real Estate Inve...
| Davlyn Investments and Almanac Realty Investors Form Multifamily Investment Firm
Davlyn Investments and Almanac Realty Investors have joined forces to form a multifamily acquisition, redevelopment, repositioning and management firm called DA InvestCo.
Almanac is the private real estate investment arm of...
| Commercial Real Estate Financing Briefs
GORTIKOV CAPITAL - Bryan Gortikov with Gortikov Capital arranged a $50.25 mil recapitalization of Luxe Villas, a 59-unit, mid-rise Class A multifamily building located in Brentwood, on behalf of WS Communities LLC. The recap...
| San Jose Industrial Complex Lands $35 Mil Refi
A seven-building, 337.6k sf industrial property in San Jose was refinanced with a new loan of $35 mil. Built in 1995, the property is located at 1100-1070 Commercial St.
The multi-tenant property resides on 18.6 acres and of...
| High-End Beverly Hills Retail Parcel Lands $38 Mil in Financing
An unnamed family real estate investment entity has obtained $38 mil in financing for the fee simple interest in a parcel located at the prominent corner of Rodeo Drive and Brighton Way in the heart of the Beverly Hills luxur...
| Commercial Real Estate Financing Briefs
JLL - Charles Halladay and Rick Salinas at JLL arranged a $60.3 mil mortgage loan to finance SB Real Estate Partners’ and Marble Partners’ acquisition of Bridge Creek Apartments in Vancouver, WA. The 270-unit multifamily prop...
| Shir Capital Buys 496-Key Hotel Elegante in Colorado Springs
Austin, TX-based Shir Capital has acquired Hotel Elegante, a 496-key hotel property on 17 acres in Colorado Springs, CO. Built in 1974, the property is located at 2886 S. Circle Drive and features a conference center, restaur...