|
Commercial Financing Briefs 2/22/22 CBRE CAPITAL MARKETS - Nick Santangelo of CBRE Capital Markets’ Debt and Structured Finance arranged an $80.5 mil loan for the refinancing of 224 Logistics Park, an industrial facility in Milwaukie, OR. The loan was funded th...
|
Glendale Office Tower Lands $145 Mil Refi Loan 2/15/22 DivcoWest has obtained $145 mil in refinancing for Glendale Plaza, a 542k sf, recently renovated Class A office tower in Glendale. Located at 655 N. Central Ave, Glendale Plaza is a 24-story, LEED Platinum-certified office to...
|
Base Equities Teams Up with Alex Brown Realty in Joint Venture Partnership 2/07/22 Los Angeles-based Base Equities has entered into a strategic joint venture partnership with Alex. Brown Realty (ABR), an independent real estate investment manager specializing in value-add, opportunistic, and core-plus inves...
|
EPIC Multifamily Real Estate Fund I LP Buys 188-Unit Phoenix Apartment Complex 2/03/22 EPIC Multifamily Real Estate Fund I LP has acquired Urban188, a 188-unit, value-add, garden-style workforce housing community located in Phoenix. EPIC financed the deal with a new loan for $24.25 mil.
Consisting of 10 reside...
|
Six-Building, 611k sf Vegas Office Portfolio Recapitalized in $116 Mil Financing Deal 2/01/22 A six-building, 611.2k sf office portfolio in Las Vegas was recapitalized in a $116 mil, long-term financing transaction. The financing was arranged by Dekel Capital on behalf of Moonwater Capital and its equity partners.
T...
|
Chinese Hospital in San Francisco Lands $103 Mil in Commercial Property Assessed Clean Energy Funding 1/31/22 GreenRock Capital LLC (GreenRock) successfully led $103 mil in Commercial Property Assessed Clean Energy (C-PACE) funding for Chinese Hospital, located at 845 Jackson St in San Francisco. We’re told this is the largest singl...
|
Tru Development Locks Up New Financing of $246 Mil on Two Nevada Res Properties 1/28/22 Tru Development has obtained $246 mil in construction debt, Co-GP equity and LP equity across two apartment development projects totaling 716 units in Nevada. They were advised in the transaction by Lucent Capital.
KaktusLif...
|
RISE Properties Trust Obtains $55 Mil for Purchase and Renovation of Downtown Portland Apartment Property 1/24/22 RISE Properties Trust has secured a $55 mil senior loan for the acquisition and renovation of 10th & Hoyt, a 178-unit, apartment building with 13.1k sf of ground floor commercial space in Portland. The building is located at ...
|
Seven-Property California Portfolio Refinanced with $223 Mil in Permanent Loans 1/20/22 A seven-property California real estate portfolio owned by a private investor was just refinanced with seven new permanent loans totaling $223 mil arranged by George Mitsanas of Gantry. The portfolio is comprised of three mul...
|
Wharton Industrial and Madison Ventures Plus Obtain $224 Mil in Financing for 1.5 msf AZ Ind Project 1/18/22 Wharton Industrial and Madison Ventures Plus have secured $224.07 mil in acquisition and construction financing for The HUB @ 202, a master-planned 1.5 msf industrial park located in the Southeast Valley submarket of Mesa, AZ...
|
DXD Capital Closes Inaugural Fund with $53 Mil 1/14/22 DXD Capital, a self-storage investor and developer, has closed its inaugural fund that launched in November 2020. The company exceeded its goal by raising $53 mil.
“Over the past several years, we’ve seen the growth of main...
|
Harbor Group International LLC and Azure Partners LLC Team Up in Acquisition of 480-Unit Res Community in Santa Clarita 1/14/22 Jefferson Vista Canyon, a 480-unit, Class A multifamily community in Santa Clarita, was acquired by a joint venture between Harbor Group International LLC and Azure Partners LLC. Although we don’t have the purchase price, we ...
|
GI Partners Secures $389 Mil Refi on Downtown L.A. Data Center/Office Tower 1/11/22 GI Partners recently obtained a $389.25 mil refi loan on One Wilshire, a 661.6k sf, multi-tenant, critical technology asset comprising a tier 3+-equivalent data center and office space in downtown Los Angeles. The internation...
|
New Res Development in Seattle Lands $42 Mil Refi Loan 12/02/21 Plus Capital Partners LLC has obtained a $42.63 mil refi loan on Shoresmith Apartments, a new, 113-unit res development in Seattle. The project, located at 1170 Republican St, also includes 1.3k sf of ground floor retail spac...
|
Anthem Properties Group Locks Up $59 Mil in Construction Money and Equity for Sacramento Res Development 11/16/21 Anthem Properties Group, out of Canada, has obtained $39 mil of construction debt and $20 mil of equity for a new 137-unit development in Sacramento. George Smith Partners arranged the loan and advised on the equity placement...
|
Signature Properties Picks Up Scottsdale Multifamily Property for $30 Mil 11/15/21 Signature Properties has purchased The 89 on Hayden, an 89-unit multifamily property in Scottsdale, AZ, for $30.1 mil ($338.2k/unit). The deal was financed with a loan for $15.7 mil.
The 89 on Hayden, located at 2240 North H...
|
Universe Holdings Wraps Up $36.5 Mil Cash-Out Refi on 11 Properties 11/15/21 Universe Holdings has received $36.5 mil in cash-out financing secured by a Southern California portfolio of 11 of the firm’s smaller multifamily communities.
The 10-year, 3.53% fixed-rate financing from Fannie Mae allowed U...
|
LaTerra Development and QuadReal Property Group to Develop 573-Unit Apartment Project in Downtown Burbank 11/15/21 LaTerra Development, a Los Angeles-based developer, together with QuadReal Property Group, a global real estate company based in Vancouver, have secured a $198.5 mil construction loan for the development of 573 apartment home...
|
Guardian Real Estate Services to Develop 234-Unit Res Project Outside of Portland 11/12/21 A Guardian Real Estate Services affiliate will develop Monroe Apartments, a 234-unit apartment community located five miles south of downtown Portland in Milwaukie, OR. The Class A, multifamily project will be situated on 7....
|
LuxView Properties Secures $93 Mil for Redlands Residential Development 11/11/21 LuxView Properties has obtained $93 mil in preferred equity and construction financing for the development of Venue at Orange, a 328-unit, wood-frame, garden-style multi-housing community in Redlands. The financing was arrang...
|