|
Riverside Shopping Center Lands $37 Mil in Financing 6/15/23 Regional Properties has obtained $37 mil in financing for Mission Grove Plaza, a 248.1k sf shopping center in Riverside. The property is located at 121 – 383 East Alessandro Blvd, east of I-215 at Trautwein Rd.
The 16-build...
|
Blatteis & Schnur Secures $27 Mil to Build Spec Retail Project Along Santa Monica’s Third Street Promenade 6/14/23 Here’s news of a spec retail development along Santa Monica’s iconic Third Street Promenade. The three-story, 25k sf project is being developed by Blatteis & Schnur, who are replacing a 77-year-old mixed-used building that th...
|
The McBride Cohen Company Secures $385 Mil in Debt and Equity for Construction of AZ Mixed-Use Project 6/14/23 The McBride Cohen Company has secured $385 mil in debt and equity for the construction of South Pier at Tempe Town Lake Phase I, a 737.6k sf, waterfront, trophy mixed-use project in Tempe, AZ. The development will include 724...
|
Landmark Companies Lands $45 Mil for TX Res Development 6/14/23 Landmark Companies has secured $45 mil in construction financing for Arden at Corinth, a 296-unit multifamily project in Corinth, TX. The total project cost is $63.3 mil.
The project, a ground-up, Class A res development co...
|
Investor Lands $53 Mil Loan on AZ Retail Center 6/12/23 An unnamed private investor has obtained $53.4 mil permanent loan to retire construction debt for the first phase of a multi-phase retail project. The project, The Village at Prasada, is a 700k sf retail power center located ...
|
Kennedy Wilson Acquires Initial Tranche of Loans Valued at $3.25 Bil in Total Commitments 6/12/23 Kennedy Wilson has acquired an initial tranche of loans as part of a $5.7 bil loan portfolio purchase from Pacific Western Bank. This first tranche of loans acquired by Kennedy Wilson and certain controlled affiliates of Fair...
|
Empire Group Obtains $120 Mil in Financing on Two AZ Build-to-Rent Projects 6/08/23 Scottsdale, AZ-based Empire Group has secured $120.5 mil in financing for two Build-to-Rent (BTR) communities in the Phoenix market. The lease-up bridge and construction financing is for the newly developed Village at Pioneer...
|
East Bay Industrial Park Secures $19.4 Mil Refi 6/06/23 Central Avenue Center, a five-building, 150k sf multi-tenant industrial park in the East Bay city of Richmond, was refinanced with a $19.4 mil permanent loan. It was used to take out a maturing CMBS loan.
The park serves a d...
|
Milan Capital Lands $12 Mil Refi on Oceanside Retail Center 6/05/23 Milan Capital Management has obtained a $12.05 mil refi loan on Mission Promenade, a 105.7k sf, dual grocery-anchored shopping center in Oceanside.
Built in 1972 and renovated in 1999, Mission Promenade is currently 97% occu...
|
New Mountainside Fitness-Leased Retail Building in the Phoenix Area Secures $7.65 Mil in Financing 6/02/23 A new 40k sf retail building in the greater Phoenix area that is 100% leased to Mountainside Fitness, a health club operator with 19 Phoenix Region locations, has been financed with $7.65 million of construction-to-permanent ...
|
Welcome Group Secures $37 Mil in Construction Money for Pasadena Hotel Project 5/24/23 Welcome Group Inc has secured $36.8 mil in financing for the construction of a 194-key, six-story hotel development in the Playhouse District of Pasadena. The project is located at 550-566 E Colorado Blvd, south of the 210 Fw...
|
Recently Completed Washington Multifamily Development Lands $14 Mil Fannie Mae Refi 5/24/23 Kōz on Weaver Road, a 100-unit senior housing community located just outside of downtown Snohomish, WA, was refinanced with a new Fannie Mae DUS® loan for $14 mil. In the transaction, Cushman & Wakefield served as the ex...
|
Albuquerque Res Community Lands $45 Mil Freddie Mac Refi 5/19/23 Union 505 Apartments, a 572-unit residential community in Albuquerque, NM, was refinanced with a new loan for $45.5 mil. The property is located at 801 Locust Place NE.
The community offers studio, loft, one- and two-bedroom...
|
Goodyear, AZ Multifamily Property Refinanced with $41.6 Mil Freddie Mac Loan 5/18/23 Lunaire Apartments, a 240-unit res community in Goodyear, AZ, landed new financing of $41.6 mil. The property is located at 949 S. Goodyear Blvd, just south of I-10, within the Phoenix MSA. It is owned by 29th Street Capital....
|
Denver Area Res Asset Lands $65 Mil in New Financing 5/09/23 Promenade Place, a 387-unit, mid-rise multifamily property in Greenwood Village, CO, has landed new financing of $65 mil. The asset, situated in the heart of the thriving Denver Tech Center (“DTC”), is owned by a domestic pen...
|
Mark IV Capital Looking to Grow Its Industrial Presence in Five States 5/08/23 Mark IV Capital, a private investment firm with a nearly 50-year history of commercial real estate investment and development, as well as venture capital, is expanding its C-suite to grow its industrial and mixed-use developm...
|
Irvine Res Property Lands $31.6 Mil Refi 5/05/23 Advanced Real Estate completed a $31.6 mil internal refinance of the Axis 2300 Apartments in Irvine. The 115-unit multifamily property is located at 2300 Dupont Dr, southwest of the 405 Fwy off Von Karman Ave.
Alex Kane, Joe...
|
WNC Preservation Equity Fund 2 Fully Invested in $229 Mil of Affordable Housing Assets in Six States 5/04/23 Preservation Equity Fund Advisors (PEF Advisors) has fully invested its WNC Preservation Equity Fund 2 (Fund 2) in $229 mil in assets across six states. Fund 2, a $100 mil equity fund that closed in May of 2022, is PEF Adviso...
|
Commercial Real Estate Financing Briefs 5/04/23 TALONVEST CAPITAL - Kim Bishop, Jim Davies, Tom Sherlock, Mason Brusseau, and Lauren Maehler with Talonvest Capital closed a $65 mil, non-recourse bridge loan for a seven-asset, self-storage portfolio located in Texas, Florid...
|
Kairos Investment Management Company Secures $175 Mil Fannie Mae-Backed Credit Facility 5/01/23 Kairos Investment Management Company (KIMC) has secured a $175 mil credit facility backed by Fannie Mae. Berkadia, a leading commercial mortgage lender, originated and will service the credit facility for each transaction.
...
|