| Rubicon Point Partners Buys 77k sf Medical Office Building Adjacent to University of California San Francisco Campus
In a San Francisco medical office buy, Rubicon Point Partners purchased 350 Parnassus, a 77k sf building just a block from Golden Gate Park. The firm financed the deal with a $53.7 mil first mortgage loan provided by Mesa Wes...
| Carmel Partners Buys 101-Unit Res Property in San Jose
A Carmel Partners affiliate purchased One38 Apartments, a 101-unit apartment community adjacent to the San Jose Convention Center. Built in 2019, the property sits on 1.5 acres at 138 Balbach St in the city’s downtown. The ac...
| Commercial Financing Briefs
CBRE - Bill Chiles, Scott Peterson and Morgon Fraser of CBRE’s debt and structured finance arranged a $47.6 mil loan for the construction of Geo Queen Anne, a 168-unit multifamily community in Seattle, on behalf of the owner ...
| Pennant Housing Group Picks Up 91-Unit Affordable Housing Property in Berkeley
Pennant Housing Group has purchased Harriet Tubman Terrace, a 91-unit, Section 8 HAP property in Berkeley. The acquisition was financed with a $32.5 mil Fannie Mae DUS® Multifamily Affordable Housing (MAH) loan arranged by Gr...
| $300 Mil in Financing Deals Arranged by JLL Capital Markets and George Smith Partners
Here are financing briefs for two deals worth almost $300 mil arranged by JLL Capital Market and George Smith Partners. One of the transactions is for a refi on a Class A office building in San Francisco, while the other is f...
| Dostart Development Company and Sares Regis Group of Northern California Lock in $182 Mil of Construction Money for Burlingame Office Development
Dostart Development Company and Sares Regis Group of Northern California have obtained $182 mil in construction financing for the development of 220 Park in Burlingame. The 184k sf, Class A+ office development represents the ...
| TMG Partners Closes $220 Mil Investment Account
TMG Partners has closed a $220 mil separate account to invest in real estate in the Bay Area. The capital was sourced from a single institutional investor and represents TMG’s third venture with this investor.
This new capi...
| Juniper Square and CrowdStreet Create New Partnership to Streamline Investment Management
Juniper Square has entered into a strategic partnership with CrowdStreet, a leader in online capital raising for CRE sponsors. The partnership will streamline investment management by synchronizing offering, investor and dist...
| Tucson Lifestyle Center is Acquired in $165 Mil Transaction
La Encantada, a 246.3k sf, open-air lifestyle center in Tucson, is under new ownership after being acquired by a group of local investors in a transaction valued at $165.25 mil ($671/sf). The deal was financed with a new loan...
| Recently Constructed Apartment Property in Chula Vista Obtains $14.1 Mil Fannie Mae Take-Out Loan
The Broadway, a 62-unit multifamily property in Chula Vista, was refinanced with a new loan for $14.1 mil. Aaron Beck with NorthMarq arranged the loan through Fannie Mae and NorthMarq’s DUS platform.
The newly constructed pr...
| Downtown Denver Office Development Secures $77 Mil in Construction Money
Schnitzer West has landed $77 mil in construction financing for development of The Current River North, a 12-story, 238k sf Class A office development in downtown Denver. The project is located at 3617 Delgany St in the city’...
| JB Matteson Inc Closes Six Multfamily Assets Refis Totaling $132 Mil
JB Matteson Inc has refinanced six CA and WA multifamily properties comprising a total of 965 units in separate transactions totaling $132 mil.
The six permanent loans were arranged by Dennis Williams and Tom Wight of NorthM...
| Carillon Point Campus in Washington Recapitalized with $190 Mil Financing
Carillon Properties has recapitalized its Carillon Point mixed-use campus in Kirkland, WA with new financing of $190 mil. Fronting Lake Washington, the 26-acre property features a mix of Class A office, boutique hotel, and re...
| Cumberland Holdings Acquires Multifamily Assets Totaling 136 Units in Portland and Daly City
Cumberland Holdings, out of the Bay Area, recently completed two multifamily property acquisitions located in Portland, OR and Daly City, CA. The purchases were financed with $32.1 mil in combined bridge acquisition money arr...
| Pacific Partners Residential Secures $40 Mil in Construction Money for Two Res Developments
Pacific Partners Residential, an Idaho-based multifamily development firm, has obtained $39.65 mil in construction financing for the development of Redpoint Apartments, a 192-unit market-rate multifamily community in Redmond,...
| Riaz Capital Introduces Its Third Opportunity Zone-Compliant Development Fund
Riaz Capital, a Bay Area-based development and management company, has unveiled its latest opportunity zone-compliant development fund, focused on housing for the Bay Area’s underserved urban workforce.
The Ozone III fund,...
| Bay Area Industrial Campus Lands $220 Mil Refi
Pacific Commons South, a 1.9 msf property in one of the top-performing industrial markets in the San Francisco Bay Area, has just been refinanced with a new loan for $220 mil. The property, owned by a venture between Overton ...
| InTrust Property Group Buys 208 Res Units in Glendale, AZ
InTrust Property Group recently picked up two multifamily properties totaling 208 units in Glendale, AZ. Acquisition of the properties, the Sunflower and Veranda Apartments, was financed with a loan of $29.36 mil.
| Tower Capital Arranges Over $100 Mil in Financing on Four Build-for-Rent Developments
Tower Capital arranged nearly $108 mil in combined financing for four single-family, build-for-rent (BFR) developments in two states. The larger of the transactions involve Empire Group’s development plans in Metro Phoenix fo...
| Dansons LLC Buys 204k sf Scottsdale Office Property
Dansons LLC has acquired Gainey Ranch Corporate Center II, a 203.6k sf, Class A office property in Scottsdale, AZ. The purchase was financed with a new loan for $29.175 mil that was arranged by JLL.
Gainey Ranch Corporate Ce...