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• Rubicon Point Partners Buys 77k sf Medical Office Building Adjacent to University of California San Francisco Campus
11/09/21
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...
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• Carmel Partners Buys 101-Unit Res Property in San Jose
11/08/21
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...
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• Commercial Financing Briefs
11/02/21
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 ...
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• Pennant Housing Group Picks Up 91-Unit Affordable Housing Property in Berkeley
10/13/21
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...
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• $300 Mil in Financing Deals Arranged by JLL Capital Markets and George Smith Partners
10/11/21
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...
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• Dostart Development Company and Sares Regis Group of Northern California Lock in $182 Mil of Construction Money for Burlingame Office Development
10/04/21
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 ...
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• TMG Partners Closes $220 Mil Investment Account
10/04/21
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...
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• Juniper Square and CrowdStreet Create New Partnership to Streamline Investment Management
10/01/21
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...
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• Tucson Lifestyle Center is Acquired in $165 Mil Transaction
9/27/21
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...
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• Recently Constructed Apartment Property in Chula Vista Obtains $14.1 Mil Fannie Mae Take-Out Loan
9/27/21
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...
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• Downtown Denver Office Development Secures $77 Mil in Construction Money
9/24/21
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’...
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• JB Matteson Inc Closes Six Multfamily Assets Refis Totaling $132 Mil
9/24/21
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...
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• Carillon Point Campus in Washington Recapitalized with $190 Mil Financing
9/22/21
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...
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• Cumberland Holdings Acquires Multifamily Assets Totaling 136 Units in Portland and Daly City
9/13/21
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...
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• Pacific Partners Residential Secures $40 Mil in Construction Money for Two Res Developments
9/10/21
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,...
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• Riaz Capital Introduces Its Third Opportunity Zone-Compliant Development Fund
9/06/21
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,...
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• Bay Area Industrial Campus Lands $220 Mil Refi
9/03/21
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 ...
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• InTrust Property Group Buys 208 Res Units in Glendale, AZ
9/01/21
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.
Located at...
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• Tower Capital Arranges Over $100 Mil in Financing on Four Build-for-Rent Developments
8/26/21
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...
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• Dansons LLC Buys 204k sf Scottsdale Office Property
8/25/21
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...
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