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• Washington Office Tower Lands $35 Mil Refi
12/06/24
Unico has refinanced 1201 Pacific, a 305k sf, Class A office tower in Tacoma, WA, with a new loan for $35 mil.
The LEED Gold certified building is nearly 90% leased. Rising above the Tacoma skyline in the heart of the port c...
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• OC Seniors Housing Project Lands $473 Mil in Tax Exempt and Taxable Bond Financing
12/06/24
Development of The James, a luxury rental, 350-bed seniors housing project in Irvine, is slated to get underway after just having secured $473 mil in tax exempt and taxable bond financing. We’re told the deal is the largest t...
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• Oliver McMillan Secures $12.5 Mil on Culver Theater Property in the City’s Downtown
12/03/24
Oliver McMillan LLC recently secured senior financing of $12.5 mil on the Culver Theater, a 41.3k sf movie theater in the heart of downtown Culver City. The five-year, fixed-rate loan was arranged by JLL Capitakl Markets and ...
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• Bay Area Office Building Lands $37 Mil Refi
12/02/24
Diamond Investment Properties has obtained a $37.75 mil refi loan for 101 Redwood Shores, a 100k sf, Class A office building located in Redwood City, CA. The new loan was originated by CBRE Capital Markets and funded through ...
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• Bonnani Development Secures $108 Mil Recapitalization on Recently Completed OC Res Development
11/21/24
Bonnani Development has obtained $108.38 mil in total capital for the VRV, their recently completed, 300-unit luxury apartment property in the OC city of Stanton. The financing was arranged by BWE and includes an $88.38 mil s...
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• Hampton Inn & Suites by Hilton Seattle Downtown Lands $27 Mil Refi Loan
11/20/24
In a Seattle hotel financing deal, the 199-key Hampton Inn & Suites by Hilton Seattle Downtown was refinanced with a new loan for $27 mil. Hampton Inn & Suites by Hilton Seattle Downtown is a six-story, focused-service hotel ...
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• DECA Plans to Build 855k sf Distribution Facility in Perris
11/15/24
San Francisco-based DECA has announced plans to build a brand new 855.3k sf warehouse/distribution facility in Riverside County. The project, Perris Gateway, is a fully entitled, state-of-the-art speculative cross-dock develo...
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• Inland Empire Power Center Lands $140 Mil Refi
11/15/24
Castle & Cooke has obtained $140 mil in new financing on Crossings at Corona, a Class A, 834k sf retail power center in Corona. The new loan was arranged by JLL and funded through Deutsche Bank AG.
Crossings at Corona was co...
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• Commercial Real Estate Financing Briefs
11/11/24
GANTRY -- Gantry’s George Mitsanas, Braden Turnbull and Austin Ridge secured a $55.9 mil purchase money permanent loan for the acquisition of the Huntington Oaks retail center located at 500-600 W. Huntington Dr in the city o...
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• Wood Investments Companies Secures New Loan for $20 Mil on Montana Retail Center
11/11/24
Wood Investments Companies Inc has obtained a $20.3 mil permanent loan for Helena Skyway Regional Shopping Center, a 164.1k sf retail property in Helena, MT. The financing was provided by Wells Fargo.
Helena Skyway Regional ...
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• Step Up Housing Buys 240-Unit Affordable Housing Property in Richmond
11/08/24
Step Up Housing has acquired Vue at 3600, a 240-unit affordable housing property in the Bay Area city of Richmond. As part of the closing, a regulatory agreement was recorded against title requiring 180 units (75%) to be affo...
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• WPT Capital Advisors Entity Buys 500k sf Bay Area Industrial Asset
11/05/24
An affiliate of WPT Capital Advisors acquired a Class A, three-building, 517.9k sf industrial park in the Bay Area city of Richmond. The deal was financed with an $85 mil loan provided by PCCP LLC.
Built in 2015 and 2016, th...
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• Auto Dealership Group Acquires 3.28-Acre Site in Kirkland, WA for Showroom and Storage Use
11/04/24
Lee Johnson Nissan of Kirkland auto dealership has acquired a 3.28-acre property with a 14k sf showroom and auto service building in Kirkland, WA. The purchase was funded with a new $15.5 mil permanent loan.
The property, lo...
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• Sunroad Enterprises Acquires Newly Constructed 265-Unit Res Project in Henderson, NV
11/01/24
Sunroad Enterprises has obtained a $66 mil senior loan for the acquisition and lease-up of Element 12 at Cadence, a 265-unit apartment community in Henderson, NV. The four-story apartment community is located within the Caden...
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• San Jose Affordable Housing Complex Refinanced with New $30 Mil Loan
10/30/24
The John Stewart Company has secured a $30.17 mil refi loan on Monte Alban Apartments, a 192-unit, garden-style affordable housing complex in San Jose. Built in 1970 and renovated in 2006, the property is located at 1324 Sant...
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• New Texas Industrial Development Refinanced with $100 Mil Take-Out Loan
10/29/24
A joint venture between Grandview Partners and TRG Development has obtained $99.8 mil of financing for a newly constructed industrial park totaling approximately 1.64 msf in Wilmer, TX, a suburb of Dallas. Known as Core45, th...
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• Ares Management Real Estate Secures $475 Mil in Financing on 4.8 msf Industrial Portfolio
10/23/24
Ares Management Real Estate has obtained $475 mil in financing backed by a 4.8 msf, 25-building industrial portfolio on behalf of a fund it manages. The portfolio spans 16 markets in 12 states.
The floating-rate CMBS single...
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• Hawkins Way Capital Picks Up 79-Unit Student Housing Property Near UC Berkeley
10/23/24
Hawkins Way Capital LLC has purchased Varsity Berkeley, a mid-rise student housing complex located at 2024 Durant Ave in Berkeley. Constructed in 2015, Varsity Berkeley is a thriving student housing complex featuring 79 units...
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• Legacy Partners and Silverpeak Real Estate Partners Start Work on 240-Unit Res Project in Washington
10/15/24
Construction has started on Legacy at University Place, a 240-residence apartment community coming to University Place, WA. The project is a venture of Legacy Partners and Silverpeak Real Estate Partners, who recently closed...
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• Universe Holdings Refinances Three SoCal Res Properties
10/14/24
Universe Holdings (Universe) has refinanced three of its SoCal multifamily properties with fixed-rate financing which will add approximately $100k sf a month in additional property cash flow.
The three new separate, five-yea...
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