| Built Development Finances Newly Constructed San Diego Res Project with $24.5 Mil Loan
Built Development has secured a $24.5 mil in financing for Cielo, a Class A, mid-rise multi-housing property located in downtown San Diego’s Little Italy neighborhood. Built acquired the land in 2014 and, upon receiving entit...
| San Diego Office Portfolio Financed with New $91 Mil Loan
Brookwood Financial Partners LLC has obtained new financing of $91 mil on The Brookwood North San Diego Portfolio, a collection of seven best-in-class office properties within three campus settings across North San Diego Coun...
| Base Equities Launches Debut Fund with Goal of $50 Mil in Commitments
Base Equities, a Los Angeles-based private equity firm that specializes in providing preferred equity to established sponsors in commercial real estate assets across the United States, has launched its new fund, Base Preferre...
| GI Partners Buys 370k sf Bay Area Life Sciences Campus in $155 Mil Deal
GI Partners acquired Mt. Eden Research Park, a six-building, R&D / life sciences campus totaling 370k sf in Hayward. The asset was sold for $155 mil ($419/sf) by BentallGreenOak, who obtained $114 mil in financing for the dea...
| Commercial Financing Briefs
SONNENBLICK-EICHNER COMPANY - Sonnenblick-Eichner Company arranged a $30 mil refi of a 78.5k sf, Class A office building located in Manhattan Beach that serves as the new global corporate headquarters of Fisker Inc. The three...
| 96k sf AZ Lifestyle Center Gets Underway
Scottsdale, AZ-based Verde Gilbert LLC has secured $28 mil in construction money for the development of Verde at Cooley Station, a 10-building, 96k sf lifestyle center in Gilbert, AZ. The project, located at 17201-17361 E. Wi...
| Recently Constructed Portland Res Community Refinanced with $49 Mil Loan
Holland Partner Group refinanced Kado NW, a recently constructed, 196-unit multifamily community in Portland, with a new loan of $49.4 mil.
Located at 1378 NW 18th Ave in Portland’s central business district, the project was...
| Creative Office Project in L.A.’s West Adams Area Lands $55 Mil in Financing
The Luzzatto Company has obtained senior and mezzanine construction financing totaling $54.73 mil for the development of The Depot, a 107.2k sf, 1.5 acre creative office campus in the West Adams micro market of Los Angeles. T...
| Phoenix Office Property Refinanced with $61.7 Mil Loan
Regent Properties has obtained a $61.7 mil refi on Elevate 24, a 323.3k sf, Class A office property in Phoenix. Elevate 24, located at 4722-4742 N. 24th St, is one of several of Regent Properties’ holdings in the Phoenix mark...
| Kirkland Development Starts Work on 140-Unit Res Project in Camas, WA
Kirkland Development has broken ground on The Ledges at Columbia Palisades, a residential development in Camas, WA consisting of 90 rental apartment units and 51 condos. The project is being financed with a $42 mil constructi...
| Moonwater Capital and Apex Financial Advisors Become the New Ownership Partnership for 177k sf Las Vegas Office Asset
Moonwater Capital and Apex Financial Advisors have acquired Montecito Tower, a 177.3k sf, Class A office building in Las Vegas. The ownership secured $33.3 mil in permanent debt as part of the acquisition and recapitalization...
| Dornin Investment Group-Led Partnership Acquires $195 Mil Non-Performing Loan
Laguna Beach investment firm Dornin Investment Group (“DIG”), in partnership with an investment fund, acquired a $195.5 mil, non-performing loan secured by a portfolio of 18 separate properties located throughout Southern Cal...
| OC Healthcare Portfolio Lands $58 Mil Refi
Pacific Coast Holdings Investment, a local real estate investment group, has locked in a $58.2 mil refi on a five-property healthcare portfolio in Orange County. The portfolio consists of three acute-care hospitals leased to ...
| Security Properties Refinances Upscale Portland Res Development
Security Properties has refinanced a Class A multifamily property in Portland with a new loan for $55 mil provided by Invesco. The property, Heartline Apartments, contains 218 units and is located at 1250 NW Kearney St.
| Recently Constructed Res Project in L.A.’s Koreatown Area Lands $41.5 Mil Refi
A CBRE Global Investors-sponsored fund has locked up a $41.5 mil refi loan on Mariposa on 3rd, a recently built apartment building in Los Angeles. The floating-rate loan has an initial term of three years and can extend up to...
| Cruzan Secures $35 Mil Refi on Del Mar Heights Office Asset
Cruzan has refinanced Plaza Del Mar, a two-building, 117.5k sf office property in the Del Mar Heights submarket of North County San Diego. The new $35.3 mil loan was arranged by Mark McGovern, Scott Peterson, Brian Cruz and C...
| Phase 3 Real Estate Partners Inc and Bain Capital Real Estate Land $400 Mil for Construction of Bay Area Life Science Campus
Phase 3 Real Estate Partners Inc and Bain Capital Real Estate have obtained a $400+ mil construction loan for Genesis Marina, a to-be-built, waterfront Class A+ life science campus totaling approximately 570k sf in the Bay Ar...
| Commercial Real Estate Financing Briefs
DAVID B. NORTON - David B. Norton Inc arranged $39.3 mil in ground-up financing for the land acquisition and construction financing of a 314-unit garden style apartment complex outside of San Antonio, TX. The development is l...
| Tower Capital Arranges $21 Mil for Two AZ Hotel to Residential Conversion Projects
Tower Capital arranged $21.3 mil in acquisition and renovation loans for two hotel-to-multifamily conversions in Arizona. The first transaction is a $12 mil acquisition and rehab loan for a four story, 158-key, interior corri...
| GR Properties USA Starts Work on 139-Unit Res Property Across from Sony Pictures in Culver City
GR Properties USA Inc has obtained $58 mil in financing for a seven-story, mixed-use development across from Sony Pictures Studios in Culver City. The financing, arranged by George Smith Partners (GSP), consists of $42 mil in...