|
BH Properties Provides $5 Mil in Debtor-In-Possession Financing to California Nevada Methodist Homes 8/24/21 BH Properties has provided continuing care, senior living housing owner and operator California Nevada Methodist Homes (CNMH) with $5 mil in debtor-in-possession (DIP) financing to fund day-to-day operations until regulatory ...
|
Student Housing Project at Washington Community College Lands $32 Mil Refi 8/17/21 A newly completed, privately-built, off-campus student housing mixed-use project adjacent to Edmonds College, a community college in Lynnwood, WA, was just refinanced with a new loan for $32.5 mil. The financing was arranged ...
|
Singerman Real Estate and Darnell Capital Secure $23 Mil for Development of a Senior Housing Community in Rolling Hills Estates 8/13/21 Singerman Real Estate and Darnell Capital have obtained $23 mil in construction financing for, a to-be-built, 87-unit, assisted living and memory care community. The project is located in Rolling Hills Estates, on the Palo Ve...
|
Washington Holdings Buys 378k sf San Jose R&D Campus 8/09/21 Seattle-based real estate investment firm Washington Holdings has acquired RioTech R&D Park, a Class A R&D campus in San Jose. The property is centrally located in the North San Jose submarket with immediate access to mass tr...
|
Gantry Arranges $120 Mil of Financing in Four Self-Storage Deals 8/02/21 Gantry arranged $120 mil of new commercial mortgages in four transactions across nine self-storage assets. Permanent loan solutions were tailored to each asset, which were each unique in their phase of construction, redevelop...
|
Commercial Real Estate Financing Briefs 7/22/21 GANTRY - Mitchell Zeemont and Tony Kaufmann with Gantry secured a $44.25 mil loan for a single-tenant life sciences building located in the East Bay’s Emeryville submarket. The 67k sf building is 100%t occupied by a publicly ...
|
Archway Capital Expands Its Lending Platform and Its Exec Team 7/20/21 Archway Capital has expanded its lending platform to include first mortgage debt, mezzanine capital, as well as preferred and CO-GP equity between $3 mil and $15 mil secured by performing and non-performing residential and co...
|
Pico Rivera Retail Center Lands $23 Mil in Financing for Renovation Work 7/15/21 Crossroads Plaza Shopping Center, a 140.2k sf, grocer shadow-anchored retail center in Pico Rivera, is about to undergo a significant renovation that will include the construction of an additional 12k sf of shop space. The wo...
|
San Mateo Office Campus Lands $159 Mil in New Financing 7/13/21 Clearview Business Park, a six-building creative office campus located in San Mateo, was refinanced with a $159.3 mil loan originated by Square Mile Capital Management LLC. The loan was made to Hines and an institutional join...
|
Mesa West Capital Originates $187 Mil on Trio of Res Properties 7/09/21 We’ve got $187.5 mil in first mortgage financing deals on communities in Chicago, IL; Phoenix, AZ and Portland, OR to report. The three financings were all originated by Mesa West Capital.
In one of the deals, Mesa West Capi...
|
Rexford Industrial Realty Increases Borrowing Capacity of Revolving Credit Facility by $200 Mil 7/02/21 Rexford Industrial Realty has exercised the accordion option of the company's existing unsecured revolving credit facility and increased the borrowing capacity by $200 mil, from $500 mil to $700 mil. All other material terms...
|
Commercial Real Estate Financing Briefs 6/30/21 CBRE - Mark McGovern and Brian Cruz of CBRE’s debt and structured finance team have arranged a $28 mil loan for the refinancing of 500 Ygnacio, an office property in Walnut Creek. Located at 500 Ygnacio Valley Rd, the 105.5k ...
|
Trion Properties Launches Its Third Multifamily Investment Fund 6/25/21 Trion Properties has announced the launch of Trion Multifamily Opportunity Fund III LLC, its third investment fund vehicle. The fund, which will target $75 mil in equity to deliver $175-200 mil in buying power, will primarily...
|
American Life Lands New Financing of $122 Mil on Seattle Office and Hotel Asset 6/25/21 American Life Inc has secured $122.7 mil in refi money on 255 South King Street, a 717.7k sf office and hospitality asset in Seattle. The loan was arranged by Cushman & Wakefield and provided by PCCP.
255 South King Street i...
|
Equity Stake in Seattle Area Flex/Industrial Portfolio Refinanced in $86 Mil Transaction 6/24/21 A recently acquired Seattle-area portfolio encompassing 13 flex/office and industrial R&D buildings in two office parks has landed $86 mil of new financing to recapitalize the equity in the equity position in the assets.
Th...
|
TX Office Complex Lands $95 Mil Refi 6/23/21 San Diego-based Parallel Capital Partners Inc has received a $95 mil loan from Bank of America for the refinancing of Urban Towers, a Class AA, high-rise office complex spanning more than 850k sf in Irving, TX. Comprised of t...
|
Built Development Finances Newly Constructed San Diego Res Project with $24.5 Mil Loan 6/22/21 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 6/17/21 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 6/17/21 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 6/16/21 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...
|