Western Real Estate Business magazine covers the multifamily, retail, office, healthcare, industrial and hospitality sectors in the Western United States.
Issue link: https://westernrealestatebusiness.epubxp.com/i/595440
F I N A N C E 6 • November 2015 • Western Real Estate Business www.REBusinessOnline.com PROPERTY CLASS LOCATION (CITY, STATE) SIZE AMOUNT LENDER ARRANGED BY The Citizen Hotel Hospitality Sacramento, Calif. 196 rooms $44.5 million Undisclosed Meridian Capital Group Ontario Town Square Townhomes Mulitfamily Ontario, Calif. 140 units $22.8 million Capital One Undisclosed Gershwin Apartments Mulitfamily Hollywood, Calif. 163 units $20.9 million Undisclosed George Smith Partners Undisclosed Mulitfamily West Hollywood, Calif. 42 units $18.3 million Undisclosed Quantum Capital Partners Mission Pacifc Apartments Mulitfamily San Diego, Calif. 132 units $18 million Undisclosed Life Insurance Company NorthMarq Capital Bascom Village Phase I Mulitfamily Eugene, Ore. 53 units $13.8 million KeyBank Undisclosed Panoramic Multifamily San Francisco 160 units $12.5 million Undisclosed Square Mile Capital Management LLC FINANCIAL SCOREBOARD Loans Recently Closed For Western Properties PERRIS CIRCLE INDUSTRIAL PARK PROJECT RECEIVES $42 MILLION IN FINANCING PERRIS, CALIF. — Perris Circle In- dustrial Park has received $42 million in joint venture equity and construc- tion fnancing. The Class A industrial facility will contain two buildings to- taling 594,000 square feet. The new project is situated on a 31- acre site at 278-290 Markham Street, near Harley Knox and Interstate 215. Perris Circle Industrial Park will be complete in early 2016. HFF worked on behalf of the devel- oper, Circle Industrial, to arrange the joint venture equity partnership with Cigna Realty Investors. The frm also secured the construction fnancing for the partnership with Wells Fargo Bank. HFF's equity placement team was led by Anthony Brent, Kevin Macken- zie and Ryan Martin. The debt place- ment team was led by Todd Sugimoto and Mark Wintner. GRANDBRIDGE ARRANGES $42.3 MILLION REFINANCING FOR ASSISTED LIVING COMMUNITY NEAR SAN FRANCISCO CORTE MADERA, CALIF. — The Atlanta-based Seniors Housing and Healthcare Finance Team of Grand- bridge Real Estate Capital has ar- ranged a $42.3 million refnancing for Aegis of Corte Madera, a 118-unit assisted living and memory care near San Francisco. A life insurance company provided funding for the loan. Grandbridge's Richard Thomas, senior vice president, and Meredith Davis, vice president, originated the transaction. Grandbridge Real Estate Capital arranges permanent commercial and multifamily real estate loans, services loan portfolios and provides asset and portfolio management, as well as real estate brokerage services. CENTURY BUSINESS CENTER IN HAWTHORNE RECEIVES $57 MILLION IN FINANCING HAWTHORNE, CALIF. — Century Business Center, a 1.4-million-square- foot industrial manufacturing facility in Hawthorne, has received $57 mil- lion in senior fnancing. The center is located at 3901 Jack Northrop Ave. The seven-building campus is fully leased to Triumph Aviation Group and SpaceX. Triumph produces fu- selages for Boeing's 747 passenger and freighter commercial jets, while SpaceX is the largest private space transport company in the world. The 10-year, fxed-rate loan was arranged by HFF's Paul Brindley, Anthony Brent and Ryan Martin on behalf of Zelman Development Co. It was placed with AIG Investments. The proceeds were used to recapital- ize the property. in fo@iconbuilders.com 310-450-5661 x 101 Call us for feasibility review and scope development at no cost. Are Projects in Your Portfolio Approaching Year 15? Experts in Occupied Afordable Housing Renovation Built or Renovated Over 19,500 Afordable Housing Units Let ICON Builders Help Evaluate Your Asset For Repositioning. i O c c u p i e d A f o r d a b l e Y o u r A s s e t F o r R p n g .