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Commercial Real Estate Professionals Expect Increased Market Activity to Continue After Strong Start to 2021

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August 31, 2021

Berkadia Arranges $51 Million Recapitalization of Large Office Portfolio in Huntsville, Alabama’s Cummings Research Park

HUNTSVILLE, Ala. (September 1, 2021) – Berkadia announces it has secured a $51 million loan to refinance a 670,890-square-foot office/flex portfolio in Cummings Research Park in Huntsville, Alabama – the second-largest research park in the United States. The three-property portfolio consists of Perimeter Center (two mid-rise office buildings); Progress Center (five single-story office/flex buildings); and […]

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August 27, 2021

Berkadia Arranges $58M Financing for Westside Capital Group’s Acquisition of Waterfront Residential Tower in Downtown Fort Myers

Oasis Grand II was acquired in an off-market transaction for $71 million Fort Myers, Fla. (August 24, 2021) – Berkadia announces it has arranged financing for the acquisition of a landmark, 32-story residential tower in downtown Fort Myers, Fla.  Westside Capital Group, a real estate investment holding firm based in Miami, acquired the Oasis Grand […]

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August 24, 2021

Berkadia Secures $86 Million in Financing for Multifamily Property in Virginia

WASHINGTON, D.C. – August 23, 2021 – Berkadia announces it has secured an $86 million loan for the refinance of Meridian at Braddock Station, a 480-unit high-rise multifamily property located in Alexandria, Virginia.  A major national life company provided the borrower with a 10-year interest-only loan. Located at 1200 First St., Meridian at Braddock Station […]

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August 18, 2021

Berkadia Completes Over $85 Million Sale of Multifamily Portfolio in Washington

SEATTLE – August 18, 2021 – Berkadia today announced the sale of a two-property multifamily portfolio in Washington, consisting of The Row and The Union. Senior Managing Director Kenny Dudunakis, Senior Directors David Sorensen and Ben Johnson and Associate Director George Pallis of Berkadia Seattle completed the $85.45 million sale on behalf of the seller, […]

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August 17, 2021

Berkadia Arranges Sale and Financing of 1,002-unit Apartment Community in Memphis

Blue Magma Residential acquired the property from CapReit Memphis, Tenn. (August 16, 2021) – Berkadia announces it has arranged the sale and financing of a 1,002-unit apartment community in Memphis, Tennessee. Senior Director Patrick Jordan of Berkadia’s Memphis office represented the seller, CapReit, a leading multifamily real estate company with offices in suburban Washington D.C. […]

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August 17, 2021

Berkadia Completes $46 Million Sale of Multifamily Property in Southern California

SAN DIEGO — August 17, 2021 — Berkadia announced today the $46 million sale of Shoreline, a 192-unit garden-style multifamily property in Lake Elsinore, California. Director Tyler Sinks and Managing Directors Ed Rosen and John Chu of Berkadia San Diego completed the sale on behalf of the seller, California-based Forge Partners. The buyer was Vista […]

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August 17, 2021

Berkadia Secures $20 Million in Financing for Multifamily Property in Illinois

KANSAS CITY, Mo. – August 17, 2021 – Berkadia announced today the financing secured for Metro Apartments at Granite City, a 290-unit garden-style multifamily property in Granite City, Illinois. Managing Director John J. Schorgl of Berkadia Kansas City secured $20 million in permanent refinancing on behalf of the borrower, Missouri-based KH Properties. The deal closed […]

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August 12, 2021

Berkadia Negotiates $18.05 Million Multifamily Sale in Loveland, Colorado

LOVELAND, CO – August 11, 2021 – Berkadia announced today the sale of The Gallery Flats, a mid-rise multifamily property in Loveland, Colorado. Senior Directors Nick Steele and John Laratta, Director Tyler King and Associate Director Nate Moyer of Berkadia Denver led the transaction on behalf of the seller. The deal closed August 5. The […]

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August 12, 2021

Berkadia Negotiates 170-Unit Multifamily Sale in Lake County, Illinois

Round Lake, IL – August 11, 2020 – Berkadia announced today the sale of Rosewood Apartments, a 170-unit, garden-style multifamily property in the far northwest Chicago suburb of Round Lake, Illinois. Managing Director Ralph DePasquale of Berkadia Chicago led the transaction team on behalf of the seller, Rosewood Apartments Limited Partnership. The deal closed July […]

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