LOS ANGELES – October 18, 2017 – Berkadia announced the $33 million sale of Reche Ridge and 1333 Canyon, a two-property apartment portfolio in Colton, California. Managing Director Jim Fisher and Senior Director Mike Smith of Berkadia’s Los Angeles team represented the Seller, Los Angeles-based TruAmerica Multifamily in the transaction. The team previously sold the […]
Read MoreWASHINGTON, D.C. – October 16, 2017 – Berkadia today announced the recent financing of Capitol Hill Tower, a multifamily cooperative property located in Washington, D.C. Senior Director Joe DeGiorgi of the Philadelphia office secured the $46.94 million permanent refinancing on behalf of the borrower, Capitol Hill Tower Housing Cooperative, Inc. The deal closed on September […]
Read MoreSan Diego – October 13, 2017 – A joint venture led by Manchester Financial Group has engaged Berkadia Hotels and Hospitality to source a $650 million construction loan on the Manchester Pacific Gateway development. The project is situated on San Diego’s waterfront and is the largest undeveloped urban waterfront site on California’s coast. The $1.3 […]
Read MoreIrvine, CA – October 12, 2017 – Berkadia announced today the financing of AA New Storage, located at 1741 Whittier Avenue in Costa Mesa, California. Managing Director, Jackson Cloak, of Berkadia’s Irvine office negotiated the $12,125,000 transaction on behalf of a California investment group. The deal closed on August 4, 2017. “Berkadia engaged the conduit […]
Read MoreGroup surpasses year-over-year total production by nearly 40 percent Chevy Chase, Md. – October 10, 2017 – Berkadia today announced its Housing and Urban Development team arranged more than $2.15 billion in financing during HUD’s 2017 fiscal year, surpassing year-over-year total production figures by roughly 40 percent. “This past fiscal year saw a great deal […]
Read MoreLOS ANGELES – October 10, 2017 – Berkadia today announced that it recently secured a $62.5 million loan to finance Amerige Pointe, a 292-unit multifamily property located in Fullerton, California. Managing Director Jackson Cloak secured the financing for the borrower. The deal closed on September 27. The loan, a seven-year fixed-rate treasury loan, features a […]
Read MoreBerkadia Arranges over $50M in Financing for Off-Market Acquisition of Two Multifamily Properties in Knoxville, TN Knoxville, Tenn. (Oct. 10, 2017) – Berkadia secured over $50 million in financing for the off-market acquisition of two multifamily assets located in Knoxville by Goldelm Capital LLC. Michaelson Group, a commercial real estate management and operation firm, will […]
Read MoreMIAMI (Oct. 6, 2017) – Berkadia has secured a $28.6 million loan for the acquisition of Lennar Corporate Center, a four-building office complex located in Miami’s Airport West Office submarket. Naya Umi LLC, a partnership between Naya USA led by Yoav Merary, and Coast Capital Partners, led by Guy Sharon, acquired the approximately 290,000-square-foot property […]
Read MoreLAS VEGAS – October 5, 2017 – Berkadia today announced the $15 million sale of Desert Palms Apartment Home, a 248-unit multifamily community located in North Las Vegas. Senior Directors Angela Powers and Brian Anderson closed the sale on behalf of the seller, Desert Palms LP, a Nevada limited partnership and the buyer, Westland Hacienda […]
Read MorePHOENIX – October 5, 2017 – Berkadia today announced the $26.5 million mortgage financing for a portfolio of hotel properties, including the Springhill Suites San Antonio, the Hotel Indigo Atlanta and the Courtyard Jacksonville. Director Adrienne Kautzman of Berkadia’s Phoenix office originated the refinancing loan on behalf of Condor Hospitality Trust, Inc., a hotel-focused real […]
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