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October 18, 2017

Berkadia Completes $33 Million Sale of Multifamily Portfolio in Southern California’s Inland Empire

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 […]

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October 16, 2017

Berkadia Secures More Than $46 Million in Financing for Co-Op Building in Washington, D.C.

WASHINGTON, 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 […]

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October 13, 2017

Berkadia to Secure Financing for Mixed-Use Project in Downtown San Diego

San 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 […]

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October 12, 2017

Berkadia Secures $12,125,000 for Costa Mesa Self-Storage Facility

Irvine, 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 […]

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October 10, 2017

Berkadia’s HUD Team Sees Banner Production During HUD’s Fiscal Year ’17

Group 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 […]

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October 10, 2017

Berkadia Arranges over $50M in Financing for Off-Market Acquisition of Two Multifamily Properties in Knoxville, TN

Berkadia 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 […]

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October 6, 2017

Berkadia Arranges $28.6M Acquisition Loan for Lennar HQ in Doral

MIAMI (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 […]

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October 5, 2017

Berkadia Closes More Than $15 Million for Multifamily Property

LAS 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 […]

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October 5, 2017

Berkadia Secures More Than $26 Million in Financing for Multi-State Hotel Deal

PHOENIX – 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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