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October 9, 2018

Berkadia Hotels and Hospitality Group Secures $56 Million in Financing for Premier Mixed-Use Development in Naperville, Illinois

CHICAGO – October 9, 2018 – Berkadia’s Hotels & Hospitality group announced today the $56 million financing of the Water Street District, a mixed-use development along the Naperville Riverwalk in Naperville, Illinois. The Hotels & Hospitality group secured the refinancing loan on behalf of Marquette Companies through Voya Financial. The transaction closed on August 30. […]

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October 9, 2018

Berkadia Secures $37.9 Million Construction Loan for Cleveland Mixed-Use Property

Berkadia Provides $37 Million in Financing for Cleveland Redevelopment | REJournals  Cleveland Continues Transforming Into Residential Hub | GlobeSt.com Downtown Cleveland Redevelopment Receives $40M Loan | Multi-Housing News  CLEVELAND – October 9, 2018 – Berkadia today announced the $37.9 million financing of The Euclid Grand, a mixed-use historic redevelopment in downtown Cleveland that will feature […]

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October 1, 2018

Berkadia Secures $36 Million in Financing for Virginia Multifamily Property

Berkadia Secures $36M in Construction Financing for Multifamily Property Near Richmond | REBusiness Online RICHMOND, Va. – October 1, 2018 – Berkadia today announced $36 million in financing for Westchester Apartments, a 238-unit garden-style multifamily property in development in Midlothian, Virginia. Senior Director Costa Canavos and Director Amy Gay of the Richmond, Virginia office secured […]

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September 26, 2018

Berkadia Completes $37.5 Million Sale of Multifamily Property in Mesa, Arizona

PHOENIX – September 27, 2018 – Berkadia announced today the $37.5 million sale of Valencia Crossing, a garden-style multifamily property in Mesa, Arizona. Senior Managing Directors Mark Forrester and Ric Holway and Senior Director Dan Cheyne of Berkadia’s Phoenix office led the sale on behalf of the seller, Western Wealth Capital, based in Vancouver, British […]

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September 26, 2018

Berkadia Arranges $21.75 MM Acquisition Loan for 250-Unit Community in Midland, Texas

Berkadia Arranges $22M Acquisition Loan for TX Community | Multi-Housing News  Rents and Demand are on Rising Trajectory in Midland | GlobeSt.com Berkadia Arranges $21.75 Million Acquisition Loan for 250-Unit Apartment Community in Midland, Texas | MultifamilyBiz.com Berkadia Arranges $21.75 Million Acquisition Loan for 250-Unit Apartment Community in Midland, Texas | Multifamily Press $22M Loan Spurs […]

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September 25, 2018

Berkadia Completes $36.28 Million Sale of Los Angeles Multifamily Property

LOS ANGELES and IRVINE, Calif. – September 25, 2018 – Berkadia recently completed the $36.28 million sale of San Pedro Bank Lofts, a loft-style multifamily property in Los Angeles’ San Pedro community. Managing Directors Jeff Rowerdink and Joe Leon of the Irvine, California office, along with Managing Director Jim Fisher and Senior Director Mike Smith […]

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September 20, 2018

Berkadia Completes $19 Million Sale of Student Housing Property in Kalamazoo, Michigan

CHICAGO – September 20, 2018 – Berkadia today announced the $19 million sale of 700 SoHo, a student housing community in Kalamazoo, Michigan near Western Michigan University. Senior Managing Director Kevin Larimer and Director Greg Gonzalez of Berkadia’s Student Housing group completed the sale. The buyer was a Pittsburgh-based real estate company. The deal closed […]

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September 20, 2018

Berkadia Secures $47.9 Million for Multifamily Acquisition in Alexandria, Virginia

Morgan Properties Bags Bennington Crossings in Virginia for $62M | Connect Commercial Real Estate  Morgan Properties Purchases Alexandria Apartments for $62.3 Million | Virginia Business  PHILADELPHIA – September 20, 2017 – Berkadia today announced the $47.9 million financing for the acquisition of Bennington Crossings Apartments, a 308-unit multifamily property in Alexandria, Virginia. Managing Director Jim […]

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September 20, 2018

Berkadia Completes Sale of Multifamily Property in Clearfield, Utah

SALT LAKE CITY– September 19, 2018 – Berkadia today announced the sale of Goldstone Place Apartments, a 228-unit garden-style multifamily property in Clearfield, Utah. Managing Directors James Wadsworth and Greg Barratt of the Salt Lake City office completed the sale on behalf of a California-based seller. The buyer was also based in California, and the […]

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September 19, 2018

Berkadia Completes Sale of 380-Unit Multifamily Property Near Kansas City’s Country Club Plaza to New York Firm, Time Equities Inc.

Berkadia Arranges Sale of 380-Unit Multifamily Property in Kansas City | REBusiness Online  Berkadia Sells 380-Unit Apartment Development in Kansas City | REJournals  CHICAGO and KANSAS CITY, Mo. – September 19, 2018 – Berkadia today announced the sale of Plaza East, a garden- and townhome-style multifamily property in Kansas City, Missouri. Director Brett Meinzer and […]

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