Finance
Merrill Gardens Rancho Cucamonga Obtains $31MM Refinance
SEATTLE, WASHINGTON (March 26, 2021) – Stuart Oswald, senior vice president/managing director of NorthMarq’s Seattle office, and Gordon Mickelson, senior director-debt and equity...
Henry Mayo Newhall Hospital in Santa Clarita Obtains $109.7MM Bond Financing for 357-Bed Hospital
CHICAGO, IL – MARCH 12, 2021 – Ziegler, a specialty investment bank, is pleased to announce the successful closing of the Henry Mayo Newhall Hospital (“Henry Mayo” or the “Hospital”) $109,690,000...
Waterford & CSCDA Acquire Oceanaire Apartments in Long Beach for $120MM
Newport Beach, CA (March 30, 2021) – A partnership of Waterford Property Company, a diversified real estate investment and development company, and the California...
$35MM in Construction-to-Permanent Financing Secured for The 1860 Apartments in LA’s Los Feliz Submarket
The Five-Story, 87-Unit Development Set to Deliver by Year End 2022 Los Angeles, Calif. (March 30, 2021) – Gantry, the largest independent commercial mortgage banking...
Multi-Tenant Office Building in Scripps Ranch Sells for $3.15MM
(EDITOR’S NOTE: The transaction came out to just under $184 per square foot.) San Diego – CBRE announced that a private, 1031 exchange buyer...
LA’s Koreatown Redevelopment Opportunity Sells for $2.9MM
JLL Capital Markets closed the $2.9 million sale of a covered land play with an existing storefront retail building in Koreatown NEWPORT BEACH,...
Intercontinental Real Estate Corp. Enters Los Angeles Industrial Market with $74MM Acquisition in Chatsworth
(EDITOR’S NOTE: According to public documents, the sale closed for $74 million, or just over $333 per square foot. The seller of the...
Thorofare Capital Closes $21.5MM Construction Loan for Van Nuys, California Self-Storage Facility
LOS ANGELES, March 25, 2021 — Thorofare Capital, Inc. (“Thorofare”), a nationwide commercial real estate lender and affiliate of alternative investment manager Thorofare...
LaSalle Investment Mgmt. Spends $74.4MM for Medical Office Building in Beverly Hills
Los Angeles, CA (March 25, 2021) — Newmark announces the $74.4 million ($1,496 per square foot) sale of a five-story medical office building located...
Penwood Raises $382MM for New Industrial Fund with Southern California One of Two Targeted Regions
By Jon Peterson West Hartford, Conn.-based Penwood Real Estate Investment Management continues to have its eye on the Southern California market. The firm just...
Simi Valley Industrial Property Sells for $5.9MM
Stan Johnson Company, one of commercial real estate’s leading investment sales brokerage firms, has completed a sale leaseback transaction for a two-story, Class...
Macerich Obtains $950MM Liquidity Position through Sale, Stock Offering and Credit Facility
SANTA MONICA, Calif., March 26, 2021 — Today, the Macerich Company (NYSE: MAC, the “Company”) announced certain major capital events and other updates. Through March 25,...
