Wednesday, August 13, 2025
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Koz-Lower-Queen-Anne-Seattle-WA
Affordable HousingDevelopmentLoansMultifamilyWashingtonWestern

Kōz Development Receives $48M Financing for Workforce Housing Development in Seattle

by Amy Works

SEATTLE —  Kōz Development, a Washington-based, women-led development firm, has closed on $48 million in financing for the development of Kōz in Lower Queen Anne, a multifamily property located at the corner of W. Republican St. and 3rd Ave. in Seattle’s Queen Anne neighborhood. The financing includes an equity investment from MSquared, a women-owned real estate development and investment platform, and a construction loan from Goldman Sachs. The project will feature 169 units available to households at a range of income levels. Sixty-nine units will be affordable to households earning up to 80 percent of the area median income (AMI). An additional 17 units will be restricted through the Mandatory Housing Affordability Program for 75 years and will be deeply affordable to households earning between 40 percent and 60 percent of AMI. The remaining units will have rents attainable at workforce levels. Snohomish County-based Kirtley-Cole Associates is serving as general contractor for Kōz in Lower Queen Anne, which will be built to Washington’s Built Green standards, which approximates a LEED Silver level of sustainability. Financing sources include a $26.1 million construction loan from the Urban Investment Group at Goldman Sachs Alternatives and a $9.7 million equity investment by MSquared. Cushman …

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75-Jackson-Road-Devens-Massachusetts
DevelopmentIndustrialLife SciencesLoansMassachusettsNortheast

King Street Receives Construction Financing for 210,000 SF Manufacturing Project in Metro Boston

by Taylor Williams

DEVENS, MASS. — Locally based developer King Street Properties has received an undisclosed amount of construction financing for a 210,000-square-foot advanced manufacturing project that will be located in the northwestern Boston suburb of Devens. The building at 75 Jackson Road will be the fourth such structure on the 700,000-square-foot Pathway Devens campus. Preliminary sitework is underway, and completion is slated for the third quarter of 2025. First Citizens Bank and Berkshire Bank provided the financing. The project team includes general contractor BW Kennedy, Vivo Architecture and Highpoint Engineering.

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FloridaLoansMultifamilySeniors HousingSoutheast

Aztec Group Arranges $55.6M Financing for Active Adult Community in Palm Beach Gardens, Florida

by John Nelson

PALM BEACH GARDENS, FLA. — Aztec Group has arranged $55.6 million in bridge financing for Arcadia Gardens, an active adult community located in Palm Beach Gardens. MetLife provided the loan to the borrowers, affiliates of the United Group of Cos. and Sina Cos. United Group also manages the property, which was developed in 2021. Situated on 10.6 acres, the age-restricted apartment community comprises 220 units reserved for residents age 55 and older. Amenities at Arcadia Gardens include a fitness center, salon, movie theater, swimming pool, spa, community garden, walking trail, onsite dining facilities and pickleball, bocce and croquet courts.

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DevelopmentLoansRetailSouth CarolinaSoutheast

CBRE Secures $30.9M Construction Loan for Publix-Anchored Shopping Center in Metro Charleston

by John Nelson

GOOSE CREEK, S.C. — CBRE has secured a $30.9 million loan for the construction of The Marketplace at Carnes Crossroads, a Publix-anchored shopping center underway in Goose Creek, roughly 15 miles outside Charleston. Richard Henry, Mike Ryan, Brian Linnihan and Taylor Crowder of CBRE arranged the financing on behalf of the borrower, Columbia Properties, through a regional bank. Worthen Development is a partner in the project. Upon completion, the center will comprise 82,622 square feet across three buildings and nine land parcels situated on 24.5 acres. Site work for the development has begun, with vertical construction scheduled to begin soon.

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1000-E-La-Palma-Ave-Anaheim-CA
CaliforniaLoansMultifamilyWestern

Gantry Arranges $4.3M Refinancing for Parkside La Palma Apartments in Anaheim, California

by Amy Works

ANAHEIM, CALIF. — Gantry has secured a $4.3 million permanent loan to refinance Parkside La Palma Apartments, a garden-style multifamily community in Anaheim. Located at 1000 E. La Palma Ave., Parkside La Palma features 79 studio, one- and two-bedroom floor plans. Originally built in 1973, the community offers modern unit interiors, a community pool, onsite laundry, children’s playground and landscaping. George Mitsanas, Stefan Malmlund and Keegan Bridges of Gantry’s Los Angeles and Irvine offices represented the borrower, a private real estate investor. One of Gantry’s correspondent life company lenders provided the 10-year loan, which features a 20-year amortization and prepayment options. Gantry will service the loan.

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The-Ivy-Chatham-New-Jersey
LoansMultifamilyNew JerseyNortheast

Northwestern Mutual Provides $103M Loan for Refinancing of Northern New Jersey Apartment Building

by Taylor Williams

CHATHAM, N.J. — Northwestern Mutual has provided a $103 million loan for the refinancing of The Ivy, a 245-unit apartment building located in the Northern New Jersey community of Chatham. The newly constructed building offers one-, two- and three-bedroom units with an average size of 1,158 square feet. Amenities include a pool, outdoor lounge, multipurpose lawn, media screening room, private BBQ and dining areas, a fitness center, multiple social lounges, coworking lounges with private offices, sports simulators, a kids’ playroom and a dog run. Michael Klein, Thomas Didio Jr. and Ryan Carroll of JLL arranged the 10-year, fixed-rate loan on behalf of the borrower, locally based developer BNE Real Estate Group.

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AcquisitionsIndustrialLoansNew JerseyNortheast

Cushman & Wakefield Arranges $22.5M Acquisition Loan for Northern New Jersey Industrial Portfolio

by Taylor Williams

PATERSON, N.J. — Cushman & Wakefield has arranged a $22.5 million acquisition loan for a portfolio of two industrial properties totaling 192,000 square feet in the Northern New Jersey community of Paterson. The portfolio, which consists of a 102,000-square-foot building and a 90,000-square-foot building, features 26 dock-high doors, four drive-in doors, clear heights of 22 feet and 64 car parking spaces. GID Credit provided the loan to Eagle Cliff Real Estate Partners. John Alascio, Chuck Kohaut, T.J. Sullivan and Jason Blankfein of Cushman & Wakefield originated the debt. The firm also represented the seller, Boston-based investment firm Marcus Partners, in the disposition of the portfolio, which was fully leased at the time of sale.

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IndustrialLoansNorth CarolinaSoutheast

KBS Obtains $38.4M Loan for Refinancing of Crossroads Distribution Center in Charlotte

by John Nelson

CHARLOTTE, N.C. — KBS has obtained a $38.4 million loan for the refinancing of Crossroads Distribution Center, a four-building industrial property in Charlotte spanning nearly 500,000 square feet. The park was developed between 1998 and 2007 along Granite Street. The property features 24- to 30-foot clear heights, 50-foot concrete aprons and truck courts that range from 110 to 140 feet, as well as a fitness center, tenant lounge, onsite car wash/detail and proximity to public transportation. Joe Donato led the Newmark team that arranged the financing on behalf of KBS. The direct lender was not disclosed.

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1784-Holdings-Hawthorne-CA
CaliforniaIndustrialLoansSelf-StorageWestern

Talonvest Capital Arranges $36.8M Bridge Loan for a Self-Storage Facility in Hawthorne, California

by Amy Works

HAWTHORNE, CALIF. — Talonvest Capital has closed a $36.8 million bridge loan for a self-storage facility in Hawthorne, in the South Bay region of metro Los Angeles. The borrower is 1784 Holdings. The nonrecourse bridge loan includes a three-year term with two extension options and full-term interest-only payments. The financing was funded by a unique lending program. Jim Davies, Britt Taylor Mason Brusseau, Tom Sherlock and Lauren Maehler of Talonvest represented the borrower.

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Southwire-AllianceTexas-Fort-Worth
IndustrialLoansTexas

JLL Arranges Refinancing of 1.2 MSF Industrial Building at AllianceTexas in North Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — JLL has arranged a loan of an undisclosed amount for the refinancing of a 1.2 million-square-foot industrial building at AllianceTexas in North Fort Worth. Alliance Westport 25 was originally launched as a 1 million-square-foot speculative building in August 2022 and was subsequently expanded to meet the needs of the tenant, Georgia-based wire and cable manufacturer Southwire. The developer, Hillwood, completed the property, which features 40-foot clear heights, 188 dock doors and four drive-in doors, in April. Trey Morsbach, D.J. Meagher, Ryan Pollack and Chad Lisbeth of JLL arranged the debt on behalf of Hillwood. The direct lender was an undisclosed life insurance company.

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