LINCOLN, NEB. — Bellwether Enterprise Real Estate Capital LLC has arranged a $43 million acquisition loan and a $12.8 million equity placement for Links at Lincoln in Nebraska. The 612-unit workforce housing property is situated on 100 acres. Residents have access to the onsite nine-hole golf course. Other amenities include a fitness center, tennis court, playground, hot tub and tanning rooms. Phil Melton and John Roberts of Bellwether Enterprise arranged the $43 million Freddie Mac loan. Todd Johnson of Bellwether Enterprise arranged the $12.8 million equity investment.
OMAHA — NorthMarq Capital has arranged a $31 million loan for the refinancing of Park 120 in Omaha. The apartment property features 282 units. Josh Larsen of NorthMarq arranged the 12-year loan, which features a 30-year amortization schedule. A life insurance company provided the loan.
OMAHA — Darland Construction Co. has completed the new corporate headquarters and dealership for Truck Center Cos. in Omaha. The 180,000-square-foot property is located on a 26-acre site at the corner of I-80 and Highway 50. The two-building project features a full-service body shop, 60 service bays, an on-site diesel tech training center and a 34,000-square-foot parts warehouse. Darland completed the project more than two months ahead of schedule. Schemmer was the project architect.
OMAHA — NorthMarq Capital has arranged a $1.8 million loan for the acquisition of Colonial Park Apartments in Omaha. The 42-unit apartment property is located at 3084 S. 40th St. Josh Larsen of NorthMarq arranged the loan with Readycap Commercial LLC via the Freddie Mac small balance loan program. The 10-year loan features a 30-year amortization schedule.
The national love affair with the multifamily sector may be starting to cool, but the Omaha market is just coming of age and heating up. “Overall, it was a strong third quarter, which was a nice surprise,”said Michael Cohen, CoStar Group director of advisory services, during his State of the Multifamily Market Third Quarter Review and Outlook on Nov. 1. “We’re still in the golden age for multifamily, but we’re seeing signs of a gradual slowdown in the apartment market.” Trendy new apartment towers and historic building conversions in downtown Omaha are all the rage — like most markets — but under the radar the entire Omaha metro is experiencing a significant boom in apartment development and sales. And why not? What’s not to like about Omaha? We are the non-threatening little brother of the Midwest that everyone likes, but never thought of in that way. But something has changed and Omaha is catching the attention of players that would have traditionally overlooked our strong fundamentals. Omaha has a diversified and stable economy fortified by nine Fortune 1000 companies, including Berkshire Hathaway, Union Pacific Railroad, Mutual of Omaha and TD Ameritrade, as well as a burgeoning innovation scene and a …
OMAHA, NEB. — Cushman & Wakefield/The Lund Co. has brokered the sale of a 295-unit multifamily portfolio in metro Omaha for $19.9 million. Fireside Village is a 180-unit property located at 8214 Wilson Drive in Ralston. Chateau Apartments is a 115-unit property located at 401 Cheateau Drive in Bellevue. Although the portfolio was marketed as a whole, two separate buyers purchased the buildings. Vukota Capital purchased Fireside Village, while Strategic Funding Partnership acquired Chateau Apartments. Scott Koethe of Cushman & Wakefield/The Lund Co. represented the seller, Hudson Equities Management Corp.
OMAHA, NEB. — NorthMarq Capital has arranged a $24.4 million Freddie Mac loan for the refinancing of Broadmoor Hills Phase III in Omaha. The 192-unit apartment building is located at 18440 West Dodge Hills Plaza. Community amenities include a fitness center, pool, indoor basketball court and resident movie theater. Jason Kinnison of NorthMarq arranged the loan for the borrower through its seller/servicer relationship with Freddie Mac.
OMAHA, NEB. — NorthMarq Capital has arranged a $32 million Freddie Mac loan for the refinancing of Broadmoor at Aksarben Village in Omaha. The 258-unit apartment property is located at 2225 South 64th Plaza. Amenities include a fitness center, movie theater, business center, clubhouse and resort-style pools. Jason Kinnison of NorthMarq arranged the loan.
OMAHA, NEB. — Prime Time Healthcare LLC has signed a 27,810-square-foot office lease in Omaha. The property is located at 15380 Weir St. Luke Wertz of Cresa Omaha represented the staffing agency for the healthcare industry in the lease transaction. Walnut Grove Plaza LLC is the property landlord.
GRANT, NEB. — Darland has completed a three-year expansion and remodeling project at Perkins County Health Services in Grant in central western Nebraska. The 51,000-square-foot project included a 28,884-square-foot addition to expand services provided by the hospital. The two-story addition includes 20 patient rooms with dedicated spaces for labor and delivery; isolation and intensive care; an endoscopy suite; and a new emergency department with drive-up entrance. A new physical therapy area, cardio rehab center, conference room and IT office space are located in the lower level. Renovations to the existing hospital included a new laboratory, administration area, two updated operating rooms and a specialty clinic. The entire hospital also underwent a full mechanical upgrade. Avant Architects provided architectural services.