Mixed-Use

EagleBridge Capital Secures $17.8M Construction Loan for Mixed-Use Development in Massachusetts

by David Cohen February 20, 2019

DEDHAM, MASS. — EagleBridge Capital has secured a $17.8 million construction loan for Dior, a four-story, mixed-use development in Dedham. Located at 910-928 Providence Highway, the 46,525-square-foot property consists of 48 one- and two-bedroom residential units as well as 9,700 square feet of street-level retail space. The apartments will feature Energy Star rated stainless steel appliances, drawer microwaves, custom cabinetry and quartz counters. Brian Sheehan and Ted Sidel of EagleBridge secured the financing on behalf of the undisclosed borrower through an undisclosed Massachusetts financial institution. Terms of the financing were not disclosed.

February 20, 2019

Development Massachusetts Mixed-Use Northeast

Nauset Breaks Ground on Mixed-Use Complex in Reading, Massachusetts

by David Cohen February 20, 2019

READING, MASS — Nauset Construction has broken ground on The PostMark, a mixed-use complex in Reading. Located at 136 Haven St., the project will include 50 condominium units and 8,000 square feet of commercial space. The complex will also include a below-grade parking garage and landscaped courtyard. A joint venture between DiBiase Homes and Matrix Property Group are developing the complex. O’Sullivan Architects of Reading served as the architect on the project.

February 20, 2019

Civic Data Centers Finance Insight Healthcare Hospitality Industrial Loans Mixed-Use Multifamily Office Restaurant Retail Self-Storage Seniors Housing Student Housing

Alliant: Communication is a Commodity in Today’s Lending Environment

by Jaime Lackey February 19, 2019

Communication and transparency are always top priorities for commercial lenders and borrowers. Paul Letourneau, manager of commercial lending at Alliant Credit Union, believes these are the true skills lenders should leverage in today’s market. Letourneau knows we’re long in this cycle — and he says that’s not a bad thing. There is still a great need for capital, but with that demand comes the competition among suppliers. This, Letourneau asserts, has caused lenders like credit unions to make sure their relationships with mortgage brokers and sponsors are as strong as possible. The ability to remain competitive while disciplined is no easy task. Letourneau believes this starts with strong communication between all parties. Watch the video for more insights from Letourneau. Alliant Credit Union is a content partner of REBusinessOnline. Click here to view articles written in conjunction with Alliant.

February 19, 2019

Loans Mixed-Use New York Northeast

Madison Realty Capital Provides $14.5M Refinancing for Mixed-Use Property in Brooklyn

by David Cohen February 18, 2019

NEW YORK CITY — Madison Realty Capital (MRC) has provided a $14.5 million loan to refinance a mixed-use property in Brooklyn. Located at 1357 Flatbush Ave., the seven-story, 37,133-square-foot, mixed-use building includes 36 apartment units as well as 7,000 square feet of retail space. Madison Realty Capital provided the financing to Hello Living, a developer and repeat MRC borrower. Terms of the financing were not disclosed.

February 18, 2019

Development Florida Mixed-Use Multifamily Southeast

Bainbridge Cos. Delivers 218-Unit Multifamily Project in Tampa Bay Area

by Alex Tostado February 15, 2019

ST. PETERSBURG, FLA. — Bainbridge Cos. has delivered 930 Central Flats, a 218-unit multifamily complex in St. Petersburg’s Edge District. The Tampa Bay area project also includes underground parking, ground-floor amenities and five stories of apartments. The complex offers studio, one- and two-bedroom floor plans and amenities including a beach-style swimming pool, sun decks, barbecue grills and lounge seating, dog spa, rooftop garden and community dining tables. The site is situated less than a mile from downtown St. Petersburg and Tropicana Field, home of the Tampa Bay Rays.

February 15, 2019

Loans Mixed-Use New York Northeast

AIG Provides $280M Refinancing for Mixed-Use Building in Brooklyn

by David Cohen February 14, 2019

NEW YORK CITY — AIG has provided a $280 million loan to refinance Empire Stores, a newly redeveloped retail and office building in the DUMBO neighborhood of Brooklyn. The six-story property, which is located at 55 Water St., is comprised of 377,929 square feet of office space and 65,082 square feet of ground-floor retail. Aaron Appel, David Sitt, Jonathan Schwartz, Adam Schwartz, Keith Kurland, Jackson Sastri and Eliott Zeitoune of JLL Capital Markets secured the 15-year loan on behalf of the borrowers, Midtown Equities and HK Organization. Terms of the financing were undisclosed.

February 14, 2019

Development Mixed-Use North Carolina Southeast

Joint Venture Announces New Mixed-Use Building in Downtown Durham

by Alex Tostado February 13, 2019

DURHAM, N.C. — A joint venture between Trinity Capital Advisors, Wheelock Street Capital and SLI Capital has announced a mixed-use building in downtown Durham’s Venable Center. Located at 464 Pettigrew St., the Roxboro at Venable Center will feature 202,000 square feet of office and ground-level retail space spanning eight floors, as well as 200 apartment units. Amenities will include a sky deck lounge, fitness center and a conference center. Venable Center is currently an 87,000-square-foot historic and revitalized campus situated at the intersection of South Roxboro and East Pettigrew streets. The campus is home to the headquarters of Precision BioSciences. Brad Corsmeier and John Brewer of CBRE | Raleigh will handle leasing efforts for The Roxboro.

February 13, 2019

Acquisitions California Mixed-Use Multifamily Restaurant Retail Western

Gadsden Growth Properties Buys $240M Mixed-Use Asset in San Francisco Bay Area

by Amy Works February 13, 2019

FREMONT, CALIF. — Gadsden Growth Properties has acquired Mission Hills Square, a mixed-used development in Fremont, for $240 million. Slated for completion in October 2019, Mission Hills Square will feature 158 residential apartments above 53,900 square feet of commercial space, including restaurants, retail and casual eateries. In November 2018, Gadsden Growth Properties signed an agreement to merge with FC Global Realty Inc.

February 13, 2019

California Development Mixed-Use Top Stories Western

Related Cos., CORE USA Break Ground on $1B Mixed-Use Project in Los Angeles

by David Cohen February 13, 2019

LOS ANGELES — Related Cos. and partner CORE USA have broken ground on The Grand, a $1 billion mixed-use development in downtown Los Angeles. Located across the street from the Walt Disney Concert Hall on Grand Avenue, world-renowned architect Frank Gehry designed the project. Upon completion, the property will include more than 176,000 square feet of retail space, an Equinox Hotel and more than 400 residences. The retail portion will include chef-driven restaurants and a collection of shops, as well as a movie theater complex. Approximately 20 percent of the residences will be affordable-rate units. The Grand and the Grand Avenue Redevelopment are the result of a collaborative public-private partnership, guided by the Los Angeles Grand Avenue Authority, a joint organization of the County of Los Angeles, the City of Los Angeles, and the former Community Redevelopment Agency of the City of Los Angeles. It is estimated that The Grand will generate 10,000 new jobs and $397 million in revenues to the City of Los Angeles and $68 million in revenues to the County of Los Angeles over the next 25 years, according to the developers. The development will connect multiple areas of downtown and is organized around several key urban …

February 13, 2019

Acquisitions Connecticut Mixed-Use Northeast

Northeast Private Client Group Brokers $6.4M Sale of Two Mixed-Use Buildings in Connecticut

by David Cohen February 12, 2019

NEW BRITAIN, CONN. — Northeast Private Client Group has brokered the $6.4 million sale of two mixed-use buildings in New Britain. Located at 99 W. Main St. and 160 Main St., the properties consist of a combined nine ground-floor retail suites with 30 residential units on the upper floors. The buildings are located within one block of each other. Rich Edwards and Jeff Wright in the firm’s Shelton office represented the seller, AKK Enterprises, in the transaction. The buyer was Melrose Solomon Enterprises.

February 12, 2019

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