Monday, June 29, 2026
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ColoradoLoansMultifamilyOregonWestern

BWE Arranges $260M Loan for Refinancing of National Multifamily Portfolio

by Kristin Harlow

DENVER AND BEAVERTON, ORE. — BWE, the commercial finance firm formerly known as Bellwether Enterprise Real Estate Capital, has arranged a $260 million loan for the refinancing of a national portfolio of six multifamily properties totaling roughly 1,500 units. Two of the properties — Hartley Flats and Studio LoHi — are located in Denver, and a third, Victory Flats, is located in Beaverton, Ore. The other properties in the portfolio are in Austin and Charlotte. All properties were constructed within the past decade, and the portfolio had an occupancy rate of approximately 95 percent at the time of the loan closing. Northwestern Mutual provided the five-year loan, which was structured with a 5.07 percent interest rate, full-term interest-only payments and a 55 percent loan-to-value ratio. The borrower was not disclosed.

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299-Franklin-St-Redwood-City-CA
AcquisitionsCaliforniaLoansMultifamilyWestern

Walker & Dunlop Secures $113M Acquisition Financing for Bay Area Multifamily Community

by Amy Works

REDWOOD CITY, CALIF. — Walker & Dunlop has secured $113 million in financing on behalf of Acacia Capital for the acquisition of 299 Franklin, a Class A multifamily property located at 299 Franklin St. in Redwood City. Jeff Burns, Chris Botsford, Rene Alvarez, Jeff Conahan and Matt DeMarche of Walker & Dunlop Multifamily Finance team arranged the financing. Built in 2013, 299 Franklin offers 304 market-rate studio, one- and two-bedroom apartments, including 11 direct-access townhomes, with an average unit size of 845 square feet. Community amenities include a rooftop deck, fitness center, swimming pool and spa deck, business and resident lounges, bicycle parking and electric vehicle charging stations.

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Patterson Commerce Center
CaliforniaDevelopmentIndustrialWestern

Rockefeller Group Completes 259,951 SF Distribution Center in Perris, California

by Amy Works

PERRIS, CALIF. — Rockefeller Group has completed the construction of Patterson Commerce Center, a distribution facility on 14 acres in Perris. The project team included HPA Architects, Huitt-Zollars as engineer and RM Dalton as general contractor. Located on Patterson Avenue and Nance Street, the 259,951-square-foot center offers a clear height of 36 feet, 56-foot by 60-foot column spacing and 145 parking spaces and 59 truck trailer stalls over a 185-foot by 240-foot concrete truck court. Joe McKay, Michael McKay and Michael Fine of Lee & Associates are handling marketing for the property.

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University-Hills-Denver-CO
AcquisitionsColoradoLoansRetailWestern

KPR Centers Receives $33.9M in Financing to Acquire University Hills Retail Center in Denver

by Amy Works

DENVER — KPR Centers has received $33.9 million in financing for the acquisition of University Hills, a grocery-anchored shopping center in Denver. The name of the seller and final sales price were not released. Sunny Sajnani and Travis Headapohl of Institutional Property Advisors (IPA) Capital Markets arranged the five-year life company financing, which includes fixed-rate, full-term interest-only payments and prepayment open at par for the last year. Tom Lagos of IPA retail investment sales procured the buyer in the sales transaction. At the time of sale, University Hills was fully occupied. Tenants include King Soopers, Michaels, Marshalls, Office Depot and Ulta.

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LoansMultifamilyStudent HousingTexas

Colliers Mortgage Arranges $34.6M Acquisition Loan for Student Housing Property Near University of Texas at Tyler

by Taylor Williams

TYLER, TEXAS — Colliers Mortgage has arranged a $34.6 million acquisition loan for The Foundry, a 675-bed student housing property that serves the University of Texas at Tyler, located about 120 miles east of Dallas. The Foundry is located across the street from campus and offers amenities such as a pool, clubhouse, game room, fitness center, outdoor picnic and grilling areas and a sand volleyball court. Greg Young of Colliers Mortgage originated the debt, which includes proceeds for capital improvements.  The borrower and direct lender were not disclosed.

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1743-Creekside-Dr-Folsom-CA
AcquisitionsCaliforniaHealthcareOfficeWestern

CBRE Negotiates $7.5M Sale of Medical Office Building in Folsom, California

by Amy Works

FOLSOM, CALIF. — CBRE has brokered the sale of a medical office building located at 1743 Creekside Drive in Folsom. A private seller sold the asset to an undisclosed buyer for $7.5 million. At the time of sale, the 20,086-square-foot property was fully leased. Tenants include CGT Global, Folsom Orthopedic Surgery and Sports Medicine and Hanger Prosthetics & Orthotics West. The building is situated within the nine-building Willow Creek Medical Office Park, which is adjacent to Dignity Health Hospital. Matt Post, Sammy Cemo and Antony DeLorenzo of CBRE represented the seller in the deal.

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AcquisitionsHealthcareTexas

MedProperties Buys 44,659 SF Medical Office Building in Cypress, Texas

by Taylor Williams

CYPRESS, TEXAS — MedProperties, a Dallas-based healthcare real estate private equity firm, has purchased a 44,659-square-foot medical office building in the northwestern Houston suburb of Cypress. Completed in 2024, the building was fully leased at the time of sale to Memorial Hermann Health System and Athlete Training + Health. Capital One and Siemens Financial Services provided acquisition financing for the deal. The seller and sales price were not disclosed.

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IllinoisLoansMidwestOffice

JLL Arranges $32M Loan for Refinancing of 15-Story Office Building in Chicago

by Kristin Harlow

CHICAGO — JLL Capital Markets has arranged a $32 million loan for the refinancing of 609 West Randolph, a 15-story boutique office building totaling 95,000 square feet in Chicago. Completed in 2022, the property features touchless technology, cutting edge building systems and flexible floor plates ranging from 5,500 to 7,100 square feet. Amenities include a penthouse lounge and conference room; green rooftop space and amenity terrace; offices with private outdoor terraces; and a lobby design inspired by boutique hotels. The asset is 93.5 percent leased to 10 tenants, including Fetch Rewards, Buford Capital and NTT Data. Christopher Knight, Matt Maksymec and Katia Novi of JLL represented the borrower, Vista Property. JP Morgan Chase & Co. provided the five-year loan, which features a fixed interest rate of 7.23 percent.

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AcquisitionsIndustrialMidwestMinnesota

IRG Acquires 965,134 SF Industrial Portfolio in Central Minnesota

by Kristin Harlow

ST. CLOUD, MINN. — Industrial Realty Group LLC (IRG) has acquired a 965,134-square-foot industrial portfolio in central Minnesota’s St. Cloud for an undisclosed price. The eight buildings are part of the St. Cloud Industrial Park and served as the longtime home to the fulfillment operation of Publisher’s Clearinghouse (PCH). IRG intends to redevelop and lease the buildings as PCH vacates in the near future. IRG owns approximately 4.8 million square feet of space in Minnesota.

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AcquisitionsIllinoisMidwestRetail

Quantum Brokers $3.9M Sale of Shopping Center in Buffalo Grove, Illinois

by Kristin Harlow

BUFFALO GROVE, ILL. — Quantum Real Estate Advisors Inc. has brokered the $3.9 million sale of a roughly 94,000-square-foot shopping center in the Chicago suburb of Buffalo Grove. At the time of sale, the property on West Dundee Road was 51 percent leased to tenants such as Aldi, Dollar Tree and AutoZone. Brett Berlin of Quantum represented the buyer, a private developer based in Illinois that plans to redevelop the center. The previous owner lost the asset to its lender.

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