Property Type

Fantini & Gorga Arranges $2.5M Refinancing Loan for Retail Center in Brookline, Mass.

by Haisten Willis May 1, 2017

BROOKLINE, MASS. — Fantini & Gorga has arranged $2.5 million in first mortgage financing for a 7,700-square-foot retail center located at 1427-1431 and 1441 Beacon St. in Brookline. A former Massachusetts resident who has relocated to California was the borrower. The retail property is 100 percent occupied and anchored by East Boston Savings Bank. Fantini & Gorga’s Derek Coulombe and Chris Miller arranged the refinancing on behalf of the borrower. The loan was placed with a Massachusetts-based financial institution.

May 1, 2017

Multifamily Student Housing Texas

Arrimus Capital Acquires 465-Bed Student Housing Property in Houston

by Taylor Williams May 1, 2017

HOUSTON — Arrimus Capital, a California-based private equity firm, has acquired Campus Vue, a 465-bed, Class A student housing property located at 4459 N. MacGregor Way near the University of Houston. Fountain Residential Properties sold the asset, which consists of 145 units across two five-story buildings. Amenities of the property, which was 96 percent occupied at the time of sale, include a resort-style pool, study lounges and a game room. With this transaction, Arrimus has now acquired more than $100 million in student housing properties over the last 90 days.

May 1, 2017

Northeast Pennsylvania Retail

Orchestra Premaman to Open First U.S. Store in King of Prussia, Pa.

by Haisten Willis May 1, 2017

KING OF PRUSSIA, PA. — CBRE has arranged a 4,405-square-foot lease for Orchestra Premaman at the King of Prussia Mall near Philadelphia. The store will be the first U.S. location for the French retailer. Orchestra Premaman, a children’s fashion and apparel store, operates more than 700 stores in 40 countries worldwide. The company opened its first location in 1995. CBRE’s John Krause and Matt Mandel assisted Orchestra in its overall market analysis, site selection process and negotiated on the company’s behalf. The store is scheduled to open May 15.

May 1, 2017

California Healthcare Loans Western

Sims Mortgage Funding Closes $30.1M Loan to Expand Parkview Community Hospital in Riverside

by Jeff Shaw May 1, 2017

RIVERSIDE, CALIF. — Sims Mortgage Funding has closed a $30.1 million loan for Parkview Community Hospital in Riverside. The hospital is located at 3865 Jackson St. The loan will finance the expansion of Parkview’s emergency department. The loan was insured under the HUD Section 242/241 program.

May 1, 2017

Industrial Washington Western

Terreno Realty Corp. Purchases Industrial Building in Seattle for $5.9M

by Jeff Shaw May 1, 2017

SEATTLE — Terreno Realty Corp. has purchased a 35,000-square-foot industrial building in Seattle for $5.9 million. The building is located at 25-29 S. Hanford St. It is 72 percent leased to two tenants. It is situated on 1.1 acres within the SoDo district, adjacent to the port. Terreno Realty Corp. acquires, owns and operates industrial real estate in six major coastal U.S. markets.

May 1, 2017

Loans Multifamily Texas

Q10 KDH Secures $5.7M in Financing for Apartment Complex Near Texas A&M

by Taylor Williams May 1, 2017

COLLEGE STATION, TEXAS — Houston-based lender Q10 KDH has secured $5.7 million in financing for Cedar Ridge Apartments, a 166-unit multifamily property located less than one mile from Texas A&M University in College Station. The loan features a 20-year term, 20-year amortization schedule and an interest rate of roughly 4 percent. Amenities at the property include two pools, a basketball court, a community garden and a shuttle that runs to and from the property and the university. The planned use of the capital was not disclosed.

May 1, 2017

Restaurant Retail Texas

Mesero, Orangetheory to Open Locations in Victory Park in Downtown Dallas

by Taylor Williams May 1, 2017

DALLAS — Mexican restaurant Mesero and gym chain Orangetheory Fitness will both open locations within the next 12 months in Victory Park, a 75-acre, mixed-use development in downtown Dallas. Both locations will be housed within a new building at Victory Park Lane and High Market Street, construction of which is near completion. The building will also house a Cinepolis Luxury Cinemas, 20,000 square feet of new retail space and The23, a 285-unit apartment community

May 1, 2017

Industrial Oklahoma

CBRE Negotiates 11,700 SF Industrial Lease in Oklahoma City

by Taylor Williams May 1, 2017

OKLAHOMA CITY — CBRE has negotiated an 11,700-square-foot industrial lease at 3201 Cooke Way in Oklahoma City. Jason Hammock, Caitlin Mazaheri and John Lenochan of CBRE represented the landlord, Admiral Square Inc., in the transaction. Allan Meadors of Cushman & Wakefield represented the tenant, Atlas Brands LLC, a New York-based marketing firm.

May 1, 2017

Loans Midwest Multifamily Ohio

RED Provides $37.7M Construction Loan for Multifamily Property in Suburban Columbus, Ohio

by Kristin Harlow May 1, 2017

NEW ALBANY, OHIO — RED Capital Partners has provided a $37.7 million loan for the construction of HQ Flats in New Albany, a northeast suburb of Columbus. CASTO is developing the 336-unit multifamily property, which will be located near the Hamilton Road and State Route 161 interchange. Terms of the non-recourse loan were not disclosed.

May 1, 2017

Illinois Midwest Retail

SVN Arranges $10.5M Sale of Retail Portfolio in Naperville, Illinois

by Kristin Harlow May 1, 2017

NAPERVILLE, ILL. — SVN | Chicago Commercial has arranged the sale of four retail buildings in downtown Naperville for $10.5 million. The buildings total 15,412 square feet and are located at 19-27 W. Jefferson Ave. Tenants at the buildings include Lululemon, Jimmy John’s, Adagio Teas, Francesca’s Collection and Cold Stone Creamery. Tim Franz of SVN represented the buyer, Jefferson Naperville LLC. The seller was not disclosed.

May 1, 2017

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