SAN FRANCISCO — BridgeInvest, an investment manager specializing in senior-secured real estate credit, originated an $87.9 million first priority acquisition loan and lease-up of 300 Kansas Street, a six-story Class A research and development property in San Francisco’s Mission bay submarket. Constructed in 2023, the 152,000-square-foot property will continue to be leased and stabilized by the sponsors, Lincoln Property Co. and Sabal Investment Holdings.The loan was originated through BridgeInvest Credit Fund V LP, the firm’s evergreen discretionary fund focusing on first-lien loans across a diversified set of real estate asset types.
BEAVERTON, ORE. — Taylor Morrison has completed the sale of West End District, an apartment community in Beaverton, to Grand Peaks for $85.2 million. Joe Nydahl and Josh McDonald of CBRE represented the seller in the deal. Situated on 13.5 acres at 14700 S.W. Rocket St., West End District features 424 studio, one- and two-bedroom units across 12 four-story residential buildings and 34,000 square feet of ground-floor retail space. The asset was completed in 2021 and 2022.
TUKWILA, WASH. — Sagard Real Estate has purchased 1100 Andover Park West, an industrial asset in Tukwila, approximately 12 miles south of Seattle. Situated on 5.6 acres, the 133,750-square-foot property features a clear height of 24 feet, 16 dock-high loading doors and four points of ingress and egress. At the time of sale, the asset was fully occupied by a national wholesale distributor that has opened at the site for more than 25 years. Sagard Real Estate is a U.S.-based real estate investment advisor and subsidiary of Sagard, a global multi-strategy alternative asset management firm.
GRESHAM, ORE. — HFO Investment Real Estate has arranged the $10 million sale of Applegate Apartments, a multifamily community at 17726 S.E. Division St. in Gresham. Greg Frick, Jack Stephens and Yuriy Chubok of HFO represented the buyer and seller, both private local investors, in the transaction. Built in 1979 on 3.1 acres, Applegate is comprised of 12 two-story buildings offering a total of 78 one-, two- and three-bedroom units, with an average unit of 809 square feet. All units include in-unit laundry hookups, and recent capital improvements include new siding, a new roof and windows.
CHINO HILLS, CALIF. — Waterton has purchased Reserve at Chino Hills, a multifamily property in Chino Hills. Terms of the transaction were not disclosed. Situated on 20 acres at 4200 Village Drive, the garden-style community features 46 residential buildings and a clubhouse. Reserve at Chino Hills, built in 1987, offers 482 studio, one- and two-bedroom floor plans with in-unit washers/dryers and private patios and balconies. The property’s townhomes component, which was built in 2024, offers residents three-bedroom configurations. Community amenities include three outdoor pools, three hot tubs, an outdoor lounge area with a fireplace and TV, a grilling and picnic area, a dog park and playground. The clubhouse, built in 2018, includes a fitness center, children’s room, well-appointed lounge, game room and coworking spaces. Waterton plans to renovate the residences to a modern finish level with new flooring, stainless steel appliances, quartz countertops, cabinet upgrades, lighting and plumbing fixtures, hardware and backsplashes. Additionally, Waterton plans to refresh fixtures and furnishings while contemplating a reconfiguration of underutilized spaces to maximize the resident experience.
PHOENIX — Foundation 8 has received a $44.5 million loan secured by the office component of 333 N. Central Avenue, a mixed-use tower in downtown Phoenix. Hilco Group Real Estate Capital structured the first mortgage financing to refinance existing acquisition financing and provide additional capital to support leasing costs, tenant improvements, capital improvements and other costs associated with the execution of Foundation 8’s business plan. New York-based Sterling Realty Capital acted as debt placement agent and financing advisor to Foundation 8 in connection with the transaction. Adi Bedi of Sterling Realty Capital led the financing assignment and worked closely with Foundation 8 and the Hilco Global practice throughout the structuring, underwriting and closing process. Built in 2010, the property comprises 246,490 square feet of office space across the top eight floors of the tower, 2,522 square feet of ground-floor retail space, rooftop amenity rights and shared access to the building’s parking structure. A separately owned 242-key Westin Hotel occupies the middle portion of the building. The financing will support the repositioning of the office space from a historically single-tenant corporate headquarters into a multi-tenant office property. Foundation 8 purchased the office component in December 2025. Originally purpose-built for Freeport-McMoRan, the …
SANTA CRUZ, CALIF. — MidPen Housing has completed and opened Jessie Street Terrace, an affordable housing redevelopment in Santa Cruz. Formerly a 14-room hotel, Jessie Street is now comprised of 50 studio and one-bedroom permanent supportive housing units reserved for tenants earning between 20 and 50 percent of the area median income. About half of the apartments are reserved for veterans, while others are set aside for people who have previously experienced homelessness. MidPen Property Management manages the asset. Through partnerships with Palo Alto Veterans Affairs and the County of Santa Cruz Health Services Agency, residents have access to on-site services, programs and case management. The architect was The Paul Davis Partnership, and the builder was Devcon Construction.
PROVO, UTAH — PSRS has arranged $6.3 million in refinancing for a self-storage facility in Provo. The 130,510 rentable square-foot property offers 725 self-storage units that were 65 percent occupied at the time of refinancing. William DeFanti of PSRS secured the financing, which delivers significant cash-out proceeds alongside a 30-year amortization schedule. The borrower was undisclosed.
FLAGSTAFF, ARIZ. — TSB Capital Advisors has secured a refinancing for Commons at Sawmill, a 448-bed student housing community located near the Northern Arizona University campus in Flagstaff. TSB placed a floating-rate loan through Old National Bank on behalf of the borrower, a joint venture between Coastal Ridge Real Estate and Real Estate at Goldman Sachs Alternatives. Delivered in 1992 and renovated in 2023, the community offers 194 units in a mix of studio, two- and four-bedroom configurations. Shared amenities include a clubhouse, fitness center, study lounge, conference space and an outdoor courtyard with grilling stations.
LAS VEGAS — BWE has secured $71 million for the acquisition of 536 multifamily units in Las Vegas. Jake Roberts of BWE originated the financing on behalf of a high-net-worth family real estate office and a longtime client of BWE. The loan, which was sourced by BWE through its position as a direct Freddie Mac servicer, features a five-year term. The funds were used to refinance an existing asset in the family’s portfolio as well as acquire a new asset in the Las Vegas area.
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