Western

JLL Arranges $19M in Refinancing for 115-Unit Apartment Community in Bothell, Washington

by Amy Works April 24, 2025

BOTHELL, WASH. — JLL Capital Markets has arranged a $19 million loan for MainStreet Property Group for the refinancing of The 104, an urban-style multifamily community in Bothell. Seth Heikkila and Bill Maloney of JLL Capital Markets Debt Advisory team secured the five-year, fixed-rate loan through Fannie Mae. JLL Real Estate Capital LLC will serve the loan. The 104 features 115 traditional and open one- and two-bedroom floor plans, averaging 773 square feet, with stainless steel appliances, walk-in closets and exposed concrete details. Community amenities include a lounge with kitchen, a community courtyard, bike storage and valet trash service. The property is located at 18414 104th Ave. NE.

April 24, 2025

Acquisitions Colorado Industrial Western

IOV Acquires Equipment Maintenance Facility in Commerce City, Colorado

by Amy Works April 24, 2025

COMMERCE CITY, COLO. — Industrial Outdoor Ventures (IOV) has completed its 11th acquisition in the Denver area with the purchase of 5350 Newport Street, a 5-acre property with more than 27,000 square feet of warehouse and office space. Terms of the transaction were not released. Ferguson Fire and Fabrication occupies the site to manufacture and store commercial sprinkler parts and systems. Ferguson has occupied the property for more than 20 years.

April 24, 2025

Ann Atkinson Regions Real Estate Capital Markets quote from article

Affordable Housing Content Partner Features Loans Midwest Multifamily Northeast Regions Real Estate Capital Markets Southeast Texas Western

Looking to Finance Your Multifamily Property? Compare Fannie Mae, Freddie Mac Small Balance Loan Options

by Sarah Daniels April 24, 2025

By Ann Atkinson, Regions Real Estate Capital Markets Finance options for owner/operators of multifamily properties are consistently available via Fannie Mae and Freddie Mac. Both government-sponsored entities (GSEs), are governed by the Federal Housing Finance Agency (FHFA) and share a clear mission to support the health of the country’s housing market and its existing multifamily supply by providing financing options to borrowers. Loans Accessible for Affordable, Workforce Properties The support provided by both Fannie Mae and Freddie Mac to multifamily housing notably extends beyond market-rate rental properties, with both agencies dedicated to the availability of affordable and workforce housing units to low-income renters. Thus, Fannie Mae and Freddie Mac offer good loan options to consider for owner/operators active in these multifamily subsets. Let’s compare their offerings specific to small balance loans, as these are often the appropriate solutions for this range of multifamily properties. Both Fannie Mae and Freddie Mac programs offer financing for the acquisition or refinance of stabilized multifamily properties. The properties must include five or more residential units and be stabilized. The agencies define stabilized as 90 percent occupancy for 90 days. In addition, both programs offer the following product features for small loans: Let’s now …

April 24, 2025

California Loans Multifamily Western

Affinius Capital Originates $148.5M in Refinancing for 800 Broadway Multifamily Community in San Diego

by Amy Works April 23, 2025

SAN DIEGO — Affinius Capital has closed a $148.5 million loan to refinance 800 Broadway, a newly built high-rise multifamily property in San Diego. The loan was made to an affiliate of Diamond Realty Investments. James Burrell of Northmarq arranged the financing. The 40-story building offers 356 market-rate apartments and 33 affordable units, ranging from studio and one-/two-bedroom apartments to two-/three-bedroom penthouses. The units feature private patios/balconies, Whirlpool stainless steel appliances, nine-foot ceilings, in-unit washers/dryers, quartz countertops, frameless glass showers and porcelain tubs, modular closet shelving, luxury vinyl and tile flooring, gas stoves, under cabinet lighting and pendant island lighting. Onsite amenities include a rooftop deck with swimming pool and hot tub, speakeasy bar, outdoor lounge with fire pits and grilling stations, a clubroom, coworking space and business center, TV and game lounge, fitness center with yoga studio, pet spa and dog walk, bike storage and repair station, electric vehicle charging stations and a 24-hour concierge. Additionally, 800 Broadway offers 4,830 square feet of commercial space.

April 23, 2025

Acquisitions California Retail Western

Capital Investment Network Disposes of 35,013 SF Oceanside Square Retail Center in California

by Amy Works April 23, 2025

OCEANSIDE, CALIF. — Capital Investment Network has completed the disposition of Oceanside Square, a shopping center at 4750 Oceanside Blvd. in Oceanside. A San Francisco-based buyer, in a 1031 exchange, acquired the asset for $11.6 million. Oceanside Square offers 35,013 square feet of retail space occupied by 21 tenants. At the time of sale, the property was 95.1 percent leased. Originally built in 1990, Oceanside Square underwent substantial capital improvements in 2022 and 2024. Ross Sanchez and Nick Totah of Marcus & Millichap’s San Diego Del Mar office represented the seller in the transaction.

April 23, 2025

Acquisitions California Industrial Western

Steel Peak Sells Industrial Outdoor Storage Property in San Diego for $3.8M

by Amy Works April 23, 2025

SAN DIEGO — Steel Peak, a commercial real estate investment firm, has completed the sale of an industrial outdoor storage (IOS) property located at 6975 Camino Maquiladora in San Diego. RojoWood Lumber & Building Supply acquired the asset for $3.8 million. The property includes a functional industrial building with shop and office space, as well as a large excess yard for outdoor storage of vehicles, equipment and materials. The asset offers close proximity to Interstate 5 Freeway, 905 Freeway and the United States-Mexico border. Rob Hixson and James Hixson of CBRE represented the seller, while Rabin Salehi of CBRE represented the buyer in the transaction. Steel Peak originally purchased the property in December 2024 for $2.6 million and made significant improvements to the property. This sale is the company’s first exit out of its five-property portfolio of IOS facilities in the San Diego market.

April 23, 2025

Acquisitions Oregon Retail Western

Marcus & Millichap Negotiates $2.1M Sale of O’Reilly Auto Parts-Occupied Property in Portland

by Amy Works April 23, 2025

PORTLAND, ORE. — Marcus & Millichap has arranged the acquisition of a retail property in Portland. A trust out of Northern California acquired the asset from an undisclosed seller for $2.1 million. O’Reilly Auto Parts occupies the 7,000-square-foot property on a net-leased basis. The retailer recently extended its triple-net lease for 10 years with additional renewal options. Chris Doty of Marcus & Millichap’s Phoenix office procured the buyer. David Tabata of Marcus & Millichap served as the Oregon broker of record.

April 23, 2025

Acquisitions Colorado Industrial Western

Malman Real Estate Brokers $1.2M Sale of Industrial Space in Denver

by Amy Works April 23, 2025

DENVER — Malman Real Estate has arranged the sale of 775 S. Jason Street, an industrial condominium in Denver. The Learned Co. acquired the property from 775 S Jason Street LLC for $1.2 million. Shane Robson of Malman Real Estate represented the seller, while Jarod Pale of DePaul Real Estate Advisors represented the buyer in the deal.

April 23, 2025

Acquisitions California Industrial Western

NAI Capital Arranges $52.4M Sale of Industrial Facility in Carson, California

by Amy Works April 22, 2025

CARSON, CALIF. — NAI Capital Commercial has negotiated the purchase of a single-tenant industrial facility at 1055 Sandhill Ave. in Carson. Rexford Industrial sold the asset to Carson Warehouse Corp. for $52.4 million, or $410 per square foot. Ryan Campbell of NAI Capital Commercial represented the buyer, while Frank Schulz and David Prior of The Klabin Company represented the seller in the deal. Built in 2024, the 127,775-square-foot move-in ready building features 19 dock-high doors, 10 hydraulic pit levelers, a clear height of 32 feet, LEED Gold certification and 6,998 square feet of high-end, two-story office space. Additionally, the property offers ESFR sprinklers, heavy power and a 130-foot concrete truck court. The buyer plans to convert a significant portion of the facility into cold storage, including freezers and coolers to support its food distribution operations.

April 22, 2025

California Development Multifamily Seniors Housing Western

EAH Housing Reopens Rodeo Gateway Seniors Housing Community in Rodeo, California

by Amy Works April 22, 2025

RODEO, CALIF. — EAH Housing has reopened Rodeo Gateway, a seniors housing property in Rodeo, after implementing interior and exterior upgrades to residences and common spaces. Rodeo Gateway features 49 one-bedroom apartments for seniors aged 62 and older and a two-bedroom manager’s unit. Community amenities include a landscaped courtyard, tree-lined walkways, comfortable seating areas and resident amenities, including a sunroom, computer lab and fully equipped community kitchen. The rehabilitation included upgraded residences with new energy-efficient appliances, high-efficiency LED lighting, new flooring and updated kitchen and bathroom cabinetry, sinks and fixtures; enhanced ADA-compliant amenities, including roll-in showers and improved mobility features; and a newly designed community room with new furnishings, flooring, paint and window coverings. Additional enhancements include improved air circulation in common hallways and new security features, such as an updated entry call system with key fob access and a new Wi-Fi system.

April 22, 2025

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