PHOENIX—CBRE capital markets' debt andstructured finance team arranged $46.4 million in CMBS debt inthree major transactions across the Western US. The transactionsinclude: The Grove, located at 365 W. Craig Road in Las Vegas;Villa Encanto, located at 4315 E. Thunderbird Road in Phoenix,Arizona; and Gander Mountain Company located on E. Interstate 20 inArlington, TX.

Bruce Francis and Dana Summersof CBRE's Phoenix office, Shaun Moothart of CBRE'sNewport Beach office, and Robert Ybarra of CBRE'sLas Vegas office, arranged the financings.

“Our team closed all three transactions over the course of aweek when CMBS credit spreads widened across the board. This was anextremely difficult and sensitive time in the market, where thesimultaneous rally in the treasury markets helped to soften theimpact of spread widening. We navigated the volatility with ourclients and were able to successfully maintain lower all-in ratesat closing than were quoted at loan application on each of thethree transactions, says Moothart, vice president, debt andstructured finance, CBRE”