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The joint venture has secured a $102-million construction loan split evenly among Wells Fargo, National Association, which is serving as administrative agent, and Capital One. T
“This strategically located building is ideal for major users looking for quality industrial space at the epicenter of two major consumer markets,” says CBRE's Ben Shapiro.
Hunt Real Estate Capital provided a Fannie Mae affordable multifamily loan in the amount of $19.5 million to finance the acquisition of Blunn Creek Apartments, where all units are low-income reserved.
WestStar Tower encompasses the entire city block bordered by Mesa Street, Missouri Avenue, Oregon Street and Wyoming Avenue, and will be the tallest building in El Paso at 313 feet when completed.
In what the firms describe as a first of its kind service, the goal is to compile actual senior housing rates and leasing activity submitted by senior living operators.