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SAN FRANCISCO-Capri Capital closes three loans totaling $19.5 million for a portfolio of multifamily properties located in the cities of Modesto, Turlock and Vacaville, and Berkshire Mortgage Finance provides two loans totaling $22 million for a 410-unit complex in Sunnyvale and a 171-unit complex in Rohnert Park.
LONDON-City North Group has been granted planning permission for its 175,000-sf office scheme at One City Road, on the northern fringe of the City of London. But in the current market a speculative start has been ruled out.
VICTORVILLE, CA-The Scottsdale, AZ-based consumer electronics firm, chooses Southern California Logistics Airport for its North American distribution hub. Operator Pasha Logistics and airport officials negotiate a long-term, direct deal.
ATLANTA-Thomas D. Senkbeil, former president and chief operating officer of Atlanta-based Carter & Assoc., becomes chief investment officer at Post Properties Inc. where he is expected to drive the company's acquisition and disposition team to new highs.
LONDON-Capital & Regional has added to its portfolio of mixed-use retail and leisure schemes with the formation of a joint venture with AWG to take over the struggling Great Northern scheme in Manchester city centre.
SUNNY ISLES BEACH, FL-Another condominium tower has begun construction in South Florida. La Perla Ocean Residences is planned for 326 residences on 42 stories. The developer is Cornerstone Premier Communities of Coral Gables, FL.
GLENDORA, CA-MLK Realty from San Francisco acquires two office buildings, comprising 60,000 sf, in the investor's first Southern California deal. The buyer walks away with deeds to two of three buildings in Glendora Court.
CHICAGO-From the Central Business District to the neighborhoods, most development plans travel through commissioner Alicia Berg's department of planning and development. She offers some insight on city initiatives Thursday morning at the Hyatt Regency Chicago, site of RealShare Chicago.
LONDON-Google UK, the European arm of the search engine operator, has signed up for 14,596 sf of offices in Derwent Valley Holdings' The Courtyard office refurbishment on Charing Cross Road, WC2.
MIAMI-The facilities include a $712.3 million, five-year revolving credit facility to mature in May 2008, and a $315.2 million, 364-day revolving credit facility to mature next May.