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CONCORD, CA—Acquisition and construction financing of $72 million was acquired for both phases of Renaissance Square, with a 15-year term of three years interest only, followed by a 30-year amortization schedule, GlobeSt.com learns in this <b>EXCLUSIVE</b>.
SAN DIEGO—Synergies between the two regions in terms of cap rates and apartment-building size make San Diego the logical place for ABI Multifamily to expand its services, two of the firm's top executives tell GlobeSt.com <b>EXCLUSIVELY</b>.
IRVINE, CA—Single-family rental investors “will be an important and likely growing force in the real estate market for years to come,” says Daren Blomquist at ATTOM Data Solutions.
WHIPPANY, NJ—Named for its previous use, The Powerhouse opened this month, offering enhanced gourmet food services, a multi-function lounge, conference room and a health and wellness center.
HFF worked on behalf of the borrower, Oxford Development Company, to place the 10-year, fixed-rate loan with Goldman Sachs. HFF will service the securitized loan, proceeds of which were used to primarily pay off a maturing loan.
RANCHO SANTA MARGARITA, CA—Plaza El Paseo, a 107,000-square-foot shopping center here, has sold to Plaza El Paseo Center LLC for $56.6 million thanks to a financing strategy devised by Faris Lee, GlobeSt.com learns <b>EXCLUSIVELY</b>.
MARINA DEL REY, CA—Creative office is the sweeping trend in the office market, but now, California Landmark is creating a luxury multifamily complex to match with its new $30 million D1 development.
GARDEN CITY—Spread across a portfolio of office buildings and a four-property development here, the agreements all were renewals and—in some cases, expansions.