The property is encumbered by a $16.4 million Freddie Mac loan that's securitized through FREMF, 2018-K1508. The loan pays a 4.7 percent coupon and is locked out from prepayment until June 2033, three months before it matures.
Interwest Capital Group LLC has paid $36 million, or $281,250/unit, for the 128-unit Renew Riverside Apartments in Riverside, Calif. The San Diego real estate investment private equity firm purchased the property, which will be rebranded Veranda Riverside, from FPA Multifamily ...
Lecangs LLC, a subsidiary of Loctek Ergonomic Technology Corp., has agreed to fully lease the 1.2 million-square-foot industrial property that is being built at 728 West Rider St. in Perris, Calif., about 65 miles east of Los Angeles. The logistics ...
Interstate Equities Corp. has paid $39.75 million, or $334,033/unit, for Ocean Villas, a 119-unit apartment property in Oxnard, Calif. The Los Altos, Calif., investment and management firm purchased the property from Montgomery Partners of Mill Valley, Calif., in a deal ...
Sacramento Business Journal An affiliate of Exeter Property Group has paid $15.8 million, or $145.70/sf, for the 108,441-square-foot industrial property at 11380 White Rock Road in Rancho Cordova, Calif. The Conshohocken, Pa., investment manager purchased the property from Corsair Management ...
Vertical Ventures Capital LLC has paid $20.3 million, or $146/sf, for the 139,015-square-foot Moreno Corporate Center industrial/flex property in Moreno Valley, Calif. The Walnut Creek, Calif., investment manager bought the five-building property, at 14300, 14320 and 14340 Elsworth St. and ...
Real Estate NJ Kokes Properties has secured $19.3 million of construction financing against the 190-unit Mill at Riverside apartment project in Riverside, N.J., about 15 miles northeast of Philadelphia. Provident Bank provided the loan, which will support construction of the ...
Bank OZK has provided $105 million of construction financing for the I-10 Logistics Center, a proposed 1.8 million-square-foot distribution facility in Cherry Valley, Calif., in Riverside County and 25 miles east of San Bernardino, Calif. The two-building property is being ...
Real Estate NJ Kokes Properties has broken ground on the 190-unit Mill at Riverside residential property in Riverside, N.J., about 15 miles northeast of Philadelphia. The Brielle, N.J., developer expects to complete the first phase of the project in September. ...
Rentv.com Advanced Real Estate Services Inc. has bought the 215-unit Artessa apartments at 7600 Ambergate Pl. in Riverside, Calif., for $58 million, or $269,767/unit. The Irvine, Calif., company purchased the complex from Bridge Investment Group and financed its purchase with ...
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