Finance & RE Law Archives

Kevin DiDomenico Joins Silver Fern Companies

Kevin DiDomenico, WEB

Silver Fern Companies has recently hired Kevin DiDomenico as project accountant. DiDomenico has a background in nonprofit management and commercial real estate. As project accountant, he works with clients to maintain a record-keeping system and track change orders, contracts and paperwork. “His accounting and management experience and passion for increasing efficiency has helped Silver Fern… Read More →

Enterprise Bank Expands Arizona Commerical Real Estate Group

Joe Bleyle, WEB

Enterprise Bank & Trust, the banking subsidiary of Enterprise Financial Services Corp announced that Joe Bleyle has been named senior vice president and director of commercial real estate lending for the Arizona region. Bleyle will lead an expanded effort to provide commercial real estate financing for mid-sized Arizona businesses, developers and investors. Bleyle was formerly… Read More →

NorthMarq Funds $16.64M Acquisition Financing for Clocktower Apartments

Clocktower, NorthMarq
January 7, 2014 by in Finance & RE Law

Luke Donahue, senior vice president/senior director and John Kinser, vice president of NorthMarq’s Phoenix regional office provided acquisition financing of $16.64M for Clocktower Apartments, a 195-unit multi-family apartment complex located 11600 SW 147th Terrace in Beaverton, Ore. NorthMarq Capital funded this financing for the borrower through its FHLMC seller/servicer platform. “NorthMarq financed the adjacent property… Read More →

NorthMarq Provides $6.55M Loan for Bella Solano Apartments

Bella Solano Apartments, NrothMarq
November 20, 2013 by in Finance & RE Law | Investment

Luke Donahue, Senior Director ofNorthMarq’s Phoenix regional office, funded a $6,552,000 million loan for Bella Solano Apartments, a 160 unit multifamily property located at 5656 N. 17th Ave., Phoenix. NorthMarq funded this financing for the borrower through its FHLMC seller-servicer platform. “We’re pleased to have funded another NorthMarq/FHLMC loan on behalf of our good client,”… Read More →

CBRE Secures $33.8M Loan for Encantada Apartments in Tucson

Encantada, CBRE

CBRE’s Capital Markets Debt & Equity Finance Group announced today the successful refinancing of the Encantada at Riverside Crossing, a Class-A apartment community in Tucson. The $33.8M loan was funded through international insurance company AIG, Inc. The financing of Encantada at Riverside Crossing was originated by Jim Sellers, Senior Vice President, Tim Prouty, First Vice… Read More →

Tucson Law Firm Launches Phoenix Office at Arcadia Gateway Center

4222 E Thomas Road
September 24, 2013 by in Finance & RE Law | Newsmakers

Zanes Law, a 10-year highly successful firm in Southern Arizona, selected the 90,000-square-foot Arcadia Gateway Center, 4222 E. Thomas Road in Phoenix, for its first office in the Valley. Serving personal injury clients, the firm is led by Doug Zanes, an Arizona injury lawyer, and Claudia Zanes, the CEO. “We chose a location that was… Read More →

One North Fifth's Recent Financing Promotes Urban Living In Downtown Tucson

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  Legacy Capital Advisors of Phoenix recently financed One North Fifth Apartments in Downtown Tucson. Working with the developer, Scott Stiteler of Tucson Urban, LLC, Legacy Capital Advisors secured permanent financing for the recently renovated MLK Public Housing Project. The permanent financing solidifies this urban apartment complex and retail/commercial building as a long-term community endeavor.… Read More →

Cohen Financial's Phoenix Office Closes More Than $100M In Financing in 2Q 2013

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  Cohen Financial, a national real estate capital services firm, today announced that Brandon Harrington, Cohen financial director in the Phoenix office, and his team —  Matthew Steffen, vice president; and Rachel Saxelby, analyst — closed more than $100M in commercial real estate financings in 2Q 2013. The majority of the transactions the team closed… Read More →

Cohen Financial Arranges $14.35M In Debt Financing For Lifeprint Health Center

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  Cohen Financial, a national real estate capital services firm, announced that Brandon Harrington, Cohen Financial Director in the Phoenix office, secured $14.35M in acquisition financing for the Lifeprint Health Center, a Class A medical property at 20414 N. 27th Ave. in Phoenix. Lifeprint, a primary care, multi-specialty clinic owned by United Healthcare, occupies approximately… Read More →

New Name, Same Company: Silver Fern Management Is Now Silver Fern Companies

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  Silver Fern Companies assists with land development from beginning to end and is comprised of Silver Fern Companies, Otago Development, and its newest affiliate, Silver Fern Capital. Using innovative, proactive approaches in order to help in the ever changing land-development market, the company is able to stay on the forefront of development through its full… Read More →

KPMG Survey: Geographic Expansion Is Key Focus for Commercial Real Estate Executives

According to KPMG's 2013 survey, U.S., executives most frequently cited the Southwest (45%) and the Northeast (36%) regions as the best commercial real estate investment opportunities. Multi-family    topped the list  as most attractive property type.

  Propelled by increasing economic optimism, commercial real estate industry executives say geographic expansion will be a key focus over the coming year, according to a recent survey conducted by KPMG LLP, the audit, tax and advisory firm. In the 2013 KPMG Commercial Real Estate Outlook Survey, 58% of executives said they expect their company to increase spending most on geographic… Read More →

Talia Jevan Properties Purchases Lifeprint Health Center For $20.5M

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  Colliers International announced that Vancouver-based private investor Talia Jevan Properties (TJP) has acquired the Lifeprint Health Center at 20414 N. 27th Ave. in Phoenix for $20.5M. The Lifeprint property represents TJP’s second Class A acquisition in the U.S. Bob Broyles, senior vice president with Colliers International in Greater Phoenix, and Simon Lim, executive vice… Read More →

Case For Efficiency In Deficiency Judgments: Timely Tip For Lenders Holding Arizona Real Estate As Collateral

justice

The wild ride of Arizona real estate extends beyond land acquisition, developments and foreclosures. Lenders who hold collateral in the form of deeds of trust against Arizona real estate would be wise to familiarize themselves with a recent case. Lenders might already be (or certainly should be) aware of the limited time they have to… Read More →

Griffin Capital REIT Acquires Avnet Global Solutions Building For $32.5M

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  Cushman & Wakefield of Arizona announced the sale of 6700 W. Morales Place in Chandler, an industrial facility that houses Avnet Global Solutions. The purchase price was approximately $32.5M. Cushman & Wakefield Executive Director Christopher E. Toci represented the seller, Fort Properties of Los Angeles and procured the buyer, Griffin Capital Essential Asset REIT… Read More →

CBRE Arranges $15M In Refinancing For Scottsdale Shopping Center

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  CBRE announced the arrangement of $15M in refinancing for Hayden Peak Crossing, a 144,868 SF grocery-anchored shopping center at the SEC of Hayden Rd. and Thompson Peak Parkway in Scottsdale. Working on behalf of a single purpose entity controlled by Pederson Group, Inc., CBRE placed a permanent loan with Nationwide Life Insurance Company, a… Read More →

NorthMarq Arranges $6.45M In Combined Mortgages For 2 Retail Centers

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  Jim Cooper, vice president of NorthMarq’s Phoenix regional office arranged first mortgage refinancings in the total amount of $6.45M for two retail centers. The centers contain a combined total of 65,376 SF of retail space. Shoppes at Mirador Square, a 46,157 SF anchored retail center at 870 E. Warner Rd. in Gilbert was financed… Read More →

Vestar Secures $63.5M Loan For Refinancing of Queen Creek Marketplace

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  Vestar secured a 7-year permanent loan totaling $63.5M for the refinancing of Queen Creek Marketplace, a 686,000 SF power center at the SWC of Ellsworth Loop Rd. and Rittenhouse Rd. in Queen Creek. The loan was provided by Bank of America in Phoenix. Developed in 2008, Queen Creek Marketplace is the main shopping destination… Read More →

Baseline Thoughts On Public-Private Partnerships in Arizona

The Peoria Sports Complex is a prime example of a public-private partnership in Arizona.

  There is no doubt that the idea of developing a project via a public-private partnership (or P3) remains the “belle of the ball” in many circles, with businesses and public entities trying to identify opportunities to work together on projects. As popular as it is, the P3 concept is not new. It has been… Read More →

Resolute Commercial Services Appointed Receiver of Americana Hotel

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  Resolute Commercial Services, an Arizona-based receivership and corporate renewal firm, has been appointed receiver of the Americana Hotel, 639 N. Grand Ave. in Nogales. After inspection, Resolute began initial work on issues surrounding the condition of the property. In addition, efforts were focused on property and operational concerns including management oversight, staff development, hotel… Read More →

Tiffany & Bosco Adds Zoning and Land Use Professionals Group

Tiffany & Bosco's Zoning Group (left to right) Kurt A. Jones, William E. Lally, and Benjamin J. Patton.

  The law firm of Tiffany & Bosco announced that zoning attorney William E. Lally, and AICP certified land use planners Kurt A. Jones and Benjamin J. Patton have joined the firm. Tiffany & Bosco’s Land Use and Zoning practice is dedicated to working closely with builders, developers, brokers, banks and design consultants; focused in the… Read More →

Cohen Financial Arranges More Than $7.7M Refinancing For Portfolio of 9 Retail Properties

  Cohen Financial, a national real estate capital services firm, announced that its Phoenix office has secured more than $7.7M to refinance a portfolio of nine single tenant retail properties located across four states, including Arizona. The portfolio consists of one Dollar General and eight Family Dollar stores. Brandon Harrington, Cohen Financial Director in the… Read More →

Emerald Creek Capital Enables Local Borrower to Refinance at a Steep Discount

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January 23, 2013 by in Business News | Finance & RE Law | Investment

  Emerald Creek Capital provided a $1.45M loan to a local borrower in order to assist him with acquiring his discounted note in a time of the essence closing. Emerald Creek Capital’s loan is secured by a 2-story medical office building near Maryvale Medical Campus. The property contains 42,000 SF of gross leasable area. The… Read More →

Cohen Financial Arranges More Than $36M in Loans for Properties in Southwest, Midwest

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  The Phoenix office of Cohen Financial, a national real estate capital services firm, secured more than $36M in acquisition and refinance loans for properties in Arizona, Kansas and Texas. Brandon Harrington, Cohen Financial director in the Phoenix office, originated the transactions with a variety of lenders, all within in the past 60 days. In… Read More →

CBRE Arranges $47.3M in Refinancing for Chandler Apartment Complex

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  Barry Petro of CBRE San Diego’s Debt & Equity Finance Group in conjunction with Greg Steinhilber in CBRE’s Phoenix office arranged a $47.3M loan on behalf of The Premiere Residential for the refinancing of San Cervantes apartments in Chandler. The Premiere Residential secured a 10-year loan through Freddie Mac with a 3.72% fixed rate… Read More →