Northmarq’s Post

Northmarq’s Commercial Investment Sales team of Riley Rettig, MBA and Anthony Cohen collaborated with Brian Lane to broker the #saleleaseback of a Class B office property in Collierville, Tennessee. Located on 8.53 acres in the Memphis MSA, the facility serves as The Juice Plus+ Company corporate headquarters. “This strategic sale-leaseback transaction allowed the seller to unlock capital tied up in their real estate, enabling them to reinvest those proceeds into their business and fuel expansion,” said Rettig. #Northmarq #CRE #SLB Read more: https://ow.ly/7JJL50Sx6Ql

Northmarq’s #Denver Debt + Equity team of Jeff DeHarty and Carl Riggins secured $46 million construction financing for Wadsworth Junction in Broomfield, Colorado. “We are thrilled to successfully originate construction financing for Blackburn Communities during a challenging capital markets environment,” said DeHarty. “Wadsworth Junction will feature a superior amenity package and provide residents with convenient access to employment and recreational opportunities along the U.S. Highway 36 corridor between Denver and Boulder.” #Northmarq #CRE #Multifamily Read more: https://ow.ly/XPxA50Sx5Ep

We are thrilled to announce the successful sale of Eagle Villas Apartments in Eagle, Colorado, by our Denver team of Dave Martin and Brian Mooney. The #multifamily community, originally constructed as a Low-Income Housing Tax Credit property, was sold for $39 million. “UDG worked tirelessly bringing together an array of stakeholders and financial partners to not only ensure existing residents are not displaced, but more importantly to preserve the affordability of the Eagle Villas community for decades to come." said Brian. This crucial source of affordable housing in Eagle County will now remain affordable for the next 60 years thanks to the dedicated efforts of Ulysses Development Group and their partners at Eagle County Housing and Development Authority and the Colorado Department of Local Affairs. “Preserving the affordability of Eagle Villas has been a top priority for UDG," said Blaise Rastello, vice president at UDG. "It reaffirms our commitment to providing long-term #affordablehousing solutions to Colorado communities, including our mountain towns." #Northmarq #CRE Read more: https://lnkd.in/eq6ygrK5

Northmarq’s Pacific Northwest team of Sean Tufts, Kevin Adatto and Joe Dugoni has completed the $12.9 million sale of Westgate South #ShoppingCenter in #Tacoma, Washington. “Our involvement with Westgate South spans nearly two decades and multiple sales including this $12.9 million disposition,” said Tufts. “We’re thrilled to have helped a great client execute the full strategy, and we’re excited for the new buyer to continue to expand their portfolio in the Northwest.” The neighborhood retail center features a diverse mix of national and local tenants, including a freestanding Comfort Dental, and is shadow anchored by Safeway, Big Lots and Planet Fitness. #Northmarq #CRE #Retail Read more: https://lnkd.in/ehXV-mWm

Northmarq’s San Diego Debt + Equity team of Aaron Beck, Conor Freeman, Wyatt Campbell and Bryce Quezada arranged the $26 million refinance of Diamond Sands Apartments in #LasVegas. Northmarq arranged the non-recourse financing on behalf of the borrower through its in-house Fannie Mae DUS team. “The new loan was negotiated with an extended rate lock period, allowing the borrower to lock the interest rate at the optimal time when treasuries hit a low point,” said Aaron. #Northmarq #CRE #Multifamily Read more: https://ow.ly/Sek850SqkMY

With retail brands demonstrating resilience and agility, growth is happening across virtually all sectors of the industry. What are the most noteworthy emerging trends? Gain the latest insights in The Top 100: Tenant Expansion Trends report: https://ow.ly/IEvh50SqeE3 #Northmarq #CRE

What exactly counts as a "Like-Kind" property for 1031 tax deferral purposes? The answer may surprise you, even if you're not new to #1031exchanges. Read more: https://ow.ly/tfnh50Snr5J #Northmarq #CRE #NorthmarqExchange #1031Exchange

Northmarq’s Las Vegas Multifamily Investment Sales team successfully brokered the sale of a #multifamily community for $53 million located in Sunrise Manor, #LasVegas. Northmarq’s Phoenix Debt + Equity team of secured $34 million in acquisition financing for the buyer. The permanent fixed rate loan was arranged through Northmarq’s relationship with Freddie Mac. This transaction displays Northmarq's commitment to collaboration, teamwork, and excellent customer service. Congratulations to Thomas Olivetti, Bryan Mummaw, Bryan Liu, Brandon Harrington, Tyler Woodard and Christopher Gitibin! #Northmarq #CRE Read more: https://ow.ly/CKHb50Snqtb

Northmarq’s #WestPalmBeach Debt + Equity team of David Gahagan, Chris Hammel and Chandler Kaye secured the $88 million refinance of Avery Dania East apartments in Dania Beach, Florida. "The class A project attracted significant interest and ultimately the debt was awarded to Blackrock and Steeprock through a senior and mezzanine structure allowing the sponsor to continue their business plan through stabilization,” said Gahagan. #Northmarq #CRE #Multifamily Read more: https://lnkd.in/esYvJCUZ