Seattle Investor Snags Five-Property Western MF Portfolio for $100M

Berkadia originated a $97.85 million Fannie Mae Credit Facility, which provided permanent fixed-rate financing for the acquisition of five multifamily assets on behalf of Seattle-based Investors Capital Group, LLC. The acquired properties are in four western states: Washington, Idaho, Utah and Arizona. The structured facility features five tranches of fixed-rate debt with 10- and 12-year

Continue Reading

Banner Bank Promotes Jim McLean to Lead CRE Lending

Banner Bank promoted Jim McLean to EVP of its CRE lending division, and a member of  the bank’s executive management committee. McLean is filling the position vacated by Doug Bennett, who retired after more than 30 years with the Washington-chartered commercial bank. McLean now leads a team of nearly 80 employees throughout the Banner Bank’s

Continue Reading

Hilton Adds Five New Hotels to Curio Collection in West

There is still time to join us this week for Connect Bay Area at the Grand Hyatt San Francisco. Get more information, and register to attend on this link. Curio Collection by Hilton is expanding its presence in the western United States with the addition of five hotels in Washington, California, New Mexico and Utah.

Continue Reading

NKF Acquires ACRES of Utah

NKF, a subsidiary of the Newmark Group Inc., acquired ACRES, a full-service, commercial real estate services company, headquartered in Salt Lake City. ACRES, which operated as Newmark Grubb ACRES, also has offices in Davis/Weber County, Utah County, Boise, ID and Reno, NV. Veteran Nick Wood, who has been with ACRES for nearly two decades, will

Continue Reading

Seattle Investor Snags Five-Property Western MF Portfolio for $100M

Berkadia originated a $97.85 million Fannie Mae Credit Facility, which provided permanent fixed-rate financing for the acquisition of five multifamily assets on behalf of Seattle-based Investors Capital Group, LLC. The acquired properties are in four western states: Washington, Idaho, Utah and Arizona. The structured facility features five tranches of fixed-rate debt with 10- and 12-year

Continue Reading

230-Unit Assisted Living to Go North at Pima Center

Western States Lodging & Management and the Colmena Group of Salt Lake City will develop Legacy Village at Salt River, a $30 million, 230-unit assisted living facility within the 232-acre Pima Center business park in Scottsdale, AZ. The site is part of the Salt River Pima Maricopa Indian community. Construction is scheduled to begin early

Continue Reading

NKF Acquires ACRES of Utah

NKF, a subsidiary of the Newmark Group Inc., acquired ACRES, a full-service, commercial real estate services company, headquartered in Salt Lake City. ACRES, which operated as Newmark Grubb ACRES, also has offices in Davis/Weber County, Utah County, Boise, ID and Reno, NV. Veteran Nick Wood, who has been with ACRES for nearly two decades, will

Continue Reading