April 3, 2013 Posted by Washington RealEstateRama
LOS ANGELES, CA – April 3, 2013 – (RealEstateRama) — Realty Mogul, an online platform that is doing crowdfunding for real estate has its first success story in Washington state. Real Property Funding Group, a real estate investment company in Settle, WA, raised $80,000 using Realty Mogulās revolutionary platform for real estate fundraising. The money is being used to rehabilitate a single family home in Everett, WA.
PCCP, LLC Provides $23.2 Million Senior Loan Commitment for Acquisition and Re-Development Financing of Office Condominium in Washington, D.C.
June 6, 2011 Posted by PCCP, LLC
WASHINGTON, D.C. – June 6, 2011 – (RealEstateRama) — PCCP, LLC has announced that it has provided a $23.2 million senior loan commitment for the acquisition and reādevelopment financing of 2055 L Street, NW, a Class B+ office condominium located in the āGolden Triangleā of Washington D.C.ās CBD. The borrower/property owner is a joint venture between Monument Realty and Angelo Gordon & Co. which acquired the asset in December 2010. With this loan in place, the joint venture will now commence a six-month rehabilitation to the owned 102,000 square foot condominium office portion of the 237,000 square foot building.
May 30, 2011 Posted by PCCP, LLC
SAN FRANCISCO, CA – May 31, 2011 – (RealEstateRama) — PCCP, LLC has announced that it has partnered with Principal Real Estate Investors, the fourth largest institutional real estate manager in the United States, to acquire a 253,769 square foot class A office building located at 705 5th Avenue South in Seattle. The property is located within the Pioneer Square submarket, which is situated just south of the Seattle CBD, and is 98 percent vacant. The joint venture acquired the property from a private owner in an off market transaction.
December 28, 2010 Posted by Washington RealEstateRama
BEVERLY HILLS, CA – December 28, 2010 – (RealEstateRama) — International real estate investment and services firm Kennedy Wilson (NYSE: KW) today announced that the company has refinanced The Onyx Apartments, a 400-unit multifamily community in Redmond, Washington. The Onyx is owned in a partnership with the LeFrak Organization. The partnership, which is a 50/50 venture between Kennedy Wilson and the LeFrak Organization, includes a total of 2,912 apartment units, all of which were purchased in 2010. The $42.5 million Onyx financing has a seven-year term and carries a fixed interest rate of 4.67%. Wells Fargo Multifamily Capital, through its Fannie Mae DUS lending program, served as the lender on the transaction
June 22, 2009 Posted by Washington RealEstateRama
KENT, WA – June 19, 2009 – (RealEstateRama) – An alliance of apartment property operator JB Matteson Inc. and investment manager Griffin Capital Corp. recently made its first apartment acquisition, paying Equity Residential $32.4 million for Waterford at the Lakes, a 344-unit complex.