Connect News Commercial Real Estate news for every market and every facet, every day.
Connect CRE Events Live and virtual events bringing together the best of information and networking.
CRE Industry Events Live industry events.
Connect Creative A full service marketing and PR agency.
Connect Classroom Offering CRE focused continuing education courses on demand.
ApartmentBuildings.com Is a dynamic platform to search for, list and promote multifamily listings nationwide.
Connect Awards View the A-list of commercial real estate & submit nominations.
Connect Media Kit Advertise, Promote, Attend, Create – Work with Connect.
Loantuitive Find the right lender for your loan.
About Connect Meet the team behind the machine and taste a little of the secret sauce.
Connect News

Your source for daily news covering CRE transactions and trends. Stay informed on national, regional and property sector news that matters to your business.

Connect Classroom

Offering on-demand online courses that provide continuing education credits for brokers, attorneys, appraisers and architects. Select from easily accessible video and written courses that cover a variety of CRE topics.

Find Your Course
High-rise commercial buildings

STAY INFORMED

News when you need it. All our Breaking News, right to your inbox.

Sub Markets

Property Sectors

Topics

California CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

New call-to-action
California  + Bay Area + San Jose  + Finance  |  November 15, 2021
The Grad, 88 E. San Carlos St. San Jose
Lisa Brown
By: Lisa Brown

$150M Loan Refinances The Grad Near San Jose State

A CIM Group-managed fund recently closed a $150 million loan to AMCAL Equities and Star America to refinance The Grad, a student housing development one block from San Jose State University in downtown. Located at 88 E. San Carlos St., the 19-story property comprises 260 units (1,039 beds), 14,889 square feet of ground-floor retail and a parking structure with 263 spaces on 1.1 acres.

The fully furnished residences offer studio, two-, three- and four-bedroom floorplans overlooking San Jose State University. The Grad’s amenities include study rooms, computer lab, fitness center, swimming pool with sun deck and bicycle storage.

The property is serviced by numerous public transit systems such as Caltrain, BART and the VTA light rail, and is a few miles from Norman Y. Mineta San Jose International Airport. The financing was arranged by Bryan Gortikov of Gortikov Capital.

Connect

Inside The Story

Bryan Gortikov

About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.
Order Reprints
  • ◦Financing
New call-to-action
New call-to-action
New call-to-action