High-rise commercial buildings

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  + Retail  | 

Bellwether Closes $121M in Loans for Industrial Portfolio, Retail Property

Bellwether Enterprise Real Estate Capital LLC closed $121 million in loans for two deals. One involved a multi-state industrial portfolio with properties in California and Pennsylvania, while the other was for a retail shopping center in Las Vegas.

The deals include:

An $85 million permanent loan for five warehouse buildings totaling 1,151,000 square feet. Three of the buildings are located in Los Angeles County, one in SoCal’s Inland Empire, and one in Central Pennsylvania’s Lehigh Valley. Each building is leased to a single tenant, and features concrete tilt-up construction with minimal office build-out and clear heights ranging from 24 to 36 feet. Bellwether Enterprise’s Shelley Magoffin and Max Sauerman arranged the loan with a correspondent life insurance company and Thrivent Financial.

A $36-million permanent loan for Desert Marketplace, a roughly 200,000-square-foot retail shopping center in Las Vegas. Magoffin and Sauerman arranged the loan on behalf of the borrower, Durango Warm Springs III. The lender was Grass River Real Estate Credit Partners REIT.

For comments, questions or concerns, please contact Dennis Kaiser

Connect

Inside The Story

Connect With Bellwether Enterprise

About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Financing
New call-to-action
New call-to-action
New call-to-action
New call-to-action
New call-to-action