2021 Lawyers in Real Estate Awards
Last year, the Connect CRE team followed up our well-received Next Generation Awards and Women in Real Estate Awards with the inaugural Lawyers in Real Estate Awards. For...
2021 Women in Real Estate
Announcing the 2021 Winners for the Connect CRE Women in Real Estate Awards.
From hundreds of submissions, we have highlighted women with achievements and...
2021 Next Generation Awards
Connect Commercial Real Estate is proud to present the winners of our 2021 Next Generation Awards. In one of the most challenging years on record for the industry,...
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Permanent financing to the tune of $18.45 million was recently obtained for a 122,000-square-foot grocery-anchored shopping center in Sacramento. The center is anchored by a 32,000-square-foot Smart & Final, a 26,000-square-foot Ross Dress for Less and a 22,000-square-foot Planet Fitness.
Despite tenants demonstrating commitment to the space with an average lease term of 15 years and consistent renewals, capital markets remain cautious about financing retail and were specifically concerned with COVID-19 rent deferrals and closures. Furthermore, capital providers expressed uncertainty as to how retail centers would be impacted in the long run and the ramifications of the future post-pandemic retail environment.
George Smith Partners placed the financing. The firm was able to ensure competitive pricing and proceeds based on having a best-in-class sponsor and diverse anchors, despite the retail-hesitant financial environment. The George Smith advisers included Gary E. Mozer, Robert Horton, Dorian Aftalion, Tommy Adelson and Ben Shofet.
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.