Santa Cruz
Safehold Closes on Ground Lease for Santa Cruz Development
Ground lease REIT Safehold Inc. has closed on a $45-million ground lease for the development of an affordable housing community… Read more
Newly Opened Santa Cruz Luxury Hotel Refinanced for $115M
Sonnenblick-Eichner Company, on behalf of Ensemble Investments, LLC, has arranged $115 million in first mortgage debt to refinance a newly… Read more
Safehold Closes on Ground Leases for Affordable in Santa Clarita, Santa Cruz
Ground lease REIT Safehold Inc. has closed on ground leases for the development of two affordable housing communities, Banana Belt… Read more
Lincoln, Bridge Investments Open Downtown Santa Cruz Apartments
Lincoln Property Company and Bridge Investment Group joined with city leaders and community members recently for the grand opening of RiverRow, Lincoln’s first… Read more
Jonathan Rose Acquires Santa Cruz Affordable
Jonathan Rose Companies acquired Mission Gardens Apartments in Santa Cruz for an undisclosed sum. Rose acquired the property in a partnership with San Jose-based… Read more
Construction Milestone Reached for Watsonville Affordable
Partners from the city, county and state joined to mark the construction framing milestone of Sparrow Terrace, MidPen Housing’s 14th… Read more
President Biden Declares Major Disaster in California
President Joe Biden has declared that a major disaster exists in the State of California due to recent storms, flooding… Read more
West Marine to Relo from California to 50K SF in Fort Lauderdale’s 1 East Broward
NAI/Merin Hunter Codman, the property leasing and management company of the 1 East Broward office building in Fort Lauderdale, FL,… Read more
Dinerstein Purchases Santa Cruz Luxury Apartments for $52M
Newmark has arranged the sale of Five55 Apartments, a new 94-unit luxury apartment complex in Downtown Santa Cruz. The firm’s… Read more
Two Bay Area Seniors Projects Land Financing
JLL Capital Markets arranged $16.275 million in acquisition financing for two land sites totaling 12.73 acres for the development of seniors housing… Read more
Telecom Company Takes Two Floors at Boutique Midtown Building
Avison Young’s New York office arranged a new 9,306-square-foot lease on behalf of ownership at 12 Penn Plaza. The tenant,… Read more
Santa Cruz Site Offers Rare Central Coast Development Opportunity
West Coast apartment developer-owner-manager Anton DevCo recently acquired a 1.44-acre development site in downtown Santa Cruz. The sale consisted of… Read more
CBRE Wins Chase Bank Portfolio Assignment from MetLife
Los Angeles-based CBRE won the assignment to market a portfolio of 16 current and former Chase Bank retail properties throughout… Read more
New Senior to Sell 14-State Memory Care Portfolio for $385M
New Senior Investment Group Inc. entered into a definitive agreement with ReNew REIT to sell its entire assisted living/memory care… Read more
Artemis/CRES JV Trades Historic Apartments in KC
Berkadia has arranged the sale of the Landings at River Market, a 141-unit multifamily property in Kansas City, MO. A… Read more
Ashford Acquires Santa Cruz Hilton-Flagged Property for $50M
Ashford Hospitality Trust, Inc. acquired the 178-room Hilton Santa Cruz/Scotts Valley in Santa Cruz, CA from Philadelphia-based The Arden Group… Read more
Newmark Arranges $30M Construction Take-Out Financing for Santa Cruz MF
San Francisco-based Newmark Realty Capital Inc. arranged $29.9 million in financing for Five55 Pacific, a newly- developed, Class A mixed-use… Read more