Northmarq

Northmarq’s Newport Beach Debt + Equity team of David Blum and Alvin Cao has arranged $8 million in construction financing for Lanier Islands Storage Caves, a proposed facility with condominium storage units. The property is situated on a 7.67-acre site and will feature boat and RV storage less than a mile from .

“This unique construction loan with a hybrid structure will allow the sponsor to sell individual storage units and retain the rest for a rental income stream,” said Blum.

Read more: https://ow.ly/PWfz50ShwQb

Building momentum for 2024 and beyond!

We’re still buzzing from the energy and inspiration at our 2024 Northmarq Summit! A perfect mix of learning, networking, and collaboration, this year’s gathering of 400+ Investment Sales brokers and Debt + Equity producers reaffirmed our commitment to investing in our team. We celebrated top performers, welcomed Morrison Street Capital to enhance our Fund Management team, discussed our new Fixed Rate Bridge Loan Program, and so much more.

Retailers are beginning to adjust to consumer price sensitivity by implementing price cuts on thousands of items. Explore the impact of subdued economic data in our latest Economic Commentary Viewpoint by John Beuerlein, Chief Economist of the Pohlad Companies.

Read more: https://ow.ly/awuF50SgZTT

Northmarq’s Mid-Atlantic Investment Sales team consisting of Chris Doerr, Will Harvey, Shack Stanwick, Aryaan Azarbarzin, Anthony Pino, Matt Straughan and Jack Brocato recently announced the sale of Ascent 430, a property in a suburb.

“Ascent 430 is a prime example of the strength of the market for core plus investment opportunities in affluent, hard-to-entitle submarkets,” said Doerr.

Read more: https://ow.ly/EzAy50SfIUl

Northmarq’s Debt + Equity team of Alex Kane, Joe Giordani, Brendan Golding and Alvin Cao secured the refinancing of two properties in southern California, Serena Vista Apartments and Villa del Sur, for a total of $60 million.

Northmarq arranged financing on behalf of the borrower, Advanced Real Estate, through the firm's Freddie Mac Seller Servicer platform.

“We were able to source aggressive terms for Advanced by leveraging their long-term ownership and the affordability of the properties to create a competitive process,” said Golding.

Read more: https://www.northmarq.com/transactions/advanced-portfolio-debt-2024-06?utm_source=facebook&utm_medium=ef02d7a9-d07f-4bce-9202-9068090e0614&utm_campaign=transactions2024

Jesse Hudson, regional managing director of Multifamily Investment Sales, and Mike Sladich, regional managing director of Commercial Investment Sales, have been selected by GlobeSt. for its CRE’s Aspiring Leaders of 2024 list.

This recognition highlights the industry’s outstanding young professionals navigating a volatile market and consistently making strides as robust producers and expert advisors to clients. Congratulations to Jesse and Mike!

Read more: https://ow.ly/tFP350SbCQt

Uncover the implications of the DEA’s proposed move to reschedule ma*****na on the CRE cannabis market. We interviewed the experts! Get insights from Northmarq’s Christian Tremblay and Koach Capital’s Sandy Kronenberg in our latest Viewpoint.

Read more: https://ow.ly/NUXt50S9v75

We are thrilled to announce that Northmarq has been recognized by Multi-Housing News as one of the top 10 brokerage firms of 2024, ranking 6th overall!

With a total sales volume of over $3.4 billion, this recognition reflects our unwavering commitment to deliver exceptional results for our clients. Congratulations to the Multifamily Investment Sales team!

Read more: https://ow.ly/z12U50S8XrQ

At Northmarq, we celebrate the unique stories, voices, and talents of our LGBTQ+ employees this and every month. Together, we create a community where everyone is valued, heard, and respected.

Northmarq’s Seattle Multifamily Investment Sales team of Tyler Smith, Steve Fischer and Joe Kinkopf successfully brokered the sale of a two-property portfolio in Port Orchard, Washington for $18.5 million. Ron Peterson, managing director, secured the $10 million acquisition loan on behalf of the borrower.

“Through resilience and strategic guidance, we facilitated a complex transaction, navigating challenges including a building fire, to exchange into the Port Orchard Portfolio,” said Smith. “Over a decade, we've empowered our client's growth from a novice investor to managing institutional-scale assets.”

Read more: https://www.northmarq.com/transactions/jackson-timber-run-apts-sale-2024-05?utm_source=facebook&utm_medium=5827551e-e191-4e9d-9d77-fd3b86ada8cd&utm_campaign=transactions2024

Congratulations to our 2024 Connect CRE Next Generation Winners! These awards recognize the most talented young professionals in . Congratulations to Milo Spector, Christian Tremblay, and Haylee Williamson!

Learn more about our winners: https://ow.ly/ZCzn50S2O8L

Northmarq’s Pacific Northwest Commercial Investment Sales team of Kevin Adatto, Sean Tufts and Joe Dugoni has completed the $6.3 million sale of Morrison Place, a retail property located in , Oregon.

“This was the last in a series of recent successful sales on behalf of a long-term client,” said Adatto. “We began helping the seller consolidate their holdings over a year ago, with this multi-tenant property being the final piece. We were excited to source a West Coast buyer looking to diversify holdings and expand into the Northwest.”

Read more: https://ow.ly/czgM50RYJCB

This Memorial Day, we express our deepest gratitude to those who gave everything for our freedom. Their courage and dedication will always be remembered.

Northmarq is pleased to be featured in the Los Angeles Times’ Top 20 Southern California Commercial Real Estate Brokerage Firms! Northmarq was selected based on volume of 2023 sales for Southern California projects.

Congratulations to Shane Shafer and Zalmi Klyne, who were also featured as Visionaries.

Read more: https://ow.ly/yLWY50RRChk

We are thrilled to announce our merger with Morrison Street Capital, an investment management company that will now operate as Northmarq Fund Management. The merger also coincides with the acquisition of NBS Real Estate Consulting, a boutique business affiliated with Morrison Street Capital that provides advisory services to real estate owners and lenders.

This integration marks an important milestone as we continue to serve as a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing.

Read more: https://ow.ly/jNhO50RPXZx

Northmarq's Chase Dominguez completed the $23.4 million sale of a three-building property. Located in Fremont, California, the property is situated on 7.7 acres of Industrial-Tech (I-T) zoned land. Northmarq represented the seller, The Men’s Wearhouse.

“Although the property has been utilized as office for the last decade, it is situated on I-T zoned land, which generated substantial interest among local investors, and ultimately allowed Northmarq to maximize proceeds for The Men’s Wearhouse,” said Dominguez.

Read more: https://www.northmarq.com/transactions/mens-wearhouse-sale-2024-05?utm_source=facebook&utm_medium=946fed7a-6dc9-4db3-b9e2-069fe3f79bc5&utm_campaign=transactions2024

With significant growth projected in the coming years, the booming equipment rental industry is changing the landscape of traditional . In our newest Viewpoint, BJ Feller and Sam Ray explore top tenants across the sector to understand how they uniquely blend characteristics of and to create an attractive investment.

Read more: https://ow.ly/cbeI50RIHpi

Northmarq’s Midwest Investment Sales team of Parker Stewart and Dominic Martinez brokered the $54.1 million sale of a 214-unit property in Maryland Heights, Missouri.

Northmarq represented Pier Property Group, a based developer, in the sale. David Garfinkel, managing director of Debt + Equity at Northmarq, arranged the financing for the acquisition.

“The extended tax abatement, as well as the full-term interest only loan David and his team were able to secure, will allow new ownership to benefit from desirable cash returns out of the gate,” said Parker.

Read more: https://www.northmarq.com/transactions/flats-dorsett-ridge-sale-2024-04?utm_source=facebook&utm_medium=ebe3aef5-81f1-412c-be37-d8eed2a6b583&utm_campaign=transactions2024

Trust Northmarq's experts to guide your investment journey! From navigating market shifts to optimizing portfolios, our seasoned professionals are here to empower your success.

Meet with a Northmarq expert at ICSC Las Vegas: https://ow.ly/kzC650RG7bU

Check out the latest insights on the U.S. economy in our May Economic Commentary Viewpoint by John Beuerlein, Chief Economist of the Pohlad Companies. Discover the current trends impacting our economic landscape.

Read more: https://ow.ly/ZbFt50REvVO

Join Northmarq's net lease car wash experts at International Carwash Association's Car Wash Show next week in Nashville. Will we see you there?

Northmarq’s San Antonio Multifamily Investment Sales team of Zar Haro, Moses Siller, Bryan VanCura, Phillip Grafe and Brian Booth successfully facilitated the sale of Regatta Apartment Homes, a 200-unit community located in .

Northmarq's Cheryl Higley represented the buyer, CREE Capital, on the loan assumption advisory services. This transaction represents a significant achievement in a challenging capital market environment.

CREE Capital, has ambitious plans for Regatta Apartment Homes, intending to undertake on an extensive renovation program to enhance both amenities and the community center.

Read more: https://ow.ly/1VwI50RAG42

Headed to ICSC Las Vegas in a few weeks? We can't wait to meet with you!

Book a meeting: https://ow.ly/WRbm50RzCPn

Walmart, Target, Burlington, Ross and BJ’s – what do these tenants have in common? They’ve all announced significant growth plans which are expected to create exciting opportunities for developers, investors, and other players. Read our Viewpoint by Lanie Beck, Senior Director, for the full story.

Read more: https://ow.ly/m0IM50RyWKR

Stuart Oswald, managing director of Northmarq’s office arranged the $35 million refinance of The Lodge at Mallard's Landing. The independent living, and memory care community is located in Gig Harbor, Washington, an upscale suburban location 10 miles northwest of Tacoma.

This is the third financing Northmarq has arranged for this property over the past decade. The Lodge has been managed for over 10 years by Senior Services Of America. The community maintains an excellent reputation in Tacoma which is demonstrated by strong resident satisfaction surveys and its current occupancy of over 95%.

Read more: https://ow.ly/O8iI50RsNSq

Discover how risk-based capital requirements are reshaping lending. Dive into the impact of regulations with insights from Michael Chase, Managing Director, in our Viewpoint report.

Read more: https://www.northmarq.com/insights/research/risk-based-capital-requirements-impact-rules-commercial-real-estate-loans?utm_source=facebook&utm_medium=744daac6-951b-43b7-ac9c-b6a50a7e4082&utm_campaign=featuredexpert

Are you familiar with the taxable boot risk in a 1031 exchange? Learn how Northmarq Exchange’s experts can protect you from this common pitfall.

Read more: https://ow.ly/XPlH50RncQu #1031

Exciting news! Northmarq's MarketSnapshot reports now offer a complete view of the multi-tenant market in addition to our trusted coverage of trends. Stay informed with our comprehensive analysis of the entire market!

Read more: https://ow.ly/uvZx50RobJ4

David Link, regional managing director at Northmarq, believes there will be a significant increase in transaction volume “and Fannie and Freddie want to be there” even with the $10 billion loan cap cut.

Link provided insights on Fannie Mae's and Freddie Mac’s roles in the 2024 lending market with Multi-Housing News in an article titled, “With capital scarce, GSEs remain critical.”

Read more: https://www.northmarq.com/news/general-news/david-link-sees-big-roles-fannie-mae-freddie-mac-2024-multifamily-lending-market?utm_source=facebook&utm_medium=7bf0f8ec-1991-4824-b2bf-ee3de7186e95&utm_campaign=featuredexpert