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From the Newsroom
July 12, 2021
Berkadia Closes $25 Million for Jordan Downs Phase S2 in Los Angeles
Philadelphia, PA – July 12, 2021 – Berkadia Affordable Housing and CIT are pleased to announce the closing of Jordan Downs Phase S2, a new construction development in the Watts neighborhood of Los Angeles, California. Jordan Downs Phase S2 will provide 81 units of affordable housing and is part of a transformative 70-acre multi-phase redevelopment effort, led by Michaels, BRIDGE…
July 12, 2021
Berkadia Arranges $14.1M Acquisition Loan for Miami Industrial Asset
MIAMI, FL – July 12, 2021 – Berkadia announces it has arranged $14.1 million in acquisition financing on behalf of Foundry Commercial for the acquisition of America’s International Center, a 147,000-square-foot industrial park in Doral, Florida. Managing Directors Michael Weinberg and Rebecca Van Reken along with Associate Director Alec Fox of Berkadia Orlando secured the non-recourse, floating rate loan with…
July 8, 2021
Berkadia Completes Nearly $40 Million in Combined Sales of Two Multifamily Properties in Washington
SEATTLE, WA – July 7, 2021 – Berkadia announced today the sales of Highlander and Cascadian, two garden-style multifamily properties in Everett, Washington. Senior Managing Director Kenny Dudunakis, Senior Directors Ben Johnson and David Sorensen and Associate Director George Pallis of Berkadia Seattle completed the $39.65 million in combined sales on behalf of the seller, Washington-based Sherron Associates, LLC. The…