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From the Newsroom
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…
July 7, 2021
Berkadia Negotiates $23.6 Million Multifamily Sale in Los Angeles
EL SEGUNDO, CA – July 7, 2021 – Berkadia announced today the sale of 720 South Normandie Avenue and 709 South Mariposa Avenue, two midrise-style multifamily properties totaling 101-units in Los Angeles, California. Senior Managing Director Brent Sprenkle of Berkadia El Segundo led the transaction on behalf of the buyer, Prana Investments, and the seller, Jamison. The properties sold for…
July 7, 2021
Berkadia Secures Senior Loan for Repositioned Mixed-Use Property in Jacksonville, Florida
ORLANDO, FL– July 7, 2021 – Berkadia today announced the refinancing of San Marco East Plaza, a 94 percent leased property in Jacksonville, Florida. Managing Director Rebecca Van Reken and Associate Director Alec Fox of Berkadia Orlando secured the bank financing on behalf of the owner, Prescott Group. Dallas-based Prescott Group took ownership of the asset via foreclosure in March…