IN THE NEWS
‘The Launch’ snares new tenants in creative campus by JWA
April 19, 2019 – OC Register
Irvine Co. has signed 18 companies to lease nearly 83,000 square feet at the “The Launch,” a creative workplace across from John Wayne Airport.
The landlord in a statement said the property underwent a multimillion-dollar reinvestment that wrapped up in January.
Irvine Co. in 2017 emptied the buildings, once called Airport Business Center, to modernize them and add amenities. New digs include a fitness center, conference center and outdoor workspace.
The twin buildings at 18600 MacArthur Boulevard total 120,000 square feet. and is 70 percent leased, according to Irvine Co.
New tenants include: Office Furniture Group leased 11,629 square feet; SAA interiors + architecture leased 6,679 square feet; Berkshire Hathaway HomeServices California Properties leased 6,538 square feet; and Talonvest Capital leased 2,333 square feet. Other tenants include Parkway Construction & Architecture, Carlile Coatsworth Architects and SourceStrike. View Full Story.
Talonvest Capital Raises $50K, Wins Fundraising Award at ‘Walk for Kids’
April 19, 2019 – OC Register
Irvine-based Talonvest Capital, a boutique commercial and self-storage real estate adviser, has received the 2019 Top Corporate Fund-Raising Award for the fifth consecutive year from the Orange County Ronald McDonald House at the “Walk for Kids.” More than 3,000 people walked at the annual 5k, which raised $302,977. Talonvest’s support will enable the Orange County Ronald McDonald House and Ronald McDonald Family Rooms to provide a “home away from home” for families of children receiving treatment in Orange County hospitals. View Full Story.
Talonvest Arranges $24M Loan
March 18, 2019 – Commercial Property Executive
Talonvest Capital has secured $23.7 million in financing on behalf of Leon Capital Group for the construction of two storage facilities in Portland, Ore. The two developments have separate, uncrossed loans featuring limited recourse and 42-month loan terms with interest-only payments and an 18-month extension option.
The developments will be located in Portland’s undersupplied trade areas on South East Division Street and South East Powell Boulevard, within 10 miles of the city’s downtown and around 8 miles from Portland International Airport. The first property on South East Division Street will encompass 113,115 net rentable square feet and the second facility will have 102,692 net rentable square feet. View Full Story.
Acquisition Financing Arranged for 150K-SF Fremont R&D Park
February 26, 2019 – Connect Media
Fremont Business Center, a nearly 150,000-square-foot, multi-tenant R&D business park in Fremont, CA, has traded hands. Talonvest Capital, Inc. arranged a $22.45 million bridge loan on behalf of Irvine, CA-based CIP Real Estate for the acquisition. The non-recourse bank loan with a four-year term will finance up to 68% of total project costs, including future funding for capital improvements and leasing costs.
CIP Real Estate’s Eric Smyth says, “We got the best combination of pricing, terms, and flexibility on this loan because of the competition Talonvest created.” View Full Story.
Talonvest arranges nearly $17.5 million loan for portfolio purchase
January 25, 2019 – Sparefoot Storage Beat
As lenders cautiously assess risk in a somewhat uncertain economic environment, Talonvest Capital Inc. recently secured an almost $17.5 million loan for acquisition of a three-facility self-storage portfolio in Rhode Island. Irvine, CA-based Talonvest, a self-storage and commercial real estate advisory firm, arranged the $17.455 million loan for an affiliate of Dallas, TX-based Rosewood Property Co. It’s a 65% non-recourse, fixed-rate lending package. The loan — with interest-only payments spanning the entire 10-year term — backed the purchase of three Self Storage Center properties in Rhode Island. The facilities encompass 1,416 units and 97 rentable parking spaces in 177,575 net rentable square feet. Talonvest team members who worked on the Rosewood loan include Erich Pryor, Jim Davies, Terra Hendrich and Tom Sherlock. View Full Story.