PEORIA AND GLENDALE, ARIZ. — Empire Group has secured $120.5 million in financing for two build-to-rent (BTR) communities in the Phoenix metropolitan area. Kyle McDonough and George Maravilla of Tower Capital arranged the financing on both deals. The Scottsdale, Arizona-based developer received a $78.5 million bridge loan to refinance Village at Pioneer Park, a 332-unit BTR […]
Build-to-rent communities, a concept born in Arizona, are pushing further across the country and developers have found a friend in Tower Capital, which helps them secure financing to build their projects. Here’s why the BTR market — and the financing part of the equation — is showing no signs of slowing down in the Phoenix […]
For Tower Capital, the hits just keep coming. The Scottsdale company surpassed $1 billion in lending activity for the rapidly growing build-to-rent sector. The financings have helped developers add roughly 6,000 units across 35 communities across the Sunbelt. Tower Capital’s $1 billion milestone was met after recently arranging $120.5 million in financing for two build-to-rent […]
DENVER — Kevin Wieland has joined Tower Capital as a Senior Vice President. In this role, Wieland will arrange debt and equity capital for investors to acquire, develop, reposition or refinance commercial projects in the Rocky Mountain Region and key West Coast markets. Wieland previously served more than 13 years at LaSalle Investment Management, where […]
Kevin Wieland is joining Tower Capital as an SVP in Denver, advancing the firm’s expansion in the Rocky Mountain region. The former principal at LaSalle Investment Management will be responsible for arranging debt and equity capital for investors to acquire, develop, reposition or refinance commercial real estate projects in the Rockies and key West Coast […]
Kevin Wieland is joining Tower Capital as a senior vice president in Denver. Wieland served more than 13 years at LaSalle Investment Management and its predecessors. He earned an undergraduate degree in sociology from the University of California, Santa Barbara, and a master’s degree in real estate development from the University of Southern California. Source […]
Broomfield officials unanimously voted this week to close the 1stBank Center. The 16-year-old concert and sports venue will be torn down, and the land it sits on could be lumped into a 22-acre package that the city hopes to sell to a developer. Source Article
Adam Finkel And unlike the frozen credit markets of 2008, the current scenario “is more akin to a confidence crisis that will pass,” commented Tower Capital Principal Adam Finkel. “The situation is expected to calm down, stabilize and reveal a market that is fundamentally in a better spot than previously.” Other differences between then […]
The finalists for Az Business magazine’s Champions of Change Awards, sponsored by PNC Bank, are remapping the business landscape in Arizona. “The Champions of Change Awards spotlight those individuals and businesses in our communities who are truly moving the needle for Arizona,” says Amy Lindsey, publisher of AZ Big Media, which publishes Az Business magazine […]
The US commercial real estate debt markets navigated rising interest rates and macroeconomic and geopolitical turmoil for a number of solid transactions. Find out which organizations and deals were voted last year’s best. Source Article
