This Week’s Denver Deal Sheet

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.

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Tower Capital Promotes George Maravilla to Partner; Leader Brings Critical CRE Structured Finance Expertise to Role, Instrumental in Firm’s BTR Sector GrowthDecember 11, 2023 - 8:17 pm
Empire Group Breaks Ground on $72.8 Million Village at Golden Triangle in Fort Worth, TexasNovember 15, 2023 - 3:33 pm
FORT WORTH, TEXAS — Empire Group of Cos. has secured a $72.8 million loan to develop Village at Golden Triangle, a build-to-rent development roughly 14 miles north of downtown Fort Worth. Tower Capital arranged the financing. BBL Building Co. is the general contractor. The developer has broken ground on the community, which is slated for […]
2023 Western States CMBA CREF Conference September 12, 2023 - 9:37 pm
Helping You Navigate Today’s Commercial Real Estate Financing Environment Las Vegas, NV – Members of our team recently attended the 2023 Western States CREF conference. It was a major success as we gained valuable insight into the current state of the Commercial Real Estate market and further fostered relationships with our lending and capital partners. […]
Insights from Vail: A 2023 View from the Top (8,150 ft) September 12, 2023 - 9:36 pm
I recently attended a captivating real estate summit at the picturesque Arrabelle Resort in Vail, Colorado, hosted by the Leadership Cabinet of the Jewish Federation of North America. The summit was an amalgamation of insights, ideas, and a wide range of sentiments about the ever-evolving real estate landscape. I’m excited to share some key takeaways […]
CRE Financing Patiently Awaits, Should the Music Stop – WMRE 2023 Midyear OutlookAugust 2, 2023 - 2:14 pm
Midway through the year, financial experts are still trying to understand how the U.S. banking crisis that unfolded quickly in the first few months of 2023 will play out in capital markets. Until the uncertainty clears, commercial real estate sponsors and borrowers must be patient as the pieces are reassembled in the capital markets and […]
Patience is a VirtueJuly 10, 2023 - 11:06 pm
Commercial real estate faces difficult times as the banking crisis wears on By Adam S. Finkel The U.S. bank crisis that unfolded quickly in the first few months of this year revealed several troubling themes and situations for both depositors and bankers. The concerns caused by these events impacted the national economy, capital markets and […]
RNR Real Estate BriefsJune 26, 2023 - 4:37 pm
Tower Capital arranged $120.5 million in financing for two build-to-rent communities in the Phoenix market. The lease-up bridge and construction financing is for the newly developed Village at Pioneer Park, a 332-unit project, and Village at Skyline Ranch, a 167-unit project. Tower Capital’s Kyle McDonough and George Maravilla arranged the financing. Read Article
Empire Group Obtains $120 Mil in Financing on Two AZ Build-to-Rent ProjectsJune 26, 2023 - 4:08 pm
Scottsdale, AZ-based Empire Group has secured $120.5 mil in financing for two Build-to-Rent (BTR) communities in the Phoenix market. The lease-up bridge and construction financing is for the newly developed Village at Pioneer Park, a 332-unit project, and Village at Skyline Ranch, a 167-unit project. The financing for the two deals was arranged by Tower […]
Ignore the headlines. Arizona’s water future is a lot brighter than they suggestJune 13, 2023 - 7:47 pm
Opinion: Why should Arizonans be confident we’ll overcome our water challenges? Because we have regulatory measures that produced years of positive results. Arizona has significant water challenges, but it is not on the brink of running out of water, as some media reports may suggest. While the challenges must be addressed, there are market solutions […]
Empire Group Secures $120.5 Million in Financing for Two BTR Communities Near PhoenixJune 13, 2023 - 3:51 pm
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 […]