Commercial real estate’s appeal still great

Ever since the Great Recession of 2008, investors have been patiently waiting for secondary markets to rebound while so many private-equity real estate funds have plummeted. Fast-forward to today and Portland is a rising star with a robust local economy….

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Bill Naito Company Refinances Portland’s Second Largest Office Building

In financing news out of Portland, Montgomery Park LLC, a subsidiary of the Bill Naito Company, has obtained $66 mil in refi money for Montgomery Park, Portland’s second largest office building. The loan was arranged by NBS Financial Services and…

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NBS Financial Secures $66M in Portland, Ore.

NBS Financial Secures $66M: NBS President Ken Griggs and Finance Officer Paddy Ryan represented lender Voya Financial, New York, and structured a 20-year loan with a 25-year amortization schedule for borrower Montgomery Park LLC, a subsidiary of the Bill Naito…

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Refinance Arranged for Montgomery Park

NBS Financial Services president Ken Griggs and finance officer Paddy Ryan have secured $66 million in refinancing for Montgomery Park, Portland’s second largest office building at nine stories high and 687,556 square feet.

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Portland’s second-largest office building gets $66M refinance to help fund energy upgrades

NBS Financial Arranges $66M for Montgomery Park: One of the Naito family’s remaining Portland properties — the second-largest office building in the city — has gotten a fresh refinancing.

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Promotions and Hires

Ted Rabban joined Norris, Beggs & Simpson Financial Services in its new Phoenix office as vice president. He has more than 30 years’ experience in the commercial real estate industry. 

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People on the Move

Ted Rabban has joined Norris, Beggs & Simpson Financial Services as their newest Vice President. His appointment is concurrent with the expansion of NBS Financial in the Phoenix market. As a Phoenix native, Ted has more than 30 years’ experience…

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People on the Move

With over 8 years’ experience in commercial real estate finance, Joe Jurczak most recently worked for Walker & Dunlop in Walnut Creek, CA as an underwriting analyst and specialized in structuring Fannie Mae, Freddie Mac, and FHA/HUD loans for profit…

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NBS Financial Services Arranges Trio of Deals Totaling $40 Mil in Financing

NBS Financial Services’ Associate Vice President Jeff Henderson has arranged a combined total of $40.2 mil in a recent string of financing deals.

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NBS Arranges for Seattle-Area Transactions

NBS Financial Services’ has arranged a combined total of $40,226,000 in a recent string of significant transactions. The firm’s associate vice president Jeff Henderson executed all three deals.

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Joe Jurczak joins Norris, Beggs & Simpson

Joe Jurczak has joined the financial services team at Norris, Beggs & Simpson. He has more than eight years of experience in the area of commercial real estate finance.

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Multifamily Portfolio in Washington Receives $19.4 Million

A two-property multifamily portfolio in Washington has received $19.4 million in financing. The portfolio includes the 181-unit Westlakes Apartments in Olympia and the 110-unit Poplar Lanes Apartments in Lynnwood.

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Growth Impacting Commercial Real Estate Market

Portland residents know the city is experiencing a boom in apartment construction. However, that’s just the most visible sign of a red hot real estate market that is triggering commercial and residential construction throughout the region.

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NBS Arranges Acquisition Financing for FedEx Portfolio

TIC – RI Pullman, L.L.C., RI Cascade, L.L.C., RI Elk Grove, L.L.C. (Rood TICs), has received a combined $52 million in acquisition financing for three, newly constructed FedEx Ground distribution centers in its need to satisfy a 1031 exchange.

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NBS gets financing for The Douglas

Mike Wood and Austin Johnson of NBS Financial Services arranged $18 million in permanent financing for The Douglas, 81 units of student housing with 259 beds at 1223 E. Cherry St. near Seattle University. 

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People on the Move: Adele Copp

Eight Norris, Beggs & Simpson Companies employees were awarded advanced titles at the company’s annual Awards Banquet on January 24. Adele Copp was promoted to Assistant Manager of Loan Administration.

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