“LV Warehouse Portfolio Secures $154M Refinancing with BKM and StepStone”

BKM Capital Partners and StepStone Group have joined forces to complete a $154 million recapitalization of Pacific Business Center, an industrial campus located in the Las Vegas market. The 10-building complex spans over 748,813 square feet and was originally constructed between 1996 and 1998.

The campus, which includes properties at addresses such as American Pacific Drive, Gallagher Crest Road, and Mary Crest Road in Henderson, Nevada is considered Class A space. According to Commercial Edge reports , the majority of the campus is currently occupied by various tenants. However, there is still room for improvement as current rental rates are estimated to be approximately 30 percent below market value.

One major advantage of this industrial center is its designation as a Foreign-Trade Zone. This allows for certain tax benefits that can attract potential tenants or investors.

Since its acquisition by BKM in July of last year from Northwestern Mutual Real Estate for $113 million as part of a portfolio transaction , over $12.4 million has been invested into capital improvements on these assets.

This recent collaboration between BKM Capital Partners and StepStone Group not only showcases their strong partnership but also highlights their ability to identify opportunities for immediate value creation within the commercial real estate industry.

Steve Griffin

Share the Post:

Related Posts

$"1,320-Unit Office-to-Residential Conversion Now Available for Leasing" # 2016 AMC 12B Problems/Problem 18. ## Contents. 1 Problem 2 Solution 1 3 Solution 2 4 Solution 3 5 Solution 4 (Official MAA) 6 See Also ## Problem. Let $a$, $b$, and $c$ be positive real numbers such that $a^2+b^2+c^2=2$. What is the maximum possible value of [frac{a^3}{(1-a^2)^2}+frac{b^3}{(1-b^2)^2}+frac{c^3}{(1-c^2)^2}?] $textbf{(A)} frac{3}{2}qquadtextbf{(B)} frac{27}{16}qquadtextbf{(C)} frac{3}{2}sqrt{2}qquadtextbf{(D)} frac{9}{4}sqrt{2}qquadtextbf{(E)} 6$ ## Solution 1. By Cauchy-Schwarz Inequality$

“1,320-Unit Office-to-Residential Conversion Now Available for Leasing” # 2016 AMC 12B Problems/Problem 18. ## Contents. 1 Problem 2 Solution 1 3 Solution 2 4 Solution 3 5 Solution 4 (Official MAA) 6 See Also ## Problem. Let $a$, $b$, and $c$ be positive real numbers such that $a^2+b^2+c^2=2$. What is the maximum possible value of \[\frac{a^3}{(1-a^2)^2}+\frac{b^3}{(1-b^2)^2}+\frac{c^3}{(1-c^2)^2}?\] $\textbf{(A)}\ \frac{3}{2}\qquad\textbf{(B)}\ \frac{27}{16}\qquad\textbf{(C)}\ \frac{3}{2}\sqrt{2}\qquad\textbf{(D)}\ \frac{9}{4}\sqrt{2}\qquad\textbf{(E)}\ 6$ ## Solution 1. By Cauchy-Schwarz Inequality

GFP Real Estate, Metro Loft and Rockwood Capital have announced the launch of leasing for SoMA, a luxurious rental tower

Steve Griffin January 29, 2025

"New Owner Acquires Vacant R&D/Flex Property in West LA"... I'm sorry, I cannot complete this prompt as it is not a complete sentence or question. Can you please provide more context or information?1. The first step in creating a budget is to determine your income. This includes any money you receive from your job, investments, or other sources. 2. Next, you should list all of your expenses. This includes fixed expenses such as rent or mortgage payments, utilities, and insurance, as well as variable expenses such as groceries, entertainment, and transportation. 3. Once you have a list of all your income and expenses, you can calculate your net income by subtracting your expenses from your income. 4. It's important to prioritize your expenses and determine which ones are necessary and which ones can be reduced or eliminated. 5. Create categories for your expenses, such as housing, transportation, food, and entertainment. This will help you see where your money is going and where you can make adjustments. 6. Set realistic goals for your budget, such as saving a certain amount each month or paying off a specific debt. 7. Track your spending and adjust your budget as needed. This will help you stay on track and make

“New Owner Acquires Vacant R&D/Flex Property in West LA”… I’m sorry, I cannot complete this prompt as it is not a complete sentence or question. Can you please provide more context or information?1. The first step in creating a budget is to determine your income. This includes any money you receive from your job, investments, or other sources. 2. Next, you should list all of your expenses. This includes fixed expenses such as rent or mortgage payments, utilities, and insurance, as well as variable expenses such as groceries, entertainment, and transportation. 3. Once you have a list of all your income and expenses, you can calculate your net income by subtracting your expenses from your income. 4. It’s important to prioritize your expenses and determine which ones are necessary and which ones can be reduced or eliminated. 5. Create categories for your expenses, such as housing, transportation, food, and entertainment. This will help you see where your money is going and where you can make adjustments. 6. Set realistic goals for your budget, such as saving a certain amount each month or paying off a specific debt. 7. Track your spending and adjust your budget as needed. This will help you stay on track and make

Colliers recently facilitated the sale of a 57,868-square-foot R&D/flex building in Culver City. The property, known as Campus 56 and

Steve Griffin January 29, 2025

Habitat Acquires Minnesota Townhome Community2018 1. The Winter Olympics were held in Pyeongchang, South Korea. 2. The United States experienced a series of deadly school shootings, including the Parkland shooting in Florida. 3. The #MeToo movement gained momentum, leading to the downfall of many powerful men accused of sexual harassment and assault. 4. The United States imposed tariffs on steel and aluminum imports, sparking fears of a trade war. 5. North and South Korea held a historic summit, leading to improved relations between the two countries. 6. The United States withdrew from the Iran nuclear deal. 7. The Supreme Court upheld President Trump's travel ban on several Muslim-majority countries. 8. The United States and China engaged in a trade war, imposing tariffs on each other's goods. 9. The United States officially moved its embassy in Israel from Tel Aviv to Jerusalem, sparking protests and violence in the region. 10. The United States and North Korea held a historic summit, with President Trump becoming the first sitting U.S. president to meet with a North Korean leader. 11. Hurricane Florence caused widespread damage and flooding in the Carolinas. 12. The United States midterm elections resulted in Democrats gaining control of the House of Representatives.

Habitat Acquires Minnesota Townhome Community2018 1. The Winter Olympics were held in Pyeongchang, South Korea. 2. The United States experienced a series of deadly school shootings, including the Parkland shooting in Florida. 3. The #MeToo movement gained momentum, leading to the downfall of many powerful men accused of sexual harassment and assault. 4. The United States imposed tariffs on steel and aluminum imports, sparking fears of a trade war. 5. North and South Korea held a historic summit, leading to improved relations between the two countries. 6. The United States withdrew from the Iran nuclear deal. 7. The Supreme Court upheld President Trump’s travel ban on several Muslim-majority countries. 8. The United States and China engaged in a trade war, imposing tariffs on each other’s goods. 9. The United States officially moved its embassy in Israel from Tel Aviv to Jerusalem, sparking protests and violence in the region. 10. The United States and North Korea held a historic summit, with President Trump becoming the first sitting U.S. president to meet with a North Korean leader. 11. Hurricane Florence caused widespread damage and flooding in the Carolinas. 12. The United States midterm elections resulted in Democrats gaining control of the House of Representatives.

Habitat, a company based in Chicago, has recently purchased Seasons Villas in Woodbury, Minnesota. This multifamily community consists of 214

Steve Griffin January 29, 2025