SAN DIEGO - Jan. 10, 2012 - Aliso Viejo, Calif.-based CT/KDF Community Development Partners, a joint venture between CT Realty Investors and KDF Communities, has placed $10.45 million of its New Markets Tax Credit (NMTC) allocation to develop a 36,000-square-foot, freestanding market in the Mercado del Barrio project in Downtown San Diego in concert with its investment partner, Wells Fargo. read more -->
LANCASTER, CALIF. – Jan. 17, 2012 - Aliso Viejo, Calif.-based CT/KDF Community Development Partners, a joint venture between CT Realty Investors and KDF Communities, in concert with its investment partner, U.S. Bancorp Community Development Corp., has placed $16.15 million of its New Markets Tax Credit (NMTC) allocation with a subsidiary of InSite Development of Woodland Hills, Calif. The NMTC funds will be used to redevelop four properties along the new Lancaster Promenade, now known as The BLVD, in downtown Lancaster, Calif. read more -->
ALISO VIEJO, CALIF. - Oct. 25, 2011 - Aliso Viejo, Calif.-based CT/KDF Community Development Partners, a joint venture between CT Realty Investors and KDF Communities, has provided $9.4 million in New Markets Tax Credit (NMTC) financing to develop a new $28.35 million wellness center in Jackson, Tenn. The financing was provided in concert with Wells Fargo Bank, which led a consortium of community development entities including CT/KDF in financing the project. read more -->
ANAHEIM, CALIF. - Feb. 1, 2011 - Knightsbridge Realty Capital, Inc. recently arranged financing of just under $3 million for the renovation of a retail center on N. Anaheim Blvd. in Anaheim, Calif. The transaction includes a first trust deed loan supplemented with proceeds provided through the U.S. Treasury Department’s New Markets Tax Credit (NMTC) program, and accomplishes the goals of President Obama’s Healthy Food Financing Initiative announced in February 2010. read more -->
PASADENA, CALIF. - December 9, 2009 - CT/KDF Community Development Partners, LLC, of Newport Beach, Calif., announced that it has closed $36 million in new financing for the Raymond Renaissance project in Pasadena, Calif. Located at 121-129 No. Raymond Ave. in the heart of Downtown Pasadena at the corner of Raymond and Holly Street, the project includes the historical restoration of the 1920s Jensen Raymond Theatre, the creation of 47 residential and commercial condominiums, and three ground-floor retail spaces along Holly Street. read more -->
NEWPORT BEACH, CALIF. - October 06, 2009 - CT/KDF Community Development Partners, LLC, of Newport Beach, Calif., announced that it has closed the financing of $15.5 million in construction take-out funds for the Citrus Crossing retail center in Azusa, Calif. Located in the southwest quadrant of Citrus Avenue and Alosta Avenue, Citrus Crossing is a 172,000-square-foot community center that was overhauled and re-tenanted... read more -->
New Markets Tax Credit Rescues Developer and Lender. In downtown Pasadena, the Federal New Markets Tax Credit Program (NMTC) was used to assure the completion of a troubled mixed-use real estate project, rescuing both the developer and construction lender from a potentially costly mess. read more -->
Although Sarah Woodward handled billions of dollars of loans for what was one of the Southland's most prominent commercial real estate lenders, she says she doesn't view herself as a "classic banker, per se" but as a "real estate junkie." Yet real estate was not on her radar when she was studying statistical survey research at the University of Michigan read more -->
The California Real Estate Journal gathered five Orange County real estate experts to discuss how the region will cope with this extreme makeover, highlight its unique identity and create new opportunities for investment and growth far into the future. read more -->