Real Estate

Schroders invests in commercial real estate lending firm A10 Capital


Global investment manager Schroders has taken a 20% equity investment in, and provided financing in connection with the recapitalisation of, A10 Capital, a full-service commercial real estate (CRE) lending organisation specialising in mid-market CRE loans, including bridge and permanent loans. Schroders’ investment is being made alongside an investment by Gemspring Capital, a middle market private equity firm based in Westport, Connecticut. Concurrent with the investment, Schroders and A10 have entered into an agreement through which Schroders will benefit from A10’s extensive origination network and servicing platform to access mid-market CRE loan opportunities for its clients. The agreement also provides A10 with the opportunity to significantly diversify its balance sheet funding model. Karl Dasher, CEO – North America and co-head of Fixed Income, at Schroders says, “A10 has established a technology driven platform with a strong credit culture that fits well with our investment and corporate culture. Their sourcing and servicing…

Real Estate

These Seattle apartments are being built in Boise, Idaho. Here’s why


A worker in Boise puts together an apartment bound for Seattle. The apartment complex at Aurora and North 109th Street in Seattle was built on the cheap. That’s because Daniel Stoner, the developer, outsourced the building to Boise, Idaho, where labor and material costs are cheaper. “This entire building was built in Boise,” he said, gesturing to the large block building on one of Seattle’s most infamous highways. Seattle has boomed in recent years, but Aurora Avenue North has remained stagnant. That’s why city planners hope to build many new apartments buildings here. The problem: It’s expensive to build in Seattle, and developers can’t charge high rents on Aurora. So they have to find clever ways to keep their costs down. Stoner said this unorthodox method of building allowed him to lower rents by 15 to 20 percent. Some of these tiny apartments will go for $850 a month. The…

Real Estate

Two stadiums jockey for construction starts near downtown Boise

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The owners of the Boise Hawks baseball team would like to have a downtown Boise stadium ideal for soccer and baseball ready for the United Soccer League season starting in spring 2020. The open questions: Where would a downtown stadium be built and when would construction start? The only agreed-to date in play right now is October, … Complete access to news articles on is available to Idaho Business Review subscribers who are logged in. Subscribers may login at the login tab below. Others may join our audience with a subscription today. Source Article

Real Estate

Boise Cascade announces purchase of Lumberman’s Wholesale Distributors


For Immediate Release: March 13, 2018 BOISE, Idaho – Boise Cascade Company (Boise Cascade) (BCC) announced an agreement to acquire Lumberman`s Wholesale Distributors, a distributor of engineered wood products, commodity lumber items, and specialty building materials in Nashville, Tennessee. “We are very pleased to welcome the Lumberman`s associates to Boise Cascade. They have been an excellent distributor for nearly 50 years,” said Nick Stokes, Executive Vice President, Boise Cascade Building Materials Division. “This location will allow us to strengthen our nationwide presence and satisfy a growing demand for our products and services in the Tennessee Valley and Central Kentucky markets.” “We are excited to join Boise Cascade,” stated Garey Keltner, President, Lumberman`s Wholesale. “We believe there is a strong cultural and strategic fit that will allow us to grow and continue to serve our customers.” The acquisition is expected to be complete in the coming weeks. Boise Cascade is one…

Real Estate

Crystal Investment Property Brokers Sale of Birch Glen Lodge, Cascade, Idaho

Crystal Investment Property Brokers Sale of Birch Glen Lodge ...

Crystal Investment Property, LLC, (CIP) a member of Hotel Brokers International, announced the successful sale of the Birch Glen Lodge & Motel in Cascade, Idaho. CIP, a licensed Idaho broker, represented the Seller and Buyer in the sale. Joseph P. Kennedy, President of CIP, worked closely with the Seller and Buyer, as well as the parties’ otherprofessionals, to negotiate a mutually acceptable sale. The final sale price is confidential. As one of the largest lodging facilities open year-round, Birch Glen Lodge is the go-to place for lodging in Cascade, Idaho. Located in the picturesque mountains north of Boise, the large outdoor and indoor lodge facilities, along with 27 rooms, make Birch Glen exceptionally attractive for group events, family reunions, and receptions. It is especially renowned with the ice fishermen who flock to the area for world famous fishing in the winter. Joseph Kennedy, President of CIP said, “We enjoyed a…

Real Estate

Northwest Credit Unions lead grassroots advocacy support of S. 2155 by example

Instead of Taking on Gun Control, Democrats Are Teaming With ...

NWCUA, Northwest Christian Credit Union represent movement at news conference with senate banking chair Mike Crapo Despite ongoing gridlock on numerous other issues in the beltway, S.2155, The Economic Growth, Regulatory Relief, and Consumer Protection Act passed with bipartisan support out of the Senate Banking Committee, which Sen. Crapo chairs. The commonsense bill now has 26 Senate co-sponsors—13 Democrats and 13 Republicans. “Unfortunately, community banks and credit unions across the country have long struggled to keep up with ever-increasing regulatory compliance and examiner demands coming out of Washington,” Sen. Crapo told reporters and a delegation of financial industry leaders who attended the event at the State Capitol. “In local economies, this places a strain on small businesses looking to open or grow.” “We recognize that Congress’ initial intent when they passed the Dodd-Frank Act of 2010, was to place well-intended restrictions curbing the practices of Wall Street’s “bad actors” who…

Real Estate

Downtown Boise parking rates rose on Feb. 1

Downtown Boise parking rates at meters and ParkBOI garages went up Feb.1. And, for the first time, drivers have to feed the meters on Saturdays, starting Feb. 3. The city of Boise, which governs parking meters, and the Capital City Development Corp., which owns the six ParkBOI garages, concurrently increased rates. The two coordinated rates to encourage … Complete access to news articles on is available to Idaho Business Review subscribers who are logged in. Subscribers may login at the login tab below. Others may join our audience with a subscription today. Source Article

Real Estate

The Fowler to welcome first residents by end of February

Downtown Boise’s newest upscale rental apartments expect to open to residents at the end of February, about a year behind schedule. The Fowler apartments at Fifth and Broad streets, like some other large construction projects, was plagued by delays from the epic 2016-17 winter, said Casey Lynch, CEO of LocalConstruct, the Los Angeles-based development company that … Complete access to news articles on is available to Idaho Business Review subscribers who are logged in. Subscribers may login at the login tab below. Others may join our audience with a subscription today. Source Article