SOMO Village

SOMO Village Ribbon-Cutting Marks Residential Development Milestone

Retrieved on: 
Friday, August 18, 2023
Music, Common Kings, Food, SOMO Village, American Idol, The Open House, RSVP, Season, Open House, Project, House, Entertainment

ROHNERT PARK, Calif., Aug. 18, 2023 /PRNewswire/ -- SOMO Village celebrates a pivotal milestone as home building begins for this visionary mixed-use community.

Key Points: 
  • ROHNERT PARK, Calif., Aug. 18, 2023 /PRNewswire/ -- SOMO Village celebrates a pivotal milestone as home building begins for this visionary mixed-use community.
  • The SOMO Village Ribbon-cutting will take place on Thursday, September 14, from 4:00 pm to 6:00 pm at 1400 Valley House Dr., Rohnert Park, CA 94928.
  • This special event marks the introduction of the residential component at SOMO Village.
  • The 5:30 pm Ribbon-cutting ceremony features esteemed speakers and dignitaries, including Brad Baker, Founder and CEO of SOMO Village.

KBRA Assigns Preliminary Ratings to MSWF 2023-1

Retrieved on: 
Thursday, May 11, 2023
Professional Services, Finance, KBRA, CMBS, Pacific Design Center, KLTV, Probability, CX, SOMO Village, Water Street, Security (finance), Telescopic sight

KBRA is pleased to announce the assignment of preliminary ratings to 36 classes of MSWF 2023-1, a $664.0 million CMBS conduit transaction collateralized by 30 commercial mortgage loans secured by 30 properties.

Key Points: 
  • KBRA is pleased to announce the assignment of preliminary ratings to 36 classes of MSWF 2023-1, a $664.0 million CMBS conduit transaction collateralized by 30 commercial mortgage loans secured by 30 properties.
  • The collateral properties are located throughout 18 MSAs, of which the three largest are Houston (14.8%), Boston (9.9%), and Los Angeles (8.9%).
  • The pool has exposure to all major property types, with four types representing more than 10.0% of the pool balance: industrial (31.1%), mixed-use (22.6%), office (19.7%), and lodging (10.9%).
  • KBRA capitalization rates were applied to each asset’s KNCF to derive values that were, on an aggregate basis, 42.5% less than third party appraisal values.

Schelin Uldricks & Co. Successfully Arranges $63,000,000 in Financing For 593,645 Square Foot Mixed-Use Project in Rohnert Park, California

Retrieved on: 
Tuesday, April 18, 2023
CMBS, Housing, SOMO Village, Real estate

NEWPORT BEACH, Calif., April 18, 2023 /PRNewswire/ -- Schelin Uldricks & Co. announces that it has arranged a $63,000,000 loan to refinance SOMO Village, a 593,645 square foot mixed-use real estate project in Rohnert Park, California.

Key Points: 
  • NEWPORT BEACH, Calif., April 18, 2023 /PRNewswire/ -- Schelin Uldricks & Co. announces that it has arranged a $63,000,000 loan to refinance SOMO Village, a 593,645 square foot mixed-use real estate project in Rohnert Park, California.
  • The new financing enabled the property owners to recapitalize and access some of the equity in the project to fund the construction of residential development on unencumbered land adjacent to the site.
  • "We marketed this financing opportunity across a wide spectrum of lenders including regional banks, CMBS lenders, life companies, and money center banks.
  • The project generates 4 megawatts of energy across the vast array of solar panels affixed to the roof of the project thus drastically reducing reliance on the California energy grid.

DOORS OPEN TO COWORKING, WELLNESS CONCEPT: A FIRST FOR THE NORTH BAY REGION

Retrieved on: 
Thursday, September 29, 2022
Collaboration, Organization, Industry, Acupuncture, Eye, Exercise, Community manager, Meditation, House, Massage, SMART, VR, Hotel, Retail, SOMO Village

Founded in the belief that professional success and personal well-being are inherently connected, SOMO Cowork offers 24000 sq.

Key Points: 
  • Founded in the belief that professional success and personal well-being are inherently connected, SOMO Cowork offers 24000 sq.
  • Enjoy the convenience of one of our 65 offices, or select from various membership packages designed to provide maximum flexibility.
  • Wellness amenities include a meditation room with zero gravity massage chair, massage room, movement room with VR headset, Spin room with NordicTrack Bike, and shower.
  • SOMO Cowork is an extension of the SOMO Village community, a mixed-use development located in Sonoma County, Northern California.