The Real Deal Los Angeles

NGKF capital markets team bulks up with acquisition of SF finance firm

Regency Capital Partners team will add to company's Cali financing offerings
February 08, 2017 11:30AM

Regency Capital Partners principals Ramsey Daya and Jonathan Soffer

NGKF has acquired San Francisco boutique capital advisory firm Regency Capital Partners in a bid to expand its capital markets business on the West Coast, the brokerage announced Tuesday.

RCP, headed by Ramsey Daya and Jonathan Soffer, was formed in 2006 and arranged over $1.65 billion of debt and equity financing over the past 24 months, including over $550 million of construction debt, according to a statement from the firm.

“Our existing clients are thrilled about RCP joining NGKF and the financing sophistication we now offer in this market,” said Kevin Shannon, the Los Angeles-based president of NGKF Capital Markets. “This sought-after team catapults us to the forefront of capital markets in a unified way and builds on our momentum throughout the West Coast.”

Regency specialized in structured debt and equity for large office and multifamily developments. It secured $135 million in equity and bridge financing for the Emery Bay Condominiums in Emeryville, C.A. and $125 million in permanent financing for 123 Mission Street, an office building in San Francisco, per recent deals listed on its website.

Its five-person team, which also includes Michael Grausz, Chris Moritz and Travis Bailey, will work out of the company’s San Francisco office alongside Steven Golubchik and Grant Lammersen, co-heads of capital markets in Northern California.

NGKF made a splash in L.A. last year when it poached Shannon from CBRE to be its capital markets chief. Since moving to the company, he has brokered several major sales, including a $330 million deal for CBRE’s L.A. headquarters to a joint venture between Pittsburgh, Pennsylvania, firm PNC Financial Services Group and Munich, Germany-based real estate fund manager GLL Real Estate. [Connect]Cathaleen Chen