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

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