207 GOODE IN GLENDALE GETS FINANCING

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GLENDALE, CALIF. — Mesa West Capital has provided a $24.5 million loan to capitalize 207 Goode, an office building off Brand Boulevard in Glendale. The building was completed in 2009 as a speculative development by MPG Office Trust. The new owners — a joint venture between Morgan Stanley Real Estate and Lincoln Property Co. — acquired the building at a discount to replacement cost in a short sale in October 2010. The building is largely vacant, but ownership has been in discussions with a number of tenants.

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