Office

LOS ANGELES — Alameda Square Campus, a 1.6-million-square-foot creative office, retail and light manufacturing campus in Downtown Los Angeles, has received a $78-million refinance. It is located at 7th and Alameda next to the historic 7th Street Produce Market. The loan will be used to refinance first- and second-lien mortgages that are currently secured by the campus. It will also finance tenant improvement and leasing costs for the 82,000-square-foot headquarters of Splendid and Ella Moss, two subsidiaries of VF Contemporary Brands. The campus is also the world headquarters for American Apparel. Groceries Apparel recently relocated to the campus in late 2012 to expand its operations as well. The three-year, adjustable-rate loan was arranged by HFF’s Paul Brindley and Jeff Sause on behalf of a subsidiary of EVOQ Properties. The loan was provided by Olen Properties.

LOS ANGELES — Water's Edge, a 6.5-acre creative office campus in the Los Angeles submarket of Playa Vista, has received a $105-million recapitalization loan. The funds will be used for tenant improvements and leasing commissions for the remaining space.Water's Edge currently includes two buildings totalling 260,000 square feet. It is also entitled for an additional 180,000-square-foot Phase II building, which will commence construction once preleasing is completed. A full-court basketball, sand volleyball court and outdoor swimming pool will open on the campus this summer. Financing was arranged by Rob Verrone of Iron Hound Management on behalf of Maguire Investments. Leasing efforts will be handled by Chris Strickfaden,Anthony Gatti,Brian NiehausandJaclyn Ward of Jones Lang LaSalle.

LOS ANGELES — Water's Edge, a 6.5-acre creative office campus in the Los Angeles submarket of Playa Vista, has received a $105-million recapitalization loan. The funds will be used for tenant improvements and leasing commissions for the remaining space. Water's Edge currently includes two buildings totalling 260,000 square feet. It is also entitled for an additional 180,000-square-foot Phase II building, which will commence construction once preleasing is completed. A full-court basketball, sand volleyball court and outdoor swimming pool will open on the campus this summer. Financing was arranged by Rob Verrone of Iron Hound Management on behalf of Maguire Investments. Leasing efforts will be handled by Chris Strickfaden, Anthony Gatti, Brian Niehausand Jaclyn Ward of Jones Lang LaSalle.

PHOENIX —AAA Northern California, Nevada & Utah Insurance Exchange has signed a 40-month lease for 41,752 square feet at Black Canyon Corporate Center in Phoenix. The building is located at 16404 N. Black Canyon Highway. It is now fully occupied. AAA was represented by Wally Hale and Kevin Mechelke of Jones Lang LaSalle. Black Canyon’s landlord, Parallel Capital Partners, was represented by John Bonnell and Brett Abramson, also of Jones Lang LaSalle.

PHOENIX –Allstate Insurance Company has signed an eight-year lease renewal and expansion for 35,560 square feet at Mesa Corporate Center in Phoenix. The 105,168-square-foot office building is located at 1001 W. Southern Ave. Allstate was represented by James Robinson with Phoenix Realty Advisors. The landlord, Parkway Properties, L.P., was represented by Matt Nebeker of Cassidy Turley Arizona’s Office group.