Office

LOS ANGELES — GE Real Estate has provided a $380 million first mortgage facility to Douglas Emmett Inc. for the acquisition of a six-building office portfolio located in Southern California. The 1.38 million-square-foot Class A portfolio includes 2001 Wilshire Boulevard in Santa Monica, Calif.; 9100 and 8383 Wilshire Boulevard in Beverly Hills, Calif.; 15250 and 16000 Ventura Boulevard in Sherman Oaks/Encino, Calif.; and 21300 Victory Boulevard in Warner Center/Woodland Hills, Calif. The properties are being acquired from Los Angeles-based Arden Realty. At the time of acquisition, the portfolio was 91 percent occupied by a variety of tenants, including Bosley Inc., Spark Networks, Shapell Industries, Dentsu America Inc., Zenith Insurance Company, Tobin Lucks, COMP Medical Group Inc., Zurich American Insurance and People’s Bank of California.

NORTHRIDGE, CALIF. — Irvine, Calif.-based Western National Group is developing Meridian Place, a 202-unit apartment community located at 9423 Reseda Blvd. in Northridge. The community offers four floorplans ranging in size from 655 to 1,107 square feet. Community amenities include a clubhouse, an outdoor fireplace, a media center with gourmet kitchen, a recreation room with pool table, a theater with surround sound, a business center, a resort-style swimming pool and spa, a state-of-the-art fitness center and subterranean parking. Occupancy is slated for June.

WESTMINSTER, COLO. — NBS Real Estate Capital, on behalf of Morrison Street series of private equity funds, has purchased a two-building office portfolio, which is located at the intersection of 121st Avenue and Pecos Street in Westminster, for $12.25 million. In addition to the 117,705-square-foot property, the sale also included a 2.52-acre land parcel entitled for future development. At the time of acquisition, the property was 89 percent leased to six tenants.