LOS ANGELES — Capital Foresight has received a $23.8-million acquisition loan to purchase the 132-unit Santa Fe Lofts in Downtown Los Angeles. The total purchase price for the apartment community was $35 million. The seller was The Kor Group. The loan features an interest rate of 2.5 percent with two years of interest-only. It was arranged by Brian Eisendrath with CBRE’s Debt and Equity Finance group through Fannie Mae.
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CHANDLER, ARIZ. – Chandler Corporate Center, a 67,500-square-foot, Class A office building, has received $6.4 million in acquisition financing. The building is fully occupied by three tenants. Financing was arranged by Tim Storey and George Mitsanas of Newmark Realty Capital through a life insurance company.
FARFIELD, CALIF. – An 8,996-square-foot building in Farfield that is net leased to Beverages & More (BevMo!) has sold to a private investor for $3.1 million. It is located at 1545 Holiday Lane. The buyer was represented by Jacob Levy of Marcus & Millichap’s San Francisco office.
BEVERLY HILLS, CALIF. – A 120,000-square-foot, Class A office building that resides within the Golden Triangle of Beverly Hills has sold to Clarion Partners for $80 million. The Golden Triangle is a high-end retail, dining and hospitality district. The fully occupied building is located at 100 N. Crescent Drive.
LOS ANGELES – A 151,029-square-foot, Class A entertainment office complex known as Tribeca West has sold to Kilroy Realty Corp. for $73 million. The property is located at 12233 W. Olympic Blvd. in Los Angeles. It is 97 percent leased. Notable tenants include Disney, HBO & NBC studios. Bob Safai of Madison Partners represented both the buyer and the seller, Ocean West Capital Partners, in this transaction.
HOLLYWOOD, CALIF. – The 56-unit El Royale apartment community in Hollywood has sold for $29.5 million. The community is located at 450 North Rossmore Ave. It was originally built in 1929. The buyer’s acquisition team included Kamran Hakim, a developer and investor, and Farhad Eshaghpour, a real estate professional. The seller, a family trust that had owned El Royale for more than 50 years, was represented by Ron Harris, Stewart I. Weston and Joseph Smolen of Institutional Property Advisors.
SANTA ANA, CALIF. – A 20,556-square-foot industrial buildingin Santa Ana has sold to Wendy Chai for $2.06 million. It is located at 1513 E. Saint Gertrude. Chai was represented by Matthew Christianson of Jones Lang LaSalle. The seller, Vincent Servin, was represented by John Collins and Kevin Thomas of Lee & Associates’ Newport Beach office.
BEVERLY HILLS, CALIF. – A 120,000-square-foot, Class A office building that resides within the Golden Triangle of Beverly Hills has sold to Clarion Partners for $80 million. The Golden Triangle is a high-end retail, dining and hospitality district. The fully occupied building is located at 100 N. Crescent Drive.
LOS ANGELES – A 151,029-square-foot, Class A entertainment office complex known as Tribeca West has sold to Kilroy Realty Corp. for $73 million. The property is located at 12233 W. Olympic Blvd. in Los Angeles. It is 97 percent leased. Notable tenants include Disney, HBO & NBC studios. Bob Safai of Madison Partners represented both the buyer and the seller, Ocean West Capital Partners, in this transaction.
HOLLYWOOD, CALIF. – The 56-unit El Royale apartment community in Hollywood has sold for $29.5 million. The community is located at 450 North Rossmore Ave. It was originally built in 1929. The buyer’s acquisition team included Kamran Hakim, a developer and investor, and Farhad Eshaghpour, a real estate professional. The seller, a family trust that had owned El Royale for more than 50 years, was represented by Ron Harris, Stewart I. Weston and Joseph Smolen of Institutional Property Advisors.