LOS ANGELES – Three new culinary concepts have signed onto FIGat7th in Downtown Los Angeles. They include Sprinkles Cupcakes, Mendocino Farms and THE MELT. They will join fellow restaurants such as Juicy Lucy, Loteria Grill, Oleego, Morton’s The Steakhouse, California Pizza Kitchen and Starbucks at the shopping and dining establishment. All three concepts are scheduled to open in December. FIGat7th is owned by Brookfield Office Properties. The company was represented by Kevin Dee and Ted Slaught, the center’s exclusive retail-leasing agents.
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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.
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.
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.
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.