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City: Glendale
DreamWorks Animation SKG Studio/1000 Flower St.
fully leased to DreamWorks, a producer of animated films, which had signed a 20-year triple-net lease for its space. It has options to extend its lease by up to four additional five-year terms.
207 Goode Ave.
76 percent leased. Mesa West Capital had provided $24.5 million of financing to fund the Morgan Stanley/Lincoln purchase and leasing costs.
400 and 450 North Brand Blvd.
88 percent leased. The buyer used a $94 million loan, from JPMorgan, to facilitate its purchase. The five-year loan pays only interest for the life of its term.
520 North Central Ave.
61 percent occupied.
Glendale Plaza/655 North Central Ave.
95 percent leased.
Glendale Center/611 North Brand Blvd.
95 percent occupied. The property serves as collateral for a $125 million loan that's securitized through Wachovia Bank Commercial Mortgage Trust, 2006-C27. Special servicer LNR Partners took possession of the propertyin 2012after its then-owner, MPG Office Trust Inc., defaulted on the ...
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Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
