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City: Long Beach
Shoreline Square
90 percent occupied.
Shoreline Square/301 East Ocean Blvd.
90 percent occupied.
Landmark Square/111 West Ocean Blvd.
89 percent leased.
49 percent stake in two neighboring hotels in Long Beach, Calif., with a total of 377 rooms
The properties are the DoubleTree Hotel Maya, with 199 rooms, and Residence Inn Long Beach Downtown, with 178 rooms. The Hotel Maya was encumbered by $15 million of debt with a 6.5 percent coupon that was slated to mature next ...
Archstone Long Beach Harbor
Fannie Mae provided a $26.8 million mortgage with a 10-year term and 3.665 percent fixed coupon to fund the purchase.
1500 Hughes Way
74 percent leased. The property is unencumbered by debt.
Park Tower/5150 East Pacific Coast Highway
96 percent leased. The building served as collateral for a $9.1 million loan that was securitized through LB-UBS Commercial Mortgage Trust, 2002-C1. It was set to mature next February.
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