City: Santa Monica

Commercial Real Estate Direct Staff Report Trigild has been appointed to serve as receiver for the Santa Monica Place shopping mall in Santa Monica, Calif., that backs a $300 million CMBS loan. The 523,139-square-foot retail property is owned by Macerich ...

Commercial Real Estate Direct Staff Report Drawbridge Realty has paid $185 million, or $819.41/sf, for the 225,773-square-foot Arboretum Gateway office property in Santa Monica, Calif. The San Francisco investment manager purchased the property from Clarion Partners, which had acquired it ...

The Real Deal Edward Thomas Cos. has secured $400 million of fresh financing against two hotels with 327 rooms in Santa Monica, Calif. Citi Real Estate Funding originated the debt, which is being included in an upcoming CMBS conduit transaction. ...

Federal Realty Investment Trust has sold the eight remaining buildings at the Third Street Promenade mixed-use property in Santa Monica, Calif., for $103 million, or $556.76/sf. The Bethesda, Md., REIT previously had sold one other building at the property for ...

Commercial Real Estate Direct Staff Report Macerich Co. is turning over Santa Monica Place, a 523,139 square foot shopping mall in Santa Monica, Calif., to its lender, a CMBS trust that holds a $300 million loan against it. The transfer ...

Commercial Real Estate Direct Staff Report A total of 2,814 CMBS loans against office or mixed-use properties, with a balance of $75.68 billion, come due by year-end 2025. That normally might not pose a challenge, but lenders generally are less ...

The Real Deal WS Communities is offering for sale 11 apartment properties with 399 units in Santa Monica, Calif. The local development firm has hired JLL to market the properties, which it has owned since the early 2000s. Nine of ...

Commercial Real Estate Direct Staff Report The $300 million loan against the 527,000-square-foot Santa Monica Place Mall in Santa Monica, Calif., has transferred to special servicer Argentic Services Co. as its expected to default at its upcoming maturity. The transfer ...

Commercial Real Estate Direct Staff Report Boston Properties has acquired the 45 percent stake in the Santa Monica Business Park held by the Canada Pension Plan Investment Board, giving it full ownership of the 1.12 million-square-foot office complex in Santa ...