City: Santa Monica

Commercial Real Estate Direct Staff Report Macerich Co. has negotiated another three-year term extension of the $300 million mortgage against the Santa Monica Place shopping mall in Santa Monica, Calif. The loan, securitized through Wells Fargo Commercial Mortgage, 2017-SMP, had transferred ...

Commercial Real Estate Direct Staff Report The $300 million CMBS loan against the Santa Monica Place shopping mall in Santa Monica, Calif., has transferred to special servicer Argentic Services Co. as its December maturity approaches. The loan is securitized through ...

Los Angeles Business Journal Douglas Emmett Inc. has paid $330 million, or $2.75 million/unit, for the 120-unit apartment property at 1221 Ocean Ave. in Santa Monica, Calif. The local REIT purchased the property from Irvine Co. of Newport Beach, Calif. ...

Commercial Observer Harrison Street has paid $156 million, or $1,457/sf, for two medical office properties with a combined 107,000 square feet in Beverly Hills, Calif., and Santa Monica, Calif. The Chicago investment management firm purchased the properties from Stockdale Capital ...

Deka Immobilien has paid $54.25 million, or $1,867/sf, for the 29,064-square-foot Whole Foods Santa Monica retail building in Santa Monica, Calif. The Frankfurt, Germany, investment manager bought the property, which is net leased under a long-term agreement to Whole Foods, ...

Commercial Observer Hulu has agreed to lease 351,000 square feet of office space in Santa Monica, Calif. The streaming service provider has signed a seven-year lease at the 1.13 million-sf Colorado Center. The six-building property, at 2500 Broadway, is owned ...

Black Equities Group Ltd. has paid $39.5 million, or $564,285/unit, for Citrus Suites, a 70-unit apartment property in Santa Monica, Calif. The Beverly Hills, Calif., company, which was founded in 1985 by Stanley Black, purchased the property from Equity Residential ...