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<\/p>\n <\/p>\n
\n Courtesy of Colliers\n <\/p>\n
\n 601 S. Figueroa in Downtown Los Angeles\n <\/p>\n
Former Brookfield leasing leader John Barganski has joined the team working on 601 S. Figueroa St. The new owner, Uncommon Developers, hired Barganski as an adviser for the 52-story office tower following its purchase of the property in June<\/a>, according to a release from Colliers.\u00a0<\/p>\n Barganski will collaborate with Colliers\u2019 integrated advisory services team and leasing advisers for the property, Vice Chair Matthew Heyn and Executive Vice President Ian Gilbert, to execute a leasing strategy for the tower.<\/p>\n Barganski most recently worked as senior vice president of office leasing at Brookfield Properties, where he worked across the Los Angeles, San Francisco and Seattle markets.\u00a0<\/p>\n PEOPLE<\/strong><\/p>\n SRS Real Estate Partners hired Brad Fox as a senior vice president. Based in the firm\u2019s Inland Empire office, Fox will steer the growth of SRS\u2019 industrial services in the key market.\u00a0<\/p>\n Fox has closed more than $330M in transactions throughout the Inland Empire. He specializes in industrial investment sales, site selection and large-scale leasing assignments, delivering tailored solutions to institutional investors, developers and corporate occupiers alike. Fox previously served as a senior vice president at Voit Real Estate Services, where he was a top producer for the firm.<\/p>\n SALES<\/strong><\/p>\n New York Life sold an office complex at 400 and 600 Corporate Pointe in Culver City for $72.5M. The buyer was Sunny Hills Capital Management Co. The sale price works out to $160M per SF, according to The Real Deal<\/a>.\u00a0<\/p>\n ***<\/p>\n Villa Del Mar Properties and Far West Management have sold Villa Del Mar, a 198-unit waterfront apartment community in Marina del Rey. The sale price was not disclosed in a release from Colliers but was $62M, according to The Real Deal<\/a>.\u00a0<\/p>\n Colliers Vice Chair Kitty Wallace represented both the seller and a private, undisclosed buyer.\u00a0<\/p>\n Villa Del Mar is one of just 16 harborside multifamily communities in the Marina. In addition to a pool, spa, basketball courts and parking, the property has 209 boat slips. The sale marks the first waterfront multifamily transaction in Marina del Rey since 2019.\u00a0<\/p>\n ***<\/p>\n CBRE sold 818 Gretna Green Way, a 27-unit multifamily property in Brentwood, for $18M. The seller and buyer were not disclosed, but CBRE\u2019s Adam Peterson and Emil Gurfinkel represented both parties.\u00a0<\/p>\n LEASES<\/strong><\/p>\n SRS Real Estate Partners has completed a roughly $2.8M ground lease sale of a single-tenant, net-leased Dutch Bros. Coffee property at 4236 N. Varsity Ave. in San Bernardino.\u00a0<\/p>\n SRS Capital Markets\u2019 Senior Managing Principals Patrick Luther and Matthew Mousavi represented the seller, an affiliate of Paragon Commercial Group. The buyer was a private California investor completing a 1031 exchange\u00a0that was represented by JT Real Estate Group.\u00a0<\/p>\n FINANCING<\/strong><\/p>\n Unibail-Rodamco-Westfield lined up a $925M refinance of its Westfield Century\u00a0City mall that is\u00a0set to close<\/a>\u00a0before the end of July,\u00a0according to a report from Fitch Ratings. The financing, which will be originated by\u00a0Bank of America,\u00a0Goldman Sachs,\u00a0Morgan Stanley,\u00a0Santander Bank\u00a0and an affiliate of Deutsche Bank, will replace $925M in financing URW secured for the mall<\/a>\u00a0in 2023. The property has no other debt, a spokesperson told Bisnow.\u00a0<\/p>\n ***<\/p>\n CBRE secured a $98M loan to refinance Radian, a 241-unit, Class-A apartment complex at 675 Ninth Ave. in San Diego. The property holds a mix of one-, two-, and three-bedroom units and five penthouses. The building includes a two-story ground-floor retail space and a rooftop pool and spa.<\/p>\n Mark McGovern, Scott Peterson and Morgon Fraser with CBRE Capital Markets\u2019 Debt & Structured Finance arranged the three-year fixed-rate permanent loan on behalf of the borrower, a partnership between Cisterra Development and Spruce Capital Group.<\/p>\n","protected":false},"excerpt":{"rendered":"Courtesy of Colliers 601 S. Figueroa in Downtown Los Angeles Former Brookfield leasing leader John Barganski has joined…\n","protected":false},"author":3,"featured_media":79792,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5123],"tags":[26489,1582,276,54850,2961,224,5337,54851],"class_list":{"0":"post-79791","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-los-angeles","8":"tag-brookfield-properties","9":"tag-ca","10":"tag-california","11":"tag-john-barganski","12":"tag-la","13":"tag-los-angeles","14":"tag-losangeles","15":"tag-uncommon-developers"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/114889457932720787","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/79791","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=79791"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/79791\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/79792"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=79791"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=79791"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=79791"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}