Connect CRE reports the two-building Anderson Towers campus at 1800 and 1900 Avenue of the Stars is 98.1% leased.
Anderson Real Estate has completed a $550 million refinancing of Anderson Towers, its two-building Century City office campus, Connect CRE reported on Oct. 12. The buildings at 1800 and 1900 Avenue of the Stars are 98.1% leased, according to the report.
Connect CRE describes the refinancing as the latest milestone in a multi-year repositioning of the campus, an effort it says has included more than $300 million.
Reported by the Real estate debt desk from Connect CRE. Published . Corrections
The campus at 1800 and 1900 Avenue of the Stars is 98.1 percent leased, per IREI.
NIC logged a 21st straight quarterly gain in those markets; just over 16,000 units were under construction in the second quarter.
StorageCafe says construction has concentrated in suburbs of fast-growing metros, but the balance is tilting toward urban sites in mid-sized markets.
Bridge Investment Group and Pacific Development borrowed the bridge loan, which funded an interest reserve and returned equity.
Bridge, Declaration Partners and Avery Hall are the sponsors; coupon and spread were not disclosed.
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