California CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Angelo Gordon, Lincoln Property Co. Acquire 4 Assets
Connect Orange County is tomorrow, September 25 at The Boardwalk in Orange County. One of the largest events in Southern California commercial real estate, it’s a can’t miss event. Take a tour of the epic new project, hear the speakers, and stay for the networking. Click here to get more information and register to attend.
PCCP, LLC provided a $128 million senior loan to a joint venture of Angelo Gordon and Lincoln Property Company for the acquisition and leasing of a portfolio of four office assets totaling 540,000 square feet in Newport Beach and Irvine.
The portfolio includes the 181,000-square-foot Redstone Plaza, the 83,000-square-foot 1201 Dove in Newport Beach, the 163,000-square-foot Inwood Park (pictured), and the 112,000-square-foot Newport Summit in Irvine.
The portfolio is well-occupied by tenants in a range of industries including finance, marketing, tech, food and beverage, legal, healthcare, and real estate. The joint venture’s plan is to execute a capital improvement plan to capitalize on strong rent growth and leasing in the submarket and lease any remaining vacancy.
For comments, questions or concerns, please contact Dennis Kaiser


