Century City’s Anderson Towers Refinanced for $550M

Family-owned real estate development and management company Anderson Real Estate has completed a $550-million refinancing of Anderson Towers, its 98.1% leased, two-building office campus located at 1800 and 1900 Ave. of the Stars in Century City. The transaction represents the latest milestone in Anderson’s multi-year repositioning of Anderson Towers, which has included more than $300 million in capital improvements.

“We’ve invested in Anderson Towers because we believe deeply in the long-term strength of Century City and in creating office environments that will continue to attract leading companies to Los Angeles,” said Matt Lavin, executive chairman of Anderson Real Estate. “The leasing success we have achieved across the campus has validated that conviction.”

Wells Fargo served as primary lender and servicer, with JPMorgan Chase as secondary lender. Eastdil Secured Savills arranged the financing on behalf of Anderson. Allen Matkins represented Anderson, while Hogan Lovells Cadwalader represented the lenders.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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