Sub Markets

Property Sectors

Topics

California CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

California  + Los Angeles  + Apartments  | 

Oaktree Lends $125M on Downtown Glendale Apartments

JLL Capital Markets said Tuesday it had secured a $125-million financing for TenTen Campus, a newly built 228-unit Class A multifamily asset located in downtown Glendale. Senior managing director Chris Gandy and directors Ethan Habecker and Max Mraz represented the borrower, Amidi Real Estate Group, in securing a loan through Oaktree Capital Management.

The property is located at 414 N. Orange St. in downtown Glendale, near major employment centers as well as retail destinations such as Americana at Brand. It obtained its temporary certificate of occupancy in November 2024, with move-ins beginning in February of this year. Amidi achieved 95% occupancy at TENTEN Campus prior to the transaction closing.

“TENTEN Campus represents the newest Class A inventory in a supply-constrained market with strong fundamentals,” said Gandy. “The property’s premium location in downtown Glendale, combined with its high-quality construction and amenity package, positions it well to achieve full stabilization.”

Read More News Stories About: JLL
Connect

Inside The Story

JLL's Gandy

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).

  • ◦Financing
New call-to-action