Parkview Financial Acquires New Headquarters in Los Angeles for $19 Million

Direct private lender Parkview Financial has paid $19 million to acquire a building in Brentwood that will serve as its new headquarters. The company will take up the second floor of the three-story, 24,317-square-foot office building at 11440 San Vicente Blvd.

“We have grown out of our current space and are thrilled to acquire this quality asset for use as our new Los Angeles headquarters. It will also elevate our brand and visibility in this market,” Paul Rahimian, Parkview Financial CEO and founder, said. “Additionally, this location enables us to nearly triple our footprint as we are looking to expand from 15 to 25 employees in the Los Angeles office over the next 18 months.”

Parkview Financial has begun a $2 million renovation of the common areas. The company will invest around $6 million in capital expenditures on the building’s exterior. They are scheduled to move in at the end of this year.