High-rise commercial buildings

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.

New call-to-action
California  + Los Angeles  + Finance  | 
PGIM Real Estate provided $114.61 million in fixed-rate financing to Barings Real Estate for The Ventana, a multifamily property in Playa Vista, CA

PGIM Real Estate Provides $115M to Barings for Playa Vista Acquisition

PGIM Real Estate has provided $114.61 million in fixed-rate financing on behalf of its core lending strategy to Barings Real Estate for The Ventana, a multifamily property in Playa Vista. Originally built in 2007, the luxury apartments feature 405 units in a beachfront community .

“PGIM Real Estate is excited to have been able to provide the financing to Barings Real Estate for The Ventana,” said Tom Goodsite, managing director at PGIM Real Estate. “It is gratifying to see the market continue to rebound and stabilize following the lengthy volatility caused by the COVID-19 pandemic.”

He continued, “Playa Vista has notably strong multifamily housing demand due to the proximity of high-paying tech employers in Silicon Beach, and PGIM Real Estate remains committed to identifying areas of opportunity in these need-based submarkets.”

Connect Orange County will take place Sept. 27, 2023 at VEA | Newport Beach Marriott in Newport Beach, concurrently with Connect Healthcare Real Estate on Sept. 27 and 28. Click here to register for Connect Orange County, and here to register for Connect Healthcare Real Estate.

Read More News Stories About: PGIM
Connect

Inside The Story

PGIM Real Estate's Goodsite

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).

  • ◦Sale/Acquisition
  • ◦Financing
New call-to-action
New call-to-action
New call-to-action
New call-to-action
New call-to-action