CBRE has announced a $35.3 million loan for the refinancing of Plaza Del Mar, an office property in the Del Mar Heights submarket of North County San Diego. Mark McGovern, Scott Peterson, Brian Cruz and Colby Matzke of CBRE’s debt and structured finance team in San Diego arranged the loan on behalf of the owner of the property, Cruzan, a local real estate investment and development firm that purchased the asset in 2012. Located at 12520 and 12526 High Bluff Drive, the two-building, 117,500 square-foot property was originally constructed in 1987. Cruzan has […]
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