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Netflix building
CommercialFinanceIndustry NewsLeasingLos Angeles

Blackstone, Hudson Pacific Secure 15-Month Extension on $1.1B Hollywood Studio Loan Anchored by Netflix

Lenders on the Blackstone and Hudson Pacific Properties Hollywood studio-and-office portfolio have finalized a loan modification that buys the sponsors 15 more months,...

empty hangers and retail
FinanceIndustry NewsLos AngelesRetailSan Diego

West Covina and El Cajon Malls Anchor $437MM Starwood Portfolio Back in Special Servicing

The Starwood Regional Mall Portfolio, whose Southern California holdings include Plaza West Covina in the San Gabriel Valley and Parkway Plaza in El...

Hotel sign on top of a building
FinanceHospitalityIndustry NewsLos Angeles

Residence Inn LAX Appraisal Plunges 45% to $45.5MM as 231-Key Hotel Heads Toward Note Sale

A fresh $45.5 million valuation on the 231-key Residence Inn by Marriott near Los Angeles International Airport has wiped out nearly half the...

burbank with mountains
CommercialFinanceIndustry NewsLeasingLos Angeles

Blackstone’s $195MM Tower at Burbank Loan Lands on CMBS Watchlist as Office Occupancy Slides to 73%

Morningstar Credit has flagged the $195 million loan on Blackstone’s Tower at Burbank office property for occupancy erosion, as a signature entertainment-district tower...

Los Angeles
CommercialFinanceIndustry NewsLeasingLos Angeles

Onni’s $384MM Wilshire Courtyard Loan Lands Back in Special Servicing as July Maturity Looms

The Miracle Mile office campus faces imminent default with cash flow covering barely a quarter of its debt service and the balloon payment...

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