Real Estate
Tarzana Medical Asset Aims for ‘Spa-like Feel’
A newly renovated medical building in Tarzana is more than 60% leased at higher rents than before it was updated. The two-story, 45,000-square-foot building, which is located at 19500 Ventura Blvd. and has a working name of Tarzana Health Center, will offer services ranging from dentistry and pharmaceuticals to primary care and urgent care. It […]
Senior-Care Property Gets Bridge Loan
Jones Lang LaSalle Inc. Capital Markets sourced and arranged $43.2 million in bank bridge financing for Varenita of Westlake, an 86-unit assisted-living and memory-care community located in Westlake Village. JLL represented the borrower, Westlake Senior Living Center LLC, to secure the five-year loan from a West Coast regional bank. The financing was needed to replace […]
Tutor Perini Wins $47M Contract
A subsidiary of Tutor Perini Corp. has been awarded a $47 million contract to construct the Marjory Stoneman Douglas Visitor Center at Everglades National Park in Florida. The contract given to Perini Management Services Inc. includes the construction of a new two-story visitor center, a one-story remote concessions and storage building, underground utilities and major […]