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Investor Duo Obtains $270M Refi on 387K-SF Culver City Office Property

Blackstone and LBA Realty are ready to close on a $270 million CMBS refinancing for One Culver, an 8-story office building in Culver City, a town teeming with prominent companies. The 378,377-square-f

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Summary

Blackstone and LBA Realty are ready to close on a $270 million CMBS refinancing for One Culver, an 8-story office building in Culver City, a town teeming with prominent companies.

The 378,377-square-foot office property is near Apple’s 536,000-square-foot office building.

Nomura Holdings originated the loan. Commercial Search reports that the loan proceeds will retire $310...

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