The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
March 29, 2024
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



SOUTHERN CALIFORNIA NEWS
Printer-friendly Version   Email an Associate
Robhana Group to Move Forward with Development of 60k sf Medical Office Building in Downtown LA

4/11/17

Robhana Group has obtained $33.5 mil in permanent and construction financing for the development of a 60k sf medical office building and parking structure in Downtown Los Angeles. The new Healthcare Partners outpatient facility is being constructed on a 2.9-acre site at 1120 West Washington Blvd, near the I-10 and CA 110 interchange in downtown Los Angeles.

Robhana acquired the development site in 2012. They have since signed DaVita Healthcare Partners to a long-term lease for the entire building.

Quantum Capital Partners Jonathan Hakakha and Mike Yim arranged the financing. In addition to the construction loan, the financing solution also included a permanent loan, which was secured by the fully occupied 50k sf building that sits adjacent to the new development. Recapitalizing an existing building where cash-out proceeds are used for new construction on the same parcel presented a huge challenge, according to Hakakha.





Return to the Archive page


 


 


 


 
 





Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media