{"id":1004146762,"date":"2016-06-27T05:14:02","date_gmt":"2016-06-27T13:14:02","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004146762"},"modified":"2022-03-04T18:47:17","modified_gmt":"2022-03-05T02:47:17","slug":"sonnenblick-eichner-secures-refi-for-emeryville-flex-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/sonnenblick-eichner-secures-refi-for-emeryville-flex-asset\/","title":{"rendered":"Sonnenblick-Eichner Secures Refi for Emeryville Flex Asset"},"content":{"rendered":"<p>By Alex Girda<\/p>\n<p><strong>San Francisco\u2014<\/strong>An office\/flex building in Emeryville, Calif., is the most recent recipient of a <a href=\"https:\/\/www.commercialsearch.com\/news\/finance\/\" target=\"_blank\" rel=\"noopener\">financing measure<\/a> arranged by the <a href=\"https:\/\/www.sonnenblickeichner.net\/\" target=\"_blank\" rel=\"nofollow noopener\">Sonnenblick-Eichner Co.<\/a>\u00a0The Beverly Hills-based real estate investment banking firm provided a fixed-rate loan worth $12.4 million for the refinancing of the property located at 6601 Shellmound St.<\/p>\n<div id=\"attachment_1004146764\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/06\/ExPression-College.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004146764\" data-attachment-id=\"1004146764\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/sonnenblick-eichner-secures-refi-for-emeryville-flex-asset\/expressions-for-new-media-emeryville-ca\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/06\/ExPression-College.jpg\" data-orig-size=\"2850,2280\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;11&quot;,&quot;credit&quot;:&quot;Russell Abraham 510-444-5204&quot;,&quot;camera&quot;:&quot;E-1&quot;,&quot;caption&quot;:&quot;Griffin Capital&quot;,&quot;created_timestamp&quot;:&quot;1138727119&quot;,&quot;copyright&quot;:&quot;\\u00a9 2006 Russell Abraham&quot;,&quot;focal_length&quot;:&quot;12&quot;,&quot;iso&quot;:&quot;100&quot;,&quot;shutter_speed&quot;:&quot;0.008&quot;,&quot;title&quot;:&quot;Expressions for New Media Emeryville CA&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Ex&#8217;Pression College of Digital Arts\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Ex&#8217;Pression College of Digital Arts&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/06\/ExPression-College.jpg?w=1024\" class=\"wp-image-1004146764 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/06\/ExPression-College.jpg\" alt=\"Ex'Pression College of Digital Arts\" width=\"300\" height=\"240\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/06\/ExPression-College.jpg 2850w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/06\/ExPression-College.jpg?resize=300,240 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/06\/ExPression-College.jpg?resize=768,614 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/06\/ExPression-College.jpg?resize=1024,819 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/06\/ExPression-College.jpg?resize=1536,1229 1536w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/06\/ExPression-College.jpg?resize=2048,1638 2048w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/06\/ExPression-College.jpg?resize=150,120 150w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/06\/ExPression-College.jpg?resize=696,557 696w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/06\/ExPression-College.jpg?resize=1068,854 1068w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/06\/ExPression-College.jpg?resize=1920,1536 1920w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/06\/ExPression-College.jpg?resize=525,420 525w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004146764\" class=\"wp-caption-text\">Ex&#8217;Pression College of Digital Arts<\/p><\/div>\n<p>According to Sonnenblick-Eichner Managing Director Tina Derderian, the process drew a number of interested parties in spite of the difficulties normally associated with a Tenant-in-Common structure. The company eventually provided a 10-year, non-recourse loan at an interest rate of less than 4.5 percent. The loan was funded by an international investment bank.<\/p>\n<p>Currently fully leased to the <a href=\"https:\/\/www.expression.edu\/\" target=\"_blank\" rel=\"noopener\">Ex\u2019Pression College of Digital Arts<\/a>, the facility offers a total of 63,406 square feet of space. The for-profit institution is a fully accredited college that offers degree programs including Sound Arts, Interactive Audio, Graphic Design &amp; Motion and Digital Filmmaking. Given its current tenant profile, the flex building is conveniently located in the proximity of Pixar Animation Studios.\u00a0Its position within the Emeryville submarket also offers tenants easy access to Oakland, Berkeley and Walnut Creek. The property is located just across the Bay from <a href=\"https:\/\/www.commercialsearch.com\/news\/san-francisco\/\" target=\"_blank\" rel=\"noopener\">San Francisco<\/a>.<\/p>\n<p><em>Image courtesy of Sonnenblick-Eichner<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company provided a $12.4 million loan for the refinancing of an Alameda County office asset.<\/p>\n","protected":false},"author":41,"featured_media":1004146764,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,21742,21747,1609,15],"tags":[],"class_list":["post-1004146762","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-latest","category-office","category-san-francisco","category-west"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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