{"id":1004541131,"date":"2021-06-25T05:52:58","date_gmt":"2021-06-25T13:52:58","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004541131"},"modified":"2022-12-09T01:28:48","modified_gmt":"2022-12-09T09:28:48","slug":"optimus-properties-jv-lands-52m-for-los-angeles-mob","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/optimus-properties-jv-lands-52m-for-los-angeles-mob\/","title":{"rendered":"Optimus Properties JV Lands $52M for Los Angeles MOB"},"content":{"rendered":"
\"\"<\/a>

Roxsan Medical Tower. Image courtesy of Optimus Properties<\/p><\/div>\n

Optimus Properties and its joint venture partners have obtained a $52 million loan to refinance Roxsan Medical Tower, a 58,000-square-foot medical office building in Beverly Hills, Calif. Proceeds will pay out an existing $42 million loan. Working on behalf of the borrower, Continental Real Estate secured the financing with a 3.29 percent interest rate.<\/p>\n

Located at 465 N. Roxbury Drive in the heart of Beverly Hills Triangle, the 11-story building came online in 1963 and was completely renovated in 2014, according to CommercialEdge data. The property also includes 4,000 square feet of retail and a multi-level parking structure with a ratio of 4 spaces per 1,000 square feet.<\/p>\n

Following the 2014 renovation process led by Kanner Architects and executed by ZDX Industries, the owner further improved the building with a seismic retrofit, among other upgrades. The Class A facility was fully leased at the time of closing to a diverse mix of medical tenants.<\/p>\n

Located within walking distance of Rodeo Drive, Roxsan Medical Tower is 2 miles from Cedars Sinai Medical Center and 3 miles from UCLA Medical Center. Up the street is another Optimus property, the 104,000-square foot office property at 450 N. Roxbury Drive that houses The Roxbury Institute. One mile east is a 49,721-square-foot medical office building<\/a> that changed hands for $74.4 million in March.<\/p>\n

Big (on) loans<\/h2>\n

According to CommercialEdge information, the Roxsan Medical Tower refinancing represents one of the largest loans provided to a medical office property in metro L.A. so far this year. Of the 18 financing deals that closed since January, 13 were single-asset transactions totaling more than $450 million.<\/p>\n

Another noteworthy deal involved a 104,869-square-foot property adjacent to Roxsan at 9725 Wilshire Blvd. In February, the ownership refinanced Beverly Hills Triangle Medical Plaza with a $43 million loan from Voya Financial.<\/p>\n","protected":false},"excerpt":{"rendered":"

The deal marks one of the metro\u2019s largest refinancing transactions so far this year.<\/p>\n","protected":false},"author":870,"featured_media":1004541133,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,1594,21754,21742,15],"tags":[43397,36278],"class_list":["post-1004541131","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-los-angeles","category-medical-office","category-latest","category-west","tag-continental-real-estate-companies","tag-medical-office-building"],"acf":[],"yoast_head":"\nOptimus Properties JV Lands $52M for Los Angeles MOB - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/optimus-properties-jv-lands-52m-for-los-angeles-mob\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Optimus Properties JV Lands $52M for Los Angeles MOB\" \/>\n<meta property=\"og:description\" content=\"The deal marks one of the metro\u2019s largest refinancing transactions so far this year.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/optimus-properties-jv-lands-52m-for-los-angeles-mob\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-25T13:52:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T09:28:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/Roxsan-Medical-Tower-e1624626345272.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"890\" \/>\n\t<meta property=\"og:image:height\" content=\"667\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Adriana Marinescu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/optimus-properties-jv-lands-52m-for-los-angeles-mob\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/optimus-properties-jv-lands-52m-for-los-angeles-mob\/\",\"name\":\"Optimus Properties JV Lands $52M for Los Angeles MOB - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/optimus-properties-jv-lands-52m-for-los-angeles-mob\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/optimus-properties-jv-lands-52m-for-los-angeles-mob\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/Roxsan-Medical-Tower-e1624626345272.jpg\",\"datePublished\":\"2021-06-25T13:52:58+00:00\",\"dateModified\":\"2022-12-09T09:28:48+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d8680cf55f814fe2742cf94207212af1\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/optimus-properties-jv-lands-52m-for-los-angeles-mob\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/optimus-properties-jv-lands-52m-for-los-angeles-mob\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/optimus-properties-jv-lands-52m-for-los-angeles-mob\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/Roxsan-Medical-Tower-e1624626345272.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/Roxsan-Medical-Tower-e1624626345272.jpg\",\"width\":890,\"height\":667,\"caption\":\"Roxsan Medical Tower\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/optimus-properties-jv-lands-52m-for-los-angeles-mob\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Optimus Properties JV Lands $52M for Los Angeles MOB\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d8680cf55f814fe2742cf94207212af1\",\"name\":\"Adriana Marinescu\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/2444a0eb00095b2b409c152dd217bf8709009d4718eec6c8c435940e3ea1cb67?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/2444a0eb00095b2b409c152dd217bf8709009d4718eec6c8c435940e3ea1cb67?s=96&d=mm&r=g\",\"caption\":\"Adriana Marinescu\"},\"description\":\"Adriana Marinescu is an associate editor with Commercial Property Executive and Multi-Housing News. She joined the CPE-MHN team in 2019.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/adriana-marinescu\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Optimus Properties JV Lands $52M for Los Angeles MOB - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/optimus-properties-jv-lands-52m-for-los-angeles-mob\/","og_locale":"en_US","og_type":"article","og_title":"Optimus Properties JV Lands $52M for Los Angeles MOB","og_description":"The deal marks one of the metro\u2019s largest refinancing transactions so far this year.","og_url":"https:\/\/www.commercialsearch.com\/news\/optimus-properties-jv-lands-52m-for-los-angeles-mob\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2021-06-25T13:52:58+00:00","article_modified_time":"2022-12-09T09:28:48+00:00","og_image":[{"width":890,"height":667,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/Roxsan-Medical-Tower-e1624626345272.jpg","type":"image\/jpeg"}],"author":"Adriana Marinescu","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/optimus-properties-jv-lands-52m-for-los-angeles-mob\/","url":"https:\/\/www.commercialsearch.com\/news\/optimus-properties-jv-lands-52m-for-los-angeles-mob\/","name":"Optimus Properties JV Lands $52M for Los Angeles MOB - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/optimus-properties-jv-lands-52m-for-los-angeles-mob\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/optimus-properties-jv-lands-52m-for-los-angeles-mob\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/Roxsan-Medical-Tower-e1624626345272.jpg","datePublished":"2021-06-25T13:52:58+00:00","dateModified":"2022-12-09T09:28:48+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d8680cf55f814fe2742cf94207212af1"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/optimus-properties-jv-lands-52m-for-los-angeles-mob\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/optimus-properties-jv-lands-52m-for-los-angeles-mob\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/optimus-properties-jv-lands-52m-for-los-angeles-mob\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/Roxsan-Medical-Tower-e1624626345272.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/Roxsan-Medical-Tower-e1624626345272.jpg","width":890,"height":667,"caption":"Roxsan Medical Tower"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/optimus-properties-jv-lands-52m-for-los-angeles-mob\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Optimus Properties JV Lands $52M for Los Angeles MOB"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d8680cf55f814fe2742cf94207212af1","name":"Adriana Marinescu","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/2444a0eb00095b2b409c152dd217bf8709009d4718eec6c8c435940e3ea1cb67?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/2444a0eb00095b2b409c152dd217bf8709009d4718eec6c8c435940e3ea1cb67?s=96&d=mm&r=g","caption":"Adriana Marinescu"},"description":"Adriana Marinescu is an associate editor with Commercial Property Executive and Multi-Housing News. She joined the CPE-MHN team in 2019.","url":"https:\/\/www.commercialsearch.com\/news\/author\/adriana-marinescu\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/Roxsan-Medical-Tower-e1624626345272.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004541131","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/870"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004541131"}],"version-history":[{"count":5,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004541131\/revisions"}],"predecessor-version":[{"id":1004541152,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004541131\/revisions\/1004541152"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004541133"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004541131"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004541131"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004541131"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}