{"id":1004546220,"date":"2021-08-04T04:25:45","date_gmt":"2021-08-04T12:25:45","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004546220"},"modified":"2022-12-08T12:13:29","modified_gmt":"2022-12-08T20:13:29","slug":"the-emmes-group-teams-up-with-oaktree-capital-management","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/the-emmes-group-teams-up-with-oaktree-capital-management\/","title":{"rendered":"The EMMES Group Teams Up With Oaktree Capital Management"},"content":{"rendered":"<p>The EMMES Group of Cos. has announced a joint venture with Oaktree Capital Management to recapitalize Centerview, a 625,000-square-foot office property in Irving, Calif. Under the partnership, the Class A asset will undergo additional improvements.<\/p>\n\n\n<div class=\"wp-block-jetpack-slideshow aligncenter\" data-effect=\"slide\"><div class=\"wp-block-jetpack-slideshow_container swiper-container\"><ul class=\"wp-block-jetpack-slideshow_swiper-wrapper swiper-wrapper\"><li class=\"wp-block-jetpack-slideshow_slide swiper-slide\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"1541\" height=\"1156\" alt=\"\" class=\"wp-block-jetpack-slideshow_image wp-image-1004546223\" data-id=\"1004546223\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/Centerview-3-e1628077584932.jpg?w=696\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/Centerview-3-e1628077584932.jpg 1541w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/Centerview-3-e1628077584932.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/Centerview-3-e1628077584932.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/Centerview-3-e1628077584932.jpg?resize=1024,768 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/Centerview-3-e1628077584932.jpg?resize=1536,1152 1536w\" sizes=\"(max-width: 1541px) 100vw, 1541px\" \/><figcaption class=\"wp-block-jetpack-slideshow_caption gallery-caption\">Centerview. Image courtesy of The EMMES Group <\/figcaption><\/figure><\/li><li class=\"wp-block-jetpack-slideshow_slide swiper-slide\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"1331\" height=\"997\" alt=\"\" class=\"wp-block-jetpack-slideshow_image wp-image-1004546222\" data-id=\"1004546222\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/Centerview-2-e1628077528536.jpg?w=696\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/Centerview-2-e1628077528536.jpg 1331w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/Centerview-2-e1628077528536.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/Centerview-2-e1628077528536.jpg?resize=768,575 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/Centerview-2-e1628077528536.jpg?resize=1024,767 1024w\" sizes=\"(max-width: 1331px) 100vw, 1331px\" \/><figcaption class=\"wp-block-jetpack-slideshow_caption gallery-caption\">Centerview. Image courtesy of The EMMES Group <\/figcaption><\/figure><\/li><li class=\"wp-block-jetpack-slideshow_slide swiper-slide\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"1335\" height=\"1001\" alt=\"\" class=\"wp-block-jetpack-slideshow_image wp-image-1004546221\" data-id=\"1004546221\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/Centerview-1-e1628077473421.jpg?w=696\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/Centerview-1-e1628077473421.jpg 1335w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/Centerview-1-e1628077473421.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/Centerview-1-e1628077473421.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/Centerview-1-e1628077473421.jpg?resize=1024,768 1024w\" sizes=\"(max-width: 1335px) 100vw, 1335px\" \/><figcaption class=\"wp-block-jetpack-slideshow_caption gallery-caption\">Centerview. Image courtesy of The EMMES Group <\/figcaption><\/figure><\/li><\/ul><a class=\"wp-block-jetpack-slideshow_button-prev swiper-button-prev swiper-button-white\" role=\"button\"><\/a><a class=\"wp-block-jetpack-slideshow_button-next swiper-button-next swiper-button-white\" role=\"button\"><\/a><a aria-label=\"Pause Slideshow\" class=\"wp-block-jetpack-slideshow_button-pause\" role=\"button\"><\/a><div class=\"wp-block-jetpack-slideshow_pagination swiper-pagination swiper-pagination-white\"><\/div><\/div><\/div>\n\n\n<p>Located at 1920 and 2010 Main St. within the Irvine Concourse master-planned business park, the property is less than a mile from Interstate 405 and roughly 40 miles from downtown Los Angeles. While most office buildings<a href=\"https:\/\/www.commercialsearch.com\/news\/top-gateway-markets-for-office-vacancy\/\"> have suffered from a significant decrease in leasing activity<\/a> since the beginning of the pandemic, Centerview welcomed more than 100,000 square feet of new leases in the last 12 months. New tenants included Allen Matkins Leck Gamble Mallory &amp; Natsis LLP, Bryan Cave Leighton Paisner LLP, and Rate Plus Inc.<\/p>\n<p>The EMMES Group <a href=\"https:\/\/www.commercialsearch.com\/news\/emmes-nabs-oc-towers-in-220m-value-add-deal\/\">acquired the two-building property back in 2017<\/a> for $220 million and recently repositioned the asset. The overhaul called for full-building lobby renovations, significant exterior common area improvements, corridor and restrooms upgrades, along with the addition of tenant amenities (such as a 60-person conference center, a tenant lounge with a boardroom, kitchenette and communal seating, bike storage, as well as lockers and showers). Other upgrades comprised the addition of Tesla and EV chargers, an elevator modernization, cooling tower replacement, parking automation system upgrades and the completion of a new corner retail development. All these earned the property the BOMA Outstanding Building of the Year Award in 2019.<\/p>","protected":false},"excerpt":{"rendered":"<p>The companies have formed a joint venture to recapitalize a newly renovated office property in Orange County, Calif. <\/p>\n","protected":false},"author":748,"featured_media":1004546221,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21783,21742,21747,34267,15],"tags":[35280,32944],"class_list":["post-1004546220","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-latest","category-office","category-orange-county","category-west","tag-emmes-asset-management-company","tag-oaktree-capital-management"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The EMMES Group Teams Up With Oaktree Capital Management - 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\/the-emmes-group-teams-up-with-oaktree-capital-management\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The EMMES Group Teams Up With Oaktree Capital Management\" \/>\n<meta property=\"og:description\" content=\"The companies have formed a joint venture to recapitalize a newly renovated office property in Orange County, Calif.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/the-emmes-group-teams-up-with-oaktree-capital-management\/\" \/>\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=\"2021-08-04T12:25:45+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T20:13:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/Centerview-1-e1628077473421.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1335\" \/>\n\t<meta property=\"og:image:height\" content=\"1001\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Lucia Morosanu\" \/>\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\/the-emmes-group-teams-up-with-oaktree-capital-management\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/the-emmes-group-teams-up-with-oaktree-capital-management\/\",\"name\":\"The EMMES Group Teams Up With Oaktree Capital Management - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/the-emmes-group-teams-up-with-oaktree-capital-management\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/the-emmes-group-teams-up-with-oaktree-capital-management\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/Centerview-1-e1628077473421.jpg\",\"datePublished\":\"2021-08-04T12:25:45+00:00\",\"dateModified\":\"2022-12-08T20:13:29+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1077c2cf363c47bc75d1ab4c42b53bb5\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/the-emmes-group-teams-up-with-oaktree-capital-management\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/the-emmes-group-teams-up-with-oaktree-capital-management\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/the-emmes-group-teams-up-with-oaktree-capital-management\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/Centerview-1-e1628077473421.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/Centerview-1-e1628077473421.jpg\",\"width\":1335,\"height\":1001,\"caption\":\"Centerview. 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