{"id":1004660193,"date":"2023-05-02T16:05:12","date_gmt":"2023-05-03T00:05:12","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004660193"},"modified":"2023-05-03T05:00:23","modified_gmt":"2023-05-03T13:00:23","slug":"la-area-retail-center-gets-35m-refi","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/la-area-retail-center-gets-35m-refi\/","title":{"rendered":"Suburban LA Retail Center Gets $35M Refi"},"content":{"rendered":"
\"The<\/a>

The Vineyards at Porter Ranch. Image courtesy of Northmarq<\/em><\/p><\/div>\n

Northmarq has secured a $35 million refinancing for The Vineyards at Porter Ranch, a 203,172-square-foot grocery-anchored retail center in Porter Ranch, Calif. The 10-year, permanent-fixed loan has a 3-year amortization schedule.<\/p>\n

Ory Schwartz, Northmarq\u2019s senior vice president and managing director of the Los Angeles office, arranged the financing through a life insurance company.<\/p>\n

Located at 20039-20209 Rinaldi St., just off the Ronald Reagan Freeway, the open-air mall is anchored by a Whole Foods Market location and has a diverse mix of tenants, including shops, restaurants, movie theaters, luxury apartments and a hotel. Some of the retailers at the property are ULTA Beauty, Mayweather Boxing + Fitness, Spectrum, Rare Fine Jewels, YOGASIX, AMC and Extra Urgent Care.<\/p>\n

The dining options at the shopping mall are Chipotle, Habit Burger, Finney\u2019s Crafthouse & Kitchen, Gus\u2019s BBQ, Lure Fish House, LA Popular, Jersey Mike\u2019s and Silverlake Ramen.<\/p>\n

Green initiative in LA suburb<\/h2>\n

Completed in 2019, the property has achieved LEED Gold certification. The Vineyards at Porter Ranch features 120 electrical vehicle charging stations, clean air vehicle parking stalls and 110 bicycle storage lockers and racks.<\/p>\n

Among the property’s sustainable features are <\/span>reflective roofing materials designed to reduce building heat absorption and a storm water-capture system that recycles water for irrigation purposes. According to the property’s website, 16 percent of the site’s expected electrical consumption is offset by photovoltaic solar systems, while 85 percent of construction waste was diverted from landfills for reuse and a full 100 percent of the interior finishes have low levels of volatile organic compounds to reduce indoor air contamination.<\/p>\n","protected":false},"excerpt":{"rendered":"

A Whole Foods anchors the property.<\/p>\n","protected":false},"author":3014,"featured_media":1004660195,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,1594,21742,21749,15],"tags":[32779,34291,45986],"class_list":["post-1004660193","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-los-angeles","category-latest","category-retail","category-west","tag-leed","tag-northmarq-capital","tag-ory-schwartz"],"acf":[],"yoast_head":"\nSuburban LA Retail Center Gets $35M Refi - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Northmarq secured $35 million for The Vineyards at Porter Ranch, a grocery-anchored retail center in Porter Ranch, Calif.\" \/>\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\/la-area-retail-center-gets-35m-refi\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Suburban LA Retail Center Gets $35M Refi\" \/>\n<meta property=\"og:description\" content=\"Northmarq secured $35 million for The Vineyards at Porter Ranch, a grocery-anchored retail center in Porter Ranch, Calif.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/la-area-retail-center-gets-35m-refi\/\" \/>\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=\"2023-05-03T00:05:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-03T13:00:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/05\/The-Vineyards-at-Porter-Ranch-e1683036245555.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"348\" \/>\n\t<meta property=\"og:image:height\" content=\"261\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Diana Firtea\" \/>\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\/la-area-retail-center-gets-35m-refi\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/la-area-retail-center-gets-35m-refi\/\",\"name\":\"Suburban LA Retail Center Gets $35M Refi - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/la-area-retail-center-gets-35m-refi\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/la-area-retail-center-gets-35m-refi\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/05\/The-Vineyards-at-Porter-Ranch-e1683036245555.jpg\",\"datePublished\":\"2023-05-03T00:05:12+00:00\",\"dateModified\":\"2023-05-03T13:00:23+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/a0c04b9de1387474e28c9ebdb0444e59\"},\"description\":\"Northmarq secured $35 million for The Vineyards at Porter Ranch, a grocery-anchored retail center in Porter Ranch, Calif.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/la-area-retail-center-gets-35m-refi\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/la-area-retail-center-gets-35m-refi\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/la-area-retail-center-gets-35m-refi\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/05\/The-Vineyards-at-Porter-Ranch-e1683036245555.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/05\/The-Vineyards-at-Porter-Ranch-e1683036245555.jpg\",\"width\":348,\"height\":261,\"caption\":\"The Vineyards at Porter Ranch. 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