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Boardwalk Investments Group has secured $110 million in acquisition financing to buy a 12-property retail portfolio in Orange County. The portfolio includes class-A anchored and high street retail property in Newport Beach, Laguna Beach, Yountville and Corona Del Mar, California.

The three-year, floating-rate loan was placed with H.I.G. Realty Partners and has two one-year extension options. Key assets within the portfolio include a CVS-anchored shopping center located at 30814-30936 Pacific Coast Highway in Laguna Beach; a Pavilions-anchored shopping center located at 3100-3152 Newport Blvd. on the Balboa Peninsula in Newport Beach; a high-street retail shopping center located at 2902 West Coast Highway in Newport Beach; a fine dining retail asset located at 6725 Washington Street in Yountville (Napa); and multiple coastal assets in Newport Beach.

Kelsi Maree Borland

Kelsi Maree Borland is a freelance writer and editor living in Los Angeles whose work has appeared in such publications as Travel + Leisure, Angeleno and Los Angeles Magazine.

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