Capital Markets

The business is more sophisticated now than ever, and borrowers are taking a closer look at how capital advisors can get the deal done.

Thea, the fourth and final tower at Metropolis in Downtown Los Angeles, completes the 6.3-acre mixed-use complex.

Concurrent with the closing of the sale, Cresco has agreed to enter into a long-term, triple-net lease agreement with GreenAcreage and will continue to operate the property as a licensed medical and recreational cannabis cultivation and processing facility.

The agreement puts the two health care institutions on a path toward reaching a Definitive Agreement, which they expect to reach within the coming months. The LOI follows a Request for Proposal released by Saint Peter's in October 2018 that it was considering a strategic partner.

New York City-based Square Mile Capital Management provided the $200 million in financing to joint venture partners Somerset Development Group and Adarsan Holdings for the redeveloped former Bell Labs scientific research center.

Medical office rents in San Diego are $35 per square foot, the fourth highest in the nation.