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The redevelopment of Los Angeles' Westside Pavilion once planned to include a retail component, but now the project will now forgo retail in favor of tech and media tenants.
The lease renewal agreement follows ATCO Properties & Management's recently completed, multi-million dollar capital improvement program at the office property.
Many lenders are facing substantial headwinds and as a result, underwriting criteria has become more conservative as a need for adjusting strategies comes about in a post-pandemic environment.
Student housing developer Panteras Development Partners and owner-operator Miyama USA Texas entered into a long-term ground lease with Texas Wesleyan University to launch a new project, The Rosedale.
A $282 million mixed-use complex is underway that will provide essential student housing including academic, community and retail space on the UC Hastings campus, and is slated for occupancy in June 2023.