Entries by chauncey@optimuspropertiesllc.com

Optimus Properties, LLC Completes Purchase of Pico Rivera Development Opportunity

Optimus Properties, LLC, through an affiliate, and with financing provided by First Republic Bank, has acquired the land formerly occupied by El Rodeo nightclub, located at the corner of Washington Boulevard and Rosemead Boulevard, in Pico Rivera, California, immediately adjacent to the LA Fitness-anchored Pico Rivera Marketplace which is also a part of the Optimus portfolio. Read More »

Optimus Properties Refinances 3 buildings in Multifamily Portfolio

Optimus Properties, LLC, through a trio of coordinated refinancings, has refinanced the debt on three multi-family properties. The total capitalization for the three refinances is roughly $18 million and resulted in the return of approximately $3 million in initial equity.  George Smith Partners secured all three loans.  Two of the loans were made by Greystone & Co. and one Read More »

Optimus Properties, LLC Purchases Ventura Corridor Office Building

Investment firm Optimus Properties bought a 10-story medical office tower in the San Fernando Valley, scooping up a property next door to a $500 million hospital expansion. Century City-based Optimus paid $22 million for the 85,000-square-foot property. Called Tarzana Tower, the building is located at 18321 Ventura Boulevard. Janet Neman of Kidder Matthews represented Optimus Read More »

Torrance Office Building Sells for $15.75M

A 60,804-square-foot office building in Torrance has sold for $15.75 million, Newmark Knight Frank announced Feb. 13. Newmark Knight Frank’s Sean Fulp, Ken White, Ryan Plummer and Mark Schuessler represented the seller. The seller was an affiliate of Transpacific Development Company. The buyer, Optimus Properties, represented itself in the transaction. The office building is at Read More »