February 27, 2024 Breaking News, Latest News, and Videos

Berkeley Point Capital Renews Lease At SeaRise Office Tower In Santa Monica:

The SeaRise Office Tower at 233 Wilshire Boulevard in Santa Monica will continue to be home for commercial real estate finance company Berkeley Point Capital LLC after it signed a five-year lease renewal.

Meanwhile, Santa Rosa, CA-based portfolio lender Luther Burbank Savings will open its seventh California branch after it signed a long-term lease for 11,586 square feet at SeaRise Office Tower.

Industry Partners represented landlord Equity Office in the transactions that total more than 16,000 square feet in the tower.

Berkeley Point, a SeaRise tenant since 2002, will continue to occupy 4,523 square feet on the building’s fifth floor.

Berkeley Point is the second largest originator of Fannie Mae loans, and services a $29 billion multifamily loan portfolio. The firm also has offices in Bethesda, MD; Boston, MA, Columbus, OH; Dallas, TX; Irvine, CA; Nashville, TN; and Seattle, WA.

The SeaRise Office Tower is a nine-story, 124,000-square-foot building distinguished by its black glass curtain wall. 

Built in 1975, a multimillion-dollar renovation of the lobby and common areas were completed in 2009. SeaRise Tower is now 94 percent leased.

Industry Partners’ Jim Jacobsen and Scott Rigsby along with Tim Dornan of Avison Young represented the landlord in both transactions.  

Ryan Harding of Newmark Grubb Knight represented Luther Burbank Savings and Clay Hammerstein and Danny Rees of CBRE represented Berkeley Point.

in News
Related Posts

Waymo’s LA Expansion Hits Roadblock: CPUC Temporarily Halts Self-Driving Company’s Plans

February 26, 2024

February 26, 2024

California Public Utilities Commission suspends Waymo’s service expansion for 120 days. California’s Public Utilities Commission (CPUC) has put a temporary...

Real Estate Giant Funds LAPD Union Fund to Sway L.A. City Council Election in March

February 26, 2024

February 26, 2024

Santa Monica Company Responsible for LA’s Largest Mass Eviction Gives $400,000 Santa Monica-based Real estate investment trust company Douglas Emmett...

Santa Monica College Unveils 2024 Spring Jazz Series Lineup

February 26, 2024

February 26, 2024

Tickets for each concert are priced at $10 and can be purchased in advance The Santa Monica College Music Department...

Downtown Wellness Center Bridges Gap Between Psychedelics and Meditation

February 26, 2024

February 26, 2024

The Center Has Partnered With Local Agencies and Gave Free Sessions to Around 500 Veterans in Two Years By Zach...

Santa Monica-Malibu Unified School District Calls Special Board of Education Meeting

February 26, 2024

February 26, 2024

SMMUSD Gathers to Address Time-Sensitive Resolutions In a press release sent on Saturday, February 24, The Santa Monica-Malibu School District...

 39th Independent Spirit Awards Celebrates Independent Cinema in Santa Monica

February 25, 2024

February 25, 2024

Santa Monica Pier Hosts Annual Awards Ceremony Amid Pro-Palestinian Protest The 39th Independent Spirit Awards ceremony, another precursor to the...

U.S. Supreme Court Refuses to Consider Landlords’ Challenge to Rent-Control Laws

February 25, 2024

February 25, 2024

New York Landlords’ Bid to Challenge Rent-Control Laws Fails The U.S. Supreme Court declined to hear a significant property rights...

Ocean Park Triplex Hits Market Again After 36 Years at $1.6M

February 25, 2024

February 25, 2024

The property presents an enticing opportunity for owner-users or developers For the first time in over 36 years, this triplex,...

Cher Drops Price of Her Seven-Bedroom Malibu Mansion by $10M

February 25, 2024

February 25, 2024

The legendary singer bought the parcel for $2.95 million over 30 years ago By Zach Armstrong Music icon Cher has...

(Video) Baltaire’s DJ Brunch is Ready to Make Your Weekend Fabulous

February 23, 2024

February 23, 2024

Baltaire is America’s Favorite Neighborhood Steakhouse. A Contemporary Restaurant in Brentwood With Classic Genes, Baltaire Is Where to Enjoy Brunch...

During Lean Times for the City, Certain Staff Members Slated to Get Hefty Raises

February 23, 2024

February 23, 2024

Proposed Equity Adjustments Raise Questions Amid Budgetary Concerns The next Santa Monica City Council Meeting will be held on Tuesday,...

Blue Bus Seeks Input on How to Improve Service

February 22, 2024

February 22, 2024

Through Brighter Blue, Big Blue Bus Aims to Develop a Strategic Plan for Implementing System Enhancements Over Five Years Santa...

Amid Delays, House of Pies Sets New Opening Date for Venice Spot

February 22, 2024

February 22, 2024

For About a Year, the Development’s Construction Has Seemingly Been Inactive By Zach Armstrong House of Pies, a popular L.A....

(Video) Russian River’s Pliny the Younger 2024 at Father’s Office in Culver City

February 22, 2024

February 22, 2024

Russian River’s Pliny the Younger 2024  at Father’s Office in Culver City. The ticket got you two pours of the...

Culinary Bliss Awaits: Los Angeles Wine & Food Festival Debuts in Santa Monica

February 21, 2024

February 21, 2024

Santa Monica Pier Welcomes the Inaugural Los Angeles Wine & Food Festival Santa Monica is set to become the birthplace...