Investor Duo Inks Refi on 301K-SF Torrance Office Property

Related Secures $65M Refi for Office Property in L.A.’s South Bay

The owners of a 301,000-square-foot Class A office property in Los Angeles’ South Bay have secured refinancing for the property. Owners Related Companies and Cruzan landed the $64.7 million loan from Waterfall Asset Management and Delaware Life for the eight-story property called the Torrance, named after its home city. The asset at 21250 Hawthorne Boulevard […]

Investor Duo Inks Refi on 301K-SF Torrance Office Property

Waterfall Asset Management and Delaware Life closed on a $64.7 million loan facility to refinance The Torrance, a 301,000-square-foot Class A office property in Torrance, California. Originally constructed in 1988, The Torrance has benefited from significant investment and modernization, including recent upgrades to the building’s roof, amenities and exterior. The property also features a café, ...