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Starwood Turns Over 1.6M SF El Segundo Office Campus To Lenders

Summary by Bisnow
Starwood Capital and Artisan Ventures offloaded a 1.6M SF office campus in El Segundo. Beacon Capital Partners’ Fund 9, along with Arizona-based 3Edgewood Real Estate, acquired a majority of the existing debt on a property called PCT at 100, 200 and 222 N. Pacific Coast Highway. The Real Deal first reported the change in ownership.  A deed-in-lieu-of-foreclosure was completed Aug. 26, after which the debt was converted to equity, according to a …
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Bisnow broke the news in on Tuesday, September 10, 2024.
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