JLL Capital Markets $12.5 million senior loan for a public movie theatre and production studio in Culver City, CA

 

Sarah Kim

 LOS ANGELES, CA –  JLL Capital Markets has arranged the $12.5 million senior financing of Culver Theater, a 41,341-square-foot movie theater in Culver City, California.

 

JLL represented the borrower, Oliver McMillan LLC, and secured the five-year, fixed-rate loan through Zions Capital Markets.

Alex Olson

Culver Theater, situated at 9500 Culver Blvd., occupies a strategic position across from Culver Studios, where a global e-commerce giant and movie production company operates over 530,000 SF of film and TV production space. 

This prime location in Culver City, part of the greater Los Angeles area, offers quick access to major thoroughfares including Venice Blvd., I-405 and I-10.

 

As Culver City has evolved into a thriving hub for media and technology companies, the Culver Theater has become a valuable asset in the entertainment real estate sector. Its appeal is further enhanced by a long-term lease to a tech giant.

Joshua Blank

The Culver Theater, built in 2004, situated in Culver City's premier and highly walkable downtown retail corridor, is 100% occupied. The buildout includes a best-in-class six-screen movie theater experience with a full bar, theater snacks and kitchen fare and plush seating along with six private sound stages.

 

The theater, previously occupied by Arclight, was leased to a global e-commerce giant in June 2021 and opened to the public in 2022.

 

JLL Capital Market’s Debt Advisory team representing the borrower was led by Director Alex Olson, Associate Joshua Blank and Analyst Sarah Kim.

 

"The Culver Theater represents a unique opportunity in the heart of Culver City's entertainment district," said Olson. "Its prime location, coupled with the long-term commitment from a credited tenant, made this an attractive loan for Zions Capital Markets in today's market."

Culver Theater. 9500 Culver Boulevard, Culver City, CA

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

 

For more news, videos and research resources, please visit JLL’s newsroom. 

 

Jones Lang LaSalle Americas, Inc. ("JLL") is a real estate broker licensed with the California Department of Real Estate, license #01223413.  

 

Contact:

 

 Gréta Kieras

 Senior Associate

 Public Relations

Phone: +1 949 930 8498  

Email: greta.kieras@jll.com

 

Alliant National Hires Christina Blum as Underwriting Counsel Southwest Region.

Christina Blum

 Longmont, CO, Nov.19, 2024 — Alliant National Title Insurance Company, the title insurer that is uniquely responsive to the needs of independent agents, has hired Christina Blum as Underwriting Counsel Southwest Region.

 Blum has been a fixture in the title industry for over 11 years.
In her new role as Underwriting Counsel Southwest Region, Blum will focus on supporting Alliant National’s policy-issuing agents with their underwriting needs.

Jean E. Bailey

 “Christina will be a major asset for our team and for our policy-issuing agents,” said Jean E. Bailey, VP, Regional Underwriting Counsel at Alliant National. “She brings significant experience that will enhance our operations, grow our footprint and assist our agents in addressing their most critical underwriting priorities.”

In addition to her professional roles and responsibilities, Blum is active in the title community. She is a member of the Louisiana Land Title Association and the Texas Land Title Association. In addition, she is part of the Oklahoma Land Title Association, the American Land Title Association and holds membership in the Commercial Real Estate Women, San Antonio Chapter.

Blum received her Bachelor of Science in Business Administration from Elmhurst University and her Juris Doctor from Louisiana State University. She lives in the San Antonio metropolitan area with her family.

CONTACT:

 Adam Mohrbacher  

p. 651 587 479

marketing@alliantnational.com

 

 

In one of largest law firm leases in Orange County in 2024, JLL and CBRE represented Snell & Wilmer L.L.P. in a 57,326 SF lease at Plaza Tower in Costa Mesa, CA

Plaza Tower, a Class A, 21-story, 460,000-SF
office building located at 600 Anton Boulevard
 in Costa Mesa, CA 

 

COSTA MESA, CA – Affirming its commitment to Orange County, California, Snell & Wilmer and JLL announced the law firm entered into a new lease for 57,326 square feet across three floors of office space at Plaza Tower, a Class A, 21-story, 460,000-square-foot office building located at 600 Anton Boulevard in Costa Mesa, California. 

Cesar Pelli

 Plaza Tower is an iconic building with a distinctive stainless-steel façade designed by internationally renowned architect Cesar Pelli.

 

The lease, one of the largest for a law firm in the county in 2024, represents an expansion of Snell & Wilmer’s Orange County office to accommodate over 70 lawyers and coincides with the firm’s 35^th anniversary in the County. The length and estimated value of the lease was not disclosed.

 

Established in 1989, Snell & Wilmer’s Orange County Office has continued to grow, expand its service offerings, and remain committed to serving clients in Southern California and beyond.  

 Jon Frank

“Our firm wanted to remain in this location because we value our 20-year relationship with the Segerstrom family, and the quality of the greater South Coast Plaza area and the building itself,” said Jon Frank, Snell & Wilmer Partner. 

 

“We have a great, collaborative culture at Snell & Wilmer, and we will be making a significant investment and upgrade to our space in order to enhance the office experience for our outstanding attorneys and professional and administrative staff.”

 

Eric Pezold, managing partner of Snell & Wilmer’s Orange County office, added, “Renewing our lease in this location underscores our commitment to both our clients and the community we serve. 

Eric Pezold

This region has been instrumental in our firm’s success, and as we look to the future, we anticipate continued growth and expansion in response to the needs of our clients and the evolving legal landscape. 

"Our presence here enables us to attract top talent and reinforces our role as a leading law firm in the region.”

 

JLL’s Kevin Bender along with Charles Nixon of CBRE’s Phoenix office represented Snell & Wilmer in the lease. The landlord, 600 Anton Boulevard Associates, was represented by Robert Lambert and Rick Kaplan of Cushman & Wakefield.

 

“We continue to see firms evaluate and execute on creating a new environment for their partners, attorneys and employees using culture and office space to attract and retain employees,” said Bender, JLL Executive Managing Director. “Each firm is unique when it comes to size, design and amenities in their space.”

Kevin Bender 

According to JLL’s Q3 Orange County Office Insight Report, “leasing volume increased 5% quarter-over-quarter in the quarter, exceeding the trailing five-year quarterly average by 2%.” 

 

 

 

Contact:

 

David Ebeling

Ebeling Communications

949.861.8351

949.278.7851 (Cell)

david@ebelingcomm.com

Member of the National Association of Real Estate Editors (NAREE)

“PR Strategist for the Commercial Real Estate Industry:  I do what I love and love what I do.”

 

JLL represents Hill, Farrer & Burrill LLP Law firm in 25,000-square-foot lease at City National Plaza in downtown Los Angeles

 

Dean Dennis

LOS ANGELES, CA – JLL has represented Hill, Farrer & Burrill LLP in a new lease for a full floor of 25,000 square feet of office space at City National Plaza located at 515 South Flower Street in Los Angeles, California. 

Thomas McDonald

The lease represents a relocation from another office tower in downtown Los Angeles and continues Hill Farrer’s more than 100-year history in downtown Los Angeles.  Move-in is expected in June 2025.

 

"Moving into our new space reflects the firm’s dedication to the next generation of clients and lawyers,” said Hill Farrer Managing Attorney Dean Dennis.

 

“We envision it as a place where our professionals can engage more closely with clients and contacts, fostering the collaboration and trust that lie at the heart of our firm. This environment will strengthen our firm’s culture and commitment to service in a contemporary, welcoming setting."

 

Mike McKeever

JLL’s Tom McDonald and Mike McKeever along with Tony Morales represented Hill Farrer in the lease. The landlord, CommonWealth Partners, was represented in-house by John Bendetti.

 

“Despite the challenging office leasing climate in downtown Los Angeles, there are still high-quality transactions being completed with financially strong landlords,” said McKeever, JLL Managing Director. 

 

“Hill Farrer & Burrill was attracted to City National Plaza because of quality of ownership, the project amenities, outdoor space as well as the quality tenant roster.  The partners are excited to build a progressive workspace to enhance collaboration and attract the best attorneys and staff.”

 

According to JLL’s Q3 Los Angeles Office Insight Report, “a reduction in interest rates, coupled with increasing office attendance, will help spur renewed demand across LA’s diversified tenant base.” 

Tony Morales

About Snell & Wilmer

Founded in 1938, Snell & Wilmer is a full-service business law firm with more than 500 attorneys practicing in 16 locations throughout the United States and in Mexico, including Los Angeles, Orange County and San Diego, California; Phoenix and Tucson, Arizona; Denver, Colorado; Washington, D.C.; Boise, Idaho; Las Vegas and Reno, Nevada; Albuquerque, New Mexico; Portland, Oregon; Dallas, Texas; Salt Lake City, Utah; Seattle, Washington; and Los Cabos, Mexico. 

John Bendetti

The firm represents clients ranging from large, publicly traded corporations to small businesses, individuals and entrepreneurs. For more information, visit 

Contact:

 

David Ebeling

Ebeling Communications

949.861.8351

949.278.7851 (Cell)

david@ebelingcomm.com

Member of the National Association of Real Estate Editors (NAREE)

“PR Strategist for the Commercial Real Estate Industry:  I do what I love and love what I do.”

 swlaw.com.

 

$32 million refinancing arranged by JLL Capital Markets for boutique office asset in Chicago

 

Katia Novi

CHICAGO, IL–  JLL Capital Markets has arranged a $32 million refinancing for 609 West Randolph, a 15-story boutique office property totaling 95,000 square feet in Chicago, Illinois.

 

Working on behalf of the borrower, Vista Property, JLL placed the five-year, 7.23% fixed-rate loan with JP Morgan Chase & Co.

 Completed in 2022, 609 West Randolph was designed with the next-generation workplace in mind. The building features touchless technology, cutting edge building systems and flexible floor plates ranging from 5,500 to 7,100 square feet.

Christopher Knight

Building amenities include a penthouse lounge and conference room, green rooftop space and amenity terrace, offices with private outdoor terraces and a lobby design inspired by boutique hotels. 609 West Randolph is 93.5% leased to a diverse mix of 10 tenants, including Fetch Rewards, Buford Capital and NTT Data.

 The property is positioned at the nexus of Chicago’s West Loop and Fulton Market neighborhoods offering immediate access to a variety of dining, nightlife, residential, shopping and hospitality options.

Matt Maksymec 

West Loop has also become the preferred location for corporate tenants moving into the Chicago CBD and is home to numerous Fortune 500 companies and boutique startups across varying industries.

 609 West Randolph offers tenants excellent transit access being located within walking distance of the Morgan/Lake station, the CTB bus line and a short drive to the Interstate 90/94 Expressway.

 

JLL’s Debt Advisory team representing the borrower was led by Managing Director Christopher Knight, Associate Matt Maksymec and analyst Katia Novi. 

 For more news, videos and research resources, please visit JLL’s newsroom. 

 

Contact:

 Kristen Murphy,

 JLL Director,

 Public Relations

Phone: +1 617 543 4873

Email: kristen.murphy@jll.com