Lido Marina Village, Lido Isle, Newport Beach, CA

Linda Berman

LOS ANGELES, Ca – Commercial real estate investment banking firm George Smith Partners has successfully arranged $51.4 million in bridge financing on behalf of its client, Lido Retail Group, an affiliate of DJM Capital Partners, for the complete renovation of the Lido Marina Village, a 123,391 sf multi-block, mixed use property on Lido Isle in Newport Beach, Calif., according to George Smith Partners’ Principal Steve Bram and Senior Vice President David Pascale.

The property consists of retail, restaurant and office space in 14 separate structures including prime waterfront boutique and dining space featuring spectacular harbor views, along with 47 boat docks and charming common areas for strolling, shopping and outdoor entertainment.   The property stretches from the waterfront, across a public street and walkway and includes street front retail and a small multi-tenant office building. DJM’s renovation will create an integrated village feel across the entire project.  

Heather Hollister

Eric Sahn, CFO of DJM Capital Partners, noted that these property attributes were a major factor in the decision to acquire the asset.  “What attracted us to this investment was the physical property itself and the incredible location on Newport Harbor,” he said. 

“These unique older buildings, in good condition, with desirable, spacious floor plans will serve as the foundation for a great new project.”

 Linda Berman, DJM’s SVP of Corporate Strategy is overseeing the rebranding of the property.   She was previously VP of Corporate Brand Strategy for Caruso Affiliated, working on the Grove, The Americana at Brand and other specialty projects within the Caruso portfolio.

Leasing will be overseen by Heather Hollister, SVP of Leasing for DJM.  Previously with The Irvine Company, she managed leasing for several properties, including Irvine Spectrum and Fashion Island.

Employing a highly selective, curated approach to Lido’s merchandising strategy, numerous high-end specialty restaurants and boutiques have already expressed interest in Lido Marina Village’s unique location and opportunity.

For a complete copy of the company’s news release, please contact:

Corynne Randel/ Jenn Quader

Brower, Miller & Cole

(949) 955-7940

Crandel@browermillercole.com