Skip to content
Thursday, October 29, 2026 · Today’s edition, 6:30 a.m. ETThu, Oct 29 · 6:30 a.m. editionSign inMy Desk 0EditionsSign in

Alta West Partners closed $49.8M Forbright Bank bridge loan on Thousand Oaks R&D campus

Leasing and capital improvements at the fully leased campus lifted net operating income more than 170 percent, JLL said.

At a glance

  1. JLL Capital Markets announced the financing Tuesday after representing the sponsor.
  2. The 275,000-square-foot Class A asset sits on 22 acres in Ventura County and includes lab space alongside office and R&D space, dock-high loading and 20,000 amps of electrical capacity.
  3. The JLL team on the deal included Jeff Sause, Marc Schillinger, Josh Blank, Alex Olson, Jalynn Borders and Danny Ryan.

Alta West Partners has closed a three-year, floating-rate $49.8 million bridge loan from Forbright Bank on the Lakeview Innovation Center, a fully leased R&D and office campus in Thousand Oaks, Calif. JLL Capital Markets announced the financing Tuesday after representing the sponsor.

The 275,000-square-foot Class A asset sits on 22 acres in Ventura County and includes lab space alongside office and R&D space, dock-high loading and 20,000 amps of electrical capacity. Tenants include semiconductor company Marvell, Laboratory Corporation of America, Rawlings Sporting Goods and Anchor Loans, according to Commercial Observer.

Alta West acquired the campus in September 2024 and, through leasing and capital improvements, generated more than 170 percent growth in net operating income, JLL said.

The JLL team on the deal included Jeff Sause, Marc Schillinger, Josh Blank, Alex Olson, Jalynn Borders and Danny Ryan.

Reported by the Real estate debt desk from Commercial Observer. Published . Corrections

Related

Real Estate

JLL places $49.75M Forbright Bank bridge loan on Thousand Oaks campus

Alta West Partners bought Lakeview Innovation Center at 50% leased in September 2024 and has since filled the property, according to Connect CRE.

Real Estate

Oxford's Riverside sale pairs a leased 2018 building with a 1990 park

Sierra Ridge is buying two buildings that will not price alike, and the bundle is the point.

Real Estate

JLL arranges $135M debt and equity for Yonkers apartment tower

Bank OZK is the senior construction lender and Eagle Realty Group the LP equity investor on the 282-unit Ibex at Ridge Hill.

Real Estate

CMBS delinquency rate rises 15 bps to 4.97% in third quarter

Life company loan delinquencies rose 14 bps to 1.33% and FHA fell 16 bps to 0.90%, the MBA's CREF survey shows.

Real Estate

Tyko Capital lends $817M for Miami Faena condo towers

The construction loan is Florida's largest, topping a $772 million West Palm Beach office loan, Commercial Observer reports.

Private Real Estate Dailyfrom Private Wealth Daily

Non-traded REITs, data centers, industrial and manager fundraising. Daily at 7:20 a.m. ET.

Free. Every morning. Unsubscribe from any edition in one click.

From other sections