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Wednesday, Sep 27, 2023


Big refinance An affiliate of local development firm Johnston Group has secured a $25 million refinance mortgage from Nomura Asset Capital Corp.’s real estate lending division for the 320,000-square-foot Malibu Canyon Business Park and Corporate Center in Calabasas. Johnston completed the business park in two phases in 1986 and 1990. Tenants include a variety of high-tech, insurance, health care and other service operations. The Nomura loan carries a 15-year term and a 30-year amortization schedule. Chase Securities Inc. and Dwyer-Curlett Inc. assisted in negotiating the transaction which closed in just three weeks.

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