Anderson Real Estate Secures $550 Million Loan
The firm refinanced its Century City office towers following an extensive multi-year renovation project.
Updated on Oct. 22, 2026 in Commercial
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Anderson Real Estate has secured a $550 million loan package to refinance its two-building office campus in Los Angeles. The financing follows a successful five-year renovation effort for the 940,000-square-foot property.
Why it matters
The deal signals continued strength for the Century City office market, supported by a high 98% occupancy rate across the campus. The refinancing covers $300 million in previous debt while capitalizing on the property's updated amenities.
The campus spans 940,000 square feet and maintains a 98% occupancy rate. The property, comprised of 1800 and 1900 Avenue of the Stars, received an appraisal of $1 billion in 2025.
The players
Anderson Real Estate
This is the commercial property investment firm that manages the office campus.
Ares Management Corp.
This is a global investment manager that signed a significant 12-year lease for 206,000 square feet.
Wells Fargo
This is a major American financial services company that served as a provider for the loan.
JPMorgan Chase
This is a leading global financial institution that co-provided the mortgage-backed securities loan.
The details
The office complex, originally developed in the 1960s as Gateway East, underwent renovations between 2019 and 2024 that included new facades, lobbies, and landscaped outdoor spaces. Wells Fargo and JPMorgan Chase provided the financing for the deal, which was arranged by Eastdil Secured Savills and law firm Allen Matkins.
Timeline
The Anderson family purchased 1800 Avenue of the Stars in 1983.
A five-year renovation period for the towers occurred from 2019 to 2024.
Anderson Real Estate acquired 1900 Avenue of the Stars in 2022.
The refinancing deal was announced on October 20, 2026.
Culture Shift
The renovation of legacy office assets reflects a broader trend of repositioning mid-century buildings to meet modern tenant expectations for lifestyle-integrated workplaces. This investment strategy positions the Century City property as a premium alternative in a competitive, flight-to-quality office market.
The stabilization of this office campus ensures continued high-occupancy activity within the Century City business district. Residents and local employees may see sustained foot traffic and continued support for surrounding retail and service businesses at the Avenue of the Stars location.
The takeaway
Large-scale renovations can be a critical tool for maintaining asset value in aging commercial office sectors. Building owners should consider prioritizing updated common areas and outdoor amenities to attract long-term corporate tenants in competitive urban markets.
Further reading
For more information on the local property market, visit the Los Angeles Commercial section.
Source note: This article includes information reported by Los Angeles Business Journal.
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