relationship

newmark-lba-blackstone-one-culver-2022

2022-04
At a glance

Newmark advised LBA Realty on the recapitalization of One Culver and identified Blackstone as a partial-interest investor/joint-venture partner. Los Angeles Business Journal reported an approximately $510 million valuation and $310 million in financing, with Kevin Shannon among the Newmark representatives for LBA Realty.

Recapitalization and investment relationship
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Context note

Direct transaction relationship. This establishes Kevin Shannon/Newmark's involvement in another major Culver City property-capital transaction separate from Hackman-related deals.