The much-anticipated Free Market Playa Vista experiential collective of boutiques, restaurants, and event spaces opens May 1 as a retail center and brand incubator.
RETAIL By Andrew Asch | Thursday, April 15, 2021
DJM, a lifestyle-retail-center developer with offices in Los Angeles and San Jose, Calif., recently announced a $70 million recapitalization of its
Lido Marina Village retail center in Newport Beach, Calif. Some recapitalization funds will be used to pay off an existing loan; more will be used to finance the renovation of a 15,000-square-foot boardwalk on the waterfront property as well as 32 boat slips along the property’s boardwalk. The financing was assembled by
Prime Finance and
Arc Capital Partners, said Neville Rhone Jr., Arc Capital Partners’ co-founder and managing partner.
“The DJM team has done an incredible job of redeveloping and remerchandising Lido Marina Village,” Rhone said. “The property is a best-in-class example of a dynamic mixed-use environment, and we look forward to its continued success as a magnet for the many people who live in and visit Southern California.”