Revitalization plan underway for Torrance s restaurant row – Daily Breeze dailybreeze.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailybreeze.com Daily Mail and Mail on Sunday newspapers.
DJM to Upgrade Torrance Retail Center With $75 Million Loan therealdeal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from therealdeal.com Daily Mail and Mail on Sunday newspapers.
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.”