(Save the date: RealShare Los Angeles comes to the Hyatt Regency Century Plaza in Los Angeles, CA, on March 27, 2013.)
WEST HOLLYWOOD, CA-Broadreach Capital Partners has received a $78-million refinancing loan for the Sunset, a 177,949-square-foot, mixed-use development here. HFF worked on behalf of Broadreach to secure the three-year-floating-rate loan through AIG Asset Management Group. The loan, which provides for two additional one-year extension options, was used to refinance existing debt and will also be serviced by HFF.

The HFF team representing the borrower was led by managing director Todd Sugimoto and director Andrew Harper, along with senior managing directors Richard Plummer, Michael Ross and Michael Leggett.

One of the largest developments along Hollywood's Sunset Strip, the property is located adjacent to Sunset Plaza, a 47-store lifestyle center. The Sunset is 95% leased overall and includes a 10-story, 71,119-square-foot office tower and a two-story, 106,830-square-foot retail and office plaza along with a five-level, 937-space subterranean parking garage. Originally built in 1963, the tower was completely rebuilt in 2001, and the plaza and parking garage were added in 2002. Tenants include media firms 19 Entertainment and Talpa Media Group, Apple, Equinox and H&M.