CULVER CITY, CA—Developer VCN has purchased the Surfas Culinary District in Culver City, CA, with plans to develop a 100,000-square-foot mixed-use property on the site. The developer purchased the property for $16 million and has secured a $10.2 million loan through Buchanan Street Partners‘ high yield lending program to fund the development.

“Culver city is going through a massive renaissance that has attracted a significant amount of world-class creative office users, new restaurants and residential development,” Tim Ballard, president of Buchanan Street Partners, tells GlobeSt.com. “With that, many existing properties are being redeveloped to meet today’s tenant demands. The subject property is in a premier location, that has a lot of development or redevelopment in the immediate area, that will be very attractive to office, retail and residential tenants.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2025 ALM Global, LLC. All Rights Reserved.