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Brookwood Financial Buys Office Portfolio

SAN DIEGO—CBRE arranged nearly $90 million to help the Massachusetts firm acquire the seven buildings that make up the Newport National Portfolio.

By David Phillips | Updated on March 02, 2015

SAN DIEGO—CBRE Capital Markets’ debt and structured finance team has originated $89.9 million in financing for Brookwood Financial Partners’ acquisition of a 484,573-square-foot portfolio of office properties located in San Diego County.

Charles Foschini, Christian Lee and Christopher Apone of CBRE’s Miami office arranged the financing on behalf of Brookwood Financial, of Beverly, MA. Blackstone provided the two-year, interest-only loan at a floating rate over LIBOR.

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