Anderson Real Estate has completed a $550 million refinancing of Anderson Towers, the two-building office campus it owns at 1800 and 1900 Avenue of the Stars in the Century City district of Los Angeles. The family-owned company announced the transaction on Oct. 12, naming Wells Fargo as primary lender and servicer and JPMorgan Chase as secondary lender.
Anderson said the campus is 98.1% leased and that it has invested more than $300 million in the two buildings since 2021. The company did not disclose the loan’s term, its maturity date, its interest rate or how the proceeds will be applied.
A large office loan in a market that has been short of them
The stress in commercial lending has been concentrated precisely in the asset class Anderson owns. RealtyWire reported in July that the commercial mortgage-backed securities distress rate reached a 2026 high of 10.91%, with office loans leading the deterioration. On our reading, a $550 million loan written against a nearly full, newly renovated office campus says less about the office sector as a whole than about the narrow band of buildings inside it that lenders are still willing to underwrite at scale.
Anderson’s own numbers point to why the campus sits in that band. The company said roughly 875,000 square feet of leases have been signed across the two towers since 2022.
The anchor among them is Ares Management, which signed a 12-year lease for about 206,000 square feet at 1800 Avenue of the Stars in 2023 and established its Los Angeles headquarters at the building. Other tenants Anderson listed include Savills, the law firm Milbank, Canyon Partners, Rockefeller Capital Management, Guggenheim Partners, Invesco and Dear Media — a roster weighted toward investment management, private capital and professional services.
What the money went into
Anderson completed a renovation of the campus in 2025 covering the building façades, the lobbies and common areas, and the landscaped outdoor spaces between the towers. Montalba Architects, led by David Montalba, and OJB Landscape Architecture, represented on the project by Dillon Diers, designed the work.
Both buildings earned LEED Gold certification in 2026, Anderson said. In June 2026, 1900 Avenue of the Stars received BOMA International’s TOBY Award for Renovated Building of the Year.
Matt Lavin, Anderson’s executive chairman, said the company invested in the campus “because we believe deeply in the long-term strength of Century City,” adding that “the leasing success we have achieved across the campus has validated that conviction.” He described the refinancing as “another important milestone for Anderson Towers.”
Eastdil Secured Savills arranged the financing on Anderson’s behalf. Mike Kathrein, a managing director at the firm, said Anderson “had a clear vision for these assets and continued to invest in the campus,” and that the campus’s “leasing success and this financing reflect the quality of the property.”
The owner
Anderson Real Estate is a private, family-owned development and management company founded in 1956 and headquartered in Century City. It owns 56 properties totaling more than 3.2 million square feet across office, retail, mixed-use and industrial assets, concentrated in Los Angeles-area submarkets with additional holdings in Hawaii.
That profile — a long-held, locally concentrated portfolio with no public shareholders — matters to how this deal reads. Anderson was able to spend four years and more than $300 million repositioning two buildings through the worst stretch of the office downturn without having to answer to a quarterly earnings call, and it is refinancing now, against stabilized occupancy, rather than at the bottom. Owners answering to public shareholders or to fund life cycles have faced tighter constraints on holding a repositioning project that long.
The transaction follows other signs of selective recovery in the market’s better-located office product. Earlier this year RealtyWire covered the completion of a 500,000-square-foot office redevelopment in Playa Vista by Lincoln Property Company and Strategic Value Partners, another West Los Angeles project built on the premise that tenants will still pay for renovated space. Neither deal resolves the broader commercial real estate question in Los Angeles, which is what happens to the older, emptier towers that have not been through a renovation of this kind.
