Strong Leasing Activity
Douglas Emmett leased 973,000 square feet of office space, including over 300,000 square feet of new leases, achieving positive absorption for 3 of the last 4 quarters.
Residential Portfolio Success
The multifamily portfolio had full occupancy, increasing rents, and same-property cash NOI growth exceeding 10%.
Office to Residential Conversion
Plans to convert the 10900 Wilshire office property into 320 apartments in Westwood, aiming to enhance value and reduce office vacancy.
Refinancing Progress
Refinanced a $200 million office loan with a new nonrecourse interest-only loan at competitive rates, maturing in August 2032.