Arenda Capital Management, LLC

Arenda Acquires The Commons in Pasadena

admin — Wed, 23 Nov 2011 19:52:59 +0000

PASADENA, Calif.– Arenda Capital Management, a Los Angeles based private real estate investment firm, and AEW, a Boston based pension fund advisor, purchased The Commons on Lake Ave in an off-market transaction.

Perhaps one of Pasadena’s most recognizable projects, The Commons is a landmark 87,000-square-foot retail and office property sitting on just under 2 acres along South Lake Avenue. Anchored by the historic Williams-Sonoma building originally built in 1912, The Common’s is home to some of Pasadena’s most popular restaurants including Green Street Cafe, Lemonade and Cafe 140. Other retail tenants include The Counter, The Pasadena Cheese Store, Carmody & Co .and the Wine Detective.

“There is so much to love about Pasadena - its rich culture,wonderful architecture and a strong sense of community - and The Commons epitomizes all of these,” said Evan Meyer, Managing Principal of Arenda Capital Management. ”We are thrilled at the opportunity to purchase an asset we’ve admired for so many years and look forward to bringing some new energy to the property. We are committed to making The Commons the premier retail and office destination in Pasadena.”

Carlos Lopez of Hanely Investment Group and Pat Hurst of Hurst Harrigan represented both buyer and seller in the transaction. Gary Mozer’s team at George Smith Partners arranged the equity. Arenda Capital Management is private real estate investment company based in Los Angeles, CA. Current portfolio consists of retail, office, and multifamily communities across the United States. In 2011 alone, Arenda has acquired more than $80MM in commercial real estate assets, including 1,100 units of apartments. They are actively seeking new opportunities. For more information, please visit arendacapital.com.

Additional Coverage:

Pasadena Star

Globe St.

Hanley Investment Release

Arenda Capital Management

admin — Tue, 28 Jun 2011 21:12:42 +0000

Arenda Capital Management is a family office based private equity fund management company with commercial real estate operating expertise. Continue reading →

Arenda Advisory Board Member Nominated to Obama Team

press2 — Thu, 19 Mar 2009 12:00:32 +0000

On behalf of the entire Arenda Capital Management team, we are proud to annouce that our dear friend and advisory board member Raphael Bostic, has been nominated to serve in President Obama’s Administration in the capacity of Assistant Secretary for Policy Development and Research in the Department of Housing and Urban Development. We are very proud of Raphael’s accomplishments and wish him well as he moves to Washington in service of our country.

From the official White House Press Release:

Raphael Bostic, Nominee for Assistant Secretary for Policy Development and Research, Department of Housing and Urban Development
Dr. Bostic is a Professor in USC’s School of Policy, Planning, and Development. Mr. Bostic studies the roles that credit markets, financing, and policy play in enhancing household access to economic and social amenities. Dr. Bostic is an expert on housing and homeownership, and has extensively studied the roles that credit markets, financing, and policy play in enhancing household access to economic and social amenities. He is also currently studying the effects of community development financial institutions on neighborhood well-being, how anti-predatory lending laws impact credit flows, and the role of the private label secondary market in facilitating the flow of capital to subprime and possibly predatory loans. He teaches courses in affordable housing development, urban economics, real estate finance, policy and planning analysis, and public finance. Dr. Bostic was formerly Director of the school’s Master of Real Estate Development degree program and was the founding director of the Casden Real Estate Economics Forecast. He previously worked at the Federal Reserve Board of Governors, where he was awarded a Special Achievement Award for his performance associated with a review of the CRA. He earned his Ph.D. in Economics from Stanford University and his BA from Harvard University.