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 Opportunity

Cornerstone at Cottonwood Corporate Center

&lt;div data-olk-copy-source=&quot;MessageBody&quot;&gt;&lt;strong&gt;OFFERS DUE: TUESDAY, MARCH 24, 5:00 PM PT&lt;/strong&gt;&lt;br /&gt;&lt;br /&gt;Colliers, as exclusive advisor, is pleased to present the opportunity to acquire the fee simple interest in 2750 and 2800 E. Cottonwood Parkway, known as Cornerstone at Cottonwood Corporate Center (the &quot;Property&quot;), a best-in-class office campus located in the highly affluent city of Cottonwood Heights, Utah. Situated on 8.9 acres within one of the state’s most desirable business districts to live and work, the connected, two-building office project totaling 288,455 square feet is currently 100% leased to a diverse tenant roster and represents the newest Class A office development in the submarket.&lt;br /&gt;&lt;br /&gt;Cornerstone is distinguished by its tenant quality and long-term income durability, with a weighted average lease term of 5.59 years and a tenant base that has demonstrated strong retention since initial delivery. Robust leasing demand at the Property has supported approximately 25% rent growth over the past 18 months, with executed leasing achieved at a weighted average tenant improvement allowance of $16.40 PSF across leases executed from 2021 to 2025, materially below levels typically required for comparable trophy assets in higher-cost West Coast markets.&lt;br /&gt;&lt;br /&gt;With new construction costs in excess of $600 PSF across the Salt Lake Valley, the Property’s modern construction, efficient floor plates, and land-rich, campus-style layout with integrated structured parking are increasingly difficult to replicate, thereby limiting new competitive supply and resulting in an acquisition basis meaningfully below replacement cost.&lt;br /&gt;&lt;br /&gt;Positioned in Salt Lake County’s top-performing office submarket, where Class A vacancy is 8% and rents are the highest in the market, the Property benefits from immediate access to I-215 and I-15, positioning it between Downtown Salt Lake City and the Silicon Slopes technology corridor, as well as proximity to Big and Little Cottonwood Canyons, which places eight world-class ski resorts within a 30-minute drive. Notably, Salt Lake and Utah counties lead all Western and Midwestern markets in 2025 Q3 YTD net absorption, even ahead of Silicon Valley. Cottonwood Heights is also widely recognized as one of Utah’s most affluent and educated submarkets, with a median household income of $131,564 and approximately 59.4% of residents holding a college degree within a two-mile radius of the Property.&lt;br /&gt;&lt;br /&gt;Cornerstone offers investors a rare opportunity to acquire a generational, fully stabilized office campus positioned to deliver core-plus returns with the potential to outperform, supported by durable income, embedded upside, and one of the most defensible executive office locations in the state of Utah.&lt;/div&gt;

Cornerstone at Cottonwood Corporate Center Cottonwood Heights, UT 84121

999 Third Ave (11.3% First-Mortgage Interest)

Colliers, as exclusive advisor, is pleased to present the opportunity to acquire an 11.3% interest in the first-mortgage (the “Loan“) secured by 999 Third Avenue, a 985,958 square foot, 47-story Class A office tower occupying a full city block in downtown Seattle. 999 Third Avenue is one of Seattle’s most recognizable office addresses — an institutional-scale landmark built in 1981 and comprehensively renovated in 2019–2021. The Property is anchored by DocuSign (108,226 RSF) and Wells Fargo (86,473 RSF), with a diversified tenant roster spanning financial services, legal, and technology sectors. Currently 56% occupied with efficient ~22,000 SF floor plates, the asset presents a compelling value-add leasing opportunity as Seattle’s CBD continues to stabilize and flight-to-quality demand accelerates.The offering represents a rare opportunity to acquire a pro rata interest in a fully restructured, institutionally sponsored loan at an attractive basis. Investors step into a right-sized debt position on a generational Seattle asset in one of the nation’s top technology and knowledge economy markets.

Campus56

&lt;p&gt;Colliers, as exclusive advisor, is pleased to present the opportunity to acquire the fee simple interest in Campus56 (the “Property”), a dual-building office and flex campus located at 5600 and 5650 W. Centinela Ave in the heart of Silicon Beach. Recently renovated in 2022 and totaling 57,868 square feet across two low-rise buildings, Campus56 offers an ideal owner/user opportunity with 100% of the Property available for occupancy and the scale and flexibility to serve as a dedicated headquarters or regional hub in Los Angeles at the border of Culver City and Playa Vista.&lt;br /&gt;&lt;br /&gt;Designed to support a broad range of modern office and flex-oriented operations, the Property combines traditional office space with high-ceiling flex areas and outdoor amenity zones suitable for creative office, studio and light production, research and development, collaborative lab space, and back-of-house functions. The dual-building layout enables clear separation between client-facing and technical uses, distinct business units, or phased growth, while above-standard electrical infrastructure further differentiates the campus.&lt;br /&gt;&lt;br /&gt;Situated within one of the Westside’s most amenity-rich live/work/play environments, the Property benefits from proximity to Downtown Culver City dining and nightlife, Westfield Culver City retail, Topgolf El Segundo, and the Hollywood Park Entertainment District, including SoFi Stadium, YouTube Theater, Kia Forum, and Cosm Los Angeles. The surrounding area is anchored by a diverse employment base spanning technology, media, aerospace, defense, and professional services across Culver City, Playa Vista, El Segundo, and the South Bay, complemented by strong regional connectivity via the I-405 and I-10 freeways and short drive times to Los Angeles International Airport.&lt;br /&gt;&lt;br /&gt;Campus56 represents a unique opportunity for an owner-user or opportunistic investor to acquire a flexible, well-located campus asset suited to a wide range of operations at the center of Silicon Beach’s technology, media, and innovation ecosystem.&lt;/p&gt;

Campus56 Los Angeles, CA 90045

EY Plaza

Colliers is pleased to present the opportunity to acquire the $275 million non-performing loan (the “Loan”) secured by the fee simple interest in 725 S. Figueroa Street, also known as EY Plaza (the “Property” or “Collateral”), in downtown Los Angeles, California. &lt;br /&gt;&lt;br /&gt;Totaling 968,745 rentable square feet and currently 61% leased to 27 tenants, EY Plaza is one of downtown Los Angeles’ iconic Class A office towers. The Property is an extremely efficient rectangular-shaped building with significant residual value in the existing improvements. Over 150,000 square feet of the space available to lease today (16% of the building) requires less than $40 per square foot in tenant improvements, allowing investors to better control capital expenditures when leasing up the building, which is ideal in today’s office leasing environment. &lt;br /&gt;&lt;br /&gt;EY Plaza was the first building constructed in a full city block development that began in the early 1980s and only recently finished in 2023 with the development of The Beaudry, a brand new 785-unit luxury multifamily building. This project is unique in DTLA as it creates a full live-work experience having the heavily trafficked 330,000-square-foot FIGat7th retail center at the base, two office buildings on either side, including EY Plaza, and the new luxury apartment building in the middle. &lt;br /&gt;&lt;br /&gt;This sale offers investors the opportunity to acquire this non-performing loan at a massive discount to note balance, historic trades in DTLA going back decades, and estimated replacement cost of over $750 per square foot.

EY Plaza Los Angeles, CA 90017

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Colliers Brokers +733k SF Tech Park Sale in Goleta, CA

Southern California, March 19, 2026 &ndash; Colliers is pleased to announce the recapitalization sale of the Tech Park @ Goleta Portfolio, a landmark Class A, 17-building technology campus comprised of five business parks spanning 733,497 SF in the Central Coast city of Goleta, California. The transaction marks one of the most notable trades in a market defined by limited supply and muted transaction activity. The portfolio was acquired for an undisclosed figure through a recapitalization that included Majestic Asset Management, Praelium, Blackbird Investment Group, and H.I.G. Capital, introducing new institutional capital and strategic oversight and positioning the campus for continued growth and long-term value creation. The seller, David Fradin, Head of Majestic Asset Management, has spent years thoughtfully preparing the portfolio for this next phase of ownership, adding value through leasing, tenant buildouts, branding, and targeted upgrades across the five campuses. Majestic is currently identifying potential industrial opportunities throughout the Western U.S. to purchase for its exchange. The acquisition meaningfully enhances the partners&rsquo; strategic positioning within one of Southern California&rsquo;s most sought-after and supply-constrained markets. &ldquo;Goleta&rsquo;s combination of entrenched technology and aerospace tenants, limited new supply, and strong institutional ownership continues to support long-term investor conviction in the market,&rdquo; said Sean Fulp, Vice Chair at Colliers and lead broker on the transaction. &ldquo;We continue to see sophisticated capital prioritize high-quality R&amp;D and industrial assets in Goleta given the market&rsquo;s durable fundamentals and long-term growth trajectory.&rdquo; Alongside Fulp, the Colliers team of Vice Chair Michael Kendall, Executive Vice Presidents Mark Schuessler and Gian Bruno, Senior Vice President Kenny Patricia, and Associate Vice President Blake Hammerstein partnered with local market experts Francois DeJohn and Caitlin Hensel, Partners at Hayes Commercial Group, in exclusively marketing the portfolio and facilitating the deal on behalf of all parties. CBRE Executive Vice Presidents Brad Zampa and Mike Walker provided debt and structured finance advisory. The transaction further reflects the momentum behind Colliers&rsquo; expansion into the Central Coast. Following the firm&rsquo;s Santa Barbara office opening last year, the local platform is poised to capture growing investor and occupier demand and support future opportunities throughout the region. Designed to support a broad range of uses, including office, flex, laboratory, and industrial, the portfolio offers a dynamic environment tailored to innovation-driven tenants. Approximately 85% of the portfolio is dedicated to industrial and R&amp;D space, aligning with strong demand from advanced manufacturing, aerospace, defense, medical device, and emerging technology users. Located along California&rsquo;s Central Coast and in close proximity to the University of California, Santa Barbara, Goleta has emerged as a hotbed for technology, aerospace, defense, and medical device companies. The region benefits from a strong research ecosystem, a highly educated workforce, and a collaborative business environment that fosters commercialization and growth. The city is home to major global and national corporations, including Google, Microsoft, Yardi, Lockheed Martin, Raytheon, and Sonos. In recent years, the market has also seen accelerating momentum from quantum computing and artificial intelligence companies, further diversifying and strengthening the local economy. For additional information, please contact:
Leanne Daly Manager, PR &amp; Communications U.S. West Region Leanne.Daly@colliers.com 760-930-7941

The seller, David Fradin, Head of Majestic Asset Management, has spent years thoughtfully preparing the portfolio for this next phase of ownership, adding value through leasing, tenant buildouts, branding, and targeted upgrades across the five campuses. Majestic is currently identifying potential industrial opportunities throughout the Western U.S. to purchase for its exchange.

The acquisition meaningfully enhances the partners&rsquo; strategic positioning within one of Southern California&rsquo;s most sought-after and supply-constrained markets. &ldquo;Goleta&rsquo;s combination of entrenched technology and aerospace tenants, limited new supply, and strong institutional ownership continues to support long-term investor conviction in the market,&rdquo; said Sean Fulp, Vice Chair at Colliers and lead broker on the transaction. &ldquo;We continue to see sophisticated capital prioritize high-quality R&amp;D and industrial assets in Goleta given the market&rsquo;s durable fundamentals and long-term growth trajectory.&rdquo;

Alongside Fulp, the Colliers team of Vice Chair Michael Kendall, Executive Vice Presidents Mark Schuessler and Gian Bruno, Senior Vice President Kenny Patricia, and Associate Vice President Blake Hammerstein partnered with local market experts Francois DeJohn and Caitlin Hensel, Partners at Hayes Commercial Group, in exclusively marketing the portfolio and facilitating the deal on behalf of all parties. CBRE Executive Vice Presidents Brad Zampa and Mike Walker provided debt and structured finance advisory.

The transaction further reflects the momentum behind Colliers&rsquo; expansion into the Central Coast. Following the firm&rsquo;s Santa Barbara office opening last year, the local platform is poised to capture growing investor and occupier demand and support future opportunities throughout the region.

Designed to support a broad range of uses, including office, flex, laboratory, and industrial, the portfolio offers a dynamic environment tailored to innovation-driven tenants. Approximately 85% of the portfolio is dedicated to industrial and R&amp;D space, aligning with strong demand from advanced manufacturing, aerospace, defense, medical device, and emerging technology users.

Located along California&rsquo;s Central Coast and in close proximity to the University of California, Santa Barbara, Goleta has emerged as a hotbed for technology, aerospace, defense, and medical device companies. The region benefits from a strong research ecosystem, a highly educated workforce, and a collaborative business environment that fosters commercialization and growth.

The city is home to major global and national corporations, including Google, Microsoft, Yardi, Lockheed Martin, Raytheon, and Sonos. In recent years, the market has also seen accelerating momentum from quantum computing and artificial intelligence companies, further diversifying and strengthening the local economy.

For additional information, please contact: Leanne Daly Manager, PR &amp; Communications U.S. West Region Leanne.Daly@colliers.com 760-930-7941

Unlocking Housing Near Transit: Impacts of California Senate Bill 79

California Senate Bill 79, the Abundant and Affordable Homes Near Transit Act, introduces a statewide zoning framework that enables mid-rise residential development near major transit stops. The legislation establishes clear, tiered standards for height, density, and floor area ratios, while overriding restrictive local limits within designated transit areas. SB 79 is designed to align housing growth with existing infrastructure, reduce car dependence, and expand supply in high-opportunity neighborhoods. By standardizing entitlements across qualifying corridors, the law provides developers and investors with greater clarity, predictability, and the potential for value creation around transit-oriented locations. This insight report examines the statewide framework created under SB 79 and its implications for entitlement, feasibility, and investment. Featuring Los Angeles as a case study, the report illustrates how local implementation could reshape land use patterns along key Metro corridors, including the B, D, A, E, and K lines. As the policy takes effect in mid-2026, SB 79 is expected to drive renewed interest in infill development, strengthen collaboration between cities and transit agencies, and advance the next generation of sustainable, transit-connected communities across California.

Flight to the Future - Reimagining the Santa Monica Airport

The upcoming closure of the Santa Monica Airport marks a once-in-a-generation opportunity to reshape the city&rsquo;s west side and deliver lasting benefits for the broader community. With over 220 acres set to be re-purposed as public parkland, the transformation has the potential to redefine the Ocean Park neighborhood&mdash;introducing expansive green space, new recreational amenities, and pedestrian-friendly connections where runways once stood. For nearby residents and the surrounding office and creative business districts, the new parkland promises not only a major environmental upgrade but also a powerful amenity that enhances quality of life, supports healthier lifestyles, and helps attract and retain talent in Santa Monica&rsquo;s evolving economic landscape.

Signs of Stabilization: Los Angeles Office Market Mid-2025

The Greater Los Angeles office market posted mixed results in Q2 2025, with leasing activity holding steady at 7.0 million square feet year-to-date&mdash;mirroring the first half of 2024&mdash;but overall vacancy rising slightly to 24.4% Finance, legal, and healthcare tenants drove demand, while technology, media, and entertainment remained cautious in committing to long-term space strategies. Sublease availability fell to 4.2%, its lowest level in three years, signaling that much of the excess pandemic-era space has been absorbed Average asking rents increased 1.8% year-over-year to $3.92 per square foot per month, with Class A space commanding $4.22. Roughly 2.3 million square feet remain under construction, concentrated in West Los Angeles and Hollywood, with most completions expected by year-end 2026. Performance varied widely by submarket. Century City continued to lead West Los Angeles leasing, accounting for 27% of activity and achieving 5.2% annual rent growth. Downtown Los Angeles struggled with a 29.7% availability rate, while Hollywood/Mid-Wilshire reached a record 30.2% due to media consolidation. The Tri-Cities market posted modest rent gains but faced the region&rsquo;s highest sublease rate at 5.2%. In contrast, San Gabriel Valley saw availability drop to 11% on strong healthcare and government demand, and the San Fernando Valley recorded leasing growth led by finance and healthcare tenants. Overall, the market shows early signs of stabilization, but recovery remains uneven. Location, building quality, and tenant mix will continue to define performance across Los Angeles office markets through the next 18 months.

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