Corion Properties and Newmark have announced it has completed the $57 million sale of an approximately 75,272-square-foot, four-story life sciences building in the heart of University of Southern California’s Health Science Campus, directly adjacent to USC Norris Hospital. This highly specialized, rare building provides a strong presence in the growing Los Angeles life sciences market for USC’s portfolio.
Fred Cordova, Al Grazioli and JoAnn Horeni of Corion Properties Inc. together with Newmark Co-Head of U.S. Capital Markets Kevin Shannon, Executive Managing Directors Rob Hannan and Ken White and Senior Managing Director Laura Stumm, represented the seller, Doheny Eye Institute. USC was represented by CBRE.
For investors looking to sell or buy commercial properties or portfolios, we provide comprehensive transaction solutions, with highly unique and proprietary analytical tools and customized transaction strategies designed to maximize pricing and mitigate execution risk.
Our seasoned professionals have deep capital markets and property level expertise, that teamed with local market knowledge, enables us to identify value-add opportunities, emerging trends and potential risks for lenders and investors to optimize portfolio performance.
We create highly customized asset management strategies and implementation processes on how to accelerate property performance throughout the property life cycle and optimize transaction value on dispositions, recapitalizations, or refinancing.
In every assignment our objective is to perfect property performance for our clients. We focus on smart execution and understanding the “game” to simplify complexity, deliver a clear and compelling investment thesis and cultivate and maintain engagement with strategic buyers to drive pricing.
Corion’s investment and service platforms are integrated with its social programs to provide a consistent brand and philosophy of transforming the urban environment into a safe and sustainable space that engages the community to live, work and play.
