FOR IMMEDIATE RELEASE
Contact: Vincent Aviani / Kelsey Kazarian
Macy + Associates
(310) 821-5300
kkazarian@macyinc.com
BUCHANAN STREET PARTNERS SECURES LOAN FOR MAKAR PROPERTIES TO REFINANCE COMPANY'S CORPORATE HEADQUARTERS LOCATION
Newport Beach, CA (January 6, 2006) - Buchanan Street Partners, a real estate investment
bank, provided debt and structured finance advisory services to secure a $10 million loan on
behalf of Makar Properties for the refinancing of the company's headquarters, a class A,
45,890-square-foot office building located at 4100 MacArthur Blvd. in Newport Beach, Calif.
"Makar Properties' chose to refinance its existing loan timed to a maturing previous note and
a market climate offering a variety of favorable interest rates and terms," said Tim Hawthorne,
executive vice president and a co-founder of Buchanan Street Partners. "Buchanan Street Partners
was able to capitalize on Makar's sterling reputation and the assets' location in a top Orange
County submarket to secure a low interest, five year loan through Deutsche Bank with an interest
only component for the entire term.."
Buchanan Street Partners offers a team of knowledgeable debt & structured finance professionals
who are specialists in advising on a wide range of capital strategies including: fixed rate
loans, construction loans, forward commitments, mezzanine loans, floating rate loans, bridge
financing, participating debt, and joint ventures. In every transaction, Buchanan Street Partners
identifies a client's unique finance requirements, pairing that need with the appropriate
institutional capital source and loan structure.
The 45,890-square-foot office property, located at 4100 MacArthur Boulevard, is occupied by Makar
Properties as the company's corporate headquarters and is also a multi-tenant property managed
by the company. The building is situated in Orange County's John Wayne Airport submarket, the
region's fastest rising business hub and provides convenient access to local amenities including
the Pacific Club, John Wayne Airport, UC Irvine, Big Canyon Country Club and the Newport Coast.
"A second key outcome of the transaction was that Buchanan Street Partners was also able to
establish a new relationship for Makar with Deutsche Bank, one of the nation's most respected
institutional lenders," continued Mr. Hawthorne. "Building these significant, long-term
relationships with the institutional lending community on behalf of a client allows us to secure
the most advantageous structures for future transactions and is a hallmark of Buchanan Street
Partners' advisory services."
Makar Properties is a full service construction and development company and specializes in the
acquisition and development of resort, office, mixed-use, industrial and residential properties
in highly attractive locations. Executives of the firm have extensive development experience,
having held senior level positions with well-known commercial development firms such as Koll
Development Company, The Irvine Company, Westinghouse Communities and Birtcher Real Estate.
Given this depth of experience, Makar Properties' management team is well positioned to identify,
entitle and develop suitable/opportunistic properties throughout its areas of operation. Uniquely
qualified in the acquisition and development of high-end commercial and residential properties,
Makar Properties currently has more than $500 million in assets in various stages of development
with a total build-out value of $1.5 billion.
About Buchanan Street Partners…
Buchanan Street Partners is a real estate investment bank that
provides real estate capital for owners and developers. The firm makes principal equity investments
for real estate in a discretionary capacity, arranges debt and structured finance, is an investment
manager to institutional and private investors, offers investment sale brokerage services, and has
a specialty in self-storage finance. Buchanan Street Partners operates from offices in Newport
Beach, Los Angeles, San Francisco, Chicago and Atlanta.
