Anderson Towers Secure $550 Million Refinance
The renovated Century City office complex remains 98% occupied following a multi-year effort to modernize its two main towers.
Updated on Oct. 22, 2026 in Commercial
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Anderson Real Estate secured a $550 million refinancing package for its Century City office complex. The two-building campus, which includes 940,000 square feet of space at 1800 and 1900 Avenue of the Stars, is currently 98% leased.
Why it matters
This financing signals strong investor confidence in major Los Angeles commercial hubs, reflecting the market value of renovated office properties in high-demand areas. The deal supports the long-term stability of this major Century City employer-heavy site.
The $550 million refinancing covers $300 million in existing debt on the 940,000-square-foot complex. With a 98% occupancy rate, the Century City site is anchored by large tenants like Ares Management Corp., which signed a 12-year lease for 206,000 square feet in 2023.
The players
Anderson Real Estate
A private real estate firm focused on the acquisition and management of major office properties.
Wells Fargo
A major multinational financial services institution that provides commercial real estate financing.
JPMorgan Chase
A global banking leader that partners with institutional investors on large-scale mortgage-backed securities.
Ares Management Corp.
A global alternative asset manager that maintains a significant corporate footprint in Century City.
Eastdil Secured Savills
A specialized real estate investment banking firm that arranges complex financing and advisory services.
The details
The financing follows a five-year renovation period for the two-building campus, which was originally developed in the 1960s as Gateway East. Upgrades included modernizing facades, lobbies, common areas, and exterior landscaping to attract high-tier tenants. The loan was provided by Wells Fargo and JPMorgan Chase, with arrangements handled by Eastdil Secured Savills and the law firm Allen Matkins.
Timeline
1960s: Towers were developed as Gateway East.
1983: Anderson family purchased 1800 Avenue of the Stars.
2019-2024: The company completed a five-year renovation of the office campus.
2022: Anderson acquired 1900 Avenue of the Stars.
October 20, 2026: Company announced the $550 million refinancing deal.
The Home Front
This refinancing reflects a broader trend of capital flowing toward high-occupancy, modernized office properties in prime locations despite wider volatility. It demonstrates how significant long-term reinvestment can maintain property values within the competitive Los Angeles commercial landscape.
Local commercial activity in Century City often influences nearby residential demand and rental valuations for commuters looking to live close to major office hubs. Homeowners should track how major corporate anchors and large-scale office renovations in the area impact local property tax assessments.
The takeaway
The successful refinancing underscores the premium placed on well-maintained commercial space in the Century City area. Residents and investors should watch how future large-scale leases at major office campuses impact local demand and traffic patterns in the surrounding neighborhood.
Further reading
For more on local development trends, visit Commercial.
Source note: This article includes information reported by Los Angeles Business Journal.
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