In Brief: One Beverly Hills has secured the largest mixed-use construction loan in U.S. history, marking a significant milestone in the hospitality industry’s evolving landscape.
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Image Credit Foster + Partners
Newmark acted as a strategic advisor to Cain and Eldridge Industries on the financing of One Beverly Hills, a mixed-use development in Beverly Hills, California, securing the largest non–data-center construction loan for a mixed-use project in the United States.
One Beverly Hills spans 17.5 acres and will feature Aman’s first urban residences, hotel, and members’ club on the West Coast, along with retail, wellness, and leisure facilities within 10 acres of gardens and open space. The development will connect the Beverly Hilton and Waldorf Astoria Beverly Hills hotels and will include 1,800 underground parking spaces.
The project, which is currently under construction, has attracted commitments from hospitality and retail brands, including Dolce&Gabbana, Casa Tua Cucina, and Los Mochis. Casa Tua Cucina will open its first West Coast location at the development, and Los Mochis will operate a 12,000-square-foot indoor-outdoor restaurant featuring a fusion omakase concept.
Newmark served as strategic advisor to Cain, in partnership with Eldridge Industries, on the capital markets strategy and execution for One Beverly Hills, a mixed-use development in Beverly Hills, California. The assignment resulted in the largest non–data center construction loan ever secured for a mixed-use project in the United States, according to Real Capital Analytics and Newmark Research.
The Newmark Capital Markets Strategies team, led by Anthony Orso, provided advisory services for the project, with support from Vice Chairman Bill Weber, Executive Managing Director Ari Schwartzbard, Managing Director Cliff Welden, Vice Chairman Henry Stimler, and Managing Director Ricky Warner.
