Pendulum Property Partners and Affinius Capital have received a funding boost for an industrial and office campus in the San Fernando Valley. The owners secured $113 million in financing from Rialto Capital Management for The Mix, a 470,000-square-foot complex spread across three buildings at 8520-8440 and 8500 Balboa Boulevard in Northridge, L.A. Business First reported. Newmark arranged the financing through its debt and structured finance team led by Jonathan Firestone alongside Blake Thompson, Peter Mavredakis and Jack Condon. The Mix was previously owned by Shubin Nadal Realty Investors and DRA Advisors, which sold the campus in 2023 for $171 million. […]
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