Madison Realty Capital Expands to West Coast With New Los Angeles Office
CRE finance veteran Bradley Ross is named the first regional L.A. representative
New York City-based Madison Realty Capital has opened its first Los Angeles office, marking the real estate investment firm’s first West Coast location, Commercial Observer has learned.
The private lender’s office is at Westwood Gateway at 11111 Santa Monica Boulevard in the Sawtelle District of L.A., with the firm occupying space on the fourth floor of the 20-plus story office building. MRC declined to provide any details about the lease.
According to the website of the property owner, Irvine Company, available spaces at the building range from $4.60 to $5.05 per square foot. Amenities include a state-of-the art fitness center, Market Café with farm-to-table options and the Commons, an open-air gathering space for socializing, meeting and collaborating.
Other tenants in the building include Hackman Capital Partners, Gannett National Newspaper and the L.A. office of California State Sen. Dianne Feinstein.
“Opening our West Coast office markets the next phase of Madison Realty Capital’s long-term national expansion strategy,” Josh Zegen, a co-founder and the managing principal of MRC, said in an official release. “We saw a void in the market for special situation financing on the West Coast, and the need to deliver the customized financing solutions our firm has been known for since inception. We’re pleased to announce the opening of our first Los Angeles office and look forward to bringing our unique real estate investment platform to new markets throughout the West Coast.”
The new office is headed by commercial real estate finance veteran Bradley Ross, who joined MRC in April. He will work with MRC principals to identify and secure loan origination opportunities throughout Southern California and Western U.S. markets. Most recently, Ross served as a senior originator at Calmwater Capital, a real estate debt fund.
MRC is a New York-based real estate investment firm that pursues real estate equity and debt investments in the middle market. Founded in 2004, MRC has invested approximately $8 billion in multifamily, retail, office, industrial and hotel transactions.