Tabani Group Secures Major Funding for Retail Repositioning
Tabani Group recently achieved a significant milestone by securing a $53 million loan for the development of Bristol Marketplace, a key retail center located in Santa Ana, California. This project not only represents a substantial financial commitment but also highlights the ongoing evolution of commercial real estate in Orange County. The financing is provided by Frost Bank, and part of the funds will be used to retire a previous loan of $11.9 million obtained last year to facilitate the acquisition of the property.
The Landscape of Retail Financing in Orange County
In the current economic environment, this investment aligns with positive trends emerging in the retail sector across Orange County. According to reports from the Mortgage Bankers Association, commercial and multifamily mortgage originations saw a remarkable 36% increase year-over-year and an 18% rise compared to the previous quarter. More impressively, retail property originations surged by 141% since the second quarter of 2025, indicating an optimistic recovery in retail investing.
Repositioning a Retail Legacy Property
Bristol Marketplace, which spans 107,687 square feet, is strategically located just 32 miles southeast of downtown Los Angeles. The center has a history dating back to 1958 when it was originally developed as Honer Plaza. Currently, it houses multiple tenants, including Goodwill, Domino's Pizza, and The UPS Store, with ongoing efforts to redevelop a vacant space that previously occupied a Kohl's store. This revitalization effort underscores the importance of adapting to changing consumer habits and enhancing property value.
Positive Indicators in Retail Vacancy Rates
The retail landscape continues to demonstrate resilience with improvements in net absorption rates. In the third quarter of 2025, the net absorption improved by approximately 132% compared to the previous quarter, suggesting growing demand for retail space. The vacancy rate in Orange County remains stable at 4.4%, which is notably lower than the national average. These developments reflect a strengthening retail market that could bode well for investors and local economies alike.
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