Regions West
City Signs Off $33M Conversion of Shopping Center
July 18, 2008

C.W. Clark Inc. recently got the green light from the San Diego City Council to move forward with its redevelopment of the Bay View Plaza, a San Diego shopping center originally constructed in the 1950s. Occupying nearly five acres on Clairemont Drive, the retail property sits across from the 102-room best Western Mission Bay Hotel, overlooking Mission Bay Park. C.W. Clark plans to transform Bay View Plaza into a 6 6,000-square-foot mixed-use destination with retail and office offerings. With the city council's approval in hand, the developer can demolish the 33,000 square feet of existing structures on the site in anticipation of kicking off construction this fall. If all goes as expected, the project will reach completion by the end of next year.

 
Recent West Headlines
Permanent Financing Totaling $21M Closes for Newport Beach
Aug. 29, 2008
While many of the details are being kept mum, permanent financing to the tune of approximately $21 million has been put in place for the 25-acre Hyatt Regency Hotel property in Newport Beach, Calif.
university gateway Clark Forges Ahead with $134M Contract for Student Housing Project in L.A.
Aug. 29, 2008
Clark Construction Group-California has commenced work on University Gateway, a 421-unit mixed-use student housing development in Los Angeles, just across from the University of Southern California.
lalive1 L.A. Live Conference Center Topped Out
Aug. 29, 2008
Schuff Steel Co. has topped out the new conference center that is part of the L.A. Live development in Los Angeles. The 27-acre development began with the construction of the Staples Center where the Lakers play, in 2002.
SoCal Lender Kicks Off Another $100M Mortgage Pool Fund
Aug. 28, 2008
Los Angeles-based Wilshire Finance Partners has introduced Wilshire Income Fund II, its second real estate mortgage pool fund. The fund will raise $100 million to make commercial property loans. This time around, however, the company will be able to welcome investors and borrowers from beyond the borders of the State of California.
Maguire Wraps Up $211M Orange County Office Sale
Aug. 28, 2008
Los Angeles-based Maguire Properties Inc. has closed the disposition of Main Plaza, selling the 607,000-square-foot trophy office complex in Irvine, Calif., to Shorenstein Properties L.L.C for $211 million including the assumption of $161 million of project level financing.