Regions West
$18M Loan Paves Way for Beverly Hills Office & Retail Building
May 7, 2008

A plan to convert a former gas station site in Beverly Hills into the home of a 30,000-square-foot spec office and retail structure gets a boost with Newmark Realty Capital Inc.'s orchestration of an $18.1 million loan for the project. Real estate private equity fund Big Rock Partners L.L.C. has a 100-year ground lease to develop the entitled one-third-acre parcel located 9378 Wilshire Blvd. Provided by a regional bank, the loan is for a 24-month term with optional extensions.

 
Recent West Headlines
$7B Loan for Las Vegas Sands?
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Las Vegas Sands Corp. is considering taking out a $7 billion loan to expand and refinance debt for its endeavors in Macau, according to a Bloomberg article.
Pharmaceutical Firm Leases 40,000SF at 600-Acre Business Park
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Fortes Financial Inc. has completed the  assumption of five regional wholesale offices formerly belonging to  National City Mortgage Corp.
San Diego Office Complex Trades in $56M Deal
July 01, 2008
Ownership of Genesee Executive Plaza in San Diego has just changed hands, courtesy of a transaction valued at $56 million.