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Article: New team for The Alhambra.
- Article from:
- San Gabriel Valley Tribune (West Covina, CA)
- Article date:
- July 11, 2006
CopyrightCOPYRIGHT 2006 San Gabriel Valley Tribune. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Rodney Tanaka
Jul. 11--ALHAMBRA -- A new partnership will drive the remaining development in The Alhambra, including 351 condos.
The Ratkovich Co. has formed a partnership with an affiliate of American International Group for the management and development of The Alhambra, a 45-acre, 1-million-square-foot, mixed-use urban community at 1000 S. Fremont Ave. in Alhambra.
The partnership purchased the interest of Connecticut General Life Insurance Co. for more than $200 million. The Ratkovich Co. acquired The Alhambra in 1999.
The Ratkovich Co. bought the property in 1999 with a set of equity partners, then worked with Connecticut ...