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Article: Ratkovich forms new partnership for Alhambra complex.(REAL STATE)(Ratkovich Co.)
- Article from:
- Los Angeles Business Journal
- Article date:
- July 10, 2006
- Author:
CopyrightCOPYRIGHT 2006 CBJ, L.P. 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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DEVELOPER Wayne Ratkovich has found a new partner for his San Gabriel Valley mixed-use office campus, The Alhambra, in a transaction valued at $200 million.
The Ratkovich Co., which specializes in urban infill projects, formed a partnership with a real estate investment affiliate of American International Group Inc. to continue the management and development of the campus. The 40-acre, 1 million square foot complex had been in the market since late last year.
The partnership purchased the interest of Ratkovich's former partner, Connecticut General Life Insurance Co., which had been looking to cash out its investment. The deal included a $130 million loan ...