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StoneCreek Partners / Project Feasibility Consultants (Page 6)

South Bay Galleria

19.08.1981 Malls and Shopping Center Consultants, Project Feasibility Consultants

Forest City Rental Properties  |   Project feasibility consultants retained to prepared a market study with lease-up plan and financial projections was prepared, to evaluate the feasibility of renovation and expansion of this regional shopping center situated in the South Bay (Redondo Beach) area of Los Angeles County.  The mall reopened to the public in 1985 as the Galleria at South Bay, late changing to its current name.

 

Work included estimates of consumer shopping demand for stores at the center, and a competitive evaluation of planned and proposed supply of new retail space in the region.

 

Redevelopment Project Consultants - project feasibility consultants

Mortgage Revenue Bond Financing – Premiere Towers Los Angeles

01.08.1980 Project Feasibility Consultants, Redevelopment Project Consultants

Community Redevelopment Agency of the City of Los Angeles  |  Market and financial feasibility study for condominium conversion, in support of SB-99 mortgage revenue bond issuance.   Property located in the historic Spring Street corridor.

 

California law in the 1980’s authorized both state and local governmental entities to issue tax-exempt mortgage revenue bonds (“MRB’s”).   The proceeds from the sale of these bonds are used to provide financing for the development of housing at interest rates that are below prevailing market rates.   State law generally restricted availability of this subsidized financing to low- and moderate-income households.

 

 

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