LOS ANGELES-Icon Co. and Chicago-based Campus Acquisitions LLC, a student housing specialist, have started construction of a $33-million student housing project consisting of 56 units on Figueroa Street located across from USC. The apartment project is expected to be opened in fall 2012.
The project will include 12,000 square feet of retail space, recreation area, a cascading waterfall, two rooftop decks and a pool. Wrightwood Capital LLC offered mezzanine financing and Chicago-based Private Bankcorp Inc. offered construction loan for the development.For the full story, go to Los Angeles Business Journal.
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