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ALHAMBRA, CA-An affiliate of American International Group hasacquired the interest of Connecticut General Life Insurance Co. inthe Ratkovich Co.'s one-million-sf Alhambra mixed-use project in a$200-million transaction. Wayne Ratkovich, president of thecompany, says that the new partnership will provide resources tocontinue the management and development of the 45-acre Alhambraproject at 1000 S. Fremont Ave.

The financing for the partnership included a $130-million loanwith Goldman Sachs and the placement of a new $6.15-million loan onthe Shops at the Alhambra, a 17,693-sf neighborhood shopping centerbuilt by the Ratkovich Co. in 2004 across Fremont Avenue from themain Alhambra campus. The deal was put together by Bill Boyd, SVPwith Grubb & Ellis in Downtown Los Angeles, and Scott McMullin,executive managing director of Holliday, Fenoglio, Fowler.