(For more retail coverage, click GlobeSt.com/RETAIL.)
LA HABRA, CA-Hopkins Real Estate Group of Costa Mesa has linedup a $35.8 million loan through Wrightwood Capital to provideconstruction financing for the Newport Beach-based developer's220,000-sf Imperial Promenade. The project is under way on a17-acre parcel at Imperial Highway and Idaho Street that formerlywas the site of a Kmart.
The development is a joint venture between Hopkins andIrvine-based Arnel Capital Partners that will include retail shops,services and restaurants. It is expected to be completed in Juneand has signed a tenant roster including Target, Circuit City and anumber of restaurants.
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