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WALNUT PARK, CA-Primestor Development Inc. of Beverly Hills has refinanced its 248,000-square-foot La Alameda Shopping Center at 7507 Roseberry Ave. with a $42 million insurance company loan arranged by Pacific Southwest Realty Services of Los Angeles. VP Kostas Kavayiotidis of Pacific Southwest tells GlobeSt.com that the new financing is a 10-year fixed-rate 5.5% loan through Pacific Southwest correspondent life insurance company lender John Hancock on a 30-year amortization schedule.

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