(Save the date: RealShare Apartments comes to theWestin Bonaventure, Los Angeles, October24.)
VENICE, CA-Aimco has closedfinancing to fund redevelopmentfor Lincoln Place, a 35-acre property here. Theredevelopment is being funded by a $190.7-million FHA-insured loanfrom lender and servicer Red Mortgage Capital LLCand represents the largest FHA Section 221(d)(4) unsubsidized loanever insured by the US Department of Housing and UrbanDevelopment.
Lincoln Place was constructed between 1949 and 1951, is listedon the National Register of Historic Places andthe California Register of Historic Places and isa local historic-cultural monument. The redevelopment is designedto revive the charm of the community’s existing buildings and topreserve its expansive open green spaces including nearly 400trees. Newly constructed buildings will maintain the character andappeal of this distinctive property.
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Carrie Rossenfeld
Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.
