Downtown L.A.'s Grand Avenue Project Saved By Dubai Royal Family Investment

Posted Feb 24, 2008 @ 1:45 am, Viewed by 635 Visitors, Read 657 Times.

Downtown LA's most expensive residential mixed use development, The Grand Avenue Project, appeared to be  indefinitely delayed as  its developer, Related Cos., was unable to secure  financing in this difficult credit environment. Enter  one of Dubai's royal families - the fund known as Istithmar has agreed to invest  $75 million into the project. As a result, the project may now proceed with acquiring the construction financing it needs to get started.

Quinn Kiet

The L.A. Condo Store

Your Downtown LA Sales Specialists

 www.condostorela.com

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TrojanDLA

TrojanDLA My name is Quinn Kiet, and I'm the broker of the L.A. Condo Store – your Downtown Los Angeles Realtor. With the L.A. Condo Store, you're receiving the sophisticated services of a boutique brokerage dedicated to bringing the best of what Downtown L.A. Read More

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