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Cash secured for land.


Meridian Capital Group recently secured $7,926,000 for the purchase of vacant land at Winchester and Thompson Roads.

Shana Klisanin of Meridian's Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850.  office negotiated a one-year term over the 30 day LIBOR LIBOR

See: London Interbank Offered Rate


LIBOR

See London interbank offered rate (LIBOR).
 with a large money center bank.

The 18.6 acres of land were purchased by a Nevada based developer, who will begin construction in the second quarter of 2007.

Winchester Commons will be a 200,000 s/f retail center co-anchored by Gold's Gym Gold's Gym International, Inc. is an international chain of co-ed fitness centers (commonly referred to as "gyms") originally started in California by Joe Gold. Each gym features a wide array of exercise equipment and personal trainers to assist clients.  International. The main street concept includes inline retail with outlying out·ly·ing  
adj.
Relatively distant or remote from a center or middle: outlying regions.


outlying
Adjective

far away from the main area

Adj. 1.
 restaurant pads.
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Title Annotation:FINANCE
Publication:Real Estate Weekly
Date:Jun 7, 2006
Words:91
Previous Article:Wells REIT II declares distribution.(FINANCE)
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