Genesis Deal.The Genesis L.A. Real Estate Fund, managed by Shamrock Holdings, has closed its first deal. L.A.-based Accord Interests LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control obtained $3 million in equity capital through the fund, said Andrew Levant Levant (ləvănt`) [Ital.,=east], collective name for the countries of the eastern shore of the Mediterranean from Egypt to, and including, Turkey. of George Smith Partners, who arranged the financing. Accord is using the money, along with some debt financing Debt Financing When a firm raises money for working capital or capital expenditures by selling bonds, bills, or notes to individual and/or institutional investors. In return for lending the money, the individuals or institutions become creditors and receive a promise to repay , to purchase the former ABC Studios property on Vine Street in Hollywood from AIDS Project Los Angeles AIDS Project Los Angeles (APLA) is a 501(c)3 nonprofit organization dedicated to improving the lives of people affected by HIV disease, reducing the incidence of HIV infection, and advocating for fair and effective HIV-related public policy. , which now occupies the site. Accord plans to redevelop the property into a 300,000-square-foot creative office campus. The Genesis fund is part of a public-private partnership that targets developments in low-and moderate-income neighborhoods. |
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