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Loan for building Block.


ING Real Estate Finance (USA) LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
 successfully closed a $106.2 million first mortgage construction loan to Block Three Development Partners LLC.

ING Real Estate Finance'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 acted as administrative agent and underwrote the entire loan amount.

The proceeds from the loan will be used to develop Tower 88, the first Phase of Central Place, a luxury mixed-use 22-story tower in downtown San Jose Downtown San Jose is the central business district of San Jose, California, United States. The area is generally located north of Interstate 280 and east of Guadalupe Parkway, which roughly parallels Guadalupe River. , CA, which will contain 197 condominium units, 31,618 s/f of retail, and a 622-space parking structure. The project is being developed with the sponsorship of the San Jose San Jose, city, United States
San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850.
 Redevelopment Agency.

Block Three Development Partners LLC is a joint venture comprising affiliates owned and controlled by CIM (1) (Computer-Integrated Manufacturing) Integrating office/accounting functions with automated factory systems. Point of sale, billing, machine tool scheduling and supply ordering are part of CIM.  Urban Real Estate Fund, LP, Stockbridge Real Estate Fund II, and Wilson Meany Sullivan.

CIM Urban Real Estate Fund, LP is an affiliate of CIM Group, Inc. CIM Group, Inc. Stockbridge Real Estate Funds are a series of real estate private equity investment vehicles which are capitalized by major public and private pension funds and corporate investors.

Wilson Meany Sullivan is a privately-owned real estate investment and development company focused on high quality, infill locations throughout California.
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Title Annotation:FINANCE
Publication:Real Estate Weekly
Date:Feb 14, 2007
Words:191
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