Bolour Associates Inc. Provides $20 Million in Debt Financing for Redevelopment of Three Southern California Retail Projects with Grubb Properties

Bolour Associates Inc. Provides $20 Million in Debt Financing for Redevelopment of Three Southern California Retail Projects

Beverly Hills-based real estate finance and investment company, Bolour Associates Inc., has announced a major investment in the redevelopment of three Southern California retail projects in partnership with Grubb Properties. The collaboration will bring a total of 375 new apartment units to the region, addressing the growing demand for housing in the area.

The three projects included in the deal are 700 Santa Monica Boulevard, 1200 Vine Street, and 5240 Lankershim Boulevard. These properties will be transformed into modern apartment complexes, providing much-needed housing options in popular neighborhoods such as Santa Monica, Hollywood, and North Hollywood.

Mark Bolour, CEO of BOLOUR, expressed confidence in the partnership with Grubb Properties, citing the expertise of both teams in evaluating and executing the redevelopment plans. The debt financing provided by BOLOUR will support Grubb Properties’ vision of creating high-quality, affordable housing options in the Los Angeles market.

BOLOUR is known for its focus on value-add assets in emerging neighborhoods, and the company’s innovative approach to real estate investment has made it a key player in the industry. With a presence in 17 states and the District of Columbia, BOLOUR continues to drive growth and development in markets across the country.

The redevelopment of these three retail projects marks a significant step towards addressing the housing shortage in Southern California, and the partnership between BOLOUR and Grubb Properties is set to deliver positive results for the local community. Stay tuned for updates on this exciting development as construction gets underway.