California fund moves forward with $2.1B mixed-use project

12/15/2008 | Los Angeles Business Journal (free registration)

Investment fund Stockbridge Real Estate Funds will proceed with plans to demolish a race track and build a a three-phase, $2.1 billion mixed-use redevelopment in Inglewood, Calif. Executives hope the economy will have recovered by the time the development is completed. Stockbridge has enough capital to begin construction in August and is confident that it can acquire more funding at a later date, executives say.

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