The Los Angeles Times from Los Angeles, California on March 25, 1973 · 151
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The Los Angeles Times from Los Angeles, California · 151

Los Angeles, California
Issue Date:
Sunday, March 25, 1973
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r 1 t r ? inn? c ikoWV' wv f ........ " Vegas' Stardust Hotel Will Enlarge Facilities plan to add 300 rooms. yLtti&nstU&Wmtt " INDUSTRIAL SITE Artist's rendering shows how Newport Circle Industrial Park in Santa Ana Five-Building Facility Rising in Santa Ana I The Newport Circle Industrial Park, a $3 million, 16-acre project at Ritchey ;St. and Newport Circle in Santa Ana, is under development by a partnership ' headed by John Adams and , S. Niles Gates, .v-. JTive of eight projected buildings are under con-Istruction. Two of them, of 35,330 square feet each, are scheduled for completion ;this month and three oth-:-ers will be finished in mid-!-April. One is a 19,07.7-square-foqt unit and the Mother two, of 28,576 square ;3 eet each, are divided into t INDUSTRIAL ?i PARKS modules as small as 650, square feet The final three !,t buildings will be completed to suit tenants' needs. Gates said the location . "benefits from a fortuitous -dividing line for freight .I; rate zones. For example, it "would cost someone at ;j Newport Circle $18.89 to ship 750 pounds of rubber i-tires to downtown Los Angeles while another company a few hundred yards to the east would jhave to pay $38.14 for a similar shipment . i ' $ Two joint venture ;Tprojects totaling $3.6 mil-vlion are nearing completion in the Irvine Industrial "Complex, according to iDwyer-Curlett & Co, which arranged the financing. One was between the LOAN BY PHONE Alex Robertson Co. and Continental Illinois Bank for five structures totaling 250,000 square feet of space on Redhill Ave. Three have been completed and construction has begun on the other two. The other joint venture was between the Alex Robertson Co. and Califor-nia-Western States Life Insurance Co. for a $l.l-mil-lion facility on Business Center Drive in the Irvine Industrial Complex. The two -story, 42,500 -square-foot building was designed by Lott-Collins-DeRevere and Associates of Newport Beach. Interim financing is by First Western Bank and occupancy is scheduled for April V' ' Construction is under way on an 8,200-square-f oot plant-warehouse facility on a 3.7-acre site in Ful-lerton Air Industrial Park, according to Dwyer-Curlett & Co., manager of the FAIP property. It was designed by architect Ken Himes, the general contractor is Keller and Grant and leasing is by Penta Pacific Properties. The facility will be valued at $200,000. Dwyer-Curlett also reported that Sacket & Peters, a building supply company, has leased a 40,-'000-square-f oot facility in FAIP, also through Penta Pacific. The five-year lease involves $225,000. FAIP is a joint venture of Glass Containers Corp. and Life and Casualty In-, surance Co. of Tennessee, I California Federal i Has New Service $ Immediate property im-;provement loan committments by telephone is a t-'new service introduced by California Federal Savings and Loan Assn. Available for pools, Thome improvements and mobile home purchase, the loans may be arranged in-j tone brief phone call In ;?which the applicant pro--tides background infor-' Ijnation. Immediately following the phone call, the savings association mails confirming forms for the applicant's completion and return. "But for all practical purposes the loan is approved at close of the first t e 1 ephone conversation, subject only to verification of Information given by applicant and his credit worthiness,11 said Norman D. Kull, senior vice president, loan division. LOANS ARRANGED FOR RESORT CONDOMINIUM Exchniv ts Th Timet from Staff Writ : MAMMOTH LAKES Western Mortgage Corp. of -jLos Angeles has arranged Itwo permanent financing : loans totalling $2.9 million ;for condominium projects ;nere. made to Dempsey Construction Corp. for their 44-unit Horizons 4 condominiums, which is the second phase of a 92-unit devel opment. The vacation homes, offering one, two The first loan of $2 mil-, and threa bedrooms and jlion was made to Alpine featuring rough sawn .Development Co. for their ;80-unit condominium project Offering one, two and three bedrooms, prices Grange from $17,900 to $35,- :soo. . A recreation center is provided. Completion is Icxpected in July 1973. ;: A loan of $900,000 was r ' , :BeachwaIk Sales : Near $4 Million Sales are now approach-lng the $4-million figure at H'Beachwalk, A. J. Hall Corp.'s $20-million town-t house community at 19751 $, Deep Harbor Drive, Hun-jtjngton Beach, where homes sell from $38,950 to $52,000. panelled walls, beamed ceil- mgs and rock faced fireplaces, are priced from $22,900 to $31,900. , Completion is scheduled for July 197a Board Endorses Water Bonds The board of directors of the Beverly Hills Realty Board has unanimously endorsed the city water bond proposition, according to Marvin S. Friedman,, president . The proposition, to replace existing water pipes and modernize equipment, will be on the April 17 ballot, will look on completion. Five of the eight projected buildings ore now in construction stoges. Architect Retained by Sofa Bed Firm Riviera Sofa has retained LeRoy Rose, Anaheim architect, to design and su- pervise construction of a, new $186,000 retail outlet at 2300 N. Tustin Ave., Orange. Groundbreaking is scheduled for late this month. The Stardust Hotel in Las Vegas , has revealed plans for an expansion pro-gram, expected to get under way later this year, which will add 459 rooms to the 1,500-room hostelry. Most prominent feature will be a new, 17-story building whose top floor will feature 11 penthouse suites: The high rise will open directly into the gaming casino expansion, designed to add 35,000 square feet to that facility Additional dining facilities will be provided by enlargement of the hotel's Palm Room restaurant to a capacity of 600 and also enlargements of the Moby Dick and Aku Aku restaurants. The hotel's Cafe Continental, scene of the presentation of Lido de Paris, will be expanded to a capacity for 1,100 guests. A new parking structure at the north -end of the gaming casino will hold 600 cars. Also planned is a new hotel entrance, with a registration desk 115 feet long, while a 250-space expansion of Camperland is underway,. A Simultaneously with the . Stardust announcement, the Fremont, another Re-crion hotel in downtown Las Vegas, revealed that it Costs were not disclosed for either project. Grand Hotel Topped Out in Las Vegas The MGM Grand Hotel, expected to be the world's largest luxury resort hotel when it opens next fall, has been topped out in Las Vegas. Construction of the 25-story, 2084 -room hotel and casino . complex is Sun.,Mar.25,1973-PirtX proceeding as scheduled on 43 acres on the Strip, according to James T. Aubrey Jr., MGM president and chief executive offi cer. APARTMENT LOANS 7 30 Yaart KURD & CO.-UNDER REP. 2132731473 Real Estate Financing A m m mm mm. mm . uong lormi itj-zu-zu yoaroi Interim &Take .Out Packages TlSf Refinance ! I ' Commercial-lndustrial-Apartments FHAVA Projects O.K. , Call (21 3) 754-2961 : ShKn0M,.0S,.?ar,.,d 'k'' or ; Imparia! Bank m.. 11232 So. Western Ave. at Imperial Hwy. Los Angeles, California 90047 In Orange County call Dick Shay (714) 835-0151 In West Los Angeles call Jim Favorite (213) 478-9731 WSiKKSmm, . if.v . v-. r i -lit 1 1 t ' 1 , ' - P3 P. K SI i iivi .-'it Mountain Shadows is the place to live in Palm Springs. People want to be near where things are happening. Close enough to be convenient, but cushioned from the noise and confusion of an in-city location. That's why Mountain Shadows has become the place to live in Palm Springs. A unique, new townhouse community with all the elegance you could ever want. . . and located in the middle of the Palm Springs Golf Course ' ...out of sight, but never out of mincL Hidden off the main road for privacy and security, Mountain Shadows yf is neatly tucked away Just ten minutes from downtown shopping f and restaurants. Best of all, you can move in right now ( and enjoy the entire season, n, , Qmount&in shadows (M - 7? 2, 3 iSi 4 Bedroom Townhouses from IMMEDIATE OCCUPANCY. $29,900 TAkc Palm Canyon Drive (Highway 1111 10 minutes east to Golf Club Drive. Then left to the model site, directly across from the clubhouse at 2000 Golf Club Drive. ' Call 1714 328-1516 for details. V M0 hUtti ChiMana Cacnpani.lric.ltaMd on tht hmrion Stock tudisng. fw EQUAt HOUSING OrPORTUNITCS ; 1 PALM pJ SPRING3 I GOLF r- fclCLUB DR. (HWY111) t

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