The Los Angeles Times from Los Angeles, California • 140

28 Part VIII -Sua, Jan. 8, W79 Cob AajjcUs Cimes BUILDERS si ir- IK! FURNISHED MODEL HOMES FOR SALE I 7 I Mf -i i i 0 i-i 23 HuCT.rm EKK JSS it 4 UNDER CONSTRUCTION Ground has been broken for new Southland corporate headquarters by Oak Industries, now based near Chica go. Parent and pay -TV subsidiary will occupy major part of -foot colonial Spanish building and lease remainder. Pay -TV Firm Will Move to Rancho Bernardo Site A new home with spacious patio at yesterday's prices. Come to The Country Club in close-in Paramount and live well, in comfortable new family-size towne homes.

Enjoy the convenience of living within minutes of down town Los Angeles, beaches and the best of the southland's activities. 2-3 bedrooms, 1 2 baths, ROSECRANS iMutrnm CUM 1 2 enclosed car garages JTT verters for pay and cable television, and communication financing. Oak's Los Angeles pay television service, National Subscription Television, has more than 105,000 subscribers, Carter added. Park Aliso Center Nears Completion The Park Aliso Shopping Center is nearing completion at the San Diego Freeway and Alicia Parkway Mission Viejo. Commercial Properties developer, received $4,755,000 in permanent financing from Aetna Life Casualty.

The transaction was handled by the Los Angeles office of Coldwell Banker Management Corp. Tenants include Albertson's market, Denny's restaurant, Holiday Spa Health Club, a Frazee paint store and a branch of Santa Barbara Savings Loan Assn. nm from only $61,000. Corner of Downey Oak Industries Inc, has begun construction of a corporate headquarters facility in Rancho Bernardo and will move its head offices there from Crystal Lake, 111., near Chicago, on completion of the new quarters by the end of this year. The Rancho Bernardo complex will include a colonial Spanish structure with a central courtyard on a 5.8-acre site.

A meeting and conference room will be available for community functions. Oak Industries, a corporate research center and Oak Communications one of two major subsidiaries, will occupy 40,000 square feet of the building with the remaining space to be leased for professional offices. Approximately 150 persons will be employed by Oak at that location. Architect is Dale Naegle AIA Partners and general contractor is G. R.

Burrows of Escondido. Noting that Oak Communications is heavily involved in the pay television industry, E. A. Carter, board chairman and chief executive officer of the parent firm, said: "The management Oak determined that a relocation of our corporate headquarters to Southern California the broadcasting and entertainment capital of the nation would maximize the growth opportunities we see in this industry." Divisions of the communication subsidiary are involved in over-the-air subscription TV, manufacturing and marketing of decoders and con at Rosecrans in Paramount, near the best of everything. Ml (213)531-4070 ff dk.

At SeaBricfee in Huntington 'WS AIR CONDITIONING CENTER RELOCATES AFTER BLAZE Following a severe fire on Jan. 3, the training center of the Air Conditioning and Refrigeration Joint Journeymen Apprentice Training Committee has been moved from 2205 S. Broadway to the Air Conditioning and Refrigeration Contractors Assn. (ARCA) offices at 2220 S. Hill St.

The move will be for an indefinite period of time, according to Ronald R. Feldmeth, director of training. Jim Burge of ARCA will be located at 2408 S. Broadway. Medical Plaza Sold Westchester Medical Plaza, a 12-story landmark in the Los Angeles International Airport area, has been sold for $5.5 million.

Carlsberg Financial Corp. sold the building at 8540 Se-pulveda Blvd. to an investor partnership consisting of Leo A. Szczotka of Los Angeles and Hajime Takeda of Tokyo. Designed by Samuel Wacht Associates, AIA, the structure was built in 1973 by Carlsberg Construction Co.

and contains about 230,000 square feet of space including parking for more than 300 cars. The ground floor is occupied by Imperial Bank. Motel Sales Reported Higher Than in 1977 Motel sales reported by' the coast-to-coast offices of Motel Brokers Assn. of America (MBAA) totaled $189,492,667 during 1978. The organization said 279 motel and hotel properties were sold during the year.

The sales represented 16,751 rental units. The average price paid per unit was Total sales volume by MBAA's 36 offices was more than $40 million higher during the year than during 1977 but the price paid for each rental unit was only slightly higher since the average price paid per unit in 1977 was $11,263. Townhouse Tract Slated Approval has been granted for a $46-million, 668-unit residential community by Akins Development Co. at Chapman Ave. and Crawford Canyon Road in the city of Orange.

Site preparation is scheduled to begin this spring, with sales of the "popularly priced" townhouses to begin early next year, according to Tom Doucette, president of Akins Development. The project will feature two swimming pools and units with up to three bedrooms and 2lA baths, he said. The townhouses will range in size from about 900 to 1,600 square feet. Akins is doing the development as a joint venture with Genstar Pacific Corp. 60-Unit Apartment Building Purchased for $2.9 Million A 60-unit apartment building in the West Hollywood area at 9005 Cynthia Ave.

has been purchased for $2.9 mil-liun. Cynthia a partnership, bought the property from Cynthia Hammond another partnership that was represented by Bartlett McGreal Co. in Brentwood. C. D.

Cook Investment based in Marina del Rey, represented Cynthia which Cook Investment Co. syndicated after the transaction was complete. Bank Offers Guide to Ventura A 20-page booklet, a two-color community guide to southeast portions of Ventura County, has been published by Security Pacific Bank and is available at no charge from all Security Pacific Banks in Camarillo, Moorpark, Newbury Park, Simi Valley, Thousand Oaks and Westlake Village. It includes a range of home prices. PK Realty Caters to Veterans PK Realty of Cerritos, specializing in residential property for veterans, has signed a franchise agreement with Realty World national franchise firm of Washington, D.C.

Owned by Lyle and Phyllis Burchette, the PK firm is located at 11314 South St. Cerritos. jj 1 1 -iJL -J Our new water-oriented townhomes at SeaBridge are cozy, contemporary, and very young at heart Designed by the award-winning architectural firm. The Landau Partnership, our two-story townhomes at SeaBridge add a fresh dimension to the rich diversity of architectural styles at Huntington Harbour. Four newly decorated model residences Invite you to discover an Intriguing and Innovative world of modern townhome living.

Spacious "greenhouse" window vistas. Upper level, view-oriented kitchen, dining and living rooms. Multi-level floor plans for enhanced privacy and livablllty. Master bedroom suites with separate sitting rooms and cozy verandas. Fireplaces in both living and master bedroom suites.

Private patios. There's another Innovative dimension at SeaBridge that's important for your pocketbook. It's leased land ownership, a concept that permits you to live In the beautiful world of Huntington Harbour with a dramatically reduced down payment. In addition, you have the opportunity to finance the purchase of a SeaBridge townhome at the attractive Interest rate of 9 78 (10 18 Annual Percentage Rate). SeaBridge.

For the young at heart who want to live happily ever after. On water from $144,500. Off water from $99,500. SnBrldn ll dvlopmtnt of Harbour- Pclflc. prrnrhlp comprljed ol NoHhwctrtrn Mutual life Inlurtnct nd Hunllngion Harbour Corporation, a subsidiary of The Cnrlitlana Companies, Inc listed on the New York Srock Exchange.

a JL. 3406 Sparkler Drive, Huntington Beach. CA 92649, (2 13) 592-2334, (714) 846-6777 4241 Warner Avenue, Huntington Beach, CA 92649, (2 1 3) smmsBvm.