The Los Angeles Times from Los Angeles, California • 130

Co Anflelf Simes 10 Part VII Sumla.June24. IU IDEALISTI Holiday Fireworks Signals Completion fn The first waierfronl house in Lake Arrowhead's Rainbow Point gate-guarded development is scheduled to open July 4. just in time to lake advantage of the fireworks display. Rainbow Point occupies the westernmost part of the lake's shoreline and represents the first residential phase in the development of a 50.2-acre parcel purchased in 1978 by Moreland Development. Sixteen of the 28 home sites remain to be sold, at prices from $120,000 to $450,000.

Valued at more than $1 million, the three-level house will have 5.200 square feet of living space on about a quarter acre of land. The design, with decking and extensive use of glass, affords clear views of the lake from virtually anywhere in the house, according to Dick Farrell of Sky Ridge Development general contractor of the house. 500-Room Hotel to Open in Las Vegas Alexis Park Resort Hotel, a development of Los Angeles-based Robert Schulman in conjunction with American Diversified Capital is scheduled to open in Las Vegas next Sunday. The 19-acre non-gaming resort will feature 500 guest rooms in its 400.000 square feet of space in several buildings no taller than two stories. Other features will include tennis courts, an aerobics fitness center, spas, massage facilities, a jogging track, swimming pools and a nine-hole putting green.

There will be 66 one-bedroom suites with floor plans as large as 1,050 square feet, and 12 two-story, two-bedroom plans ranging up to 1,275 square feet. "Kach suite can comfortably accommodate meeting space for up to 20 people," Schulman said. Offices with secretarial support, two-way teleconferencing, telex, copying facilities and computer terminals are also They said you set your goals too high. That your dreams were unrealistic. But their reality was not yours.

And en 't it of dreams that reality ts born. Well, you 've been working hard towards your dreams and it paying off. The recent promotion. The BMW. The le Pare home.

You didn 't think it could all happen so fast but your wise decisions have made it so. MB specially your decision to buy at the "very affordable' Pate where you can continue your upward mobility. and with style. Like contempo rary architecture bathed in pastel cola schemes. "Aquascape landscap ing in a resort setting.

Dramatic lofts and secluded rooftop terraces. Woodburning fireplaces, "greenhouse" skylights and garages with elec trie door openers. Solar heated pools and spas. It's an part of the special Le Pare style of living. And it's here now, await ing those who know about dreams and how to turn them into reality.

CHINO HILLS Grand Opining Phasa Ona. EL T0R0 Mow Sailing Final Phasa. Tolnhonls CpndoJiniums by available for guests. Room rates range from $70 to $275 a night. The hotel is using the condominium ownership concept as a financing tool.

The developers arranged the financing through a group of investors. The parcel was purchased from the Howard Hughes Trust in November, 1983, for $3.6 million, according to Schulman, who added, "We were fortunate to be able to put the project's $40-million financing package together very quickly through American Diversified Capital Corp." Complex Nearly Built Construction is nearing completion on the second and final phase of the West Bernardo Plaza office complex in Rancho Bernardo. Designed by Buss, Silver, Hughes Associates, the three-building project is being built by Phase One Construction Inc. as a business facility for corporate headquarters, regional offices and high-technology companies. Grubb Ellis Commercial Brokerage Group is handling leasing.

171418594469 17 5913966 Below market rate 30 year financing. I We nit you IN-HOUSE SALES Noted builder looking for aggressive self starters for In-House Sales. Only experienced Tract Sales People with proven record and team spirit need to apply. Draw Benefits San Gabriel Valley area. LA.

Times Box F-202 Los Angeles, CA. 90053 Marlborough Buys Dana Point Land Marlborough Development Corp. has purchased 252 town house lots and 14 single-family lots in Dana Point from American Savings Loan. Marlborough will develop single-family houses and town houses at the sites. The firm was a joint venture partner with American Savings on the two properties.

out of town by sumse(to AO -A Ml. .11 Spsctactdar Homes, Spectacular Views, Spoilar Crovmpointe! Discover tic cr country address that makes coming hom a a Ranch hilltop with glorious views of mountains xsd vtHtyt, rporUlng niht lights and horizons that last forever! with skylights ami vaulted ceilings, dramatic fireplaces, curving staircases, air conditioning, 3-car garages and more! Discover the advantage of special pre-grand opening prices and early selection of spectacular viewsite now at Crownpointe! Pre-Grand Opening Prices from 169,950 10.95 (11.6 Annual Percentage Rate) Long-Term Fixed-Rate Loans On July 7th, 1984, Catalina Terrace -the most lavish condominium project in Monterey Hills will have its official grand opening. On that date you will be allowed to take your choice on any of 81 new condominium "first come, first serve" But-with 11 Annual Percentage Rate)? 30-year fixed, fully-assumable financing you won't have much time to pick and certainly, at least, not on July 7th. And even if you were to sneak a peek before July 7th, deciding which condominium home to take isn't going to be all that easy. Because, you're going to want them all.

i I ltmmtrwr no I tT" 11 mil. Tl'll I I i After all, Catalina Terrace is in Monterey the quaint country community just 7 minutes north of downtown Los Angeles. And Monterey Hills is the Official Site of 1984 Summer Sunsets. So unofficially of course if you should just accidentally happen to come by before July 7th, remember you didn get this idea from us. CatalinaTerrace where we want you out of town before sunset.

X. R.V" Drivr Dim tionft. 1 I riim Ihr I'ailrn4 I pil Vi. turn rt and htllim Mln tn Ihr rnmlrl. 1 WV VrHT 1 1 7 SANtA ANA tWY HI Will Annthrr rirvrlnpmrnt hv CI -( (MM MONTEREY HILLS Official Site of 1984 Summer Sunsets.

4210 Via Arbolnda. l.os AnRrlrs. CA 9O0M2 Exclusive Sales Agent: Shyc Really: (213) 255-0139 CROWNPOINTE )S V.i i V. it Tvpii al inanrllin Salr I'rii'r JKJ.OtM). 10 ileiwn MVtni'nl "I W.JIMI.I irl IruM IWil cil 7 I KIK)miiI Open Daily, l(S'm to in IciOi-cimI imullmi-nlMil II VV.

inlrrrvl (IJ Jr)'. Annu.il lfrirnlai' Kalrlini liumm print ip.il. intfTrsl, pntfMTtv t.ixcv priv.ili' mnrlii.itic insuram Homiim nrrs Assin ution I date of '29 La SJr Drrve nXOSf RanK (714) 96.