LADERA CENTER IN LOS ANGELES CALIFORNIA

Located at the corner of La Cienega and La Tierra in the Balwin Hills neighborhood, Ladera Center was a 180,000 square foot neighborhood center in need of a major renovation and expansion. Acquired in 1984 in association with New England Mutual Life Insurance Company, the project was completely renovated and expanded to include Ralphs Grocery Company and Sav-on Drugs. It was sold in 1988 to a fund managed by an affiliate of the First National Bank of Chicago.