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September 29, 2017  

Big Loan Sought on Calif. Portfolio

A real estate shop is seeking a $250 million fixed-rate loan to refinance a California portfolio.The 29 industrial, office and retail properties represent the bulk of the holdings of Abbey Co. of Garden Grove, Calif. The company prefers a 10-year term. Its broker, CBRE, is pitching the assignment to banks, commercial MBS lenders and insurance companies.The portfolio is 88% occupied. About 42% of the space is in the Inland Empire, east of Los...

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