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Avalon Arranges $3.3 Mil in Financing

IRVINE, CA-The locally based financial services firm has arranged financing for the acquisition of a Newport Beach commercial office building. Developed by CT Realty Corp. in 1999, the building continues to serve as the company's headquarters.

By Erin Cassin | Updated on August 14, 2001

IRVINE, CA-Locally based Avalon Financial Group Inc. has arranged $3.3 million in financing for the acquisition of a Newport Beach commercial office building. Avalon has negotiated the financing on behalf of a Los Angeles-based private trust.

The building stands at 20151 S.W. Birch St. It is located near the Corona del Mar Freeway and John Wayne Airport overlooking Newport Beach’s Back Bay. Encompassing 23,000 sf, the project is currently 100% occupied. Developed by Newport Beach-based CT Realty Corp. in 1999, it will continue to serve as the company’s headquarters.

The wood and stucco building was constructed with a steel frame and pyramid-shaped dome roof. It features on-site amenities including a conference room, showers and lockers.

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