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September 23, 2020
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Maxxam Enterprises Announces $56 Million Refinancing of Key Downtown Los Angeles Portfolio

By Coby King

Maxxam Enterprises, one of the leading developers of projects in downtown Los Angeles, announced today that it has completed a staggered refinancing for several of its premier downtown Los Angeles real estate holdings totaling approximately $56 Million. Among the properties which Maxxam refinanced were New Alley Plaza, Towne Center, Crocker Fashion Plaza, and 12th Street Fashion Plaza, all located in the heart of the Los Angeles Fashion District.

The properties, which are among the numerous assets developed by Maxxam throughout downtown L.A., are a mix of ground-up construction as well as major renovations to existing buildings.

“Refinancing these anchor properties demonstrates both our long-term commitment to the vibrant Fashion District in Los Angeles, as well as the banking community's confidence in Maxxam,” said Mehdi Soroudi, a principal partner of Maxxam Enterprises. “We look forward to continuing to participate in further development of this growing area of downtown L.A.”

In recent years, the Fashion District in downtown Los Angeles has undergone a major transformation from a dreary and dated industrial warehouse district into a lively and active center for commerce. Maxxam continues to actively seek additional opportunities for investment and development in the area.

About Maxxam Enterprises

Maxxam Enterprises acquires, develops and manages a wide range of properties throughout the nation. With over 30 years of experience, the principals of Maxxam have built an impressive track record and a rich portfolio that includes shopping centers, office, storefront retail, industrial, hotels, and multi-family residential. Rare market insight allows the company to identify undervalued properties and maximize profit potential through capital improvements, active management and/or disposition. For more information, visit


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