Mountain Real Estate Capital Expands its SoCal Developer/Builder Joint Venture Program

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By The Hoyt Organization -

Torrance, CA – March 20, 2012 – (RealEstateRama) — The joint venture between Mountain Real Estate Capital (MREC) and Harridge Development has recently acquired a bank-owned residential infill site located at 5120 Melrose Avenue, situated five miles northwest of downtown Los Angeles adjacent to Paramount Studios. The partners are in the process of re-entitling the site from multifamily to single family lots which they plan to sell to homebuilders. The terms of the acquisition were not disclosed.

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