In The News of Commercial Building & Loans

Business continues to grow and develop in the California area. Some of the highlights in the news this week for commercial property issues and business growth comes from these recent reports:

Tesla Batteries to Power Office Buildings in California – A big real estate developer and a well-connected tech startup have a plan to install batteries from electric car company Tesla at office buildings in a Los Angeles suburb.
To read more about this news see: http://fortune.com/2015/10/12/tesla-batteries-office-buildings/ published Oct 12, 2015.


What’s next for San Jose ballpark site? It’s Complicated but will have a Big Impact on Downtown – San Jose spent $25 million assembling land for a future ballpark meant to lure the Oakland A’s to the South Bay. So if the city’s big league ambitions are dead, what’s next for its field of dreams? That’s the question being asked by real estate watchers today after the U.S. Supreme Court dealt a big, if largely expected, blow to San Jose’s efforts to bring the Oakland A’s to Silicon Valley’s largest city.
To read more about this news see: http://www.bizjournals.com/sanjose/news/2015/10/05/whats-next-for-san-jose-ballpark-site-its.html published Oct. 5, 2015


Banc of California to Buy New HQ Building for $77M – Banc of California in Irvine has agreed to buy a Santa Ana office building for $77 million for its headquarters.
To read more about this news see: http://www.americanbanker.com/news/community-banking/ published Oct 5, 2015


Intense Fire Destroys Commercial Building in California – An intense fire was said to be burning in a metal-clad commercial building near downtown Los Angeles, sending up giant plumes of dark smoke that’s visible for miles around. The Los Angeles County Fire Department said the blaze broke out around 9 a.m. Monday at the one-story building in Huntington Park, a small city just south of downtown LA.
To read more about this news see: http://www.firefighternation.com/article/news-2/intense-fire-destroys-commercial-building-california published Oct. 5, 2015.


Building new? Remodeling? Updating or Upgrading? RMC Funding Financial Services helps investors, business owners and anyone in need of a commercial loan. A commercial loan, or mortgage loan secured by commercial property, can be used for an office building, shopping center, industrial warehouse, apartment complex, or other. The proceeds from a commercial mortgage are typically used to acquire, refinance, or redevelop commercial property. Call us for information on your individual lending needs: 1-800-649-5626