The Standard Oil Announces Wilshire Corridor Development Acquisition

2008/04/26 10:11

Press Release from:

The Standard Oil Investment Group

Los Angeles, CA, Marc Bohbot, Founder and CEO of The Standard Oil Investment Group, is pleased to announce the acquisition of 10777 Wilshire Boulevard, in Westwood, California. 10777 Wilshire Boulevard will be developed as an exclusive, luxury 27-unit condominium community located on the elite Wilshire Corridor in Westwood, California. The project is a design by world-renowned architect, Philip Starck. Westwood, California is located approximately 20 minutes outside of downtown Los Angeles, California. The condominium development will begin construction on the .60 acre site in late 2008.

The Standard Oil Announces Wilshire Corridor Development Acquisition

The development will offer owners a lifestyle experience where they can thrive in a luxury, amenity-filled environment that includes a resort-style pool/Jacuzzis and sundeck, state-of-the-art fitness facilities, a private movie theatre and a 24-hour concierge service, all located within minutes of Beverly Hills, Bel Air, Santa Monica and Hollywood.

The Standard Oil Investment Group’s acquisition was led by Marc Bohbot – Founder and CEO. Financing was provided by a combination of the company’s own private equity and First Regional Bank lending. The Standard Oil Investment Group owns, acquires and develops a growing portfolio of commercial property, with a market value exceeding $100 Billion. Contact Information   Kimberly Wolfe  The Standard Oil Investment Group, kimberly@thestandardoil.com