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Written by / Agency / Source: The Standard Oil Investment Group
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The Standard Oil Investment Group Announces Wilshire Corridor Development Acquisition - Marc Bohbot, Founder and CEO of The Standard Oil Investment Group, is pleased to announce the acquisition of 10777 Wilshire Boulevard, in Westwood, California. The project will be a condominium construct designed by Philip Starck
The Standard Oil Investment Group Announces Wilshire Corridor Development Acquisition

 

NewswireToday - /newswire/ - Los Angeles, CA, United States, 2008/04/18 - Marc Bohbot, Founder and CEO of The Standard Oil Investment Group, is pleased to announce the acquisition of 10777 Wilshire Boulevard, in Westwood, California. The project will be a condominium construct designed by Philip Starck.

   
 
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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 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. The Standard Oil Investment Group (SOIL) was established by Marc Bohbot, its Chairman and CEO. Marc and the Executive Team at The Standard Oil Investment Group bring over fifty years of combined professional experience to the company and over $1 Billion in real estate transactions. In addition to Marc’s Real Estate business acumen, his success has branched into additional genres, including the Fashion empire he created in 1989, with the launching of “Bisou Bisou”,“XOXO” and Hale Bob. In Bisou’s 15-year history, the company has become a worldwide fashion leader with annual revenues exceeding $80 million. “XOXO” gained immediate and rapid success as well,with revenues reaching above $100 Million annually and being acquired by a public company after only 5 years.

 
 
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Written by / Agency / Source: The Standard Oil Investment Group

 
 

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The Standard Oil Investment Group Announces Wilshire Corridor Development Acquisition

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Publisher Contact: Kimberly Wolfe - TheStandardOil.com 
kimberly[.]thestandardoil.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any The Standard Oil Investment Group securities in any jurisdiction including any other companies listed or named in this release.

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