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MANHATTAN BEACH, CALIF. – A 123,000-square-foot office building located at 1500 Rosecrans Ave. in Manhattan Beach has received $27 million in first-mortgage financing. This building is within the Continental Park. The 10-year, fixed-rate, non-recourse loan was placed with a life insurance company at less than 5 percent. It also contains two years of interest-only payments. The loan was arranged by Sonnenblick-Eichner Company on behalf of the owner, an affiliate of Continental Development Corporation.