Mortgage Financing Secured for Building

The sum of $10 million in first mortgage financing has been obtained for the Douglas Oil Building in Los Angeles, through Sonnenblick-Goldman of California from a California savings and loan association.

The Douglas Oil Building is a 13-story, 142,000-square-foot office tower at 530 West 6th St. in Los Angeles. The financing was obtained on behalf of Kellogg Properties/AYCO of New York.