Hopkins Real Estate Group, Newport Beach, Calif., has joined forces with Rockwood Capital Corp., San Francisco, to form a new company to develop, redevelop, and acquire retail properties in California.In connection with the move, Rockwood Capital's Fund V has committed up to $50 million of equity with HREG for the activities of the new company, Rockwood/Hopkins LLC. HREG said Rockwood/Hopkins' first project is a neighborhood center in San Clemente.

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