Los Altos, CA-based West Valley Properties and San Francisco, CA-based Rawson, Blum & Leon have joined up to form RBL Real Estate, a new company that will acquire, develop and manage retail and commercial properties in the western United States. In addition, RBL will "assist financial institutions and investors in managing, stabilizing, repositioning and/or disposing of their real estate" assets and also said it has the ability to recapitalize existing projects in need of financing to complete development.