Primestor Development News Today

Here’s everything you need to know about the largest retail real estate conference in North America.

AlbaneseCormier Holdings paid DRA $47.8 million for the Rancho Las Palmas Shopping Center in Rancho Mirage, Calif.

A photo of all the retail stores at the Oxnard Shopping Center. (courtesy photo) By Staff Report The Esplanade Shopping Center located in Oxnard has sold for $90 million, according to an April 8 press release. Primestor Development, a leading minority-owned real estate development and investment firm based in Los Angeles, purchased the 357,000-square-foot grocery-anchored

Walnut Park was among the communities worldwide holding Our Lady of Guadalupe celebrations to honor the virgin on the anniversary of her apparition.

At its New York convention, the group explored artificial intelligence, ethnic food courts and other unique services to ensure malls remain relevant.

Gensler announced Andy Cohen and Diane Hoskins will transition from their roles as co-CEOs to become the firm’s first global co-chairs.

Watch LGBTQ+ films at Outfest (in air-conditioned theaters). Explore action sports, farm exhibits and fried foods at the OC Fair. Attend the Colorado Bridge Party. Catch Sparks at their hometown show with They Might Be Giants.

Before COVID-19, industry analysts across the board were lamenting the death of the shopping mall

According to a McGraw Hill Education study, malls saw an increase of traffic last year, with American malls and outlet centers reporting an occupancy rate of more than 93%, up from 91% the previous year. Across all U.S. malls and outlets, 2022 saw more stores announcing openings than closing. Part of the rebirth is credited to what some are calling “shoptainment."

Minority-owned real estate firm Primestor Development last week raised $165 million for its Urban Vision Fund I, with which it plans to execute on local mixed-use and transit-oriented projects that serve urban and minority communities in the county.