DRA Advisors Sheds Another SoCal Retail Plaza for $48M
AlbaneseCormier Holdings paid DRA $47.8 million for the Rancho Las Palmas Shopping Center in Rancho Mirage, Calif.
Source: commercialobserver.com
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Village at Orange mall is sold for $84.5 million
After spending millions of dollars modernizing the Village at Orange, property owner Vestar has sold it for $84.5 million, a real estate broker announced Wednesday. The deal comes after Phoenix-based Vestar purchased the 855,728-square-foot mall in an all-cash deal in September 2013. A few months later, Vestar revealed it had secured an acquisition loan of […]
Source: ocregister.com
SITE Centers Unloads SoCal Retail Center for $53M
Aldi anchors fully leased shopping center anchored in Orange County
Source: commercialobserver.com
New Owner for Glendale Marketplace | San Fernando Valley Business Journal
Glendale Marketplace, a 154,049-square-foot urban retail center, has sold for $64.1 million.
Source: sfvbj.com
Value-Add Opportunities in Grocery-Anchored Space Are Hard to Find
With most of the “easy” value-add deals already snapped up in the grocery-anchored sector, what’s left requires a high level of expertise
Source: wealthmanagement.com