Brookfield unloads Rancho Cucamonga shopping center in $530M near-record sale
It didn’t take long for Brookfield Properties and Queensland Investment Corporation to find a buyer for the Victoria Gardens shopping center in Rancho Cucamonga. After listing the retail property earlier this month, Brookfield and Queensland sold the 1.2-million-square-foot shopping center to Newport Beach-based Redwood West and Irvine-based Panattoni for $530 million, Commercial Observer reported. That sale price makes it one of the highest ever paid for a retail property in Southern California and the highest paid in recent years. The duo partnered with Prime Finance and Prism Places for the deal and received acquisition financing from Ares Real Estate to […]This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
Tile Drenching: The Bold Bathroom Tile Trend That Maximizes Space and Adds Luxury
LA REITs Douglas Emmett, Hudson Pacific Properties earnings highlights
Inside a Modern Hamptons Home With Views in Nearly Every Direction
Matteo Thun designs Torre Velasca interiors using "building itself as the starting point"
SABO Project "softens divisions" inside Manhattan apartment
Nithya Raman won. Now what?
This Breezy Los Angeles House Has “a Little Funk to It”
Developer pitches data center at City of Industry golf course
A.J. Khair advancing resi, retail project on Sunset Strip in WeHo
Kim Kardashian’s Beverly Hills Marital Villa Lists for $8.5 Million—Plus 4 More Luxury Homes for Sale
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
26895 Aliso Creek Rd, B-603, Aliso Viejo, California 92656, USA