Slew of SoCal shopping centers trade hands as investors see promise in retail
Several retail properties in the Los Angeles region have traded hands in a string of deals. Avant Real Estate bought the Shops at Valencia shopping center in Santa Clarita for $27.5 million, L.A. Business First reported. The 120,600-square-foot retail plaza at 23126-23170 Valencia Boulevard was 80 percent occupied at the time of sale. A private Los Angeles-based investor was the seller. SRS Real Estate’s Carlos Lopez, Terrison Quinn and Tony Vuona represented the seller, while CBRE’s Ed Matevosian represented Avant Real Estate. Avant plans to fully renovate and upgrade the retail property under its ownership. “Returns for retail properties have […]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