Shopping Center Sale
Commercial Observer
Connecting and informing industry leaders of trends and individuals defining the global commercial real estate landscape
Brick-and-mortar retail took a beating during the pandemic — and wasn’t doing too hot before — but it’s still a desirable asset class for investors. The latest proof is a major sale in Southern California.
—Tom Acitelli
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Community Retail Center in SoCal Sells for $45M
The owners of a 375,541-square-foot community shopping center have traded the asset for $45.3 million. Tenants include major chains like Marshalls and Starbucks.
E-Commerce Marketer Yotpo Subleases 31K SF at One SoHo Square
This will be the firm’s second move in three years as it decamped to 400 Lafayette from 33 West 19th Street in 2019.
Principal Supplies Lends $58M on Multifamily Build Near Arizona State
Principal Life Insurance provided the nonrecourse fixed-rate loan at a 90 percent loan-to-cost for Silver Creek’s Blue @ Eastline project, sources told CO.
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