LOS ANGELES-Chicago-based Walton Street Capital LLC has bought Simi Valley Town Center, a 612,417-square-foot building, confirmed Brian Gabler of the firm. The center, constructed in 2005, was previously owned by Forest City Enterprises of Ohio.
TIAA-CREF or Teachers Insurance and Annuity Association and College Retirement Equities Fund, the lender of Forest City Enterprises, placed the property's mortgage on the market. Holliday Fenoglio Fowler LP had listed the center on the market for sale. For the full story, go to San Fernando Valley Business Journal.
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