RANCHO MIRAGE, CA—The River at Rancho Mirage, a 277,550-square-foot shopping plaza here, is being purchased by, Pacific Castle, of Irvine.
According to a local media report, The River's senior asset manager confirmed Thursday the company is in the process of buying the 12-year-old mall, with an expected closing date of June 10.
Pacific Castle owns properties throughout Southern California, as well as in Las Vegas and the Phoenix area.
The sale price was not reported.
Pacific Castle was the top bidder for the retail and restaurant center at the northwest corner of Bob Hope Drive and Highway 111. It was developed by J.H. Snyder Co. on a triangle of land assembled by the city's former redevelopment agency, and sold to Grosvenor Group, in November 2005.
Grosvenor put the shopping plaza, on the market earlier this year after failing to get any satisfactory bids in a previous attempt to sell a couple of years ago.
The River's Century Theatres and lineup of restaurants, which also includes Acqua Pazza California Bistro, Babe's Bar-B-Que & Brew
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
