LOS ANGELES—San Diego-based Retail OpportunityInvestments Corp. will purchase Fallbrook Shopping Centerfor $210 million in cash. The property is located in West Hills, CAand is one of the leading shopping centers serving the West SanFernando Valley, a densely-populated, affluent community within theLos Angeles metropolitan area.
Fallbrook Shopping Center has approximately 1.12 million squarefeet of gross leaseable area—762,000 square feet of owned GLA. ROICexpects to close the transaction during the second quarter of2014.
Stuart A. Tanz, president and CEO of RetailOpportunity Investments Corp. notes that "Fallbrook is one of thestrongest shopping centers in the San Fernando Valley and is anexcellent strategic fit with our existing portfolio, given itslocation and market position, as well as its diverse mix oftenants, many of which are necessity-based retailers.”
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
