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The demand for value-add retail investment in Orange County far exceeds the opportunities. In fact, there are as many as 15 active investors chasing every value-add retail deal. Merlone Geier Partners recently acquired the College Plaza Shopping Center—a deal described as a true value-add opportunity—for $30 million. This was a rare opportunity, largely because Orange County’s retail market has remained active and healthy this cycle.

Kelsi Maree Borland

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