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PACIFIC PALISADES, CA—The mixed-use retail developer acquires the 49,000-square-foot retail center from a consortium of trustees and private individuals with plans to redevelop the property.
LOS ANGELES—The largest retail real estate advisory firm on the East Coast opens its first West Coast office in Santa Barbara, and brings in Mike Hieshima and Philip Kyle to lead the new group.
WASHINGTON, DC—The lapse in the program to backstop terrorism insurance “simply must be reauthorized as soon as possible to mitigate the economic damage” of a lack of coverage, says the Real Estate Roundtable's Jeff DeBoer.
HOUSTON–Conor Commercial Real Estate, a member of The McShane Cos., and joint venture partner, USAA Real Estate Co., have announced the acquisition of a 36-acre site outside of Houston for the development of Gateway Southwest Industrial Park.
DALLAS--Dallas-based affiliated commercial real estate services firms The Weitzman Group and Cencor Realty Services have a new chief executive for the first time since 1989.
LOS ANGELES—Hong Kong-based investor LT Global buys the 120,598-square-foot retail center, which is anchored by a Marukai Market and 24 Hour Fitness, at a 6.8% cap rate.