RANCHO MIRAGE, CA—The River at Rancho Mirage, a277,550-square-foot shopping plaza here, is being purchased by,Pacific Castle, of Irvine.

According to a local media report, The River's senior assetmanager confirmed Thursday the company is in the process of buyingthe 12-year-old mall, with an expected closingdate of June 10.

Pacific Castle owns properties throughout Southern California,as well as in Las Vegas and the Phoenix area.

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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.