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MISSION VIEJO, CA—GlobeSt.com has learned exclusively that Shopoff Realty Investments has purchased, through co-investments from two Shopoff-affiliated funds, Los Alisos Village, a 31,400-square-foot community retail property here, for $11.5 million from Los Angeles-based Sandstone Properties. Shopoff plans to add more than 1,500 square feet of leasable space to “further enhance property revenue and value,” according to David Placek, EVP of Shopoff’s commercial property division.

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