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In a very rare opportunity, a 71-acre land site has come to market in Malibu. The eight-parcel land site, which was formerly owned by Jerry Perenchio, is expected to sell for more than $150 million. Four of the parcels, a total of nearly 19 acres, are zoned for commercial development, offering a great opportunity to shape the future of the city. Savills Studley and The Agency are teaming to market the site. We sat down with Mauricio Umansky, founder and CEO of the Agency, to talk about the sale and how this unique site will impact the market.

GlobeSt.com: How did this large land portfolio come together for this sale?

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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