Reports of the death of the Southern California mall have been exaggerated. Legacy malls across the region have been trading hands for nine figures as investors bet on dense suburban sprawl, limited supply and a consumer shift toward experiential retail, Commercial Observer reported. This year, retail has seen somewhat of a boom in investment, representing some of commercial real estate’s strongest growth opportunities. It has been bolstered by a combination of solid fundamentals, relatively affordable properties and capital eager for investment in the wake of the pandemic. Lakewood Center, The Oaks in Thousand Oaks and Long Beach Towne Center have […]
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