The land is at the southeast corner of Carson and Abalone streets. The acquisition by the Sun Family Trust includes entitlements to build up to 58,000 sf of retail space on the parcel, according to a broker involved in the deal.

Richard Rizika and Brent Cunningham of CB Richard Ellis Retail Services represented the seller, LA-based Regency Realty Group. The private Sun Family Trust was represented by David Minck of locally based California Retail Investments.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Retail