LOS ANGELES—Retail investors are heading to markets in the valley for better yields. Two separate investors acquired value-add shopping centers in Oxnard and Palmdale for a combined $27 million. The two purchases show a trend of investors looking for investment opportunities in alternative markets as cap rates continue to compress in Los Angeles.

“Cap rates are still compressing and premiums are consistently being paid for quality in-fill Los Angeles retail,” Bill Asher, EVP of Hanley Investments and one of the brokers who worked on the two transactions, tells GlobeSt.com. “Areas north of Los Angeles like Oxnard or Palmdale have become viable alternatives for investors chasing better yield, yet still retaining a secure location and tenant mix, with future upside.” Asher along with Hanley Investment president Ed Hanley and SVP Kevin Fryman represented the seller in the Oxnard transaction and the buyer and seller in the Palmdale transaction.

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

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


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 asset-and-logo-licensing@alm.com. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2025 ALM Global, LLC. All Rights Reserved.

Thank you so much for your interest in our content. Please register to access this complimentary archived content. By registering, you will receive our newsletter which can be opted out of at any time.

 

Already Registered? Click here to confirm.