L Catterton Real Estate and QIC Global Real Estate has formed a joint venture to redevelop the South Bay Galleria in Redondo Beach. As part of the strategic partnership, LCRE has acquired a 50% interest in QIC GRE’s South Bay Galleria following development approval from Redondo Beach City Council in January 2019.

The new space will become an iconic retail-led, mixed-use destination. It will feature commercial and accommodation space, improved transport and bicycle connections, and substantial public space.

QIC GRE received Redondo Beach City Council approval for the proposed development of South Bay Galleria in January 2019. The approved plan incorporates the revitalization of 29.85 acres.

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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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