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The purchaser was a California-based family office with extensive experience acquiring and managing trophy quality, grocery anchored shopping centers throughout the United States, Pegasus Investments states.
While many are expecting a pause in 2020 or 2021, office developers are starting projects today to deliver into what is forecasted to be a strong market in 2022, GlobeSt.com reports EXCLUSIVELY.
In the recent trade of the retail portion of the Burbank Collection, the buyer secured maximum proceeds as the loan was sized to 76.5% of purchase price and 75% of value.