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In the first deal, recently formed LBX Investments of Los Angeles has purchased Alfaya Commons, a 130,811-square-foot shopping center at 11792-11970 East Colonial Drive from Regency Centers in a deal valued at $19.8 million.
Restaurants and food and beverage is not only driving retail leasing, but real estate owners in every asset class are creating curated food experiences to drive value.
Alan Pullman of Studio One Eleven is working with Southern California with Metro and the Department of Transportation to create a mobility hub at the Bloc in DTLA, and it could be the key to increasing density.