Towngate Center

  • CBRE Team Arranges Sale of Large Inland Empire Retail Center for $42 Million

    The Inland Empire recently saw a large retail transaction completed when a Moreno Valley Property was acquired for a fee of approximately $42 million. TownGate Center was sold on behalf of the owning entity, a partnership between Walton Street and Fritz Duda Company, by a team headed by CBRE Senior Vice President Philip D. Voorhees. The SVP worked along with the National Retail Investment Group – West consisting of Megan Read, Jimmy Slusher, John Read and Brad Rable to represent the seller, as well as buyer Brixton Capital, a San Diego-based company in the all-cash deal.

    Los Angeles 16 March 2014 16:52

You May Also Like

  • PacSun Global HQ Building Changes Ownership

    The 181,000-square-foot, build-to-suit office building will continue to serve as global headquarters for Pacific Sunwear. This is Hines and Oaktree’s ninth acquisition in the North Orange County submarket.

    25 October 2017 13:35
  • Detroit’s Slow Acceleration

    The metro is on the verge of an economic turnaround, largely due to its broad-based employment growth. This restoration is reflected in the local multifamily market’s improving fundamentals, as well.

    27 October 2017 13:46
  • Has US Office Investment Recovered from the Financial Crisis?

    A decade after the financial crash, COMMERCIALCafé analyzed the U.S. office investment realm, identifying the key markets, players and lending trends that characterized activity in this sector from 1997 to 2017.

    17 November 2017 12:00
  • Oilfield to Hold California’s Largest Solar Project

    Aera Energy and GlassPoint Solar will deliver the first-ever solar project to power oilfield operations. Located in the San Joaquin Valley, the 850-megawatt project is estimated to save more than 376,000 metric tons of carbon dioxide emissions per year.

    12 December 2017 15:36
  • Grocery Stores Fuel Retail Industry

    A JLL report unveiled that grocery-anchored shopping centers are a stable point in the transforming retail sector. Senior Vice President Greg Ferrante explains why embracing tech is not enough to be a successful grocer in 2018.

    12 April 2018 11:53