CenterCal, DRA Snap Up Long Beach Mall in $145MM Bet on Experiential Retail

As traditional shopping centers scramble to reinvent themselves, the joint venture is banking on grocery-anchored retail's resilience CenterCal Properties and DRA Advisors are joining the parade of investors scooping up Southern California retail real estate, paying $145 million—roughly $167 per square foot—for the 870,000-square-foot Long Beach Towne Center. The September acquisition marks another vote of […]