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Home Finance Federal Realty Sells Third Street Promenade Portfolio in Santa Monica for $103MM to Two Investors
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Federal Realty Sells Third Street Promenade Portfolio in Santa Monica for $103MM to Two Investors

June 18, 20242 Mins read1.5k
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Strategic Disposition Enhances Focus on Key Markets and Financial Flexibility (EDITOR'S NOTE: Federal Realty Investment Trust sold eight parcels along Santa Monica's Third Street Promenade to two buyers. Tech founder Daniel Negari purchased seven of the properties, spending a total of $84.5 million. His most expensive acquisition was a 24,600-square-foot building on Arizona Avenue, which […]

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