Rancho Las Palmas Shopping Center in Rancho Mirage Acquired by AlbaneseCormier for $47.8MM

The Rancho Las Palmas Shopping Center, a prominent retail destination in Rancho Mirage, California, has recently changed ownership. On April 16th, AlbaneseCormier, a Beaumont, Texas-based entity, completed the purchase for $47,750,000, translating to a price per square foot of $280, according to public documents provided by research firm Vizzda. The seller, New York-based DRA Advisors, […]