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New owner for Sears at Sunrise Mall in Citrus Heights CA
An aerial view demonstrates Sunrise Shopping mall and bordering purchasing spots along Greenback Lane near Dawn Boulevard in Citrus Heights on Thursday, December 26, 2013. Sacramento investor Ethan Conrad not long ago procured the shut Sears store on the website. Randall Benton Sacramento Bee File A vital element of Dawn Mall in Citrus Heights has a new owner, just as ideas are transferring alongside to redevelop the growing older shopping heart into housing, retail, eating places and an entertainment centre. Sacramento investor and industrial actual estate agency Ethan Conrad Qualities finalized a purchase of the empty Sears making on Tuesday, having to pay just under $7 million for the 21-acre…
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Hillsdale mall in San Mateo brings big real estate investor on board
SAN MATEO — The family-owned Hillsdale Shopping Center in San Mateo has brought a big-time real estate investment firm on board as a partner in the busy Peninsula retail hub, the companies announced Tuesday. The Bohannon family originally developed Hillsdale Shopping Center and opened it as an outdoor mall in 1954. Now, the family is bringing in Northwood Investors, a real estate private equity firm, as a partner in the 1.3 million square foot retail complex, which operates on 47 acres. “We are committed to continuing our family’s relationship with this property and its service to the San Mateo community as we have done for the past 75 years,” said David…
