L.A. retail portfolio goes for $60 million

Investor sells after more than 30 years' ownership
Published on Aug 16, 2007

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by CareyBot

A two-building retail portfolio in the Los Angeles area recently sold to American Commercial Equities LLC for more than $60 million. “Both properties were purchased as fully leased investments and were part of a 1031 exchange,” according to David Ickovics, ...