Donahue Schriber enters Palm Springs market

Grocery-anchored center 97% occupied at time of sale

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Costa Mesa-based developer Donahue Schriber acquired Smoke Tree Village in Palm Springs, Calif. The value of the transaction was not disclosed. Smoke Tree Inc. sold the 106,161-square-foot retail center located at the southeast corner of Palm Canyon Drive and Sunrise Way. Ralphs, Longs Drugs and Canyon National Bank anchor the center. Smoke Tree Village was 97 percent leased at the time of sale and has spaces available ranging from 400 to 2,100 square feet. Costa Mesa-based Donahue Schriber, a private REIT since January 1997, owns and/or operates 67 neighborhood, community and power centers in California, Nevada and Arizona. *** Send a Letter to the Editor for publication.Send a comment or news tip to our newsroom. Please include the headline of the story. ...