Warner Marketplace sells near Los Angeles

Developer unloads asset

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Transwestern Commercial Services announced that its West Coast Multi Housing Capital Advisors Group has negotiated the sale of Warner Marketplace, a 160,075-square-foot power center in Woodland Hills, Calif. The value of the transaction was $52 million. A portfolio managed by UBS Realty Investors LLC purchased the property from Century City, Calif.-based Bisno Development. Situated on a 10.3-acre site at 6500 Canoga Ave., Warner Marketplace is anchored by many national retailers, including Bed Bath & Beyond, Borders Books and Pier 1 Imports. Transwestern Commercial Services is a full-service commercial real estate services company operating nationwide. *** What's your opinion? Send your Letter to the Editor to opinion@inman.com....