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July 13, 2001 | JESUS SANCHEZ and ROGER VINCENT, TIMES STAFF WRITERS
The recently renovated Glendale Fashion Center has been sold for $57.2 million to a family business based in Encino. The sale is part of a string of recent deals that illustrate the bigger role private investors are playing in the commercial real estate market after years of being pushed aside by public and institutional rivals. "It's the return of the private investor," said Cushman & Wakefield Inc.
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BUSINESS
July 13, 2001 | JESUS SANCHEZ and ROGER VINCENT, TIMES STAFF WRITERS
The recently renovated Glendale Fashion Center has been sold for $57.2 million to a family business based in Encino. The sale is part of a string of recent deals that illustrate the bigger role private investors are playing in the commercial real estate market after years of being pushed aside by public and institutional rivals. "It's the return of the private investor," said Cushman & Wakefield Inc.
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