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This Suburban LA Mall Sale Shows the Rising Demand for Regional Shopping Centers

Local Investor Buys 55-Acre Shops at Montebello for More Than $90 Million
The Shops at Montebello in suburban Los Angeles sold for more than $90 million amid a wave of investment in the segment. (CoStar)
The Shops at Montebello in suburban Los Angeles sold for more than $90 million amid a wave of investment in the segment. (CoStar)
CoStar News
April 19, 2022 | 10:25 P.M.

An enclosed mall east of downtown L.A. has been acquired by local real estate investment firm as investor interest grows in regional shopping centers.

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