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High-End Stores in Pasadena's Top-Dollar Shopping District Sell for Same Price as Eight Years Ago

Investors Are Bullish on Luxury Retail. It's the 'Most Prestigious Quarter' of City Near LA. So Why No Price Appreciation?
Tiffany and Shops in Pasadena, California, is leased to Tiffany & Co., Crate & Barrel and House of Hoops. (Sanduku Inc.)
Tiffany and Shops in Pasadena, California, is leased to Tiffany & Co., Crate & Barrel and House of Hoops. (Sanduku Inc.)
CoStar News
June 25, 2022 | 12:10 AM

In any other place at any other time, the record-breaking sale of an upscale retail portfolio anchored by a well-known jeweler in a high-end shopping district would be inspiring news for the market.

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