Real estate of a prominent auto dealership group serving the Los Angeles and Phoenix markets, including nine commercial buildings, has been sold for more than $178 million to one of the nation's largest car retailers, which is seeking to accelerate consolidation in an industry hit hard by the coronavirus pandemic.
Deal for Los Angeles, Phoenix Auto Dealerships Reflects Nationwide Consolidation
Lithia Motors Acquisition of Keyes in Southern California Follows Others in Texas, Virginia
By Lou Hirsh
CoStar News
November 20, 2020 | 3:55 P.M.
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