CALIFORNIA BEACH SALE: That didn’t take long. The Malibu Lumber Yard, a 30,000-square-foot shopping center that opened in April of last year, is on the market for an undisclosed price. The selling points are well-heeled customers, including neighborhood celebrities; stores such as Kitson, Intermix, James Perse and Alice + Olivia, and retail sales topping $1,000 a square foot, said co-owner Richard Weintraub. The downside? Tenants who complain about high operating costs, competitors such as the refurbished Santa Monica Place and what Weintraub described as “a lot of challenges in the retail economy.”
August 16, 2010
Malibu Lumber for Sale... New Friends... Pat Field's Larissa Love...
The Malibu Lumber Yard shopping center is on the market for an undisclosed price.
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