This Week’s LA Deal Sheet

Sunday December 5, 2021

Canadian developer Onni purchased a Long Beach retail project slated to be redeveloped as a multifamily project, paying $67.9M to sellers Regency Centers.

The Marina Shores is a 6.2-acre shopping center along the waterfront in Long Beach. Public records show that Regency acquired the property in 2008, paying just shy of $24.5M.