Onni Group Buys Pasadena Retail Center in Foreclosure
Briefly

Netstreit CEO Mark Manheimer, Onni Group founder Inno De Cotiis and 280 East Colorado Boulevard (Netstreit, Onni Group, Google Maps) Onni Group is taking advantage of distress, buying up a Pasadena shopping center after a Dallas-based firm defaulted on a loan connected to the property.The Vancouver-based developer bought the 457,000-square-foot The Paseo complex, at 280 East Colorado Boulevard, for $103 million through a foreclosure, according to a Monday release from Newmark, which brokered the deal.
Read at therealdeal.com
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