REDA Residential and an undisclosed investor have bought a 68,000-square-foot shopping center in Culver City for $49 million, with plans to redevelop it for homes.
REDA Residential also plans to redevelop the shopping center, potentially bringing hundreds of residential units to the property.
In late 2022, Real Estate Development Associates filed plans to build a 2.9 million-square-foot distribution warehouse campus in Ontario, on 130 acres near Chino Airport in the Inland Empire.
#real-estate-development #property-investment #redevelopment #residential-units #commercial-real-estate
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