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Malibu Village shopping center is sold
Malibu Village shopping center is sold

Malibu Village, one of Malibu's biggest shopping centers, has been sold to an Atlanta real estate investment firm that is building up its California presence. Jamestown bought the 50,000-square-foot outdoor mall at Cross Creek Road and Pacific Coast Highway from a group of Southern California investors. ------------ FOR THE RECORD: Malibu Village sale: In the May 29 Business section, an article about the sale of Malibu Village shopping center in Malibu should have identified KRE Capital and Dune Real Estate Partners as the primary sellers of the property. The sellers cited in the article, Pouya Abdi, Michael Shabani and Jay Luchs, were minority owners. ------------ Terms were not...

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