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Venice Crossroads Sold to Partnership

Venice Crossroads, a retail center developed by Irvine-based Crown Realty & Development, has been sold to a group of individual Los Angeles-area investors in a partnership called HOMA.

The principals did not disclose the sale price, but local real estate sources estimate that the 160,000-square-foot center at Venice and Robertson boulevards in Los Angeles traded for more than $40 million.

Major tenants include Ross, Albertson’s and Sav-On.


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