If you need a sense of how the retail real estate market has changed over the past 12 months, all you have to do is take a close look at a deal that Faris Lee Investments, an Irvine, Calif.-based retail investment brokerage firm, closed this fall. The sale involved a recently completed project in Corona, Calif. The center is anchored by a Vons supermarket, but most of the shop space has never been filled. The center is located in a growth area, and Rich Walter, president of Faris Lee, ...
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