CB RICHARD ELLIS BROKERS $45.3 MILLION SALE OF RETAIL PROPERTY

SEAL BEACH, CALIF. — CB Richard Ellis has brokered the $45.3 million sale of Old Ranch Towne Center, a retail center located at 12300-12490 Seal Beach Blvd. Bob Young, Steve Brabant, Glenn Smigiel and Rick Abraham of CBRE’s Phoenix office represented the seller, a southwestern U.S.-based partnership. Sam Alison and Dan Riley of CBRE’s Los Angeles office represented the buyer, Westlake, Calif.-based DSB Properties.