Saturday, April 13, 2013

Vestar and UBS Global buying 2 shopping centers


Peninsula Center in Palos Verdes, Calif.

Phoenix-based Vestar has partnered with UBS Global Asset Management to buy two large shopping centers in California and Texas.

Rick Kuhle, Vestar president, said the retail real estate firm is “aggressively seeking more properties” in the West and Southwest.

Vestar formed a partnership with UBS in 2011 with plans to buy more than $800 million in retail properties.




 Deerbrook Marketplace in Houston Texas

Read more:  Vestar and UBS Global buying 2 shopping centers

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