Commercial Observer Festival Cos. has paid $26.4 million, or $340.80/sf, for Komar Desert Center, a 77,466-square-foot retail center in La Quinta, Calif. The Los Angeles company purchased the property from Capital Square in a deal brokered by CBRE. The property, at 79705-79845 Highway 111, is encumbered by a $15 million loan that’s securitized through COMM, […]

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