Commercial Real Estate Direct Staff Report Federal Realty Investment Trust has paid $123.5 million, or $183.45/sf, for the 673,155-square-foot Del Monte Shopping Center in Monterey, Calif. The Bethesda, Md., REIT purchased the property from American Assets Trust Inc. of San Diego. The property, at 1410 Del Monte Center, was built in 1967 and underwent renovations […]

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