Cape Point Development has paid $23.5 million, or $430.67/sf, for La Paz Village, a 54,566-square-foot retail center in Laguna Hills, Calif. The San Clemente, Calif., developer purchased the property from an investor group in a deal brokered by Marcus & Millichap’s Institutional Property Advisors unit. The property, at 25254 La Paz Road, was built in […]

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