Commercial Property Executive Sterling Organization has paid $61.1 million, or $514.11/sf, the Rossmoor Shopping Center, a 118,846-square-foot property in Walnut Creek, Calif. The West Palm Beach, Fla., private equity firm purchased the retail center through its $267 million Sterling United Properties II LP fund. U.S. Bank also provided $35.8 million of financing to facilitate the […]

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