@llj84621: The Long Beach Towne Center has officially been sold for $143 million—its first change in ownership in over two decades. This is one of the largest shopping centers in Los Angeles County, spanning 870,000 square feet right off the 605 freeway. The new owners, CenterCal Properties—the same developer behind the acclaimed 2ND & PCH center—and DRA Advisors, a real estate private equity firm, are planning a complete redevelopment and retail transformation. Expect upgrades to outdoor gathering areas, new signage and lighting, refreshed design, improved pedestrian pathways, and curated shopping that blends national retailers, emerging brands, and local businesses. Even bigger, they plan to expand food and beverage activations, family-friendly entertainment, fitness, and wellness options, making the Towne Center a true lifestyle destination rather than just a place to shop. For residents in Long Beach, Lakewood, Cypress, Cerritos, and Signal Hill, this project is long overdue and could reshape both local property values and how families spend their weekends. ✨ This is a major milestone in Long Beach real estate and community development. Share this with a neighbor and comment what new businesses you’d like to see at Towne Center. Rick J. Lee Realtor @ ΓEA⅃ Broker Cell: (714)-943-1598 DRE # 02130981 NMLS 2561007 #LongBeach #LongBeachRealEstate #LongBeachTowneCenter #RetailDevelopment #ShoppingCenter

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Wednesday 14 October 2026 10:39:02 GMT