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CBRE Global Investment Partners invests around $450 million for a 45% stake in a West Coast retail property portfolio worth $1.5 billion. This move capitalizes on the growth of consumer spending driven by the technology sector in the region. Merlone Geier Partners retains majority ownership and control over the portfolio, consisting of 55 shopping centers and other assets totaling approximately 7 million square feet.
Monday, 21 November, 2016