The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
March 28, 2024
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



INLAND EMPIRE NEWS
Printer-friendly Version   Email an Associate
Tower Energy Group Buys Dev Site in Rancho Mirage

12/22/17

Tower Energy Group paid $5.65 mil for a 22.48-acre, mixed-use development land site in Rancho Mirage. The land parcel, situated on the northeast corner of Monterey Ave and Frank Sinatra Dr, in a rapidly growing area of the city, was sold by bankruptcy trustee Marshack and Hays.

To the immediate east of the property is the Marriott’s Shadow Ridge Golf Club and the Monterey Shore Shopping Center. Across the street, on Frank Sinatra Dr to the south, is Palm Desert Greens Country Club and Golf Course.

David Knowlton, Kirby Greenlee and Lynn Coker with NAI Capital represented the seller in the deal. According to Knowlton, this is one of the last significant commercially zoned properties in Rancho Mirage. Its development will fill an important need for retail space in the market.






Return to the Archive page


 


 
 
 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media