Real Estate/Development
Jan. 27, 2011
Real Estate Movers & Dealmakers
Sovereign Capital Management Group, Inc., a private equity firm, helped revitalize a flagging San Diego shopping center and recapitalize its defaulting loan to get it sold for $12.3 million.
DEALMAKERS
S.D. Shopping Center Gets $12.3 Million
Sovereign Capital Management Group, Inc., a private equity firm, helped revitalize a flagging San Diego shopping center and recapitalize its defaulting loan to get it sold for $12.3 million.
The company partnered with the owner, Grewal Realty Holdings, last January to help turn around the 136,792-square-foot center on the verge of foreclosure.
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