🚨 Breaking Long Beach Real Estate News 🚨The Long Beach Towne Center has been sold for $143 million, marking its first ownership transfer in more than 20 years. The 870,000-square-foot property is a cornerstone of the Long Beach community, anchored by Walmart, Lowe’s, Sam’s Club, Regal Cinemas, and Dave & Buster’s.Now, with CenterCal Properties—developers of 2ND & PCH—and DRA Advisors taking over, the Towne Center is set for a major redevelopment and retail upgrade. Planned improvements include:✔ Redesigned outdoor gathering spaces for events and community use✔ Enhanced signage, lighting, and parking areas✔ Walkable, pedestrian-friendly pathways✔ A mix of national chains, local Long Beach businesses, and emerging retail brands✔ Expanded dining concepts, health and wellness tenants, and family-oriented entertainmentThis isn’t just a facelift. It’s a transformation that positions Towne Center as a premier retail and lifestyle destination for Long Beach, boosting local property values and driving more activity into surrounding neighborhoods like Lakewood Mutual, Carson Park, and Cerritos.✨ This makeover is long overdue. Share this with your Long Beach neighbors, and comment below: What new shops, restaurants, or experiences would make Towne Center your go-to spot again?Rick J. LeeRealtor @ ΓEA⅃ BrokerCell: (714)-943-1598DRE # 02130981NMLS 2561007#LongBeach#LongBeachCA#LongBeachLife#LongBeachTowneCenter#RetailTransformation#LongBeachCommunity#LongBeachEvents#ShoppingCenter#LongBeachRealtor#LakewoodCA#CypressCA#CerritosCA#SignalHill#OCRealEstate#SoCalLiving#RealEstateNews