Brookfield is selling another Southern California mall. Brookfield Properties and Queensland Investment Corporation are selling the Victoria Gardens shopping center in Rancho Cucamonga, Bisnow reported. The property at 12505 North Mainstreet spans 1.2 million square feet. Pricing guidance for the open-air mall has not been disclosed. Victoria Gardens boasted a cash flow of $33.6 million in 2024, per Morningstar data cited by Bisnow. The Inland Empire property’s net operating income was $32 million at the end of 2023, an increase of 6 percent from the year prior and 15 percent from before the pandemic, The Real Deal previously reported. The […]
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