Latest news with #RiverOaks
Los Angeles Times
27-06-2025
- Business
- Los Angeles Times
California Retail Portfolio Sold for $306 Million
InvenTrust Properties Corp. sold a portfolio comprised of five Southern California shopping centers for approximately $306 million. The properties included River Oaks in Santa Clarita, Bear Creek Village Center in Wildomar, Pavilion at LaQuinta in La Quinta, Campus Marketplace in San Marcos and Old Grove Marketplace in Oceanside. 'This transaction is a testament to our team's unwavering focus on portfolio optimization and strategic capital allocation,' said DJ Busch., chief executive and president of InvenTrust Properties, in a statement. 'Rotating capital from California has been a strategic objective for some time. We believe that simplification and portfolio concentration in growth-oriented Sun Belt markets, where we have been actively investing, will further create long-term value for IVT shareholders.' The Downers Grove, Illinois-based company has already allocated about $275 million of the proceeds to properties that have closed or are under contract in markets such as Atlanta, Charleston, Phoenix, Central Florida, Richmond and San Antonio. The Company has one remaining property in California, which it expects to sell by year-end. Information for this article was sourced from InvenTrust Properties Corp.
CBS News
24-06-2025
- General
- CBS News
834 people displaced after historic 6-alarm Fort Worth apartment fire, officials say
After Fort Worth firefighters battled an apartment fire for nearly nine hours on Monday, 834 people are without a home. The Fort Worth Fire Department said crews responded to the fire around 1:30 p.m. at the Cooper Apartments on W. Rosedale St. It began as a three-alarm fire before escalating to a historic six-alarm fire, FWFD said. Firefighters battled the blaze from aerial hoses and on the roof while more crews were inside attacking the fire and evacuating residents. FWFD said the summer heat also made operations complicated as firefighters needed to stop and rehydrate. A total of 64 fire apparatuses and vehicles were at the scene along with close to 170 fire personnel. Crews worked to put the fire out for almost nine hours. Firefighters from Lake Worth and River Oaks assisted at the scene while Arlington firefighters provided mutual aid, backfilling their stations. One person was rescued from their apartment and taken to a local hospital with unknown injuries, but FWFD said they were in stable condition. Six people, including firefighters and civilians, were treated for heat exhaustion at the scene. FWFD said a total of 834 residents were displaced by the fire, but it's unknown how many units were damaged by fire or sustained smoke or water damage. It's also unknown when residents will be allowed back into their units. Most pet owners have been reunited with their animals, but FWFD advises residents to visit the Chuck Silcox Animal Care & Control Center to see if their pet has been dropped off. There are no fees to get pets back for Cooper Apartment residents, FWFD said. Residents who may require immediate financial assistance should contact the American Red Cross Greater North Texas at 1-800-RedCross. Rosedale Avenue will remain closed from Henderson Street to College Street on Tuesday. There is no estimate for when the street will reopen. The cause of the fire is still under investigation.
