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Chris Bashaw, Assistant Editor
3:36 pm PDT June 3, 2014

The Malibu Village was acquired by an East Coast-based real estate investment and management company, Jamestown, for an undisclosed sum Thursday, May 22, after a successful deal with seller KRE Capital, the shopping center’s now-previous owner.

“We went to Jamestown because we thought they could be vested to bring a great retail experience to the community and keep with what our goals were to the community,” said Matt Khoury, KRE Capital founder. “We thought they would be ideally suited as they are probably the top urban retailer expert in the country.”