Mosaic Center Sold for $30M in Long Beach | Long Beach News

Long Beach’s iconic Mosaic shopping center — six buildings spanning over 148,000 sq ft and nearly five acres — just hit the market for $30 million, marking its first ownership change since 2005. The new buyer, Mosaic Promenade Holdings LLC, outbid 14 private investors in a yearlong process, closing the deal at the end of June. Once part of the old City Place mall, the complex housed familiar names like Ross, Panda Express, and a U.S. Army recruiting office. Recent exterior and operational upgrades hint at its renewed appeal — especially as downtown retail continues to draw interest, following another major sale at The Pike for $50 million. This move is part of a larger transformation of the former mall site, with a $150 million apartment complex now under construction nearby, set to deliver 900 units and 50 storefronts. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/6643a791b1043958