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major East Bay retail center has been sold for $70 million-plus, a deal that suggests weakening property values in the region. The purchase price is lower than the previous value of the complex, which includes shops, restaurants, and a movie theater.

    The sale of the Streets of Brentwood retail hub in Brentwood comes as the real estate market continues to evolve. Industry experts say the transaction highlights the challenges facing commercial properties in the East Bay area.

    Details about the buyer and the terms of the deal were not disclosed. However, the sale price is seen as a sign that property values are declining in some parts of the region.

    The Streets of Brentwood complex has been a popular destination for shoppers and diners in the area. The sale of the property could have implications for local businesses and residents who rely on it for shopping and entertainment options.

    This development comes amid ongoing changes in the East Bay's real estate market, with some properties struggling to attract buyers or renters.