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LA investor buys Palm Springs retail corner

High-profile property trades for first time in nearly six decades
The Liebling Trust Building on North Palm Canyon Drive in Palm Springs sold as the upleg of a 1031 exchange . (CoStar)
The Liebling Trust Building on North Palm Canyon Drive in Palm Springs sold as the upleg of a 1031 exchange . (CoStar)
By Aaron Tamblyn with
CoStar Research
September 2, 2026 | 6:04 P.M.

Signet Investments has acquired the two-building, 24,014-square-foot retail portfolio at 102 N. Palm Canyon Drive and 119 Indian Canyon Drive in Palm Springs, California, from a trio of investors for $14.05 million, or $585.08 per square foot, marking the first sale of the property in 57 years.

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