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Ralphs store sells in one of priciest deals for downtown Los Angeles

Private family buyer snaps up complex for $21 million
Ralphs' arrival in 2007 made it the first grocery store to open in downtown Los Angeles since the 1950s. (Hanley Investment)
Ralphs' arrival in 2007 made it the first grocery store to open in downtown Los Angeles since the 1950s. (Hanley Investment)

A private investor has acquired the Ralphs-anchored retail portion of Market Lofts in a $20.9 million all-cash deal in a show of confidence for downtown Los Angeles.

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