MISSION HILLS, Calif. — Olivo at Mission Hills is just one of the 25 shopping centers owned by Primestor Development, a family-owned and operated company based out of Culver City.
“Primestor has been around for 30 years. I think we’ve seen historical issues, complex situations, but this [is] unprecedented for our business at a time when it’s impacting ever sector of every industry across the world,” said Primestor CEO Arturo Sneider.
Sneider doesn’t know what the effects of COVID-19 will be long term. Right now, he says no one is signing new leases or contracts because every company is on emergency management mode, focusing on the immediate future.