In February 1970, Federated Department Stores replaced its Bullock's Realty Corporation, which owned and managed the Fashion Square malls, with an organization called Transwest Management; Transwest sold the Torrance (future "Del Amo") Fashion Square in March of that year to new co-owners Great Lakes and Guilford Glazer and Associates, while selling the three other Fashion Squares for $13 million to Urban Investment and Development Company (UIDC), who would sell them in 1973 to Bank of America Realty Investor and Draper and Kramer for $16.3 million.