Magic Johnson buys Marq*e center

The Marq*E Entertainment Center has a new landlord: basketball legend Magic Johnson, whose L.A.-based Canyon-Johnson Urban Funds reportedly paid more than $50 million for the seven-year-old shopping center.

Canyon-Johnson doesn't plan many changes for the center, but it does want to put in a police storefront there in response to recent violence. The major tenants — including an Edwards theater, Cafe Adobe, Drink Houston and Jillian's — won't leave, though Jillian's will become a Dave & Buster's. An LA Fitness health club will open in the former Vans skatepark location this year. The new owners will try to lease the 35,000 square feet of vacant space in the center as well, with an eye toward bringing in businesses that will help generate traffic around the center. If only they'd do something about the name ...