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The city is named after its founder, oilman Jared Sidney Torrance. As of the 2000 census, the city population was 137,946; a 2003 estimate puts the total population at 142,621 [1]. Torrance is the 7th largest city in Morgage Glossary Los Angeles County. Del Amo Fashion Center, at three million square feet (300,000 m²), is one of the largest malls in the United States. Estimates vary between the second largest (after the Mall of America) and the fourth largest, depending on the measurements used. The current mall was created when Del Amo Center, built in 1958, merged with Del Amo Fashion Square, built in 1970. Once located on opposite Real Estate Home Values sides of Carson Street, a gigantic expansion of the mall spanning Carson Street joined the two centers by 1982, making it the longest mall in the world at the time. Del Amo Fashion Center has been used as a location for several motion pictures, including Jackie Brown and Bad Santa. In 2005, the east end of the original mall north of Carson Street was demolished to make way for a new open-air shopping Mortgage Refinance center, scheduled to open in summer of 2006. One of the country's few urban wetlands can be found in Torrance. Madrona Marsh is a nature preserve on undeveloped land once set aside for oil production. Torrance Beach lies between Redondo Beach and Malaga Cove. The region shared by Torrance and Redondo Beaches are often called "Rat Beach" (short for "Right After Torrance"). [citation needed] Torrance is well-known for its annual Armed Forces Parade on Armed Forces Day in mid-May every year down Torrance Boulevard. The parade features many military vehicles from the different branches of the Armed Forces. After the parade, the military vehicles are put on display at the parking lot of the Del Amo Fashion Center for two days. Torrance High School is not only one of the oldest high schools in California, its facade is familiar to television viewers as the setting for Beverly Hills 90210 and Buffy the Vampire Slayer and to moviegoers for its appearances in She's All That. South High School, near the southern border of Torrance, was used as a location for the 1999 filming of the movie American Beauty.