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• Venice Retail Center Renovation Project an ICSC Silver Award Winner
1/19/10
Lincoln & Rose Shopping Center in Venice was named the Silver Winner of an International Council of Shopping Centers (ICSC) U.S. Design and Development Award in the Renovation or Expansion of an Existing Property category. T...
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• HFF Arranges Nearly $11 Mil on San Diego-Area Retail Center
1/18/10
The Orange County office of HFF (Holliday Fenoglio Fowler, L.P.) has arranged $10.8 mil in refi money for Tierrasanta Town Center, a 126.3k sf Albertson’s and Rite Aid-anchored retail center in San Diego’s Tierrasanta submark...
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• Canyon Johnson Urban Fund Finances Renovation of OC Shopping Center
1/15/10
Brea Plaza, a 150k sf neighborhood shopping center owned by BOSC Equities and located at 835 E. Imperial Hwy in northern Orange County, is about to undergo a major renovation thanks to $28 mil in new financing provided by Can...
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• San Diego Retail Asset Trades for $165/sf
1/14/10
A 10.9k sf retail center located at 2901-2917 University Ave, in the North Park community of San Diego, has sold for $1.8 mil ($165/sf). The buyer intends to hold the retail center as an investment.
The center, which is conv...
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• Denver PETCO Property Trades for Near $8 Mil
1/13/10
A 23.1k sf, single-tenant PETCO-occupied property in Denver, CO changed hands in a recent $7.8 mil ($339/sf) transaction. The property is situated on 1.4 acres at 4100 E. Mexico Ave, just east of Colorado Blvd.
Built in 1993...
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• San Jose Retail Center Fetches $52 Mil
1/12/10
An affiliate of AEW Capital Management has acquired Stevens Creek Central Shopping Center, a 196k sf community shopping center in San Jose, for $52 mil ($265/sf). The institutional-quality property is located on Stevens Creek...
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• Retail Briefs
1/08/10
LA JOLLA (San Diego County) -- Best Buy Stores LP inked a 10-year lease for 32.6k sf of retail space at La Jolla Village Square, located at 8657 Villa La Jolla Dri. The value of the deal was not disclosed. La Jolla Village Sq...
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• Calexico Site Occupied by Forever 21 Store Sells for Over $5 Mil
1/05/10
In a recent SoCal retail buy, a Los Angeles investor paid $5.2 mil for the fee-simple ownership in the land leased to a single-tenant building occupied by Forever 21 in Calexico. The property is located at 1113 Imperial Highw...
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• Pair of SoCal Retail Properties Fetch over $6 Mil
1/04/10
Los Angeles-based Westwood Financial collected $6.05 mil from the sale of two multi-tenant retail properties in Cypress and North Hollywood. The properties, containing a total of 17.5k sf of space, were purchased by private i...
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• MFG’s Andrew Miller Named Receiver for 700k sf CO Retail Center
12/31/09
Andrew Miller, Principal at Denver, CO-based Miller Frishman Group (MFG), has been engaged as a court-appointed receiver for The Promenade Shops at Centerra, a 700k sf lifestyle center in northern Colorado. MFG is providing p...
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• Vietnamese Restaurant Takes Last Space at The Shops at Hillcrest
12/30/09
The Shops at Hillcrest in San Diego now stands at 100 percent leased thanks to a recent 10-year lease by Thanh V. Nguyen and Cynthia Vu, dba Pho Fifth Avenue, for 2.1k sf of space. The property is located at 3807 5th Ave, sou...
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• Restaurant Tenant has Rendezvous at Residence Inn Marriott
12/29/09
In a downtown San Diego retail lease, Portola LLC, dba Gaslamp Rendezvous, has signed a 10-year, $1.4 mil deal for 3k sf ($3.89/sf/mo) of ground floor retail space at the new Residence Inn Marriott, located at 551 J St, west ...
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• Pasadena Project Lands $36 Mil in New Financing
12/21/09
Newport Beach-based CT/KDF Community Development Partners LLC has closed $36 mil in new financing for the Raymond Renaissance project in Pasadena. Located at 121-129 N. Raymond Ave, in the heart of Downtown Pasadena at the c...
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• The Americana at Brand Receives Gold Award from ICSC
12/17/09
Caruso Affiliated’s The Americana at Brand mixed-use development in Glendale has won a Gold U.S. Design and Development Award the International Council of Shopping Centers Inc. (ICSC) in its inaugural U.S. Design and Developm...
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• HFF Locks Up $16 Mil Refi for CO Retail Property
12/16/09
In a notable retail financing deal from last month, the LA office of HFF (Holliday Fenoglio Fowler, L.P.) secured a $16 mil refi for Bear Valley Shopping Center, a 300k sf+ shopping center in Denver, CO. Located at 3100-3200 ...
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• OC Firm Closes $20 Mil Inland Empire Retail Buy
12/15/09
Newport Beach-based Stoneridge Capital Partners has acquired The Village at Indian Wells from A&B Properties Inc, the real estate subsidiary of Alexander & Baldwin Inc, in a $20 mil all-cash transaction. The purchase is part ...
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• Retail Briefs
12/14/09
BELLFLOWER (Los Angeles County) – A private investor paid $2.1 mil for Bellflower Plaza, a 12.2k sf ($172/sf) multi-tenant strip center located at 17141-17167 Bellflower Blvd. The property is situated on a 0.66-acre lot and ...
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• New $25 Mil TravelCenter Opens at Tejon Ranch
12/10/09
A new $25 mil TravelCenters of America (TA) retail facility just opened to the public within Tejon Industrial Complex (TIC) at the Laval Rd exit off I- 5, just south of the Hwy 99 junction. This strategic site is positioned t...
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• West Hollywood Retail Property Trades for $900/sf
12/09/09
After more than a year of litigation, a prime West Hollywood retail property owned by Joey Bishop Productions Inc was sold in an estate sale for $6.2 mil, or about $900/sf. The buyer was Sakhi Properties LLC, which acquired t...
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• Retail Activity Review
12/03/09
SAN DIEGO (San Diego County) -- HSBC Bank USA, National Association has signed a 10-year lease for 2.5k sf of ground floor retail space at 225 Broadway in the city’s downtown area. The building, a 22-story, 346.3k sf office ...
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