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Kaleidoscope Fetches $22 Mil 7/01/10 Westport Capital Partners LLC has purchased Kaleidoscope Retail Center, a 220k sf retail center in Mission Viejo, for $22 mil in an all-cash transaction. The asset, formerly known as Centerline, was sold by C-III Asset Manag...
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New Simi Valley Lifestyle Center Offered for Sale 6/30/10 Simi Valley Town Center, a newly developed, trophy lifestyle center located off the 118 Fwy in Simi Valley, has been put on the market. The Orange County and Los Angeles offices of HFF (Holliday Fenoglio Fowler) are handling ...
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Chipotle to Open New 3k sf Location at Tejon Ranch 6/29/10 Chipotle Mexican Grill has signed a long-term lease to open a new 2.9k sf location at the master-planned Tejon Industrial Complex (TIC) situated off the Laval Rd exit of I-5, just south of the Hwy 99 interchange. Chipotle’s s...
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Huntington Beach Flip-Flop Store Completed 6/28/10 Tenant improvement work has been completed on the first U.S. store for Havaianas, the popular Brazilian manufacturer of stylish and comfortable flip-flops. Inland Empire-based Hodgdon-Miank Construction handled the T.I. work ...
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2010 Construction Activity Brisk for New CVS/Long’s Drugs Stores in CA an HI 6/24/10 KZDevCo has completed construction on seven new CVS/pharmacy and Long’s Drug Stores so far in 2010, with another six stores currently under development. The total value of KZ DevCo’s projects completed and under development f...
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HFF Arranges $40 Mil on Solana Beach Towne Centre 6/22/10 HFF (Holliday Fenoglio Fowler, L.P.) has secured $40 mil in refi money for Solana Beach Towne Centre, a 250k sf, Class “A” retail community shopping center in Solana Beach. The center is located at the southwest corner of Lom...
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Retail Briefs 6/14/10 EL CENTRO (Imperial County) – An investor purchased a vacant 178.9k sf shopping center formerly known as the El Centro Mall. The property is situated on 20 acres at 1002-1150 N. Imperial Ave. The buyer, Imagine 26 Partners L...
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Retail Teams Joins San Diego Office of Grubb & Ellis 6/09/10 Anthony M.Villasenor, Ryan Gonzales and Christopher Belaire have joined the retail team at the San Diego office of Grubb & Ellis, which opened this past March. Villasenor joins as Senior Vice President, Gonzales as Senior As...
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Investor Group Buys Chino Hills Retail Center for $94.5 Mil 6/08/10 By Allen Wolfsheimer
The Shoppes at Chino Hills includes the world headquarters for Jacuzzi Brands Corp, the well-known manufacturer of hot tubs and other related products, which inked a six-year lease for 30.8k sf of office...
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San Diego County Retail Leasing Review 6/03/10 ENCINITAS -- Big Lots signed an 87-month, $3.2 mil lease for 33.3k sf ($1.10/sf/mo) of space at 333 North El Camino Real. They were repped by Matt Moser of Retail Insite, while the property owner, Encinitas PFA LLC, was repre...
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Burlington Coat Factory to Dress Up Vacant 85k sf Space at Janss Marketplace 6/02/10 By Allen Wolfsheimer
NewMark Merrill Companies and Macerich solved a sizeable vacancy at Janss Marketplace, the popular regional shopping center in Thousand Oaks, by leasing out a vacant 85k sf anchor space to Burlington Coa...
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24 Hour Fitness Opens First Burbank Location 6/01/10 Athletic club chain 24 Hour Fitness recently signed a lease for its first location in the city of Burbank. The company signed a 15-year transaction for 47k sf space at 1903 Empire Ave, north of Victory Blvd on the west side o...
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Local Investor Pays $5 Mil for LA-Area Retail Property 5/28/10 An 11.8k sf, four-tenant retail property fully occupied by Sally Beauty Supply, Payless Shoesource, West Coast Dental and Fashion Q was acquired by a LA-based buyer for $5 mil ($424/sf). Located at 14525 Lakewood Blvd, a coup...
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Retail Outlook Guarded but Optimistic 5/26/10 Nearly 70% of U.S. retailers believe that the overall economy is improving, and 92% are planning to increase store openings, according to a new survey released by CB Richard Ellis Group, Inc. (CBRE). The report, “Shop Talk - ...
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Draftsmen & Craftsmen 5/24/10 Chef Thomas Keller recently opened his third Bouchon restaurant, located in the Beverly Hills Garden Building at 235 Canon Dr, in the heart of Beverly Hills. The 14.2k sf Bouchon space includes a ground-floor reception area ...
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Central LA Retail Center to Undergo $30 Mil Upgrade 5/20/10 Capri Urban Investors is moving forward with a $30 mil upgrade for Baldwin Hills Crenshaw Plaza, an 860k sf regional mall located at 3650 Martin Luther King Blvd, at the corner of Martin Luther King Jr blvd and Crenshaw Blvd ...
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Yorba Linda Retail Property Sells for $338/sf 5/18/10 An 8k sf retail property in Yorba Linda has sold for $2.7 mil ($338/sf). The property is located at 18501-18521 Yorba Linda Blvd, a couple of blocks east of Imperial Hwy.
Built in 1975, the six-tenant shop-building is a po...
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The Ultimate Marketplace Comes to Sacramento 5/17/10 In a notable retail lease from Sacramento, The Ultimate Marketplace-ShopSmart inked a deal for a 108.3k sf freestanding building at 7660 Stockton Blvd. The property was formerly occupied by a Sam’s Club.
ShopSmart will be a...
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San Diego County Retail Briefs 5/13/10 CHULA VISTA – A private investor paid $1.56 mil for a 10.8k sf ($144/sf) single-tenant building at 410 H St occupied by Union Bank. The tenant has occupied the property since 1974 and the current lease term expires in 2012 wi...
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Retail Deals Seem to Grow on Dollar Trees 5/11/10 Dollar Tree Stores Inc signed leases for six additional SoCal locations and, over the past six months, the company has signed leases at 13 Southern California locations as part of its rapid growth initiative. The latest tran...
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