| Los Angeles Westside Retail Property Trades for over $1,000/sf
Triangle Center, a 16.1k sf retail property situated in Culver City and Los Angeles, was purchased for $17.5 mil ($1,087/sf) by foreign-based Bastion Development Corp.
The property is located at 12717-12761 Washington Blvd ...
| Ground-Leased Raising Cane’s Restaurant Sells for $5.5 Mil
A Redondo Beach-based private investor paid $5.48 mil for a ground-leased Raising Cane’s property in Laguna Hills. According to Costar, the transaction is the first sale of a single-tenant Raising Cane’s in California.
| Retail Property in San Diego’s Gaslamp Quarter Fetches Over $1,100/sf
A 17.5k sf retail property in San Diego’s Gaslamp Quarter sold for $19.85 mil, or $1,134/sf. The three-unit property, located at 643-653 and 665 5th Ave, on the corner with G St, is the long-time home to Ghirardelli Cafe and ...
| Retail Project in Northern San Diego County Secures $7.4 Mil in Construction Money
Ambient Communities secured $7.46 mil in construction financing for San Elijo Hills Town Center Phase I, which is part of the San Elijo Hills master-planned community near San Diego.
Located in San Marcos, in northern San Di...
| Regional Shopping Center Asset in Utah Trades for $142 Mil
The Shops at Fort Union, a 688.5k sf portion of the over 830k sf regional shopping center in Midvale, UT, has sold for $142 mil ($206/sf). The 86% occupied center is home to a number of national retailers including Smith’s Fo...
| Vestar Spends $87 Mil on Vegas Retail Center
Vestar has purchased Best in the West, a 465k sf retail center in Las Vegas, NV, in a deal worth $87 mil, or $187/sf. The property, located at 2192 N. Rainbow Blvd, at the intersection with Lake Mead Blvd, was sold by Weinga...
| Santa Clarita Retail Property Trades at $215/sf
A private investor paid $9.8 mil for a 45.4k sf ($215/sf) retail center in Santa Clarita. The property, located at 23300-23314 Valencia Blvd, is situated in the heart of Santa Clarita’s business-friendly retail hub.
| Rite Aid Property at the Edge of LA’s Hancock Park Goes for Almost $800/sf
A freestanding, 12.6k sf retail property in Los Angeles sold for $10 mil ($793/sf). The property, which sits on 1.08 acres at 959 Crenshaw Blvd, just north of Olympic Blvd, is currently 100% occupied by Rite Aid.
| South Bay Retail Center Acquired by Exchange Buyer in $21 Mil Deal
In a recent retail investment comp out of LA’s South Bay region, a private 1031 exchange investor paid $21 mil for Southwood Village, a 67k sf ($313/sf) neighborhood retail center in Torrance.
Situated on just over 5.5 acres...
| 3D Investments Purchases 278k sf NV Retail Asset from Brixmor Property Group
3D Investments has purchased Galleria Commons, a fully occupied, 278.4k sf shopping center situated on nearly 23 acres in Henderson, NV. The asset was sold by Brixmor Property Group.
Built in 1997 and located at 470-510, 550...
| NoCal Investor Pays $9.6 Mil for Turlock Hobby Lobby
A newly constructed, 55k sf Hobby Lobby in Turlock, CA sold for $9.57 mil ($174/sf). The building is located at 3701 Countryside Dr, and is adjacent to Monte Vista Crossing, an area with the largest concentration of retail de...
| Private Investor Buys 35k sf Bay Area Retail Property
Windsor Square, a 35k sf shopping center located in the Washington Manor neighborhood of San Leandro was acquired by an unnamed private investor.
Located at 1960 Lewelling Blvd, Windsor Square is a fully leased retail center...
| Hobby Lobby Inks Lease for 59k sf Store in Oceanside
Hobby Lobby has inked a lease for a 58.6k sf store at College Plaza shopping Center in Oceanside. Terms of the lease were not disclosed.
The arts and crafts specialty retailer will backfill a significant anchor-tenant vacanc...
| Circle K and Chevron Acquire Development Parcels in the High Desert Region
We’ve got news of two parcels of land in the Inland Empire that were acquired by Circle K and Chevron in separate deals totaling $4.8 mil. Both properties are located adjacent to the heavily traveled I-15 Fwy in the High Des...
| Long Beach Wells Fargo Bank Property Sells for $1,877/sf
A 3.5k sf, retail property net-leased to Wells Fargo Bank in Long Beach has sold for $6.57 mil, or $1,877/sf.
The Wells Fargo Bank is located on half an acre at 4411 Pacific Coast Highway. The newly constructed property is ...
| Redondo Beach Coffee Bean & Tea Leaf Sells for $2,700/sf
A Redondo Beach retail property leased by a drive-through Coffee Bean & Tea Leaf sold for $4.2 mil. We’re told the deal came in at a price of over $2,700/sf and a sub-4% cap rate.
The newly constructed property, located at 2...
| U-Haul Buys Fomer Kmart Store in Lancaster for $5.2 Mil
U-Haul’s real estate arm purchased a shuttered Kmart store in the northern LA County city of Lancaster in a recent $5.2 mil transaction. The deal illustrates some of the ways retail real estate is being re-purposed in today’s...
| Private Investor Buys 80k sf Retail Center in Moreno Valley
An unnamed SoCal investor paid $5.73 mil for Lakeshore Village Marketplace, an 80k sf ($72/sf), value-add neighborhood retail center in Moreno Valley. The property was sold by two family trusts from Los Angeles.
Built in 19...
| Carlsbad Mixed-Use Property Acquired by Family Investment Entity
A private family investment entity has purchased a three-story, high-end mixed-use property comprised of retail, restaurant, creative office and residential space in the Carlsbad Village submarket of San Diego for $8.2 mil. ...
| Donahue Schriber Buys San Francisco Retail Center
Donuhue Schriber recently wrapped up a retail acquisition in San Francisco, having purchased Diamond Heights Shopping Center, a 75.6k sf grocery- and drug-anchored center. The asset was sold by an unidentified private seller....