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May 31, 2023
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• NewMark Merrillís Sandy Sigal Honored by California Business Properties Association
Sandy Sigal, President and CEO of NewMark Merrill Companies, was honored by California Business Properties Association (CBPA) with the Ernest W. Hahn Award during its Awards Dinner on March 24. NewMark Merrill is a Woodland ...
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• Circle K-Anchored Center in the Inland Empire Gets Traded for $8 Mil
The Grove, a 39.3k sf, Circle K-anchored neighborhood center in Redlands, sold for $8 mil. The property is located at 1542-1598 Orange St, at the signalized intersection of Orange St and San Bernardino Ave, just minutes from ...
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• San Marcos Retail Property Gets New Owner in $9.4 Mil Deal
Galleria Vera Cruz, a 28.5k sf, value-add retail strip center in San Marcos, sold for $9.45 mil ($331.50/sf). Originally constructed in 1986, Galleria Vera Cruz is 95% leased to a mix of local food, health and beauty and fina...
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• Private Investor Exchanges $11 Mil into Two Inland Empire Retail Pad Buildings
A Beverly Hills-based, private 1031 exchange investor paid $11 mil for two multi-tenant retail pad buildings totaling 13.5k sf ($815/sf) at Highland Village Shopping Center, a new Sprouts-anchored shopping center in Fontana. ...
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• Alhambra Restaurant Property Goes for $800/sf
A family trust paid $3.525 mil for a 4.4k sf ($810/sf) restaurant building in Alhambra. The property is located at 201 W. Main St, in the West San Gabriel Valley. Built in 1964, the free-standing restaurant is situated in t...
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• California Investor Spends $2.3 Mil for 7-Eleven Property in the East Bay
A 2.4k sf 7-Eleven convenience store/gas station property in the East Bay was acquired by a CA-based private investor for $2.3 mil. Located at 3868 Delaware Dr in Fremont, the property traded at a 3.25% cap rate. 7-Eleven h...
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• JH Real Estate Partners Wraps Up $70 Mil Inland Empire Retail Buy
In a major retail buy in the Inland Empire, JH Real Estate Partners Inc paid $70.5 mil for Inland Empire Center, a 309.5k sf ($228/sf) asset in Fontana. The property was sold by The Baralat Company, a Westlake Village-based r...
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• Retail Asset in L.A.ís East Hollywood Area Trades for Over $700/sf
The Gershwin Lofts Retail @ Hollywood, a 42.9k sf, urban retail center in Los Angeles, was acquired by Hollywood Holdings, an LA-based private family investment entity, for $30.4 mil ($709/sf). Located at 5501-5521 Hollywoo...
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• CA Investor Picks Up 95k sf Retail Asset in Midland, Texas
A CA-based private investor paid $5.98 mil for a 94.6k sf ($63/sf), two-tenant retail property in Midland, TX. The fully occupied asset, located at 3200 N Loop 250 W, includes national credit retailers, Kohlís and Crunch Fitn...
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• Reliable Properties Pays Over $44 Mil for Retail Asset in Los Angeles
Reliable Properties has acquired Washington Plaza, a 136.9k sf, grocery-anchored shopping center located on an entire city block in Downtown Los Angeles, for $44.75 mil ($327/sf). The property was sold by SoCal-based Eagles N...
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• New Habit Burger Grill in the Inland Empire Sells for almost $1,700/sf
A newly constructed, single-tenant Habit Burger Grill drive-thru property in Palm Desert sold for $4.57 mil. The 2.7k sf ($1,692/sf) property sits on 0.91 acres at 73320 Dinah Shore Dr, at the newly developed Monterey Crossin...
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• High-End Beverly Hills Retail Parcel Lands $38 Mil in Financing
An unnamed family real estate investment entity has obtained $38 mil in financing for the fee simple interest in a parcel located at the prominent corner of Rodeo Drive and Brighton Way in the heart of the Beverly Hills luxur...
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• Brixton Capital Acquires 206k sf Former Dillardís Store at Provo Town Center
Brixton Capital has purchased the Dillardís building and land parcel located at Brixtonís Provo Towne Center in Provo, UT for an undisclosed sum. The 206.2k sf, two-story building on 12.5 acres was sold by Little Rock, AK-bas...
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• Inland Empire Retail Center Sees Five Signings totaling 22k sf of Space
There have been five new lease signings totaling 21.8k sf to report at Corona Hills Plaza. These latest deals bring the center to 97% leased. The popular outdoor regional center is located adjacent to the heavily traveled...
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• NoCal Single-Tenant Asset Trades for $525/sf
A Honolulu, Hawaii-based investor has purchased a new construction, single-tenant net-leased retail property occupied by The Learning Center at the Lucky supermarket-anchored shopping center the Solano County city of Vacavill...
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•  Bay Area Retail Center Goes for Over $600/sf
El Gato Village Shopping Center, a 58.5k sf shopping center in Los Gatos, was acquired by a privately held real estate investment and development company for $36 mil ($615/sf). The center consists of 20 rental units and is lo...
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• Huntington Beach Retail Center Sells for $23.5 Mil
Goldenwest & Bolsa, a 63.3k sf shopping center in Huntington Beach, traded hands in a $23.5 mil ($371/sf) deal. The property covers six acres at 15031 Goldenwest St, at the high-traffic intersection of Goldenwest St and Bolsa...
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• Developer Sells Portfolio of 13 CVS-Occupied Properties in Deals Totaling $90 Mil
A portfolio of 13 CVS-occupied properties sold in multiple transactions totaling $90 mil. The properties, which total just under 195k sf, are located in the states of Arizona, Texas, Virginia, South Carolina, Idaho, Louisiana...
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• Rhino Investments Group Buys Sacramento Retail Center
Rhino Investments Group acquired Arden Square, a 100.2k sf neighborhood retail center anchored by BevMo!, Jo-Ann and OfficeMax in Sacramento. The property was sold by Raith Capital Partners. Constructed in 1961, Arden Squar...
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• Phoenix Raising Caneís Trades at $2,500/sf
A 3.6k sf, single-tenant Raising Caneís in Phoenix, AZ, traded for $9 mil, or $2,500/sf. The sale came in at a 3.72% cap rate, setting price and cap rate records for a Raising Caneís, weíre told. Built in 2018, the property ...
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