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• NorthMarq Arranges Moonlite Rendezvous in Santa Clara
6/15/09
Jeffrey Weidell of NorthMarq Capital’s San Francisco office arranged an $11.087 mil first mortgage for Moonlite Shopping Center, located at the southeast corner of Kiely and El Camino Real in Santa Clara. Major tenants at the...
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• Mountain View Tire Rolls into New Murrieta Location
6/10/09
Two recent SoCal retail leases totaled up to $6.2 mil in value. The tenants in both deals were represented by Irwin Hyman of NAI Capital.
In one transaction, Mountain View Tire & Service inked a 20-year, $4.16 mil lease for ...
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• Scripps Ranch Retail Center Re-Opens after $4 Mil Renovation Program
6/09/09
A 70.7k sf shopping center in San Diego’s Scripps Ranch area has been re-opened to the public after having undergone a $4 mil renovation program. The property, called SR Ranch Shopping Center, is owned by Coast Income Propert...
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• Retail Briefs
6/05/09
SAN DIEGO (San Diego County) -- Spa Gregorie’s LLC inked a 67-month, $1.21 mil lease for 6.5k sf ($2.78/sf/mo) of retail space at Flower Hill Promenade, located at 2710 Via de la Valle. The lease brings Flower Hill Promenade ...
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• NoCal Retail Briefs
6/04/09
ROHNERT PARK (Sonoma County) – Driven Raceway, an indoor go-kart racing and entertainment facility, inked a lease for 36.3k sf of retail space at the Wal-Mart Plaza Shopping Center, located on Redwood Dr. Driven Raceway has r...
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• Long Beach Retail Property Sells for $3.5 Mil
6/02/09
A 24.8k sf street-front retail building in the city of Long Beach was acquired by a local family trust for $3.5 mil, or about $140/sf. The asset is located at the intersection of 3rd St and Pine Ave in the heart of the city’s...
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• Chandler Investor Shops at Wal-Mart Marketside
6/01/09
Here’s the scoop on an interesting retail sale from Arizona, as a 17.1k sf Wal-Mart Marketside grocery store in Chandler sold for $5.4 mil ($316/sf). The property is situated on 2.4 acres at 950 North McQueen Rd, south of Ray...
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• Coreland Awarded 1 msf of Management Contracts Over Past Four Months
5/29/09
Tustin-based Coreland Companies was awarded over 1 msf in property management contracts within the last four months. Nearly half of the new assignments are on behalf of state court-appointed receivers.
Coreland was awarded...
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• Cathedral City Multiplex Fetches $12 Mil
5/28/09
In a notable Inland Empire retail deal, the Mary Pickford Cineplex, a 66.7k sf single-tenant net-leased property in Cathedral City, sold for $12.1 mil ($235/sf). The property was constructed in 2001 and is located at 36850 Pi...
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• New Carlsbad Retail Center Gets Underway
5/27/09
Construction is underway on a new 75k sf, two-story retail center in Carlsbad that promises residents in San Diego’s North County area a mix of desirable restaurants and shopping choices. Called Paseo Carlsbad, the project is...
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• Argent Lands 2 msf of SoCal Retail Leasing Assignments
5/21/09
Dana Point-based Argent Retail Advisors recently inked 2 msf of new retail leasing assignments throughout Southern California on behalf of a number of major landlords in the region. Argent, led by Principal Terry Bortnick and...
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• Investor Exchanges into Lake Forest Jack-in-the-Box
5/20/09
The south OC city of Lake Forest recently saw two notable retail transactions, a sale and a lease. In one of the deals, an investor acquired a 2.8k sf Jack-in-the-Box property located at 20101 Lake Forest Dr, just south of th...
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• Artesia Retail Property Sells for $3.8 Mil
5/19/09
Gridley Plaza, a 30.7k sf retail property in the SoCal city of Artesia, sold in a recent transaction valued at $3.75 mil ($122/sf). The property is located on 1.74 acres at 18300 Gridley Rd, on the southeast corner of Gridley...
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• Retail Investors Find Paradise in Phoenix
5/14/09
Macerich, the Santa Monica-based mall owner/operator, sold four ground-leased single-tenant retail properties at the Paradise Valley Mall in Phoenix for a total of $4.6 mil. The properties include Arby’s/Wendy’s, Jared Galler...
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• Fresh Mexican Grill Comes to Mira Mesa while Mexican Café to Remain in Old Town
5/13/09
For those of you who like to keep on top of retail deal comps from San Diego, we’ve got three recent transactions from the county to report on. Two of the deals are leases, while the third is a sale.
And in Mira Mesa, El Por...
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• Townhouse Restaurant & Wine Bar Comes to the Sherman Oaks Galleria
5/12/09
There was a notable restaurant signing at the Sherman Oaks Galleria, the iconic office and entertainment complex at the corner of Ventura and Sepulveda Blvds in the San Fernando Valley that was completely redeveloped a few ye...
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• Downtown SD is the Place for Ace
5/08/09
Ace hardware is the latest retailer to locate in downtown San Diego, after inking a 10-year, $3.53 mil lease for 8.3k sf ($3.54/sf/mo) of space at The Lofts at 655 G St. Ace’s new location is located at 675 Sixth Ave, in down...
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• LA Buyer Finds Retail Investing to Be Fresh & Easy
5/07/09
A 15k sf single-tenant retail building occupied by Fresh & Easy Neighborhood Market in Loma Linda was acquired by an LA-based partnership for $2.865 mil ($191/sf). The property, which was just constructed in 2009, is situated...
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• Hampton Inn & Suites at Turner Riverwalk Gets Underway
5/06/09
Construction is underway on a 132-room Hampton Inn & Suites at Turner Development Corporation’s Turner Riverwalk, a 1 msf master-planned business park in Riverside. Sun Development and Management Corporation is the developer...
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• Retail Briefs
5/05/09
COSTA MESA (Orange County) -- Ducati Newport Beach inked a 10-year lease for 8.4k sf of space at 1601 Newport Blvd, at the intersection with 16th St. Ducati Newport Beach will offer Ducati brand motorcycles, parts, and relat...
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