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March 29, 2024
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RETAIL NEWS
Archive
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• Two South Bay NNN-Leased BofA Sites Sell for $4.56 Mil
4/14/17
Two SoCal Bank of America, NNN-leased retail properties were sold in separate deals that totaled $4.56 mil. The assets, which were acquired by different private investors, are located in the LA South Bay cities of Torrance a...
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• Long Beach Investor Spends $69.5 Mil on Santa Clarita Retail Center
4/13/17
Galois Group has purchased Gateway Village Shopping Center, 153.7k sf neighborhood retail center in Santa Clarita, for $69.5 mil ($452/sf) in an off-market transaction. Built in 2005, the property is located at 28207-28313 Ne...
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• New Sprouts-Anchored Retail Center in Glendora Slated for Completion by Summer
4/12/17
Champion Real Estate has started construction on a new, 30k sf Sprouts Farmers Market in the San Gabriel Valley city of Glendora. The store, located at 655 S. Grand Ave, is part of a vacant, 85.6k sf grocery store that Champi...
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• Newly Constructed Starbucks in Norwalk Sells for Over $2,000/sf
4/11/17
A newly constructed 1.9k sf, single-tenant NNN-leased Starbucks drive-through in Norwalk was acquired by a 1031 exchange investor in a recent deal valued at $3.85 mil. The transaction works out to $2,081/sf and had a cap rate...
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• West Elm Inks Lease for 11k sf Store in Solana Beach’s Design District
4/07/17
West Elm has inked a lease for a new store in the in the heart of Solana Beach’s eclectic Cedro’s Design District in North San Diego County. The new store, expected to open by fall of this year, will be the anchor retailer at...
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• Private Investor Pays $231/sf for Lancaster Retail Asset
4/05/17
A 20.1k sf retail property occupied by Learn4Life charter school in Lancaster has sold in a recent $4.65 mil ($231/sf) investment buy. The property is located at 44130 20th Street West, south of West Avenue J on the east side...
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• First Quarter 2017 Review of Phoenix Retail Market
4/04/17
The Phoenix retail market kicked off 2017 with strong leasing activity, rising net absorption, and steady rental rates, according to the latest research from real estate services firm Kidder Mathews. Total vacancy decreased b...
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• Historic Woolworth Building in Downtown Glendale Lands Trio of New Tenants
3/31/17
There have been three leases to report at the newly renovated historic Woolworth building in the heart of downtown Glendale. The leases total 18.6k sf and include two ground-floor restaurant tenants, 85°C Bakery Cafe and The ...
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• Two Outparcels at the Mall of Victor Valley Sell for Over $4 Mil
3/31/17
Two outparcels at the entrance to the Mall of Victor Valley in Victorville have sold for a combined total of $4.2 mil. The Mall of Victor Valley is the dominant regional mall serving Southern California’s High Desert region,...
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• Scott Blankenship and Kathleen “KT” Taylor Join CBRE
3/30/17
Scott Blankenship and Kathleen “KT” Taylor are joining CBRE in the firm’s Downtown Seattle office to complement its Seattle-area retail leasing business. Blankenship is joining the company as Senior Vice President, while Tayl...
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• Santa Monica Retail Building Refinanced with $12.6 Mil Life Co Loan
3/29/17
HFF has arranged a $12.6 million refi loan on 3202-3212 Wilshire Boulevard, a 28k sf, 100%-occupied retail building with subterranean parking in Santa Monica. The borrower is a local family office advised by The Luzzatto Com...
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• Champion Real Estate Picks Up Value-Add Asset in LA’s Echo Park Area
3/27/17
Champion Real Estate Company recently spent $9.5 mil on a value-add retail acquisition in Los Angeles’ Echo Park neighborhood. Champion plans to revitalize and rebrand the existing collection of dilapidated retail buildings i...
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• Golden Corral Inks Lease for New Restaurant Location in Ontario
3/24/17
Golden Corral has inked a lease for a 12.9k sf restaurant within the Kmart-anchored Vineyard Freeway Center in Ontario. From what we understand, the 15-year deal has a value around $3 mil, which divides out to $1.29/sf/mo. ...
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• $9 Mil Renovation Completed at Chula Vista Retail Center
3/23/17
Brixton Capital has completed work on its newly revamped Gateway Marketplace, a 109.2k sf retail center in Chula Vista. The center sits on 8.8 acres at Fourth Avenue and C St. San Diego-based SCA Architecture handled the plan...
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• Balboa Retail Partners Affiliate Buys 821k sf OR Retail Center
3/17/17
An affiliate of Balboa Retail Partners, out of Los Angeles, has purchased Shoppes at Gateway, an 821.6k sf, institutional-quality grocery-anchored retail center in Springfield, OR. The asset, located at 3000 Gateway St, was s...
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• Leasehold Interest in South OC Retail Center Sells for $9 Mil
3/14/17
A private investor has paid $9 mil for the leasehold interest in Lake Forest Marketplace shopping center, a 110.3k sf neighborhood retail center in Lake Forest. It was sold by The Kutzer Company and OPC Acquisition 2 LLC. La...
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• Optimus Properties Secures $30 Mil Refi on La Puente Retail Center
3/14/17
Optimus Properties LLC recently secured a $30 mil refi loan on Plaza de Hacienda, a 156k sf, grocery-anchored retail center that the company owns in the La Puente submarket of Los Angeles. Optimus plans to perform capital im...
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• 63-Property Portfolio Trades in $127 Mil Deal
3/09/17
Sansome Pacific and the Fortress Investment Group closed on the acquisition of a 63-property retail portfolio for $127 mil. The assets, sold by Zurich Alternative Asset Management, are spread across 15 states. The proper...
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• Pomona Rite Aid Sells for $290/sf
3/09/17
Temple City-based FC Investment LLC paid $4.85 mil for a 16.7k sf, single-tenant triple-net leased property occupied by Rite Aid in Pomona. The deal came in at a price of $290/sf and a cap rate of 5.92%. Built in 1998, the p...
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• Leasehold Interest in Pasadena Retail Asset Trades for $29.5 Mil
3/08/17
Federal Realty Investment Trust has acquired the leasehold interest for Hastings Ranch Shopping Center in Pasadena for $29.5 mil in an all-cash deal. The 273.6k sf center is located at 3801 E. Foothill Blvd, east of Rosemead ...
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1  ...  56.95  | 57.95  | 58.95  | 59.95  | 60.95  |  61.95  | 62.95  | 63.95  | 64.95  | 65.95  ...  223
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