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• Glendale Rite Aid Trades Hands at Record Cap Rate
2/02/17
A newly constructed Rite Aid pharmacy property in Glendale has sold in a transaction we’re told represents the highest price per square foot in California and lowest cap rate in Los Angeles County for Rite Aid drugstore sales...
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• Adjacent Torrance Retail Properties Purchased for $14.5 Mil by Winright Investments LLC
1/27/17
Winright Investments LLC paid $14.5 mil for two adjacent retail centers in Torrance. The assets were sold by a partnership between JSGT Fund LLC and Torrance RF LLC.
One of the properties, the Torrance Western Shopping Cente...
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• Retail Asset in L.A.’s Silver Lake Area Fetches almost $1,300/sf
1/27/17
The Silver Lake Collection, 10.5k sf of urban street-front in L.A.’s Silver Lake area, was acquired for $13.3 mil ($1,267/sf) by a subsidiary of Strategic Realty Trust Inc, a San Mateo-based real estate investment trust. Situ...
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• Arizona Mixed-Use Asset Trades for $34 Mil
1/25/17
Park West, a 46-acre, mixed-use center in Peoria, AZ, was purchased by San Diego-based CIRE Investments LLC for $34.45 mil. The property, located at the northwest corner of Loop 101 and Northern Ave, was sold by Park West LLC...
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• Brixton Capital Picks Up 55k sf Retail Property in San Diego
1/23/17
Brixton Capital purchased a 55k sf retail property in San Diego from Florida-based HH Property Holdings.The price was not given out.
The property is located at 14340 Penasquitos Dr, just west of I-15 at Carmel Mountain Rd. B...
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• OC Retail Property Trades in $4.6 Mil Deal
1/20/17
Lakeside Plaza, a 36.5k sf, neighborhood retail center in Anaheim, sold for $4.6 mil ($126/sf). The center sits on a 115k sf site at 3440-3492 East Orangethorpe Ave, north of the 91 Fwy at Lakeview Ave.
The center is a singl...
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• Bakersfield Regional Shopping Center to Undergo a Complete Renovation
1/20/17
Local developers C & C Properties Inc and MarkChris Investments intend to renovate East Hills Mall, a 414k sf regional shopping center in Bakersfield that they just acquired in December of 2016. Built in 1988 on 36.4 acres, E...
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• San Gabriel Valley Retail Property Picked up by 1031 Exchange Buyer
1/19/17
San Marino Plaza, a 22.8k sf, single-story retail center in San Marino, sold for $10.7 mil, or $469/sf, in an off-market, 1031 exchange transaction. The property is anchored Chase Bank, Chinatrust Bank and the US Post Office....
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• Vanbarton Group Buys Retail Building in San Francisco’s Union Square
1/19/17
Vanbarton Group, in a venture with one of its U.S. pension fund partners, purchased a fully occupied, 12.3k sf retail property in San Francisco’s Union Square area. The acquisition was financed with $16 mil in first mortgage ...
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• Goldman Sachs & Co Entity Buys Phoenix Retail Asset
1/18/17
Bethany Towne Center, a 305.7k sf retail property in Phoenix, was purchased by an entity formed by Manhattan-based Goldman Sachs & Co in a recent $41.3 mil ($135/sf) transaction. The property, located at the northeast corner ...
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• San Marcos Shopping Center Sells for $73 Mil
1/16/17
Campus Marketplace, a 144.1k sf shopping center in San Marcos, was acquired by an investment entity for $73.4 mil ($509/sf). The property is located at the southwest corner of Twin Oaks Valley Rd and State Route 78.
Campus M...
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• 24 Hour Fitness Leases New Space at Del Amo Crossing in Torrance
1/16/17
24 Hour Fitness has agreed to lease a freestanding, 44.7k sf fitness facility yet to be constructed at Del Amo Crossing, mixed-use complex at the busy intersection of Hawthorne and Del Amo Boulevards in Torrance. The center i...
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• Proposed Lake Elsinore Retail Project Receives City Council and Planning Commission Approval
1/10/17
Artisan Alley at The Diamond, a proposed retail development located in western Riverside County in the City of Lake Elsinore, was just awarded approval from the city council and planning commission. The project, designed by ...
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• Meridian Capital Group Arranges $28 Mil on Retail Condo Asset in San Francisco’s Union Square
1/09/17
Meridian Capital Group arranged $28.5 mil in CMBS refi money on a 12.7k sf, retail condo in downtown San Francisco. The asset, located at 166 Geary St, includes such tenants as Jimmy Choo, Suit Supply and La Perla.
166 Gear...
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• Regency Centers Collects $46 Mil from Sale of AZ Retail Center
1/09/17
Pima Crossing, a 283.3k sf retail center in Scottsdale, AZ, was purchased for $46.15 mil ($163/sf) by an entity formed by Los Angeles-based Karlin Real Estate. The asset, located on the northwest corner of Shea Blvd and Pima ...
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• Ventura County Retail Complex Sells for $28 Mil
1/06/17
An unnamed private local investor has acquired Oak Park Shopping Center, a 74.3k sf retail center in Oak Park, for $28.3 mil ($380/sf). The property, located at 604-664 Lindero Canyon Rd, at the intersection with Kanan Rd in ...
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• Private Investor Pays $374/sf for Santa Clarita Retail Property
1/04/17
In a recent SoCal retail buy, a private investor purchased Valencia Town Center Plaza, a 26.2k sf strip center located at 24510 Town Center Dr in the Santa Clarita submarket of Los Angeles, for $9.8 mil ($374/sf). The asset w...
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• San Diego Area Retail Property Sells for $11 Mil
1/04/17
Scripps Mesa Retail Center, a 25.7k sf retail property in San Diego’s Scripps Ranch submarket, traded hands in a recent $11 mil ($428/sf) deal. The property, located at 9801-9841 Mira Mesa Blvd, was purchased by the Shah Fami...
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• Starboard Realty Advisors Buys 83k sf CO Retail Property
1/03/17
In a recent CO retail investment buy, Irvine-based Starboard Realty Advisors LLC purchased an 83.3k sf shopping center, shadow-anchored by a Walmart Neighborhood Market, in the Denver metro area. The center, Arvada West Town ...
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• First Phase of Redevelopment at Inglewood Retail Center Completed
12/29/16
NewMark Merrill Companies has completed Phase 1 of the $15 mil redevelopment of Crenshaw Imperial Plaza, a 304.8k sf, neighborhood shopping center located on the southwest corner of Crenshaw Blvd and Imperial Hwy in Inglewood...
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