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• Newmark Realty Capital Arranges $12 Mil Retail Refi
2/18/13
Newmark Realty Capital Inc has arranged $12 mil in refi money on Santa Fe Springs Marketplace, a 100.1k sf, grocery shadow-anchored and drug store-anchored shopping center in Santa Fe Springs.
The shopping center was develo...
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• Fully Leased Torrance Retail Property Sells for $676/sf
2/14/13
A 7.4k sf retail property in the city of Torrance recently traded hands at a price of $5 mil ($676/sf). Built in 1985, the property is located at 20016 Hawthorne Blvd, just north of Del Amo Blvd.
The property has maintained ...
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• Keck Medical Center Leases 7.5k sf of Downtown LA Space for a Clinic and Pharmacy
2/13/13
Keck Medical Center of USC signed off on a 10-year lease for 7.5k sf of ground floor space in downtown Los Angeles for a healthcare clinic and pharmacy. Operating as Keck Medical Center of USC – Downtown, the clinic provides...
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• Six Walgreens Stores Trade for Over $33 Mil
2/13/13
Faris Lee Investments recently brokered the sales of six properties occupied by Walgreens, in deals totaling over $33 mil. The properties are located in TN, VA, SC, OK and TX.
Five of the properties were purchased by an East...
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• The Alison Company Arranges $10 Mil on SoCal Retail Portfolio
2/11/13
The Alison Company’s Shaun Moothart has arranged $10.15 mil in permanent financing for a SoCal portfolio consisting of four properties totaling 212k sf.
A portion of the proceeds was required for the acquisition of a grocer...
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• Two Properties within La Habra Town Center Sold Separately through Break-Up Strategy
2/08/13
Two separate properties within La Habra Town Center sold in separate transactions totaling $8.8 mil as part of a break-up strategy within the retail center. Built in 2000, the properties, located at 1820, 1950 and 1970 W. Whi...
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• Kyle Matthews Joins Colliers International as Senior VP
2/08/13
Colliers International has hired one of the region’s top retail brokerage teams, led by Kyle Matthews who will serve as Senior Vice President. Other key team members include Aron Cline, Chad Kurz, and Jordan Uttal who will se...
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• Santa Monica Retail Automotive Property Goes for $850/sf
2/07/13
A 4.7k sf retail automotive property in Santa Monica recently sold for $4 mil, or about $850/sf. The property, located at 2411 Pico Blvd was acquired by a downtown L.A. based investor as a passive investment.
The building ...
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• Henderson, NV Home Depot Purchased by LBG Realty Advisors/Aviva Investors Venture
2/06/13
A partnership of LBG Realty Advisors LLC and an affiliate of Aviva Investors North America Inc has purchased the majority and controlling interest in the Home Depot building at the Sunset Plaza shopping center in Henderson, N...
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• Retail Opportunity Investments Corp Completes $114 Mil of SoCal Retail Buys
2/05/13
Retail Opportunity Investments Corp recently purchased four SoCal shopping centers for a total value of $114 mil. All four centers are anchored by major supermarket chains and total 440k sf ($259/sf) of gross leasable space....
Price: $4.99
Executive Subscriber Price: Free
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• Excel Trust Spends $32 Mil on Large Part of NoCal Shopping Center
2/01/13
In a recent NoCal retail transaction, San Diego-based Excel Trust acquired multiple phases of Tracy Pavilion Shopping Center in the City of Tracy for an aggregate price of $32 mil. The sale involved multiple selling entities....
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• LA County Retail Briefs
1/31/13
WEST COVINA – Harbor Investment Corporation, a Nevada Corp based out of Los Angeles, purchased a single-tenant restaurant property in West Covina for $4.2 mil. The property covers 2.38 acres and is located at 1360 W. Garvey A...
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• 140k sf Ventura County Retail Center to Undergo Façade Redesign
1/30/13
Nadel Architects has completed a façade re-design for Moorpark Town Center, an existing, 140k sf shopping center in the Ventura County city of Moorpark. The renovation adds articulation and enhancement to the exterior façade ...
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• Inland Empire Chase Bank Building Trades for Over $800/sf
1/29/13
A 6.2k sf Chase Bank building in the Inland Empire city of Riverside sold for $5 mil, or $812/sf. The property, built in 1987, is situated on a single-tenant pad at 10355 Magnolia Ave, north of the 91 Fwy at Tyler St. Located...
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• Dunhill Partners Acquires Nut Tree Retail Phase I in Vacaville
1/28/13
Dallas, TX-based Dunhill Partners has purchased Nut Tree Retail Phase 1 and Nut Tree Plaza in Vacaville. The sale included 323.3k sf of retail and office space along with the Nut Tree Plaza amusement park on 30 acres. The ass...
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• DJM Wraps Up $185 Mil Recapitalization of Four-Property SoCal Retail Portfolio
1/24/13
DJM Capital Partners Inc recently completed the $185 mil recapitalization of a retail portfolio comprised of four Class A retail shopping centers in Southern California. The financing, arranged by George Smith Partners (GSP),...
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Executive Subscriber Price: Free
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• Retail Condo Property at Entrance to San Diego’s Gaslamp Quarter Sells
1/23/13
Paragon Real Estate Fund purchased the Bridgeworks Retail, an 18.6k sf retail condominium in San Diego’s historic Gaslamp Quarter. The property, located at 224-238 5th Ave, directly across the street from the San Diego Conven...
Price: $4.99
Executive Subscriber Price: Free
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• Argent Retail Adds Mike Kihm and Nick Ritch to its Growing Inland Empire Team
1/22/13
Nick Ritch and Mike Kihm have joined Argent Retail Advisors, the retail advisory and leasing firm founded by industry veteran Terry Bortnick.
Mike Kihm has also joined Argent as an Associate in the Ontario office. Kihm has b...
Price: $4.99
Executive Subscriber Price: Free
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• Investors are Actively Trading SoCal Retail Properties
1/22/13
Three SoCal retail properties were traded by private investors in separate transactions totaling over 9k sf in size and $4.4 mil in value. The deals, in Santa Ana and Ontario, were all brokered, at least in part, by Jonathan ...
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Executive Subscriber Price: Free
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• Regency Centers Pays $81 Mil for Grocery-Anchored, Infill Center in San Diego’s Hillcrest Area
1/18/13
Regency Centers Corporation, the NYSE-traded owner and operator grocery-anchored shopping centers, has acquired Uptown District Shopping Center, a 148.6k sf mixed-use retail center in San Diego’s Hillcrest neighborhood. The p...
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