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• San Gabriel Valley Shopping Center Fetches Over $15 Mil
9/26/12
San Dimas Station, a 149k sf shopping center in the eastern San Gabriel Valley city of San Dimas, traded hands at a price of $15.75 mil, which works out to $106/sf. It was purchased by a local private investor from a NoCal-ba...
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• Primestor Breaks Ground on New 350k sf Southgate Retail Center
9/24/12
Primestor Development has begun construction on Azalea Shopping Center, a new 350k sf retail project on the northwest corner of Atlantic Ave and Firestone Blvd in the southern LA County city of Southgate. Designed by Nadel Ar...
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• Crow Holdings Acquires 68k sf CO Retail Center
9/21/12
A private real estate fund advised by Crow Holdings Capital Partners L.L.C has purchased The Whole Foods Center, a 68.3k sf, two-tenant retail center in Fort Collins, Colorado. The buyer assumed an existing CMBS loan.
Whole ...
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• Kennedy Wilson and Partners Purchase 209k sf Retail Center in Utah
9/19/12
A Kennedy-Wilson-led investment partnership acquired a 209.3k sf, multi-tenant retail center in Orem, Utah. This purchase follows two other, recent retail real estate purchases by the company and its investment partners, incl...
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• HFF Arranges $27 Mil for SoCal Retail Center
9/18/12
KIR Torrance L.P. has obtained a $27.6 mil refi for Torrance Promenade, a 269k sf retail power center in the city of Torrance. The 10-year, fixed-rate loan was arranged by HFF and funded through a life insurance company.
T...
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• Johnson Capital Arranges $23 Mil in Refi Money on 88k sf Mixed-Use Property
9/17/12
Scott Monroe, Senior Vice President at Johnson Capital, has arranged a $23 mil refinance loan secured by a new mixed-use complex in Austin, TX.
The property was built in 2009 by a major regional retail developer based in A...
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Executive Subscriber Price: Free
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• Phoenix Single-Tenant Bank Property Fetches Over $2,200/sf
9/14/12
A single-tenant, retail property NNN leased to Wells Fargo Bank in Phoenix, AZ sold for $9.15 mil. The transaction works out to $2,231/sf, the highest PPSF for a bank-occupied property in 2012 nationwide. It also set a new na...
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• DJM Capital Partners Lists 962k sf Retail Portfolio
9/13/12
DJM Capital Partners (DJM) is marketing for sale a four-property, 962k sf retail portfolio in Southern California. DJM has retained HFF to handle the marketing efforts for the predominately grocery-anchored properties, known ...
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• Microbrewery Leases Kearny Mesa Space
9/11/12
Helm’s Brewing Company, a new locally-owned and operated microbrewery founded by four San Diego executives, will debut this fall within Cabrillo Commerce Center in Kearny Mesa after signing a lease for 3k sf of retail space.
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• Johnson Capital Arranges $2 Mil Refi on OR Shopping Center
9/07/12
Don Burnes, Senior Vice President in Johnson Capital’s Phoenix office, has assisted one of his retail center investment clients in arranging a new $2 mil first mortgage secured by the Oak Park Shopping Center in Salem, OR. Th...
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Executive Subscriber Price: Free
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• CorAmerica Capital Venture Purchases 250k sf Retail Center in the San Fernando Valley
9/06/12
A CorAmerica Capital-led joint venture has acquired Nordhoff Plaza, a 254k sf community retail center in Northridge, a Los Angeles submarket in the western San Fernando Valley. The total project capitalization is approximate...
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• Donahue Schriber Underway With 900k sf of Retail Space Just Outside of Sacramento
9/05/12
Donahue Schriber has begun construction on Rocklin Crossings, a 543.5k sf power center located at the southeast quadrant of Sierra College Blvd and I-80 in Rocklin, roughly 20 miles northeast of Sacramento.
Rocklin Crossings...
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• Lee & Associates Inland Empire North to Handle Leasing and Asset Management for Barstow Outlets
9/04/12
Lee & Associates Inland Empire North has been named the exclusive leasing representative and asset manager of the 328.3k sf Barstow Outlets in Barstow. The Barstow Outlets is comprised of 24 free-standing buildings along a la...
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• Philips Edison-Arc spends $12.7 Mil on Tucson Retail Asset
8/31/12
Shopping center REIT Philips Edison-Arc has purchased an 83.6k sf portion of Broadway Plaza Shopping Center, a 464.9k sf multi-tenant retail asset located at 7701-7895 E Broadway Blvd in Tucson, AZ. The asset sold for $12.7 m...
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• LandMark Retail Group Completes Two New SoCal CVS/Pharmacy Stores
8/30/12
LandMark Retail Group has completed the development of two SoCal CVS/Pharmacy stores, in Bakersfield and in Palmdale. Since 2007, the firm has developed 30 stores in California and has 12 additional opening scheduled for this...
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• Zelman / Carltas Venture Lands $43 Mil Refi of Encinitas Power Center
8/29/12
A Zelman Development Company / Carltas Company joint venture has obtained a $43 mil refi loan on The Plaza at Encinitas Ranch, a 145.3k sf power retail center in Encinitas. The 13-year, fixed-rate loan was arranged by an HFF ...
Price: $4.99
Executive Subscriber Price: Free
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• Vegas Seafood Buffet Bets on Hollywood Retail Space
8/29/12
Vegas Seafood Buffet will make Hollywood home to the restaurant’s second location, after inking a $2.7 mil lease for a 12.2k sf retail space at Galaxy Center along the iconic Hollywood Walk of Fame. The popular restaurant, kn...
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• Desirable Ground Floor Retail Space in LA’s South Park Hits the Market
8/28/12
In news of a high-profile retail listing in downtown Los Angeles to hit the market, Carlos J. Lopez, President of HI Urban Retail Advisors, is shopping the 60k sf ground-floor retail portion of the Market Lofts development. S...
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• Ashley Furniture Completes Renovation of Former Wickes into Chain’s 14th Location
8/27/12
Construction was just completed on the conversion of a 50k sf, former Wickes Furniture building at Market Place Shopping Center in Oxnard into an Ashley Furniture HomeStore. The Hodgdon Group handled all entitlements and serv...
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• 1st Commercial Realty Group Awarded Management Assignment for Chino Spectrum Marketplace
8/24/12
1st Commercial Realty Group was recently awarded the property management assignment for Chino Spectrum Marketplace, a 580k sf retail center located in Chino Hills. Located at Hwy 71 and Grand Ave, this centrally located power...
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Executive Subscriber Price: Free
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