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• Conejo Valley Orchard Supply Hardware Location Trades for Record Price
6/15/15
St. Paul, Minnesota-based Oppidan Investment Company has paid $16.75 mil for a 43.1k sf ($389/sf) Orchard Supply Hardware (OSH) location in Thousand Oaks, in a transaction we’re told ranks as the highest price ever paid on a ...
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• Haggen Inc Sells 39 Grocery Stores on the West Coast
6/15/15
Haggen Inc has completed the sale / leaseback of two separate portfolios totaling 39 Haggen Food & Pharmacy grocery stores in the west coast states of WA, OR and CA. Haggen entered into long-term leases for the stores with th...
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• Costa Mesa Retail Property Trades for $674/sf
6/12/15
A freestanding 2.3k sf retail building on an 8.8k sf land parcel in Costa Mesa sold for $1.55 mil ($674/sf). Flooring America, a provider of carpet tile, hardwood, marble flooring and countertops, currently occupies the build...
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• Landmark OC Coastal Site Sells
6/08/15
A landmark SoCal coastal property in Huntington Beach, home to the Don the Beachcomber restaurant, sold for $5 mil. The one and three-quarter-acre parcel is located at 16278 Pacific Coast Highway.
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• Tri-Cities Retail Center Trades at a Hefty Price
6/05/15
A CBRE Global Investors-advised fund recently closed on the purchase of Gateway at Burbank, a 74.4k sf, two-building grocery-anchored shopping center in Burbank. Although the actual price has not been given out, the deal repo...
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• Gold’s Gym Opens New Monterey Location
6/02/15
Gold’s Gym has leased 17.7k sf of end cap space for a new health club location along California’s central coast in Monterey at the Del Monte Shopping Center.
Owned by Balboa Retail Partners LLC, Del Monte Shopping Center is...
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• Seven Retailers Sign at New Hesperia Shopping Center
5/28/15
Pacific/Lewis Properties has signed seven new leases totaling 19.6k sf at The Marketplace on Main shopping center in Hesperia. The recently opened Wal-Mart-anchored center is located at 13401 Main St, at the southeast corne...
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• Fresh & Easy-Anchored Center in Palm Springs Sells for Over $10 Mil
5/27/15
A private investor in a 1031 exchange paid $10.2 mil for Sunrise Center, a 49k sf ($206/sf) Fresh & Easy Market-anchored shopping center in Palm Springs. The purchase was financed with a $7.1 mil loan arranged by Marcus & Mil...
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• JH Real Estate Partners Spends $43 Mil on NoHo Commons Retail Center
5/27/15
JH Real Estate Partners has acquired NoHo Commons retail center for $43 mil, or $706/sf. The 60.9k sf project is located at 5300 Lankershim Blvd in North Hollywood, across the street from the Magnolia/Lankershim Red Line Metr...
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• Investor Pays Over $200/sf For Retail Asset in San Diego’s Midway District
5/21/15
Midway Village Shopping Center, a 29.7k sf retail property in San Diego, sold for $6.2 mil ($209/sf). The center is located at 3146-3194 Midway Dr, on the west side of I-8. It is just north of San Diego International Airport,...
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• Kennedy Wilson Named Leasing Firm for Retail Portion of Downtown LA Mixed-Use Development
5/21/15
Beijing-based Oceanwide Real Estate Group has named Kennedy Wilson as the exclusive leasing agent for 166.6k sf of retail and restaurant space at Oceanwide Plaza, a $1 bil mixed-use complex currently under construction in Dow...
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• Showplace ICON Theatre to Open Its First Western US Location in West San Jose
5/18/15
Kerasotes Showplace Theatres has leased 62.2k sf of space for a brand new, modern upscale movie theatre at the popular Westfield Valley Fair Mall in west San Jose. The lease is for the company’s ShowPlace Icon Theatre, a fair...
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• 40-Year-Old Kirkland, WA Retail Center to Undergo $200 Mil Renovation that Will More than Double Its Size
5/18/15
A joint venture partnership between CenterCal and PCCP LLC has acquired Totem Lake Mall, a 291k sf retail center in Kirkland, WA. The new ownership, Village at Totem Lake LLC, plans to redevelop the 40-year old property into ...
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• The Klub Jumps into Unique Frogtown Space
5/18/15
The Klub, a popular gymnastics and sports training organization, recently leased a 40k sf, 1940s-era airplane hangar along Riverside Dr in a section of Los Angeles known as Frogtown, adjacent to the communites of Glassell Par...
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• Tesla Leases 23k sf OC Space for Dealership
5/15/15
Tesla Motors inked a seven-year lease for a new, 23k sf dealership in Buena Park. Tesla has already taken possession of the site and will be making significant improvements to effectively sell and service its premium electric...
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• Anaheim Starbucks Trades at a 3.27% Cap Rate
5/15/15
A single-tenant, net-leased retail property in Anaheim fetched $2.9 mil in a recent sale. The property, situtated on a 0.79-acre site at 1200 Harbor Blvd, at the intersection with Hwy 91, is occupied by Starbucks on a long-te...
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• La Quinta Bank Branch Property Sells for $500/sf
5/14/15
Izumi Trust paid $1.7 mil, all-cash for a 3.4k sf ($500/sf) bank branch in La Quinta occupied by Provident, with four years remaining the lease term. The property closed at a cap rate of 5.12 percent.
Located on Hwy 111 and ...
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• Smart & Final Inks Anchor Lease at Phoenix Shopping Center
5/13/15
Smart & Final Extra has inked a 15-year lease for a 28.2k sf anchor space at Pueblo Point, a 54.4k sf shopping center in Phoenix. The property, located at 13823 N. Tatum Blvd, is owned by Westwood Financial Corp, one of the l...
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• Capital Square Realty Advisors Buys West Covina Retail Asset
5/13/15
Capital Square Realty Advisors LLC announced today it has acquired a 37.5k sf retail building in the San Gabriel Valley city of West Covina, roughly 20 miles east of downtown Los Angeles. The property, located at 1530 W. Covi...
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• Inland Empire Enjoying Robust Retail Growth
5/12/15
2015 is already shaping up to be a robust year of retail expansion in San Bernardino County as national retailers seek out quality space and developers continue to build new centers to accommodate ongoing population growth.
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