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• Investor Pays $340/sf for Redondo Beach Mixed-User
8/16/16
In a recent sale transaction from LA’s South Bay region, a local private investor acquired a 17k sf, office and retail property in Redondo Beach for $5.8 mil ($341/sf). The property, located at 2772 Artesia Blvd, just east of...
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• Craft Brewery-Based Retail Project Slated for City of Lake Elsinore
8/16/16
International award-winning KTGY Architecture + Planning announced today that it has been selected by OC-based Civic Partners has selected KTGY Architecture + Planning as the designer of Artisan Alley at The Diamond, a uniqu...
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• Merlone Geier Partners Undertakes Major Renovation and Rebranding of Laguna Hills Mall
8/11/16
Construction has started on Five Lagunas, a project that includes the rebranding and renovation of the Laguna Hills Mall in Laguna Hills. The center’s rebranding to Five Lagunas pays homage to the five towns situated in close...
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• Strip Center in Phoenix Metro Area Sells for Over $2 Mil
8/10/16
A 15.5k sf, multi-tenant retail property in the Phoenix metro area sold for $2.325 mil, or $150/sf. The property, 51st & Southern, is situated on 2.26 acres at 5035 W. Southern Ave and 6115 S. 51st Ave in Laveen.
Tenants at ...
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• Yorba Linda Retail Property Purchased for $15.8 Mil by Beverly Hills Investment Entity
8/09/16
A Beverly Hills-based private investment group, an affiliate of Greenbridge Investment Partners, has acquired Home Ranch Center, a 54.2k sf, value-add neighborhood shopping center in the affluent Orange County community of Yo...
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• Regional Retail Center in Medford, OR to Be Redeveloped
8/08/16
LBG Real Estate Companies has finalized plans for the redevelopment of Medford Center, a 420k sf, regional entertainment and lifestyle shopping center in Medford, OR. LBG plans to invest over $12 mil to add more than 30k sf o...
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• Vestar Buys 94k sf AZ Retail Center
8/08/16
Vestar recently purchased Lakeview Village at Morrison Ranch, a 93.7k sf grocery-anchored neighborhood center in the Phoenix suburb of Gilbert, for $17.96 mil ($192/sf). Vestar plans to develop the available pads at the cent...
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• Phase I of 500k sf CO Lifestyle Center is Complete
8/05/16
Development has been completed on Phase I of the Village at the Peaks, a 500k sf lifestyle center in Longmont, CO. The $90 mil project, a development of NewMark Merrill Companies, is on the site of the former Twin Peaks Mall,...
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• Torrance Retail Center Trades for $7.9 Mil
8/05/16
Artesia & Prairie Center, a fully occupied, corner strip mall in Torrance, was purchased by a private investor for $7.9 mil. The 13.4k sf ($590/sf) property, located on a 51.6k sf lot at 3931 and 3971 Artesia Blvd, east of Ha...
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• Beverly Hills Investment Firm Spends $16 Mil on Nevada Retail Portfolio
8/04/16
A six-property retail portfolio in Henderson, NV was purchased by Beverly Hills-based 3D Investments LLC for $16.2 mil. The properties, known as the Eastern Marketplace Portfolio, were sold by Las Vegas-based Eastern Marketpl...
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• OC Retail Center Refinanced with $6 Mil Loan Provided by Chase Commercial Mortgage Lending
8/04/16
CBRE Capital Markets’ Debt & Structured Finance team has arranged a $6 mil refi loan on Newport Mesa Plaza, a 15k sf retail center in Costa Mesa. Located at 488 East 17th St, Newport Mesa Plaza also borders Newport Beach, one...
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• Storefront Retail Property in LA’s West Adams Heights Neighborhood Purchased by Owner/User
8/03/16
A freestanding, 22.4k sf storefront retail property in Los Angeles’ West Adams Heights neighborhood that was constructed back in 1924 sold for $6.6 mil, or $268 per square foot. The single-story, brick structure sits on a 31k...
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• RedMill Capital Obtains $38.6 Mil in Construction Money for Bay Area Retail Project
8/03/16
RedMill Capital secured a $38.6 mil construction loan that will allow it to break ground this fall on a much-anticipated, 120k sf mixed-use retail development called The Shoppes at Livermore. The project will be located immed...
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• Downtown Monterey Retail Center Trades in $12 Mil Deal
8/03/16
Uptown Monterey, a 25.6k sf neighborhood shopping center in Monterey, sold for $12 mil ($469/sf). Positioned along California’s Central Coast, the fully leased property is anchored by Trader Joe’s and Pharmaca, and enjoys an...
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• Berkeley Retail Property Trades for Over $13 Mil
8/02/16
A 22.5k sf, single-tenant commercial property in Berkeley sold for $13.15 mil. The single-tenant, NNN property is located at 2700 Shattuck Ave, south of University Ave and west of Telegraph Ave, a short distance from the Univ...
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• New Trends in Food-and-Beverage Concepts Driving Expansion at Retail Centers
7/29/16
With food-and-beverage outlets now among the fastest-growing categories in retail centers, a new CBRE Group Inc report identifies four emerging eatery formats poised for significant expansion: food trucks, food halls, celebri...
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• Alex Kozakov and Patrick Wade Promoted to Senior Vice Presidents at CBRE Group
7/29/16
Alex Kozakov and Patrick Wade, co-leaders of a retail investment property sales team in downtown Los Angeles, have been promoted to senior vice presidents with CBRE.
Kozakov and Wade joined forces in 2006 and have focused on...
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• Culver City 7-Eleven Trades at 3.56% Cap Rate and a Price of Over $1,800/sf
7/28/16
We’ve got two LA-area 7-Eleven sales to report. The transactions, which took place in Culver City and Lakewood, total about $6 mil.
In Culver City, a 1.5k sf, single-tenant corporate-guaranteed 7-Eleven ground lease with ove...
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• Pomona Banquet Hall Property Trades
7/28/16
Thee Chateau, a 14.3k sf restaurant and banquet hall in Pomona, sold for $2.65 mil, or $185/sf. Built in 2008, the property sits on 1.47 acres at 1700 West Holt Ave, south of I-10 and east of Hwy 71.
Thee Chateau is situated...
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• Stos Partners Picks Up Mixed-Use Property in Carlsbad
7/27/16
Stos Partners has acquired a 22k sf, mixed-use property comprised of retail, restaurant, creative office and residential space in the heart of San Diego County’s Carlsbad Village submarket. The property was sold by a private ...
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