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• Rancho Cucamonga BofA Property Purchased for $668/sf by a NoCal Private Investor
2/18/22
A NoCal-based private investor paid $6.15 mil for a 9.2k sf ($668/sf), single-tenant NNN Bank of America property in Rancho Cucamonga, in an all-cash 1031 exchange deal. The property is located at 8700 Baseline Rd.
The long-...
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• Private Investor Closes $3.9 Mil Retail Buy in Big Bear Lake
2/11/22
San Gabriel Valley-based private investor paid $3.9 mil for Village Mall at Big Bear, a 24.8k sf ($157/sf), multi-tenant retail center in Big Bear Lake, in an all-cash transaction.
Located at 40729 Village Drive, the 100% oc...
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• Local Investor Purchases Newly Constructed Sprouts Market in Denver
2/09/22
A newly constructed Sprouts Farmers Market in the Green Valley Ranch neighborhood of Denver was acquired by Rustic Partners LLC. The price was not given out.
The 23.3k sf supermarket was developed by Evergreen for Sprouts as...
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• InvenTrust Properties Corp Acquires Two TX Retail Centers for $189 Mil
2/09/22
InvenTrust Properties Corp purchased two retail assets in Austin, TX for $189.3 mil. The transaction includes The Shops at Arbor Trails, a 357k sf center anchored by Costco Wholesale and Whole Foods, and Escarpment Village, a...
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• Alturas Real Estate Funds Picks Up 93k sf AZ Shopping Center
2/04/22
Eagle, ID-based Alturas Real Estate Funds acquired Tucson Fiesta, a 93k sf shopping center asset in Tucson, AZ, for $14.6 mil ($157/sf). The seller was EVT Tucson Fiesta LLC.
The property consists of three retail anchor buil...
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• Sansome Pacific Closes $20 Mil National Portfolio Buy
2/01/22
Sansome Pacific, a San Francisco, CA-based real estate investment management firm, has completed the $20.6 mil acquisition of a value-add portfolio of 10 retail and hotel properties. The properties are located in six states ...
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• Four Single-Tenant Assets at New L.A. Area Shopping Center Trade in Deals Worth Over $19 Mil
2/01/22
Four single-tenant net-leased investments at a newly developed Grocery Outlet-anchored shopping center in the unincorporated Greater L.A. area of Rosamond traded in separate deals totaling $19.3 mil. The new construction prop...
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• Hines’ Discretionary Fund Vehicles Close Three SoCal Acquisitions
1/31/22
Hines has closed three strategic deals in Southern California within the last 60 days, including two industrial and logistics assets and one retail redevelopment project. The transactions were made on behalf of Hines U.S. Pro...
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• Balboa Retail Partners Closes $7 Mil Retail Buy in the San Gabriel Valley
1/31/22
El Monte Plaza, a 60.3k sf retail center anchored by Northgate Market in the city of El Monte, was purchased by Balboa Retail Partners for $16.9 mil ($280/sf). The property was sold by Griffin Living.
Located at 3828 Peck Rd...
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• Brixmor Property Group Closes on 182k sf OC Shopping Center
1/21/22
Brixmor Property Group closed on the acquisition of an Orange County retail property, paying $85.7 mil for Brea Gateway Center, a 181.9k sf ($471/sf), top-tier grocery- and drug-anchored retail center in the Orange County cit...
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• DJM Capital Completes $29 Mil OC Retail Buy
1/21/22
San Jose-based DJM Capital acquired Gateway Center, a 79k sf retail destination in Mission Viejo, for $39.5 mil ($500/sf). The purchase was financed with an acquisition loan of $28.9 mil.
Completed in 1979, Gateway Center is...
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• Pine Tree Spends $64 Mil on Glendale Retail Center
1/13/22
Chicago-based Pine Tree has purchased Glendale Marketplace, a 154k sf, urban retail center in Glrendale, for $64.1 mil ($416/sf). The property, situated on 2.2 acres at 106-146 S. Brand Blvd, was sold by EB Arrow.
Glendale M...
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• 3D Investments Spending Over $200 Mil on Vegas Mixed-Use Asset
1/12/22
In news of a big Vegas property trade, Beverly Hills-based 3D Investments has reached an agreement to purchase LLC Tivoli Village, a premier 669.4k sf, Class A open-air mixed-use project located in Las Vegas. The property, jo...
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• OC Chipotle-Anchored Retail Pad Building Fetches $1,188/sf
1/12/22
A 6.9k sf, Chipotle-anchored multi-tenant retail pad in Foothill Ranch sold for $8.2 mil, or $1,188/sf. The building is located on just under on acre at 26592 Towne Centre Drive and is part of Foothill Ranch Towne Centre, a r...
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• Santa Monica Whole Foods Property Sells for Over $54 Mil
1/10/22
A 29.1k sf, single-tenant property occupied by Whole Foods in Santa Monica sold for $54.25 mil ($1,864/sf). The building, NNN-leased to Whole Foods on a long-term basis, was purchased by Deka Immobilien for its open-ended rea...
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• Canadian Investor Spends $25 Mil on AZ Retail Asset
1/07/22
Ocotillo Plaza, a 117.3k sf retail shopping center in Chandler, AZ, sold for $25.1 mil ($214/sf). The property, located at the northwest corner of Alma School and Queen Creek roads, was acquired by a Canadian investment entit...
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• San Diego Retail Center Trade Comps at $386/sf
1/06/22
A private investor paid $27.2 mil for Fallbrook Mercantile Center, a 70.4k sf ($386/sf), grodcery-anchored retail center in the San Diego County community of Fallbrook. The property was sold by Gerrity Group LLC.
Fallbrook M...
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• Inland Empire Shell/Circle K Gas, Store and Car Wash Property Trades in $9.3 Mil Transaction
1/05/22
A private investor paid $9.34 mil for a Shell Gas Station, Circle K Convenience Store and Car Wash in Jurupa Valley. The purchase included both the business and the real estate.
Located at 3873 Pyrite St, directly off the h...
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• Two Retail Properties in Chino Hills Trade in Separate Deals Totaling $19 Mil
1/04/22
There have been two Chino Hills multi-tenant retail property sales to report, in deals totaling just over $19 mil. The properties -- Chino Hills Grand Plaza and Gateway Village -- were acquired by separate buyers. They combin...
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• One Santa Fe in L.A.’s Arts District Signs Four Commercial Tenants
1/03/22
Four new tenants inked deals in 2021 for retail space at One Santa Fe, Berkshire Residential Investments’ Downtown Los Angeles mixed-use destination with 438 apartments and 81k sf of ground floor commercial space. Men’s groom...
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