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• Sky Zone Leases Rancho Cucamonga Space
4/17/23
Sky Zone inked a lease for 30.7k sf of space in Rancho Cucamonga for a new Sky Zone indoor entertainment park. The space, located at 12449 Foothill Blvd, is part of the 550k sf Wal-Mart- and Food 4 Less-anchored Foothill Mark...
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• Sterling Organization Purchases Two Bay Area Retail Assets for $40 Mil
4/14/23
Sterling Organization recently acquired two Bay Area retail properties in a deal valued at $40.45 mil. The acquisition consisted of Franciscan Center, a 106.8k sf retail center, and Mohave Center, a 10.2k sf strip center, bot...
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• The Caine Group Buys 28k sf of Properties in Carlsbad Village
4/13/23
The Caine Group picked up three contiguous parcels totaling 28.4k sf in Carlsbad Village for $6.67 mil ($235/sf). The properties are located at 2801 Roosevelt St and 2780 – 88, 2802 State St.
Mas Fina Cantina owner Andy Davi...
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• NewMark Merrill Companies Acquires 84k sf San Fernando Valley Retail Center
4/12/23
NewMark Merrill Companies Inc has acquired Corbin & Parthenia shopping center, an 83.7k sf community retail center located at 19555-19641 Parthenia St in the western San Fernando Valley community of Northridge. This is the ei...
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• TTM Real Estate Capital Pays Around $80 Mil for HHLA Retail Center in Westchester
3/31/23
TTM Real Estate Capital, a subsidiary of Cannon Commercial, has acquired HHLA, the 245.4k sf retail center that makes up part of the Howard Hughes Center mixed-use campus in Westchester, adjacent to Playa Vista on L.A.’s west...
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• Organic Grocery Store Erewhon Brings Culver City Mixed-use Project to Fully Leased
3/23/23
The Culver Steps, a 120k sf mixed-use development in the heart of downtown Culver City, is fully leased. The project, located at 9300 Culver Blvd, across from the historic Culver Studios and Culver Hotel, is a development of ...
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• Inland Empire Absolute NNN Ground Lease of a Dutch Bros Coffee Drive-Thru Goes for $2.3 Mil
3/22/23
A Los Angeles-based private investor paid $2.3 mil for the absolute NNN ground lease of a brand-new construction, single-tenant property occupied by Dutch Bros Coffee Drive-Thru in the Inland Empire. The property is part of H...
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• Sakioka Farms Pays Over $500/sf for Ontario Retail Center
3/21/23
Sakioka Farms purchased New Haven Marketplace, a newly constructed, 95k sf grocery-anchored shopping center located in Ontario, for $54.3 mil ($ 572/sf). The seller was Frontier Real Estate Investments.
New Haven Marketplace...
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• OR Retail Property Goes for $72/sf
3/20/23
Jackson Creek Center, an 84.6k sf shopping center in Medford, OR, sold for $6.1 mil ($72/sf). At the time of the sale, the center was 93% occupied by a tenant roster that includes Oregon Internal Medicine, West Main Spirits, ...
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• Balboa Retail Partners Goes Shopping in Hillsboro, OR
3/20/23
Balboa Retail Partners closed on a retail buy in Oregon, picking up The Streets of Tanasbourne, a 371.8k sf outdoor shopping mall located at 19350 NW Emma Way in Hillsboro. The price was not given out.
Currently 93% leased, ...
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• Ontario Retail Center Trades in $54 Mil Deal
3/17/23
New Haven Marketplace, a 95k sf, grocery-anchored shopping center in Ontario, traded for $54 mil ($568/sf). The property is located at 3420 E. Ontario Ranch Rd, west of I-15 and south of Hwy 60.
Built in 2020, New Haven Mark...
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• Private Investor Pays $245/sf for San Bernardino Retail Building Occupied by Office Depot
3/15/23
A 20k sf retail building in San Bernardino traded at a price of $4.9 mil ($245/sf). The building, located at 675 E. Hospitality Lane, is leased to Office Depot.
The property is situated between Home Depot and Aldi within the...
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• Ground Lease for South OC Retail Center Trades in $14 Mil Buy
3/14/23
The ground lease for Lake Forest Marketplace, a 111.2k sf, multi-tenant retail property in Lake Forest, has sold in a $14.2 mil transaction. The asset, located at 23771 to 23841 El Toro Rd, was purchased by an OC-based privat...
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• Affordable Mixed-Use Project in Denver Gets Underway
3/13/23
Construction is now underway for the Montbello Freshlo Hub, a mixed-use development in the Montbello neighborhood of Denver. The project, which is a collaboration between the City and County of Denver and the Denver Housing A...
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• Shopoff Realty Investments Venture Acquires Former Nordstrom Site in the Bay Area
3/09/23
Shopoff Realty Investments, in a venture with Praelium Commercial Real Estate and an affiliate of Singerman Real Estate LLC, has acquired the former Nordstrom department store property located at the Stoneridge Mall in the Ba...
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• Single-Tenant CVS in Texas Sells for $457/sf
3/09/23
A California-based private investor paid $6.13 mil for a 13.4k sf ($457/sf), single-tenant retail occupied by CVS Pharmacy. CVS is on an absolute triple net lease which has just over 23 years remaining.
Built in 2020, the p...
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• Two-Tenant Retail Pad Property in the Sacramento Area Sells for $843/sf
3/07/23
A new construction, 4.8k sf two-tenant Chipotle Mexican Grill Drive-Thru pad at Freedom Point Plaza in Roseville sold for $4.045 mil ($843/sf). Freedom Point Plaza is anchored by TopGolf and Living Spaces.
The pad property,...
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• Colorado Grease Monkey Fetches $577/sf
3/07/23
A 5.3k sf, single-tenant property occupied by Grease Monkey in Monument, CO, sold for $3.06 mil, or $577/sf. The property is situated on a 0.43-acre parcel at 213 W. Hwy 105, at the hard corner, signalized intersection of Hwy...
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• Single-Tenant Retail Building in the Fort Collins, CO Area Sells for $275/sf
3/06/23
An investment partnership paid $2.5 mil for a 9.1k sf ($275/sf), fully leased single-tenant retail building in Wellington (Fort Collins), CO.
Built in 2021, the freestanding building is situated on more than one-half acre a...
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• Palmdale Retail Asset Purchased for $458/sf
3/03/23
An 11.8k sf, multi-tenant retail property in Palmdale sold for $5.4 mil ($458/sf). The property, situated on .87 acres at 39178 10th Street W, is 100% occupied by six tenants including Jenny Craig and Verizon.
The property ...
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