| EDENS Picks Up LA. County Retail Portfolio for $136 Mil
EDENS has acquired a portfolio of three grocery-anchored shopping centers comprising over 400k sf in Los Angeles County for a price of $136.8 mil, or around $340/sf. The properties were sold by Combined Properties Inc.
| Carlsbad Retail Asset Sells for $976/sf
A San Diego-based private investor purchased the 4.6k sf, 100% occupied multi-tenant retail center located in the heart of the Carlsbad Village area, for $4.475 mil ($976/sf). The property is located at 711 Grand Ave, less th...
| San Fernando Valley 7-Eleven Property Sells for $1,840/sf
A 2.5k sf convenience store and full-size service station property net leased to 7-Eleven in the west San Fernando Valley community of Chatsworth traded hands in a $4.6 mil ($1,840/sf) deal.The 7-Eleven is located at 9108 De ...
| Investor Exchanges into Three-Property, $17.7 Mil Retail Buy
A 1031 exchange investor closed on a three-property retail acquisition totaling $17.725 mil. The assets included: a new construction Tire Works-occupied asset in Henderson, NV; a new construction Service King Collision Repair...
| Schuman Companies Acquires 169k sf Loveland Outletsí North Parcel for $15 Mil
Schuman Companies acquired the 169k sf Loveland Outletsí north parcel in Loveland, CO in a $15 mil deal. The buyer, who plans to close on the south parcel at a later date, is repositioning the property into retail, office and...
| Bill Shopoff Interviewed in First Episode of Commercial Real Estate Talk
President & CEO of Shopoff Realty Investment talks about his background and discusses his current wide ranging projects with Steve Bloom and Arnie Garfinkel in premiere episode of the program
| Buyers Pick Four Up Former Sears Sites in California
Four former Sears development sites located across California were acquired by private investors in separate deals. The assets, in Fairfield, Ventura, Salinas and Sacramento, were sold by a single investor. The prices were no...
| Fully Leased Neighborhood Center in Chino Goes for $8.4 Mil
Chino Village, a 20.6k sf neighborhood retail center in Chino, sold for $8.4 mil. The sale included approximately 2.5 acres of undeveloped land with flexible zoning.
Built in 1984, Chino Village is 100% leased. It is locate...
| Complex 1031 Exchange Involves Five Properties in Deals Totaling Nearly $24 Mil
Five properties traded hands as part of a complex 1031 exchange. An investor sold two Bay Area multifamily communities in San Mateo for $12.85 mil and exchanged into two KinderCare Learning Center properties and a Dollar Gene...
| Grocery-Anchored Retail Center in Medford, OR Listed for Sale
Hereís news of a grocery-anchored retail center thatís been listed for sale in Oregon. The property is Jackson Creek Shopping Center, an 82.6k sf, multi-tenant retail asset anchored by Albertsons in Medford. The asking price ...
| CentrePoint Properties Spends $11 Mil on Colorado Shopping Center
Willow Run, a 91.6k sf shopping center in Westminster, CO, was acquired by CentrePoint Properties for $10.9 mil ($119/sf). The seller was Willow Run Investors, LLC, an entity operated by Gart Properties, who had purchased the...
| Target Leases Former Kmart Space in Ontario
Retailing giant Target has inked a lease for 70k sf of space at 1670 E. Fourth St in Ontario. The location is within the 151k sf, freeway adjacent Vineyard Freeway Center.
Targetís space is part of a 94k sf, former Kmart st...
| Retail/Medical Center in Vegas Trades for $298/sf
Nellis Plaza, an 83.9k sf, retail shopping and medical center in Las Vegas, was acquired by Glen Una Management for $25 mil, or $298/sf. The purchase is the buyerís first major retail acquisition in the Las Vegas market.
| Agora Realty and Management Starts Work on 29-Acre Mixed-Use Project in North Las Vegas
Agora Realty and Management has broken ground on a 29-acre mixed-use master-planned commercial district in the heart of downtown North Las Vegas. The redevelopment project, being called North Las Vegas Village, is strategical...
| Vacaville Commons Lands $23 Mil Refi
Vacaville Commons, a 400k sf power retail center in Vacaville, was refinanced with a new permanent loan for $23 mil. Vacaville is a NoCal city located along I-80 roughly midway between San Francisco and Sacramento.
| Investor Pays $392/sf for Mission Viejo Retail Center
Marguerite Plaza, a 25k sf, multi-tenant retail property in Mission Viejo, was acquired by a SoCal-based private investor in a recent $9.8 mil ($392/sf) transaction. The property sits on 2.07 acres at 28892 Marguerite Pkwy, s...
| Hereís a 3rd Quarter 2022 Look at San Diegoís Retail Market
This report was provided by real estate services firm Cushman & Wakefield
The total nonfarm employment in San Diego grew by 59,600 or +4.1% year-over-year (YOY) between August 2021 through August 2022, wi...
| Retail Center in L.A.ís South Bay Goes for over $500/sf
Redondo Plaza, a 28k sf, grocery-anchored retail center located within Los Angelesí South Bay in Gardena, sold for $15.12 mil ($540/sf). The center was sold by Storm Properties.
Built in 2002 and renovated in 2018, the 100%-...
| Two Outparcels to Chino Retail Center Trade in Deals Worth Over $6 Mil
Two single-tenant retail properties that are outparcels to Country Fair Shopping Center in Chino were purchased by private investors in separate deals totaling $6.17 mil. The sales included quick-service-restaurant assets occ...
| C.E. John Company Inc Obtains $61 Mil in Financing on OR Retail Center
C.E. John Company Inc has obtained $61 mil of permanent, long-term financing for Cedar Hills Crossing, a 477k sf retail center in Beaverton, OR. The center is anchored by several grocery and credit tenant operators, including...