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• Majority of Retail Space at AZ Mixed-Use Project Sells for $110 Mil
7/14/11
San Diego-based Excel Trust has purchased the majority of the retail space at The Promenade in Scottsdale, for $110 mil. The Promenade is part of Scottsdale Promenade, one of the largest mixed-use developments in the Phoenix,...
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• Goleta Retail Center Signs Five New Tenants
7/13/11
Five new tenants have taken space at Calle Real Shopping Center, a 122k sf neighborhood retail center in Goleta. The deals include four locally owned restaurants, adding to the center’s strong mix of local, national and regio...
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• Revitalization of Major Bay Area Retail Center Underway
7/13/11
Alameda Towne Centre, a 594k sf, open-air retail center on Alameda Island, is about to undergo a major rebranding and revitalization program by its owner, Jamestown, a real estate firm that acquired the property in January 20...
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• IDS Wraps Up $40 Mil LA-Area Retail Buy
7/12/11
LA-based IDS Real Estate Group closed on a significant retail acquisition in the Los Angeles area after paying in excess of $40 mil for La Canada Flintridge Town Center, a 115.9k sf ($345/sf) regional center in La Canada Flin...
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• Marketwide Retail Recovery Undercut By Housing Struggles
7/08/11
The following is the Marcus & Millichap 2nd Quarter Retail Market Report for the Inland Empire.
Even as renewed job growth fuels Inland Empire retail sales this year and helps stabilize operations in high-traffic shopping ce...
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• Gold Buying Chain Taking It to the Max in California
7/08/11
Gold Max of California has plans to open 100 Gold Max stores in Southern California within the next year. With more than 150 stores, Gold Max operates the United States’ largest chain of stores specializing in buying gold and...
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• Quick-Serve Restaurants Inking New SoCal Locations
7/07/11
We’ve got three recent quick-serve restaurant leases in SoCal to report. The transactions, which took place in Santa Ana and Whittier, total 7.3k sf and have a combined value of more than $2.5 mil. The ownership interests in ...
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• NoCal Investors Spend $30 Mil on Phoenix Retail Center
6/30/11
A Los Altos-based real estate investment entity has purchased Tatum Point Shopping Center, a 173.5k sf Walmart-anchored shopping center in Phoenix, for $30 mil ($173/sf). We’re told that the transaction represents the highest...
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• Westwood Financial Able to Afford a Lot of Happy Meals after Selling Off 28 Former McDonalds Corp Properties
6/30/11
Westwood Financial Corp has sold 28 former McDonald’s Corp-owned properties across the country. The assets are part of a 68-asset portfolio the company purchased in September 2010. The sold assets span 20 states and comprise ...
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• LAX-Area Retail Center Sells for $324/sf
6/29/11
Westchester Place, a two-story, 50.9k sf retail center in Los Angeles, recently sold for $16.5 mil, or about $324/sf. Located at 8820-8844 South Sepulveda Blvd, the property includes retailers such as Bed Bath & Beyond, Starb...
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• Karlin Grabs a Pair of Arizona Retail Properties
6/28/11
Los Angeles-based Karlin Real Estate acquired a retail portfolio comprised of two Phoenix, AZ-area shopping centers following the firm's purchase of the non performing loans on the collateral, announced Managing Director Matt...
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• Absorption Trends Exemplify Retail Market’s Strengthening
6/23/11
Rising shopping volume and minimal construction activity will accelerate improvements in San Diego retail operations through 2011, after the market entered recovery ahead of expectations last year. San Diego was the only majo...
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• Financing News Briefs
6/23/11
HFF – HFF arranged $4.48 million in financing for Lagoon Terrace Apartments, a 62-unit multi-housing community in Wilmington (Long Beach), CA. HFF worked exclusively on behalf of the borrower, a joint venture between Coastlin...
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• $61 Mil in Financing for The Shoppes at Chino Hills
6/22/11
HFF has arranged $61 million in financing for The Shoppes at Chino Hills, a 388k sf, trophy lifestyle center located in Chino Hills, CA. Chino Hills is located in the Inland Empire county of San Bernardino.
HFF worked on be...
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• Capstone Advisors Picks Up 40k sf San Diego-Area Retail Property
6/22/11
Capstone Advisors purchased Mission Escondido Shopping Center, a 40.3k sf retail complex in Escondido, for $3.9 mil ($97/sf) from a subsidiary of Kennedy Wilson Properties. The San Diego-based company plans to use its asset m...
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• Graham Allchorn Partners with NewMark Merrill Companies
6/20/11
Graham Allchorn, has joined with NewMark Merrill Companies as Managing Director & Principal of NewMark MerrillDevelopment Partners (NMC Development Partners). With Allchorn’s expertise, NMC Development Partners plans to expan...
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• Lowe is Seattle’s Red Lion Tamer
6/20/11
Lowe Enterprises Investors (“LEI”) announced that it has completed the $71 million acquisition of the 297-room Red Lion Hotel on Fifth Avenue in downtown Seattle form Red Lion Hotels Corporation (NYSE:RLH). Chris Burdett of C...
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• Paradise Capital Group Acquires 50,000 SF Paraiso Town Center in Thousand Oaks, CA
6/17/11
Real estate investment firm Cardinal Equities, through its affiliate Paradise Capital Group, has acquired from U.S. Bank, a 50,000 square-foot retail and office complex in Dos Vientos Ranch, a master planned community in Thou...
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• Brand Name Retailers Find Taking Space in Sacramento a Capital Idea
6/16/11
Bed Bath & Beyond is set for a new store opening this fall at The Promenade @ Sacramento Gateway. Don Krieger with Terranomics Retail Services, the exclusive tenant representative of Bed Bath & Beyond (BBB) in Northern Califo...
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• Investors Snap Up Inland Empire Retail Properties
6/15/11
An 11.7k sf Goodyear/ Jiffy Lube Center in Corona sold for $4.57 mil ($390/sf). The property is located at 1600-1630 East Ontario Ave, just east of I-15.
Drew Wetherholt, vice president investments in Marcus & Millichap’s O...
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