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ACE is the Place at The Marketplace at Liberty Station 7/10/08 Crown ACE Hardware Inc has leased a 13.8k sf retail building at 2750 Dewey Rd, within The Marketplace at Liberty Station, in a 20-year, $2.5 mil ($0.75/sf/mo) lease. The store celebrated its grand opening over the Fourth of J...
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Retail Briefs 7/08/08 ONTARIO (San Bernardino County) – A private family investment entity purchased a 2.4k sf Jack-in-the-Box property at 4351 Ontario Mill Pkwy for $2.32 mil ($967/sf). Built in 1978, the property is situated at the intersection ...
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Tenants and Visitors Will Want to Get Stranded at New Huntington Beach Project 7/07/08 A unique oceanfront development, currently under construction in Huntington Beach, will consist of 68k sf of retail space and 30k sf of office space, along with a 157-room boutique hotel called Shorebreak and two levels of be...
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BeachWalk Leads to Cupcake Love 7/03/08 Two leases with a combined value of $915k were just signed at BeachWalk, a 53.4k sf, two-level retail center located on 437 South Highway 101, midway between Lomas Santa Fe Dr and Via De La Valle in Solana Beach. The property...
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Bernards Adds Touch of Americana to Its Portfolio 7/02/08 The Americana at Brand, the exciting mixed-use mega-project that just opened to the public in Glendale a few weeks ago, boasts 475k sf of shops and restaurants with individualized storefronts and an 18-screen Pacific Theatres...
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Fremont Neighborhood Center on the Market for $50 Mil 7/01/08 A 121.5k sf neighborhood shopping center in the East Bay city of Fremont was recently put on the market with an asking price of $50.43 mil, or roughly $415/sf. The property – Warm Springs Plaza – is located at 46547 Mission B...
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College Greens Generates about $20 Mil in Green 6/30/08 College Green Shopping Center, a 119.1k sf neighborhood shopping center located in the heart of California’s capitol city of Sacramento, recently traded hands in a transaction valued at $19.76 mil, or $166/sf. The center is a...
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Tuscany Square – the Fresh and Easy Way to Bring European Grocery Shopping to Moorpark 6/27/08 A new 68k sf lifestyle shopping center is expected to bring a touch of Europe to the corner of New Los Angeles and Moorpark Avenues in the Conejo Valley town of Moorpark. The center – Tuscany Square – broke ground in 2007 an...
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Retail Activity Review 6/24/08 PALM DESERT (Riverside County) – A 27-year-old, 37.5k sf shopping center at 73091-73161 Country Club Dr, southwest of I-10 off Monterey Ave, traded hands at a price of $17.75 mil ($473/sf). Marcus & Millichap’s Peter Ioannou ...
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Retail Briefs 6/19/08 AGOURA HILLS (Los Angeles County) – A private investor paid $7.7 mil for The Agoura Village Shopping Center, a 19.4k sf ($397/sf) building at 29020 Agoura Rd. It was constructed in 1991. Collin Plume, Rory Hamilton and Warren...
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CBRE Capital Markets’ Portland Office Arranges $62 Mil on San Diego Center 6/18/08 The Portland office of CBRE Capital Markets was involved in a large SoCal financing transaction, as the office, in conjunction with the company’s San Diego office, arranged a $62.5 mil permanent loan on 4S Commons Town Center...
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Heslin Becker Acquires 2nd Albertsons Property in Stanton 6/17/08 Heslin Becker Properties LLC recently closed its second purchase of a former Albertsons property in the OC town of Stanton, after purchasing a 30k sf ($200/sf) store located at 7050 Katella Ave, east of Knott Ave in close pro...
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Adler Signs Three More Tenants at Agoura Hills Design Center 6/13/08 Three new tenants -- Westpoint Furniture Design Center, The Mattress Store, and The Power of Home -- inked lease agreements for space at Agoura Design Center, a 120k sf retail furniture complex in Agoura Hills that was recent...
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GE Real Estate Walks Off $55 Mil in Chula Vista 6/12/08 GE Real Estate provided a $55 mil loan to Sudberry Properties to refinance its existing debt on Village Walk at EastLake, a recently completed 156.6k sf retail community center located in Chula Vista. Sudberry constructed the...
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Retail Deal Comps 6/06/08 SAN CLEMENTE (Orange County) – Abdelmuti Development Company LLC spent $6.2 mil on a 10.1k sf ($614/sf) retail store located at 166-176 Avenida del Mar. The space will be redeveloped into the sixth location for Jack’s Surf & ...
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Retail Briefs 6/04/08 REEDLEY (Fresno County) -- Nashashibi Family Trust paid $7.725 mil for Reedley Place Shopping Center, a 22.2k sf ($348/sf) Rite Aid-anchored shopping center that just opened in September 2007. The asset consists of two retail...
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Designer/Retailer Closes Fashionable $900/sf Buy at Edge of West Hollywood 6/02/08 Tadashi Shoji, designer, owner and president of the Los Angeles-based fashion house Tadashi, purchased a 4k sf retail property located at 812 N. La Cienega Blvd, midway between Santa Monica Blvd and Melrose Ave, to house his ...
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Glendale Shopping Center Fetches $422/sf 5/30/08 A 46.2k sf grocery-anchored shopping center in Glendale was recently acquired by a Burbank investment entity for $19.5 mil, or about $422/sf. The property, Glendale Square, is situated on 2.28 acres at 1010 N. Glendale Ave, w...
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Retailers Flock to New Inland Empire Center 5/29/08 The Shoppes at Chino Hills, a new 400k sf, open-air lifestyle center in Chino Hills that just opened for business last Friday, May 23, got off to a great start, partly because of 25 recent signings at the new development. Amo...
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Roman Empire Looks to Conquer the World, Starting with SoCal 5/27/08 Roman's Bakery and Grill Restaurant, a modern bakery/counter service-style restaurant based out of Los Angeles, has aggressive expansion plans with a goal of opening 10 stores in Los Angeles, Orange, San Bernardino, Riverside...
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