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• American Realty Advisors Makes $37 Mil Play for Poway Retail Center
3/22/06
Glendale-based American Realty Advisors has closed on a $37 mil retail buy in central San Diego County, after purchasing Creekside Center, a 127.3k sf ($291/sf) center in Poway. The property, which was constructed in 1993, is...
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• Retail Briefs
3/21/06
CHULA VISTA (San Diego County) – A California limited liability company paid $7.7 mil for a 14.5k sf ($531/sf) Walgreen drug store on 1.22 acres at 1109 Third Ave, at the corner with Naples. The seller, 3rd and Naples LLC, wa...
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• Westfield on a Roll in Southern California
3/20/06
Westfield Group, the world's largest shopping center owner, has big plans for Southern California. Not content to simply maintain and update its impressive roster of centers, the Australian firm has in recent weeks announced ...
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• Coreland Reels in Five New Retail Leasing Assignments
3/20/06
Tustin-based Coreland Companies was awarded five new retail leasing assignments in SoCal, totaling 428k sf, during the first quarter of 2006. The new assignments included Mission Foothill Marketplace in Mission Viejo, Carwood...
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• Walgreens Remains Evergreen after Completion of New Garden Grove Store
3/17/06
Phoenix-based Evergreen Development wrapped up construction of its 200th store for Walgreens, after recently completing construction on a new 14.8k sf store located at 10840 E. Katella Ave in Garden Grove. Evergreen celebrate...
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• Retail Briefs
3/16/06
POMONA (San Bernardino County) – An LA-based family trust paid $5.94 mil for a 14.8k sf ($401/sf) retail building that is fully leased to Sav-On Drugs on a NNN basis. The property is located at 1485 S. Garey Ave, near the 60 ...
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• Flurry of Deals Helps Fill New Fontana Retail Center
3/15/06
Foothill Village, a recently completed 27k sf retail center in the city of Fontana, is almost leased up, thanks to 10 deals that filled 24k sf of the new Inland Empire project.
The new tenants that have just closed deals at...
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• Venture Makes Power Play for Inland Empire Site
3/14/06
LA–based Malcolm Riley & Associates Michael Asheghian, a Westside real estate developer, purchased 28 acres of land in Hesperia as part of a joint venture called Riley/Asheghian Associates. The partnership plans on developing...
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• Retail Briefs
3/13/06
CHULA VISTA (San Diego County) – Private investors paid $7.7 mil for a 14.5k sf ($531/sf) retail building on 1.2 acres at 1109 3rd Ave. The buyers, Mozes and Jetta Feiner, were represented by Gabriel Legmann of Legmann & Asso...
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• NewMark Merrill Breaks Ground on Ontario Retail Center
3/10/06
NewMark Merrill Companies just broke ground last week on a new Lowe's-anchored power center in the city of Ontario. Called The Marketplace on Grove, the 207k sf mixed-use retail development is located at the southwest corner ...
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• Victoria Gardens Adds Two New Office Tenants
3/09/06
Two new tenants have signed leases for a combined 21k sf of office space at Victoria Gardens, the fantastic new open-air regional shopping center in Rancho Cucamonga that includes 40k sf of office space over some of the retai...
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• Phase I of San Jacinto Esplanade is Underway
3/08/06
Construction is underway on the initial phase of San Jacinto Esplanade, a 125k sf community shopping center being built in the city of San Jacinto by DBN Development LLC. The center, which is planned to ultimately span both s...
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• Champion Adds to Its Collection
3/07/06
Champion Development Group, the LA-based developer, has closed escrow on a two-acre parcel in downtown Burbank and will begin construction next week on The Burbank Collection, the second phase of the Burbank Entertainment Vi...
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• NoCal Retail Comps
3/07/06
Here are a few of the latest NoCal retail lease comps, thanks to the folks at Terranomics, the retail division of NAI BT Commercial that was involved in brokering all of these deals. These transactions were from as far south ...
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• Investors Love Wal-Mart Shopping in the South Bay
3/06/06
The Shoppes at South Bay, a newly constructed 197k sf Wal-Mart-anchored shopping center in LA's South Bay, was acquired by a private investor for $55.5 mil ($282/sf). Located at the corner of Normandie and 190th, in a strip o...
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• Retail Briefs
3/03/06
COSTA MESA (Orange County) -- Dunkel Brothers, a La Mirada-based private investor, purchased a 10.8k sf retail property at 1726 Superior Ave in Costa Mesa. The building, which traded for $5.5 mil ($509/sf), was sold by an Ora...
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• SilverCreek Closes $96 Mil Retail Portfolio Buy
3/02/06
Irvine-based SilverCreek Properties has acquired a retail portfolio totaling roughly 770k sf for $96 mil ($125/sf). The investment consists of 46 assets, ranging in size between 4k sf and 50k sf, scattered across 20 states. T...
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• Pacific Capital Investments Makes $40 Mil South Lake Tahoe Buy
3/02/06
Pacific Capital Investments, a Roseville-based private investment group, purchased Round Hill Square (a retail center with an identity crisis), a 118.5k sf mixed-use property in the Zephyr Cove area of South Lake Tahoe for $4...
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• Sudberry Takes a Walk in Chula Vista
2/28/06
A Sudberry Properties-related entity has acquired a 13.25-acre parcel at the northeast corner of Eastlake Pkwy and Otay Lakes Rd in Chula Vista for the development of a retail center. The land, which traded for $7.67 mil ($13...
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• Mixed-Use Project to be Anchored by Wal-Mart Supercenter, Wickes and LA Fitness
2/27/06
Construction is underway on Canyon Crossings, a 90-acre, $150 mil mixed-use development project at the heavily trafficked intersection of Highway 60 and Interstate 215 in Riverside. Developed by Transcan Development, the proj...
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