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• Carson is on Target with Development of New SuperStore
2/28/05
Construction is underway on a new 146k sf Target outlet at SouthBay Pavilion, a 1 msf regional mall just off the 405 Fwy at Avalon Blvd in the city of Carson. The new store from the popular discount chain is part of renovatio...
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• Transcan Takes a Shot at Temecula Market with Winchester
2/25/05
Transcan Development has purchased eight acres in Temecula, on which the Alamo-based firm is planning to develop a $20 mil mixed-use center at the northwest corner of Winchester Rd and Willow Springs Ave, adjacent to an Alber...
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• Record T-I-C Property is Back on the Market
2/24/05
Puente Hills Mall, the 1.2 msf mall in the City of Industry that set a record for the largest tenant-in-common transaction when it was acquired in 2003 for roughly $148 mil, is back on the market again. PASSCO, the Santa Ana-...
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• Retail Briefs
2/23/05
CATHEDRAL CITY (Riverside County) -- Ruben Gomez paid $1.95 mil for Date Palm Centre, a 4.3k sf ($458/sf) shopping center located at the corner of Ramon Rd and Date Palm. At the time of sale Date Palm Centre was 100% leased ...
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• Retail Notes
2/22/05
SHERMAN OAKS (Los Angeles County) – Sherman Oaks-based Sizzler USA Real Property Inc has sold and leased back a 36k sf portfolio of free-standing restaurant buildings in seven California locations. Terms of the transaction we...
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• 1031 Exchange Options Facilitates Pair of Retail Deals Worth $82 Mil
2/18/05
1031 Exchange Options, a national investment consultancy firm, recently completed a pair of acquisitions, worth a combined $82 mil, on behalf of its individual Tenancy-in-Common (TIC) clients. The properties are Silver City P...
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• Oakland Retail Market Ranks 10th Nationally
2/17/05
The outlook for Oakland's retail market is upbeat, according to Marcus & Millichap's recently released National Retail Report for 2005, which points to the city's diverse economy as part of the reason for its strong showing. ...
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• Westrust to Break Ground on Hemet Village this Summer
2/17/05
Hemet Village, a planned 88k sf retail development in the Inland Empire city of Hemet, is set to break ground in July of 2005, with completion projected for February 2006. The project is being developed by W Hemet LLC, an ent...
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• Retail Briefs
2/15/05
RANCHO MIRAGE (Riverside County) – San Jose-based Desert Art Properties LLC paid $4.11 mil for Desert Square, a three-building, 13.3k sf ($309/sf) retail center at 70223-70225 Hwy 111, near the cross street of Thompson. Origi...
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• Passco Nabs $29 Mil Moreno Valley T-I-C Buy
2/14/05
Passco Real Estate Enterprises and its tenant-in-common investor group paid $29 mil for Moreno Valley Plaza shopping center, a 341k sf ($85/sf) center located at 23583-23955 Sunnymead Blvd, just south of the 60 Fwy between Pi...
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• San Diego Retail Deal Update
2/11/05
NATIONAL CITY: Sweetwater Plaza East Shopping Center, a 50.9k sf retail center at 1747 Sweetwater Rd, was purchased for $10.4 mil ($204/sf). Tenants at the center include GNL Inc (also known as Freedom Mortgage), Neighborhood...
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• Retail Briefs
2/10/05
WEST HILLS (Los Angeles County) – Ralph's Grocery Company paid $3.9 mil for a 12k sf ($325/sf) retail center, called the Shops at Sherman Way, located at the intersection of Sherman Way and Shoup. It was sold by Combined Prop...
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• Historical Place Becomes a Children's Place
2/09/05
The Children's Place, a New-Jersey based specialty retailer of children's merchandise, has signed a 13-year, $23 mil lease for the 72k sf ($2.05/sf/mo) historical Royal Laundry building located at 443 Raymond Ave, just east ...
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• Westfield Nails Target at Topanga Center
2/08/05
In a move that could signal a renaissance in traditional retail leasing trends at large regional centers, Westfield has announced plans to build a new Target store at its Topanga Canyon center in the San Fernando Valley, wher...
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• Poway Plaza Adds Spicy Pickle to Its Lunch Menu
2/07/05
A 44.5k sf retail building in downtown San Diego was purchased by Caster Enterprises for $5.7 mil. Caster, also known as A-1 Self Storage, is a real estate developer that intends to convert the property into a mixed-use facil...
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• LA Retail Owner Strikes It Rich in $9 Mil Sale
2/04/05
San Pedro-based Rich Development Co has acquired a 32k sf infill shopping center near LA's MacArthur Park in a deal that came in close to the $9.1 mil ($284/sf) asking price. The property is located at 420 S. Alvarado St, wes...
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• Retail Briefs
2/04/05
ONTARIO (San Bernardino County) – Erickson Family Partnership paid $1.8 mil for single-tenant building occupied by Washington Mutual that was just built in 2004. The building, which sits on a 1.09-acre lot at the intersection...
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• CIM Group Becomes Toys "R" Us Kids
2/03/05
CIM Group, through its CIM Urban Real Estate Fund, has picked up a pair of downtown Santa Monica retail properties with a combined 74.4k sf of space. The purchase consists of a 52.4k sf building at 402 Santa Monica Blvd, curr...
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• Transcan Plan Calls for 1 msf Retail Center in East Bay Area
2/02/05
Transcan Development LLC has announced plans for a major new retail development in the region around the city of Antioch in the eastern part of the Bay Area. The project, called County Crossings, will be a 1 msf regional reta...
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• You Can Park $20 Mil in Parkview Village
1/31/05
Parkview Village Shops, a 94.8k sf shopping center in Long Beach, has been put on the market with an asking price of $19.875 mil ($210/sf). The offering, which consists of three city blocks of prime retail and office space on...
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