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• General Growth a General Pain in the Asset for Caruso
5/10/04
By Steve Bloom
About a month ago he said he was walking from his latest project because of the expected opposition it looked like he would be facing, but on April 29th, in a roomful of applauding Glendale residents, Rick Car...
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• Retail Notes
5/07/04
SAN CLEMENTE (Orange County) – The Hang Family Trust paid $5.8 mil for a single-tenant retail building located on Avenida Pico, as part of a 1031 exchange. Occupied by Home Depot, the property was sold by Rancho San Clemente ...
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• Exciting New Plans are Gonna Blow the Roof Off of Huntington Beach Mall
5/06/04
Huntington Beach Mall, the dated, 38-year-old shopping center, is about to get a new lease on life, as the enclosed retail center is about to be completely renovated into an open-air lifestyle center and regional destination ...
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• Top Retail Execs Form New Shopping Center Investment/Development Firm
5/05/04
A number of retail industry veterans have joined forces as Russell R. Pratt, John H. Reininga, Jr. and Malcolm R. Riley, and the principals of Rawson, Blum & Leon (RBL), David Rawson, Joseph Blum and Jeffrey S. Leon, have for...
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• Toibb Story is a $40 Mil Success
5/04/04
Woodland Hills-based Toibb Enterprises teamed up with different partners in four recent retail deals with a combined value of around $40 mil. The deals included the purchase of three retail centers – two in California's Centr...
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• ING Clarion to Acquire West Hollywood Gateway
5/03/04
The paint is barely dry and the new building smell is barely gone, but JH Snyder has already lined up a buyer for the West Hollywood Gateway, the 250k sf retail project at the SWC of Santa Monica Blvd and La Brea Ave. We hear...
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• Chula Vista to Enjoy Its Heritage
4/30/04
An exciting new mixed-use development just opened its doors in Chula Vista the other day. The project is Otay Ranch's Heritage Towne Center, a $15 mil, mixed-use neighborhood center with 38k sf of ground-floor retail space an...
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• For $57 Mil Investor gets the Best Shopping Center
4/29/04
A private real estate investment family out of Glendale has paid $57.5 mil for Best Plaza Shopping Center, a 360k sf retail center in Cerritos. The seller was San Francisco-based Krausz Cos.
Best Plaza Shopping Center was bu...
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• Retail Investors Can Make a Run for the Borders
4/28/04
LandGrant Development is marketing a portfolio of four Borders Books and Music retail stores. The properties, of which two are in NoCal and the other two are in SoCal, have an aggregated value of $35.6 mil. Christopher Maling...
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• Veteran Retail Investors Pay $2,667/sf for Rodeo Drive Address
4/27/04
A primo retail property on prestigious Rodeo Dr, in the heart of Beverly Hills' Golden Triangle area, traded hands, as a pair of veteran real estate investors acquired a 7.5k sf building at 325-329 N. Rodeo Dr. The two-story ...
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• A Retail Offering Worth Crossing the Desert For
4/26/04
A major Inland Empire shopping center is being offered for sale, as a Steve Rebeil-led investment group has listed Desert Crossing, a 516k sf complex at the southeast corner of Hwy 111 and Fred Waring Dr in Palm Desert. The a...
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• Upscale Walnut Creek Center Hits the Market
4/23/04
Retail investors have the opportunity to acquire a primo NoCal property, as Plaza Escuela, a 153.9k sf upscale urban retail complex located in the heart of downtown Walnut Creek, has been put on the market. The property, whic...
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• Expect to See a Lot of Growth at the Grand Canal Shoppes in Vegas
4/23/04
General Growth Properties, the Chicago-based retail REIT is the winning bidder for the Grand Canal Shoppes, the 407k sf upscale retail portion of the Venetian resort and casino in Las Vegas. As part of the deal, General Growt...
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• SoCal Retail Briefs
4/21/04
BALDWIN PARK – Long Beach-based Bixby Land Company bought Sierra Center, a 100.3k sf retail center at the southeast corner of Baldwin and Francisquito in Baldwin Park. The property was 100% leased at the time of the sale, to ...
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• Luna Lounge and Rubio's Open New San Diego Restaurants
4/20/04
Luna Lounge, a Pan-Asian restaurant, signed a 10-year, $2.56 mil lease for 6.2k sf ($3.44/sf/mo) of retail space at 639 J St, in San Diego's Gaslamp District. Bill Shrader and Corinna Gattasso of Burnham Real Estate Services ...
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• Opus West Plans 375k sf Lifestyle Center at Chino Hills
4/16/04
Phoenix-based Opus West Corp has unveiled plans to develop a 375k sf regional open-air lifestyle center to be called the Shoppes at Chino Hills, which will be built in a public/private partnership with the city of Chino Hills...
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• Inland Empire Retail Centers Fill Up with Beverages & More!
4/15/04
CB Richard Ellis' Focused Retail Services Group, based out of Orange County and made up of Jeff Moore, John Mehigan, Barclay Harty and Jennifer Meade, continues to enjoy tremendous success handling retail lease transactions t...
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• April 14, 2004 - Victorville Retail Center Back on the Market after Just One Year
4/14/04
A 506k sf SoCal mall is being put on the market roughly a year after it was acquired by the current seller. The property is the Mall of Victor Valley, which, per Real Estate Alert, was purchased for $70 mil ($138/sf) by a gro...
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• Wahoo's Signs Up for Ranch Duty
4/13/04
Foothill Ranch Company just signed five new tenants at its Foothill Ranch Plaza business campus in the south Orange County community of Foothill Ranch. The latest tenants, which signed for a combined 94.7k sf of space within ...
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• Investor Spends $6.3 Mil on Pair of Diamond Bar Retail Gems
4/12/04
Kensington Diamond Bar, LLC, an affiliate of Tustin-based Kensington Real Estate Group, sold two retail buildings, totaling 29.7k sf, located within Diamond Bar Village Center for $6.3 mil ($212/sf). The buyer of the two reta...
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