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• Palm Desert Retail Pad Property Sells for $454/sf
12/12/23
A fully occupied, 8.5k sf multi-tenant retail pad property in Palm Desert traded hands in a $3.86 mil ($454/sf) transaction. The property, situated near the I-10 Fwy Washington St on/off ramp is anchored by a new Chipotle Mex...
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• Two-Tenant Retail Building in Scottsdale Sells for $689/sf
12/12/23
The Shipp Family paid $3.65 mil for a 5.3k sf ($689/sf), two-tenant retail building in Scottsdale, AZ. The property, located at 3748 North Scottsdale Rd in the city’s Old Town area, is known as the Salty’s Building.
Good Lif...
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• NewMark Merrill Companies Buys 172k sf Retail Center in Thousand Oaks
12/04/23
NewMark Merrill Companies has acquired a 172k sf retail center located at 145 W. Hillcrest Drive in Thousand Oaks. The asset, renamed the Collection at Janss Marketplace, was sold by Seritage Retail Group.
The center is adj...
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• Rancho Cucamonga Dollar Tree Sells for $4.88 Mil
12/01/23
A 16.6k sf single-tenant, net-leased Dollar Tree in Rancho Cucamonga was purchased for $4.88 mil by Celery Realty Investments LLC. The property was sold by Red Mountain Group, who acquired it earlier this year as part of a la...
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• Shopping Center in Northwest Las Vegas Acquired by L.A. Investor
11/30/23
Decatur 215 Plaza, a fully occupied, 126.7k sf shopping center in Northwest Las Vegas, was acquired by a Los Angeles-based private investor in a recent off-market transaction. The purchase was financed with a senior, short-te...
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• Commercial Real Estate Financing Briefs
11/28/23
CBRE CAPITAL MARKETS - Shaun Moothart, Bruce Francis, Bob Ybarra, Doug Birrell, Nick Santangelo and Jim Korinek with the CBRE Capital Markets Debt and Structured Finance team secured $15 mil in permanent financing for a shado...
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• SoCal Dutch Bros Building Sells for $2,737/sf
11/27/23
A newly constructed, 950 sf Dutch Bros Coffee retail property in Escondido was acquired by a private investor for $2.6 mil, or $2,737/sf. The structure sits on a 0.63-acre lot at 2365 E Valley Pkwy, east of I-15.
Noteworthy ...
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• Arizona Retail Center Trades in $8 Mil Deal
11/27/23
A joint venture managed by Crow Holdings Capital paid $8.075 mil for Shops at Sossaman, a 34.2k sf ($236/sf) neighborhood shopping center in Mesa, AZ. Built in 2002, the property is located at 7641 E. Guadalupe Rd.
The Shops...
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• Houston Grocery-Anchored Center Gets New Owner
11/20/23
Shoppes at Kingsgate, a 156.3k sf, grocery-anchored neighborhood retail center situated within a 14,000-acre master-planned community in Northeast Houston, traded hands in a recent deal.
Built in 1980, renovated in 2013, and...
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• Bay Area El Pollo Loco Goes for $1,269/sf
11/16/23
A 2.6k sf, single-tenant retail building that is triple-net-leased to El Pollo Loco in the Bay Area sold for $3.3 mil ($1,269/sf). The property is located at 910 Andersen Dr in San Rafael.
The property includes a rare Marin ...
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• Two AZ Power Centers Land $88 Mil in Financing
11/16/23
In a recent Phoenix-area financing transaction, a private investor obtained $88 mil for two power centers in the area: Gilbert Gateway Towne Center and Scottsdale Towne Center. The two assets contain a combined 432k sf of spa...
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• Waterfront Redevelopment Opportunity Listed in Downtown Long Beach
11/15/23
In news of a substantial redevelopment opportunity in Long Beach, Golden Shore, a prime 4.73-acre waterfront mixed-use development site in the city’s downtown, has been put on the market. The site is comprised of three parcel...
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• First Retail Tenants at New Hollywood Park Mixed-Use Campus Project Have Opened their Doors
11/14/23
Development of Hollywood Park, a nearly 300-acre, world-class sports and entertainment destination in the city of Inglewood being built by Los Angeles Rams Owner/Chairman E. Stanley Kroenke, is well underway. According to sou...
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• Petaluma Retail Center Lands $9.5 Mil Refi Loan
11/10/23
Plaza North Shopping Center, a 101k sf grocery-anchored retail center in Petaluma was refinanced with a new permanent loan for $9.5 mil. The property, located at 201-313 North McDowell Blvd, is occupied by grocer Lola’s Marke...
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• Demolition of The Yardstick Site Presents Prime Redevelopment Opportunity in Downtown Salt Lake City
11/09/23
Demolition has begun at The Yardstick property in downtown Salt Lake City, UT. The site, covering 0.6 acres at 50-52 East 300 South, in the heart of the city’s central business district, is being offered as a new 60-year grou...
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• Encinitas Office/Retail Building Sells for $1,800/sf
11/09/23
A 1.5k sf, a freestanding mixed-use office/retail building in Encinitas traded in a deal worth $2.725 mil ($1,800/sf). The single-story building sits on 0.13 acres at 264 N Coast Highway 101.
Originally developed in 1936 and...
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• New Construction Pad Building at Palm Desert Shopping Center Sells for $755/sf
11/08/23
A new construction, 8.4k sf multi-tenant retail pad at Monterey Crossing, a newly developed shopping center at the Interstate 10 and Monterey Ave interchange in Palm Desert, sold for $6.34 mil ($755/sf).
Constructed in 2022...
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• Bacchus Management Group to Open New Restaurant at 220 Park Project Nearing Completion in Downtown Burlingame
11/07/23
Bacchus Management Group has signed a lease to transform the restored 1940s-era Burlingame Post Office into an iconic restaurant space at the base of the six-story 220 Park development. The project, a development of Dostart D...
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• Investor Pays $2.7 Mil for Vacant Big Lots Store in Fontana
11/03/23
A vacant, 15.2k sf building in Fontana sold for $2.7 mil ($178/sf). The structure, which sits on a 30k sf lot at 17093 Valley Blvd, is a former Big Lots store.
This Fontana property was sold by Red Mountain Group, which purc...
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• San Gabriel Shopping Center Purchased for $10 Mil by 1031 Exchange Investor
11/03/23
Las Tunas Plaza shopping center, a 17.5k sf neighborhood retail center in the city of San Gabriel, was acquired by a 1031 exchange investor in a $10 mil ($571/sf) transaction. The deal closed at a 4.74% cap rate.
Situated on...
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