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• Bay Area Retail Deal Briefs
4/02/10
WALNUT CREEK (Alameda County) -- 24 Hour Fitness USA Inc leased a 42.3k sf freestanding building located at 2800 Main St. in Walnut Creek. 24 Hour Fitness, which inked a long-term deal, is scheduled to take occupancy in June...
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• Van Nuys Retail Lease is a Cut Above
4/01/10
In a San Fernando Valley retail deal, the Academy of Barbering Arts signed a $1.7 mil, long-term lease for 8.5k sf of space at The Plant retail center in Van Nuys. The trade school is relocating from Northridge to its new loc...
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• Murrieta Retail Property Sells for $444/sf
3/31/10
An 11.7k sf multi-tenant retail property in Murrieta sold for $5.2 mil ($444/sf). Located at 27890 Clinton Keith Rd, the fully occupied property is situated within The Orchard - Stone Creek, a Super Target-anchored regional s...
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Executive Subscriber Price: Free
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• NY-Based Retail REIT Signs Up for Yardi’s Voyager
3/25/10
In the latest biz news from the real estate software industry, Retail Opportunity Investments Corp (ROIC) has selected Yardi Voyager™ as its property management and accounting platform. ROIC, which focuses on retail shopping ...
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• Johnson Capital Provides Financing for Pair of $9 Mil SoCal Deals
3/24/10
Johnson Capital’s Kevin Burkhalter has arranged financing for two $9 mil SoCal transactions, one a retail center and the other an industrial property.
In the other deal, Burkhalter arranged $9.4 mil on a 284.6k sf single-ten...
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• San Diego Retail Activity Update
3/23/10
Here’s a look at a few recent retail transactions from San Diego County. These latest transactions are from Escondido, La Jolla, Kearny Mesa and Mission Valley.
We’ll start in Escondido, where Trader Joe’s agreed to a 10-ye...
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• CA Retail Briefs
3/11/10
SAN DIEGO (San Diego County) -- Ross leased 26.2k sf of retail space at 3450 College Ave, north of Hwy 94 and west of Massachusetts Ave. the 10-year deal is worth $3.8 mil, or about $1.21/sf/mo. Phil Lyons and Bruce Schiff of...
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• Ross Dresses Up Riverside Towne Center
3/10/10
Ross Dress for Less, the national value-priced clothing retailer, has opened the doors on a new Inland Empire store, located at the Riverside Towne Center in Riverside. The retailer agreed to a 10-year lease for 30.3k sf of s...
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• Kohl’s Takes Over Former Mervyn’s Space in Hanford
3/09/10
National department store chain Kohl’s has inked a deal for another California store, this latest one in the central CA city of Hanford, located about 30 miles south of Fresno. The Milwaukee-based retailer signed a 20-year le...
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Executive Subscriber Price: Free
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• CA Retail Briefs
3/05/10
ANAHEIM (Orange County) -- Planet Fitness, a franchise-driven health club, inked a lease for 20.4k sf of space at Euclid Shopping Center, located at 1620 W. Katella Ave, at the southeast corner of Euclid St and Katella Ave in...
Price: $3.99
Executive Subscriber Price: Free
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• Venice Beach Development Site Sells in 16 Days
3/04/10
A mixed-use development site on the Strand in Venice traded hands at a price of $325/sf, one of the most expensive sales on a per square foot basis in the area for many years. The oceanfront property, located at 305-309 South...
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• OC Retail Center Trades for over $600/sf
3/03/10
A La Habra-based investor has acquired an 8k sf, three-tenant retail property in Fullerton for $4.98 mil, or about $620/sf. Located adjacent to St. Jude Medical Campus at 1981 Sunnycrest Dr, south of Bastanchury Rd and a bloc...
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• Inland Empire Lifestyle Center Hits the Market
3/02/10
HFF Senior Managing Director Ryan Gallagher and Directors Kelly Rohfeld, Bryan Ley and John Crump will market the property on behalf of the seller, a bank consortium group. There is no formal asking price for the property.
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• AZ Investor Shapes Up with LA Fitness
2/24/10
An Arizona-based opportunity closed on a notable Inland Empire retail buy, paying $9.21 mil for a 45k sf ($205/sf) LA Fitness in the city of Highland. Located in the southeast quadrant of I-210 and Greenspot Rd, LA Fitness i...
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• Southwest Retail Briefs
2/23/10
CODY, WY (Park County) -- A new 13.7k sf Walgreens located at the signalized intersection of Sheridan Ave and 16th St in downtown Cody sold for $5.15 mil ($376/sf). Built in 2009, the Phil Sambazis and Brandon Hanks with Marc...
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• Wilson Commercial Enjoyed a Successful 4th Quarter 2009
2/22/10
SoCal-based Wilson Commercial Real Estate closed out 2009 with a successful fourth quarter, having brokered 13 big box leases during that time. Currently, the company handles leasing for over 90 retail properties totaling 8....
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Executive Subscriber Price: Free
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• Watt Gets Underway with Redevelopment Project at Harbor City Property
2/19/10
Watt Commercial Properties has broken ground on a $14 mil redevelopment effort at the nine-acre Palo Woods shopping center in Harbor City. The plans include converting the existing Kmart building into two separate retail spa...
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Executive Subscriber Price: Free
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• Mother’s Market & Kitchen Relocating within Costa Mesa
2/18/10
Mother’s Market & Kitchen signed off on a new 10-year lease for a 25k sf building in Costa Mesa. Mother’s is anticipating a spring 2010 grand opening for the new store, located at 1890 Newport Blvd, at the intersection with ...
Price: $3.99
Executive Subscriber Price: Free
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• 1031 Exchange Investor Picks Up NNN-Leased Retail Site in Menifee
2/16/10
A 1031 exchange investor purchased the fee-simple ownership in land leased to a single-tenant NNN Red Robin Restaurant in Menifee for $2.04 mil. The freestanding 6k sf pad building is located on 1.37 acres at 30142 Haun Rd, w...
Price: $3.99
Executive Subscriber Price: Free
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• Corona Wells Fargo Bank Building Sells for Over $500/sf
2/12/10
A 5k sf Wells Fargo Bank building in Corona sold for $2.6 mil ($520/sf) as part of a four-parcel break-up strategy for The Shops at Sycamore Creek. The property is situated on .75 acres at 11764 De Palma Rd, on the west side ...
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Executive Subscriber Price: Free
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