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• Equity Residential Closes Seattle Mixed-Use Acquisition
2/12/10
Equity Residential acquired Rianna I and Rianna II, neighboring properties in Seattle that contain a combined 156 apartment homes and retail units including Starbucks and Subway. Built in 2000 and 2002, the properties are loc...
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• Local Investor Group Purchases Fountain Valley Retail Center for $11 Mil
2/11/10
Mile Square Plaza, a three-building, 44k sf retail center in Fountain Valley, was acquired by a group of private investors for $11 mil ($250/sf). The center is located at 16501-16581 Brookhurst St, north of Warner Ave and eas...
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• Landmark Retail Group Overseeing Aggressive CA Expansion for CVS/pharmacy
2/09/10
SoCal-based Landmark Retail Group (LRG) enjoyed a successful partnership with CVS/pharmacy in 2009, having opened seven new stores in the region over the course of the year. LRG also has 20 more CVS store sites approved in So...
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• Watt Chalks Up Almost 170k sf in SoCal Retail Signings since October 2009
2/05/10
SoCal-based Watt Commercial Properties racked up eight new leases and renewed six existing lease contracts with retailers since October 2009. In all, these lease deals comprise approximately 168k sf of space in neighborhood s...
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• Investec Closes $21 Mil Chula Vista Retail Buy
2/04/10
In a notable San Diego-area retail buy, Investec has acquired The Plaza at Sunbow, a 100k sf shopping center in Chula Vista, for $21 mil ($210/sf). Located at 659 E. Palomar St, east of I-805 and north of Olympic Pkwy, The P...
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• Retail Leasing is Fresh & Easy in Oceanside
2/03/10
Fresh & Easy Neighborhood Market has inked a deal for a new 13.9k sf store at the former Armstrong Garden Center site in Del Oro Marketplace, located at 4131 Oceanside Blvd, just west of College Blvd in Oceanside. The 15-year...
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• Cushman & Wakefield Sonnenblick Goldman Arranges $33 Mil on Trio of Retail Properties
2/02/10
Cushman & Wakefield Sonnenblick Goldman has arranged a $33 mil senior loan secured by three shopping centers on behalf of a joint venture between Kimco Realty Corporation and investors advised by Prudential Real Estate Invest...
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• Retailer’s Bay Area Expansion Plans are on Target
2/01/10
Target Corporation has been on the move in the Bay Area, having recently acquired 10 acres of land in San Jose in addition to a 117.8k sf retail building in Oakland as part of the discount retailer’s plans for two new store o...
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• Retail Briefs
1/28/10
LAKESIDE (San Diego County) -- Rocky Home Plaza Shopping Center in Lakeside has been purchased by Rocky Home Plaza Inc. for $7.34 mil ($180/sf). Located at 9530-9562 Winter Gardens Blvd, the 40.8k sf retail center is currentl...
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• Stoneridge Capital Partners Goes on a $50 Mil Shopping Trip in Hawaii
1/26/10
Newport Beach-based Stoneridge Capital Partners recently closed on a $50 mil retail acquisition in Hawaii. The property, Mililani Community Shopping Center, is one of two principal retail centers in the master-planned communi...
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• La Quinta Shopping Center Receives LEED Gold for Core and Shell
1/25/10
Jefferson Square shopping center, a 37.5k sf neighborhood retail center located at the corner of Jefferson St and Fred Waring Rd in the Inland Empire city of La Quinta, received LEED for Core and Shell Gold certification by t...
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• Reve Investments Leases Hollywood Space for New Nightclub
1/22/10
In the latest Hollywood retail activity, Reve Investments Inc leased a 6.9k sf restaurant space and also acquired the nightclub business licenses at 1714-1718 Vine St, within the Hollywood Entertainment District, at Hollywood...
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• Northgate Gonzalez Markets Takes 77k sf Oxnard Retail Space
1/21/10
Anaheim-based Northgate Gonzalez Markets, which specializes in groceries, produce, meats and prepared foods for the Hispanic market, has acquired a 30-year lease on a 77k sf space at the Centepointe Center in Oxnard. The prop...
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• Dollar Tree Grows by another 60 Feet
1/20/10
Dollar Tree Stores Inc, one of the biggest discount variety store chains in the country, recently inked deals for six new SoCal locations. The retailer operates nearly 4,000 stores, selling everything for $1 or less. Here’s a...
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• Venice Retail Center Renovation Project an ICSC Silver Award Winner
1/19/10
Lincoln & Rose Shopping Center in Venice was named the Silver Winner of an International Council of Shopping Centers (ICSC) U.S. Design and Development Award in the Renovation or Expansion of an Existing Property category. T...
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• HFF Arranges Nearly $11 Mil on San Diego-Area Retail Center
1/18/10
The Orange County office of HFF (Holliday Fenoglio Fowler, L.P.) has arranged $10.8 mil in refi money for Tierrasanta Town Center, a 126.3k sf Albertson’s and Rite Aid-anchored retail center in San Diego’s Tierrasanta submark...
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• Canyon Johnson Urban Fund Finances Renovation of OC Shopping Center
1/15/10
Brea Plaza, a 150k sf neighborhood shopping center owned by BOSC Equities and located at 835 E. Imperial Hwy in northern Orange County, is about to undergo a major renovation thanks to $28 mil in new financing provided by Can...
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• San Diego Retail Asset Trades for $165/sf
1/14/10
A 10.9k sf retail center located at 2901-2917 University Ave, in the North Park community of San Diego, has sold for $1.8 mil ($165/sf). The buyer intends to hold the retail center as an investment.
The center, which is conv...
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• Denver PETCO Property Trades for Near $8 Mil
1/13/10
A 23.1k sf, single-tenant PETCO-occupied property in Denver, CO changed hands in a recent $7.8 mil ($339/sf) transaction. The property is situated on 1.4 acres at 4100 E. Mexico Ave, just east of Colorado Blvd.
Built in 1993...
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• San Jose Retail Center Fetches $52 Mil
1/12/10
An affiliate of AEW Capital Management has acquired Stevens Creek Central Shopping Center, a 196k sf community shopping center in San Jose, for $52 mil ($265/sf). The institutional-quality property is located on Stevens Creek...
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