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March 19, 2024
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RETAIL HEADLINES
Two New Single-Tenant Retail Properties in Merced Fetch Over $8 Mil
3/19/24
Separate deals are for newly constructed 7-Eleven/gas store asset and a Starbucks store

Arizona Retail Sale Works Out to $66/sf
3/15/24
Purchase is of 189k sf Sun Village Fair in Chandler



Property within Glendale’s “Brand Boulevard of Cars” Trades for Over $3 Mil
3/14/24
Two-building asset goes for $468/sf

Tourmaline Capital Pays $16.7 Mil for OC Retail Center
3/14/24
Anaheim Hills Shopping Village goes for $247/sf

Malibu Mixed-Use Project is Refinanced with $135 Mil Take-Out Loan
3/13/24
JLL arranges first lien on 122k sf Cross Creek Ranch

Babe’s Smokehouse and Tavern Inks Lease at New Indio Center
3/12/24
Deal is at 25k sf Canopy at Citrus

Inland Empire 7-Eleven Property Sells for $1,885/sf
3/12/24
Newly constructed San Bernardino asset includes a Laredo Taco Company restaurant and a gas station

Peak Development Partners and Kristian Cotta of Hungry Investments Buy 5.5-Acre AZ Development Site
3/07/24
Land to be used for construction of retail pad properties

Phoenix Retail Trade Works Out to $287/sf
3/06/24
5.6k sf property goes for $1.6 mil

SLX Development Picks Up 14 Acres in McKinney, TX
3/04/24
Site will be used for a mixed-use project

Local Investment Group Buys 16k sf Retail Center in TX
3/04/24
Shops at The Gate in Frisco consists of two buildings that are fully occupied

Nick Wirick Leads New Retail Team at SRS Real Estate Partners
3/04/24
Additions at the firm’s new Inland Empire office include Chris Beauchamp, Miranda Montgomery and Jessica Henderson

New Labor Law, Rising T.I. Costs and More – JLL Pros Comment on Retail in Los Angeles
3/04/24
Expect to see continued growth of different-sized grocery stores

EverBank Leases former Chase Bank Building in Encino
2/28/24
3.7k sf structure sits on a 7k sf lot

New Drive-Thru Starbucks in Visalia Sells for $3.4 Mil
2/27/24
Single-tenant asset goes for $1,700/sf

Bolour Associates Buys Neighborhood Retail Center in L.A.’s Mid-City Area
2/22/24
$4.5 mil purchase gets a 7.5k sf property currently 75% leased

Newly Constructed Chase Bank Building in Bakersfield Sells for Over $800/sf
2/21/24
3.6k sf single-tenant asset sits in front of a larger shopping center

Riverside Multi-Tenant Retail Asset Lands $12.8 Mil Refi
2/20/24
99k sf property is part of Citrus Landing center

Mixed-Use Building in San Diego’s East Village Offered at $8 Mil
2/20/24
Four-story structure comprised of creative office space over retail

Continental Realty Corporation Acquires 292k sf Retail Asset in Orange County
2/15/24
Purchase of The South Coast Collection in Costa Mesa funded with a $66 mil loan

Utah PetSuites Building Trades for $5.3 Mil
2/13/24
Newly constructed 11k sf structure is in Herriman

Single Tenant Investment Sales Volume Lowest Since 2012
2/12/24
Quarterly sales volume down 31.7% from previous quarter according to Market Snapshot Report from Northmarq

Pleasanton Retail Property Refinanced with New 12-Year Loan for $8.6 Mil
2/12/24
Gantry arranges financing on 120k sf Oak Hills Shopping Center

MOB Investments Buys 75k sf Oregon Neighborhood Center
2/09/24
Village @ Main Street in Wilsonville goes for $25 mil

Single-Tenant Starbucks Near USC in L.A. Sells for $2,177/sf
2/06/24
Local investors trade 1.5k sf asset

AZ Retail Center Gets New Owner in $8 Mil Deal
2/08/24
116k sf The Marketplace at Signal Butte in Mesa goes for $69/sf

Alamo Group and Covenant Real Estate Group Buy 120k sf Washington Retail Center
2/06/24
Walla Walla Town Center was 93% occupied at time of sale

DSW Leases 15k sf Space at Venice Retail Property
2/02/24
Deal is at Combined Properties’ Lincoln & Rose Shopping Center

LA Investor Spends $9.5 Mil on Retail Center in North Las Vegas
1/31/24
28k sf Deer Springs Shoppes trades for $337/sf

Brothers International Holding Corporation Completes $20.5 Mil Refi of San Jose Retail Property
1/30/24
JLL arranges money on 143k sf Almaden Safeway Center

Single-Tenant Raising Cane’s in Imperial Beach Sells for $5.7 Mil
1/24/24
New construction asset picked up by NoCal investor

Local Investor Buys New Conoco-Occupied Property in Las Vegas
1/23/24
Asset fetches just over $7 mil

DPI Retail Buys Inland Empire Shopping Center in $24 Mil Deal
1/25/24
Trade is for 151k sf Tri-City Center in San Bernardino

 
 


 
 
 





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