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January 31, 2023
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RETAIL HEADLINES
Simi Valley Retail Center Sells for $22 Mil
1/31/23
85k sf Griffin Plaza purchased by a private investor

Arizona Retail Center Trades for $289/sf
1/30/23
River Center in Tucson is fully leased and anchored by Whole Foods and Walgreens



AZ Retail Center Traded for $237/sf
1/25/23
Deal for 69k sf Red Mountain Plaza in Mesa

Five Signings Bring Retail Portion of New San Diego Mixed-User to Fully Leased
1/24/23
5826 – 5854 Montezuma project located near San Diego State University campus in San Diego

Newly Constructed Menifee Retail Center Sells for almost $600/sf
1/20/23
Sale is of 42k sf Center Pointe

91k sf Retail Center in the East Bay Gets New Owner
1/20/23
Deal is for Pinole Square

Seattle Area Retail Property Sells for $737/sf
1/17/23
Private investors trade 3.8k sf asset in Everett

Tova Capital Closes $6.2 Mil Retail Buy in Long Beach
1/12/23
Firm pays $180/sf for fully occupied, 34.5k sf property in the city’s downtown area

SRS Real Estate Partners’ National Net Lease Group Sold 22 Chick-fil-A Occupied Properties in 2022
1/11/23
Deals represent 32% of all such sales for the year

Ventura County Shopping Center Lands New Owner in $19.5 Mil Deal
1/10/23
82k sf Simi Valley Promenade sells for $237/sf

Sacramento Area Retail Center Lands $16.75 mil Refi
1/09/23
Gantry arranges new loan on 135k sf Market Place at Town Center in El Dorado Hills

Downtown Denver Retail Asset Goes for $370/sf
1/05/23
$11.8 mil deal is for The Shops at Riverfront Park

Transnational Management Spends $23.7 Mil on WA Retail Asset
1/03/23
Year-end buy is of 83k sf Greentree Plaza in Everett

Marcus & Millichap President and CEO Hessam Nadji Elected to ICSC Board of Trustees
12/30/22
Selection marks first brokerage CEO appointed to this position

Rams Owner Kroenke Spends $325 Mil on Woodland Hills Retail Center
12/29/22
Site of The Village in Warner Center expected to be combined with adjacent acquisitions for massive mixed-use project

Union Bank Sells Five San Diego Area Branches for $19 Mil
12/23/22
Two properties are in the city, while others are in Lemon Grove, Imperial Beach and Brawley

NoCal Chick-fil-A Single-Tenant Property Sells for $2,167/sf
12/23/22
Private investor pays $10.4 mil for new Livermore location

Grocery-Anchored Retail Center in Lahaina, Hawaii Trades in $37 Mil Deal
12/23/22
U.S. Realty Partners Inc buys 136k sf Lahaina Gateway

Tucson Retail Center Goes for $225/sf
12/21/22
Exchange investor spends $22 mil on 97k sf Silverbell Plaza

Thousand Oaks Retail Center Refinanced with New Loan for $84.7 Mil
12/19/22
Financing on 456k sf Janss marketplace arranged by JLL

Los Angeles County Retail Market Outlook Q3
12/13/22
Region’s retail market showed growing demand as retailers pivot back to brick and mortar in Q3

Adjacent Single-Tenant Retail Properties in Riverside Trade in $4.22 Mil of Deals
12/12/22
Buildings go for $920/sf and $614/sf

New Jersey Investor Spends $6.8 Mil on Phoenix Retail Property
12/08/22
58k sf Westridge Shopping Center was 81% leased at time of sale

EDENS Picks Up LA. County Retail Portfolio for $136 Mil
12/06/22
Trio of assets in the San Gabriel Valley were sold by Combined Properties

Carlsbad Retail Asset Sells for $976/sf
12/05/22
4.6k sf center sits below the 11-unit Grand Madison res condo project

San Fernando Valley 7-Eleven Property Sells for $1,840/sf
12/02/22
2.5k sf asset in Chatsworth goes for $4.6 mil

Investor Exchanges into Three-Property, $17.7 Mil Retail Buy
12/01/22
Acquisition includes assets occupied by Service King Collision Repair Centers, Tire Works and QuickTrip

Bill Shopoff Interviewed in First Episode of Commercial Real Estate Talk
11/28/22
President & CEO of Shopoff Realty Investment talks about his background and discusses his current wide ranging projects with Steve Bloom and Arnie Garfinkel in premiere episode of the program

Schuman Companies Acquires 169k sf Loveland Outlets’ North Parcel for $15 Mil
11/28/22
Purchase is part of buyer’s plans to reposition Colorado site into retail/office/flex development

Buyers Pick Four Up Former Sears Sites in California
11/22/22
Fairfield, Ventura, Salinas and Sacramento assets were sold by a single investor

Fully Leased Neighborhood Center in Chino Goes for $8.4 Mil
11/18/22
Purchase includes 20.6k sf structure and 2.5 acres of undeveloped land



 


 


 


 
 





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