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April 20, 2024

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RETAIL HEADLINES

La Mesa Store Property Sells for $450/sf
4/19/24

14k sf building is the former location of a Lamps Plus store

Namoo Korean BBQ Leases Retail Space on L.A.’s Westside
4/18/24

Restaurant takes 5k sf at Marina Marketplace

Corona Retail Asset Sells in $7.8 Mil Deal
4/17/24

20k sf Main Street Village Center purchased by Pacific Petroleum

Partners Capital and CNR Retail to Convert Older Vegas-Area Office Complex into a Lifestyle Retail Center
4/17/24

$30 mil redevelopment project has been named The Cliff

BridgeCore Capital Introduces New Bridge Loan Program for Vacant 99 Cents Only Stores
4/17/24
Loans expected to range between $500k and $3 mil

Regional Center in the L.A Area Trades in $66 Mil Deal
4/16/24

TRC Retail pays $574/sf for 115k sf La Canada Flintridge Town Center

AZ Shopping Center Fetches $319/sf
4/11/24

Whitestone REIT pays over $22 mil for 69k sf Scottsdale Commons

Yohar Renaud and Kyle Herting Join CBRE
4/10/24
They both will specialize in retail leasing as vice presidents

Private Investors Trade Desert Hot Springs Retail Property in $6 Mil Transaction
4/03/24

33k sf multi-tenant asset is part of Hacienda Palms shopping center

NewMark Merrill Companies Picks Up CVS Pharmacy Property in Orange County
4/01/24
Asset is part of 143k sf Placentia Town Center

NewMark Merrill Companies Awarded Management Assignment for Popular NoCal Retail Destination
3/29/24

Firm will manage 372k sf The Nut tree and Nut Tree Plaza in Vacaville

OC Retail Strip Center Trades for $648/sf
3/29/24

Exchange investor pays $6.2 mil for Newport and Walnut Center in Tustin

Neighborhood Retail Center in Phoenix Refinanced with New Loan for $5.3 Mil
3/27/24

Deal is for MDC Realty Advisors’ 25k sf Camelback East Shops

Construction Started on Res Development in the City of Walnut
3/25/24

Terraces at Walnut will contain 290 residential units and 17k sf of retail space

Inland Empire Pilot Flying J Travel Center Trades at 4.9% Cap Rate
3/25/24

Jurupa Valley asset purchased by an Irvine investor for $14 mil

Palmetto SuperFoods Inks Lease at New Building in San Francisco’s SouthPark Neighborhood
3/21/24

Urban Land Development’s 531 Bryant Street Offers 48k sf of office over ground floor retail space

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

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

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

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