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September 23, 2023
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• Work Started on Retail Center in OC’s Little Saigon District
Construction has broken ground on Bolsa Row Terrace, a new 26.2k sf shopping and dining destination in Orange County’s Little Saigon District, home to the nation’s largest Vietnamese-American population. The project is being ...
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• Theater Property in Mesquite, NV Sells for $4 Mil
Tacoma, WA-based Harts Lake LLC has purchased a six-screen movie theatre fully occupied by Larry H. Miller Megaplex Theatres in Mesquite, NV for $4 mil. Built in 2007, the property is situated on three acres of land at 749 We...
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• L.A. County's Retail Market Struggles to Rebound in Q2 2023
This report was provided by commercial real estate services firm NAI Capital Commercial MARKET OVERVIEW In Q2, the changing economy caused a slowdown in L.A. County's retail market. Landlords with non-prime retail space exp...
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• Trio of Carlsbad Retail Properties Fetch $23.5 Mil
Three retail properties in Carlsbad -- King’s Fish House, P.F. Chang’s and BJ’s Restaurant – sold to separate buyers in deals totaling $23.525 mil. The properties, all located along Paseo Del Norte, were sold by California-ba...
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• Wood Investments Companies Spends $7 Mil at 99 Cents Only Store in San Clemente
Wood Investments Companies Inc has acquired a 25.5k sf, freeway-visible retail property occupied by a 99 Cents Only Store in San Clemente, in an off-market transaction. The purchase price was $6.95 mil ($272/sf). The 99 Cent...
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• The Woodmont Company Starts Work on TX Retail Project
The Woodmont Company has started construction on Berkshire Corner, a 12k sf shopping center in north Fort Worth, TX. The center will offer a comprehensive selection of amenities and experiences to meet the evolving needs of t...
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• Private Investor Spends Just Over $7 Mil for Corona Car Wash
Merit Auto Spa, a full-service car wash center in Corona, sold in a $7.157 mil transaction that included both the business and the real estate. The recently renovated car wash, located at 465 N. McKinley St, is an outparcel t...
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• L.A. Investor Buys New Mexico Single-Tenant Raising Cane’s Property
An L.A.-based private investor purchased a brand-new construction, single-tenant property occupied by a Raising Cane’s Chicken Fingers Drive-Thru restaurant in Albuquerque, NM. The sale was for an absolute, triple-net 15-year...
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• Two Single-Tenant Retail Investments in Imperial Valley Sell for Almost $6 Mil
Two new construction single-tenant net-leased retail investments were acquired in separate deals with two different buyers as part of a break-up sale strategy at a new retail development in Southern California’s Imperial Vall...
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• SoCal Investor Exchanges into TX Retail Property for $6.3 mil
A SoCal-based private investor paid $6.3 mil for a 4.8k sf ($1,312/sf) retail property in New Braunfels, TX occupied by 7-Eleven with a Laredo Taco restaurant on-site as well. The property was sold by Prudent Development. Bu...
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• UFC GYM Leases Former Tower Records Building in Brea
UFC GYM has leased the 30k sf, former Tower Records property in the heart of Brea’s downtown shopping and entertainment district. The new gym is expected to open in the third quarter of 2023. The property is owned by Wood Inv...
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• Fresno Shopping Center Fetches Nearly $16 Mil
Ash Tree Square, an 80.9k sf shopping center in Fresno, was purchased by an Oakland-based private investor in a $15.8 mil ($195/sf) transaction. The property is situated on 7.47 acres at 1029-1077 East Shaw Ave, at one of the...
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• Huntington Beach Retail Center Sells for $29 Mil
In a recent OC retail trade, Adams Marketplace, a 65.1k sf, top-performing, grocery-anchored center located within coastal Orange County in Huntington Beach, traded for $29 mil ($445/sf). Built in 1974 and renovated in 2022...
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• Whitestone REIT Spends $25 Mil on AZ Retail Center
Whitestone REIT has purchased Arcadia Towne Center, a 70k sf grocery center located at 4730 E. Indian School Rd in Phoenix. The asset was sold by LNR Partners in a $25.3 mil deal. The center expands Whitestone’s footprint in...
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• New Mexico Retail Center Hits the Market at Just Under $16 Mil
Here’s news of a retail property that has just been put on the market. The property, Cottonwood Collection, is a 157.9k sf structure that is 100% occupied by Hobby Lobby, Home Life Furniture, and Mor Furniture. The asset, an ...
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• New Mixed-Use Center in Verrado, AZ Breaks Ground
Sunrise Market, a Class A, 35k sf mixed-use center in Verrado, AZ, has broken ground. Located at the southeast corner of Village St and Sunrise Lane, the center is anticipated to complete construction in January 2024. The c...
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• Single-Tenant Starbucks Property in Inglewood Sells for $5k/sf
A 1k sf, single-tenant property occupied by Starbucks in Inglewood sold for $5.1 mil. Built in 2021, the property is situated on .4 acres at 801 E. Manchester Blvd, within walking distance to SoFi Stadium, The Forum and the u...
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• Riverside Shopping Center Lands $37 Mil in Financing
Regional Properties has obtained $37 mil in financing for Mission Grove Plaza, a 248.1k sf shopping center in Riverside. The property is located at 121 – 383 East Alessandro Blvd, east of I-215 at Trautwein Rd. The 16-build...
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• Blatteis & Schnur Secures $27 Mil to Build Spec Retail Project Along Santa Monica’s Third Street Promenade
Here’s news of a spec retail development along Santa Monica’s iconic Third Street Promenade. The three-story, 25k sf project is being developed by Blatteis & Schnur, who are replacing a 77-year-old mixed-used building that th...
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• Starbucks-Anchored Retail Pad in Riverside Trades for $699/sf
A recently constructed, four-tenant net-leased investment anchored by a Starbucks Drive-Thru in Riverside traded for $4.89 mil. Built in 2020, the 7k sf ($699/sf) pad building sits on 1.14 acres at 22420 Van Buren Blvd. The ...
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