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• Opportunities Emerge in L.A. County Retail Market Despite Slow Recovery
7/29/24
This report provided by real estate services firm NAI Capital Commercial
MARKET OVERVIEW
L.A. County's retail market recovery, four years post-pandemic, continues at a slow pace. In Q2 2024, the retail sector saw another u...
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• Landmark Yamashiro Restaurant Property in Hollywood Offered for Sale
7/24/24
Here's news of a very unique investment/redevelopment opportunity in Hollywood that’s just hit the market. The property is the 7.3-acre Yamashiro restaurant site located at 1999 N. Sycamore Ave, north of Franklin Ave and west...
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• Work Gets Underway on Initial Phase at Gilbert, AZ Mixed-Use Project
7/23/24
Work has started on phase one of Northside at SanTan Village, a brand new mixed-use development that will bring high-end retail, restaurant and hotel amenities to the SanTan Village submarket in Gilbert, AZ. The project is a ...
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• El Cajon Retail Property Sells for $1,662/sf
7/23/24
In a retail sales comp out of San Diego County, a 3.4k sf, freestanding building in El Cajon was purchased by a private investor in a recent $5.65 mil ($1,662/sf) transaction.
The building is located at 706 Fletcher Pkwy, w...
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• Rosauers Supermarkets Inks Lease at New 196-Acre Mixed-Use Development Near Bozeman, MT
7/23/24
Rosauers Supermarkets has signed a long-term lease at the new Jackrabbit Crossing live/work/shop development in Belgrade, MT. The 196-acre, master-planned, mixed-use project is located within Montana’s Gallatin Valley, near B...
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• SoCal Raising Cane’s Trades at 4.65% Cap Rate
7/22/24
A single-tenant, net lease property occupied by Raising Cane’s Chicken Fingers Drive-Thru in Carson sold for $7.53 mil, representing a cap rate of 4.65%. The buyer was an Orange County investor completing a 1031 exchange.
Th...
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• Mixed-Use Building in Downtown L.A.’s Historic Core Sells for $200/sf
7/22/24
An 80k sf creative office/retail building in Downtown Los Angeles' historic core traded hands in a $16 mil ($200/sf) transaction. The six-story structure is located at 612 S. Broadway.
Originally built in 1924 as Desmond's D...
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• Sparkz Lights Up Leasing Activity at Sacramento Area Biz Campus
7/19/24
Sparkz Inc, a Livermore-based battery technology company, inked a lease for a 125.7k sf building at Metro Air Park in what we’re told is the largest new lease in the greater Sacramento region in 2024 year-to-date. Located at ...
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• Oceanside Shopping Center Traded in $56 Mil Deal
7/19/24
Marketplace del Rio, a 183.3k sf, high-quality neighborhood shopping center in Oceanside, was acquired by a nigh-net-worth investor in a $56.6 mil ($309/sf) transaction. The Stater Bros.-anchored center is situated on over 2...
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• Single-Tenant First Watch Restaurant Property in Tucson Sells for Nearly $1,000/sf
7/16/24
A Los Angeles-based private investor purchased a newly renovated, single-tenant property occupied by First Watch restaurant in Tucson, near the University of Arizona. The 4.2k sf structure, which features a drive-thru/pick-up...
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• El Segundo Industrial Facility Being Converted into a California SMASH - Pickleball and Social Club
7/16/24
California SMASH - Pickleball and Social Club inked a lease for a 25.3k sf building in El Segundo for a new California SMASH - Pickleball and Social Club. The converted industrial building is located at 815 N. Nash, east of S...
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• The Haagen Company Refinances AZ Power Center with New Loan for $29 Mil
7/08/24
The Haagen Company obtained a $29.2 mil permanent loan to refinance Goodyear Centerpointe, a 320k sf retail power center in Goodyear, AZ, a suburb of Phoenix. The center, located at 15277-15475 W. McDowell Rd, features an inl...
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• L.A. County Commercial Real Estate Faces Summer Slowdown Amid Rising Vacancies and Mixed Rent Trends
7/05/24
This report provided by real estate services firm NAI Capital Commercial
Los Angeles County's commercial real estate markets slowed in the first half of 2024, heading into the slow days of summer, with vacancy rates rising, ...
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• Rhino Investments Spends $24.6 Mil on OR Retail Center
7/05/24
Rhino Investments, out of Las Vegas, purchased Grants Pass Shopping Center, a 277.4k sf retail center in Grants Pass, OR. The property was sold by LNR Partners in a $24.65 mil ($89/sf) transaction.
Located at 820-1160 NE D S...
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• Mixed-User in Del Mar Goes for $283/sf
7/03/24
Polo Plaza, a 63.6k sf mixed-use property located in Del Mar, sold for $18 mil, or $283/sf. The buyer was Brixton Capital.
The property is located at 3702 and 3790 Via De La Valle, nestled between the entrance to idyllic R...
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• Absolute Ground Lease for a Single-Tenant McDonald’s in Fountain Valley Sold for $3.85 Mil
7/02/24
A single-tenant property occupied by a McDonald’s Drive-Thru in Fountain Valley sold for $3.85 mil for the absolute triple-net ground lease, representing a 3.55% cap rate. Built in 2011 on 1.04 acres, the 3.5k sf McDonald’s i...
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• Upscale Retail Center in Malibu Trades in a Deal Worth Near $2,000/sf
7/02/24
The Park at Cross Creek, an upscale, 39.4k sf retail center anchored by a custom-built Whole Foods Market in Malibu, has traded hands. Situated on just under six acres at 23401 Civic Center Way, the asset was sold by The Gers...
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• Historical Property in Santa Monica Trades for $1,660/sf
6/27/24
A 1.5k sf retail property in Santa Monica traded hands for $1,660 per square foot in a recent $2.49 mil sale. Located at 3116 2nd St, the building formerly housed The Powerhouse theater.
The property is on the list of Califo...
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• SoCal Coastal Retail Pad Building Sells for Over $2,200/sf
6/26/24
A 1.4k sf pad retail building on a 16.7k sf lot sold for $3.1 mil, or $2,214/sf. The property is in a coastal location at 1967 San Eijo Ave, adjacent to the Cardiff Seaside Market Center and directly across from San Elijo Sta...
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• Strip Center in West Covina Goes for Over $300/sf
6/26/24
A 7.8k sf retail strip center in West Covina sold for $2.44 mil, or $312/sf, in an all-cash deal. The multi-tenant center, located at 532-540 North Azusa Ave, just north of the I-10 Fwy, was 100% occupied at the time of sale....
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