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• Wood Investments Companies Secures $39 Mil in Refinancings on Two Idaho Retail Centers
8/15/23
Wood Investments Companies Inc has secured $39.1 mil in permanent loans for two prominent shopping centers in the Boise metropolitan area: Gateway Marketplace and CentrePoint Marketplace. Both shopping centers, situated in th...
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• Seven-Property EoS Fitness Portfolio Trades for $94 Mil
8/14/23
A portfolio of seven single-tenant, EoS Fitness properties was acquired by a publicly traded REIT in a $94 mil transaction. Five of the assets are located in Arizona and two are in Florida.
The portfolio was comprised of thr...
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• Avondale, AZ Starbucks Relocates into Larger Store Next Door
8/11/23
Starbucks has leased a 3.1k sf store in Avondale, AZ. The store, located at 10655 W. Indian School Rd, features the Valley’s first-ever Starbucks double drive through with two order points.
The lease relocates Starbucks fro...
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• Retail Building in Banning Sold for $393/sf in Exchange Deal
8/11/23
A 17.3k sf retail building in Banning was acquired by a local private investor completing a 1031 exchange for $6.8 mil ($393/sf). The single-tenant property is occupied by Rite Aid on a double-net lease.
Built in 2009, the ...
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• DMI Real Estate Collects $25.5 Mil from Sales of Two OC Shopping Centers
8/09/23
DMI Real Estate has sold a pair of newly renovated, stabilized retail shopping center assets in Orange County to separate buyers in deals totaling $25.5 mil. According to Cushman & Wakefield tracking, the sale of the combined...
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• Office/Retail Building in Hawaii Sells for $7.5 Mil
8/08/23
The leasehold interest in a two-story, 30.5k sf retail/office property anchored by Planet Fitness and located at 75-1000 Henry Street in Kailua-Kona, HI, traded for $7.5 mil ($246/sf).
Built in 1997 and situated on 1.49 ac...
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• Costa Mesa Mixed-Use Investment Trades for $3.2 Mil
8/08/23
A 7.5k sf, mixed-use property in Costa Mesa traded hands in a $3.2 mil transaction. The property, comprising 12 residential apartment units and a street-front retail building, sold for $425 per square foot and $246.2k per uni...
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• OC Superior Grocers Property Sells for $200/sf
8/02/23
A 34.2k sf, single-tenant retail property occupied by Superior Grocers in Buena Park was purchased by a SoCal-based investor in a $6.875 mil ($201/sf) deal. Superior Grocers is an independent supermarket chain with more than ...
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• CGI+ Real Estate Investment Strategies Finishes Lazy Acres Store in L.A.’s Los Feliz Neighborhood
8/01/23
Work has been completed on a 31k sf, stand-alone grocery store in Los Angeles’ Los Feliz neighborhood on behalf of Lazy Acres Natural Market. For the Santa Barbara-based grocery store chain, the location is the firm’s sixth...
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• Multi-Tenant Retail Building in Modesto Trades for $642/sf
8/01/23
A 6.4k sf, multi-tenant retail pad building shadow-anchored by a Save Mart grocery store in Modesto sold for $4.11 mil ($642/sf). Built in 2018, the three-tenant retail pad building is located on 0.61 acres at 3601 Pelandale ...
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• Investor Foots the Bill for Vans Store in Long Beach
7/31/23
A 3.7k sf, single-tenant retail property occupied by Vans in the historic Belmont Shore neighborhood of Long Beach sold for $4.325 mil ($1,153/sf). Built in 1926, the property is located at 5232 2nd St.
The asset is triple n...
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• Trio of New Leases Bring Inland Empire Center to 100% Leased
7/28/23
There have been three new leases totaling 24.2k sf at Canyon Springs Marketplace in Riverside, bringing the 183k sf regional center to 100% leased.
Located at Day St and Canyon Springs Pkwy, the property is adjacent to the...
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• Work Started on Retail Center in OC’s Little Saigon District
7/27/23
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
7/27/23
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
7/24/23
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
7/24/23
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
7/18/23
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
7/18/23
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
7/17/23
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
7/11/23
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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