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• Two Single-Tenant Retail Investments in Imperial Valley Sell for Almost $6 Mil
7/06/23
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
6/29/23
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
6/28/23
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
6/27/23
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
6/21/23
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
6/20/23
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
6/16/23
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
6/16/23
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
6/15/23
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
6/15/23
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
6/14/23
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
6/13/23
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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• Investor Lands $53 Mil Loan on AZ Retail Center
6/12/23
An unnamed private investor has obtained $53.4 mil permanent loan to retire construction debt for the first phase of a multi-phase retail project. The project, The Village at Prasada, is a 700k sf retail power center located ...
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• Concepts Inc Buys 54k sf Phoenix Retail Center
6/07/23
Concepts Inc purchased Ahwatukee Mercado, a 54k sf retail center in Phoenix. Located at 4747 East Elliot Rd, the 95% leased center is shadow-anchored by a Safeway Grocery Store. The price was not disclosed.
The property incl...
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• OC Shopping Center Traded in $36.5 Mil Deal
6/06/23
A Newport Beach private investor purchased Bristol Place, a 61.5k sf, multi-tenant shopping center shadow-anchored by Target in Orange County’s South Coast Metro, in a $36.5 mil ($593/sf) transaction. The property was sold by...
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• Simi Valley Restaurant Building Gets New Owner in $2 Mil Deal
6/05/23
A 5.7k sf restaurant building in Simi Valley traded hands in a recent $2 mil ($350/sf) deal. The property, located at 698 E Los Angeles Ave, is a free-standing building within the Woodlands Plaza neighborhood center anchored ...
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• Milan Capital Lands $12 Mil Refi on Oceanside Retail Center
6/05/23
Milan Capital Management has obtained a $12.05 mil refi loan on Mission Promenade, a 105.7k sf, dual grocery-anchored shopping center in Oceanside.
Built in 1972 and renovated in 1999, Mission Promenade is currently 97% occu...
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• New Mountainside Fitness-Leased Retail Building in the Phoenix Area Secures $7.65 Mil in Financing
6/02/23
A new 40k sf retail building in the greater Phoenix area that is 100% leased to Mountainside Fitness, a health club operator with 19 Phoenix Region locations, has been financed with $7.65 million of construction-to-permanent ...
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• Auto Dealership Entity Buys 65k sf Retail Property in Fort Collins, CO
5/31/23
An entity affiliated with Fort Collins-based Dellenbach Chevrolet Inc purchased a 65.5k sf retail property in Fort Collins, CO for $9.25 mil ($141/sf) in an off-market transaction. The property is located at 200 W. Foothills ...
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• New Mercedes-Benz Classic Center Completed in Long Beach
5/23/23
Mercedes-Benz USA has completed work on the world’s second Mercedes-Benz Classic Center, an international destination for the luxury brand’s car enthusiasts. Designed by interior architectural design firm Hendy, the Long Beac...
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