| Whittier Retail Property Goes for Almost $12 Mil
A 33k sf, dual-tenant retail property in Whittier traded for $11.95 mil, which works out to $361 per square foot and a cap rate of 5.42%. Located across from an Amazon Fresh grocery store and surrounded by retailers such as T...
| BH Properties Buys 362k sf TX Retail Center
BH Properties has acquired Preston Shepard Place, a 361.8k sf community retail center in Plano, TX. The price was not given out.
Built in 1995, Preston Shepard Place sits on 31 acres at the highly trafficked intersection of ...
| Trio of CO Shopping Centers Trade for $10 Mil
Neighborhood Equities LLC purchased a portfolio of three multi-tenant shopping center properties located in Northern Colorado for $10.12 mil. Combined, the assets total just over 60k sf and include Oakridge Shopping Center in...
| Pasadena Retail Property Sells for $490/sf
A 10.2k sf retail property in Pasadena sold for $5 mil, or $490/sf. The property is located at 400 S. Fair Oaks on the northeast corner of S. Fair Oaks Ave and E. Bellevue Drive. The site features over 450 feet of combined st...
| Phoenix’ Arizona Center Signs $8 Mil in Recent Leases
There’s been $8 mil in retail and commercial lease deals at Phoenix’s iconic mixed-use hub, Arizona Center. These include an 11-year lease renewal spanning 22.9k sf with global architectural and design firm, SmithGroup.
| Riverside County Retail Development Breaks Ground
Ground breaking has commenced on Boulder Crossing, a brand new shopping center located at the prime intersection of Winchester Road (Hwy 79) and Domenigoni Pkwy in Riverside County. The new development is entitled to include ...
| Wood Investments Companies Spends Almost $12 Mil on Fresno Shopping Center
Wood Investments Companies Inc has purchased Kings Canyon Pavilion shopping center, a 152.4k sf community center in Fresno, for $11.8 mil ($$77/sf). Built in 2007, Kings Canyon Pavilion shopping center is situated on 14.33 ac...
| Central L.A. Retail Center Lands $64 Mil Refi
Midtown Shopping Center, a 216.8k sf shopping center anchored by Ralphs in Los Angeles, has been refinanced with a new loan for $63.78 mil. The center is located at the junction of Venice Blvd, West Pico Blvd and San Vicente...
| Fully Leased Retail Center in East Palo Alto Trades in $53 Mil Deal
Gateway 101, a 92.1k sf retail center in East Palo Alto, sold for $53.2 mil ($577/sf). The center, fully leased to two national, investment-grade tenants, was sold by Regency Centers Corporation. The buyer was a private forei...
| AZ Single-Tenant Retail Building Sells for $16.2 Mil
A 33.3k sf, single-tenant retail building ground leased to a global discount department and grocery store tenant in Glendale, AZ sold for $16.2 mil ($486/sf). The high-performing store is situated on 3.4 acres at 5845 W. Bell...
| New Retail Asset in Las Vegas Goes for $600/sf
An unnamed, high-net-worth investor paid $3.02 mil for a new, 5k sf ($604/sf) retail property in Las Vegas. The seller was Henry Moradi, also a private investor.
Located at 3875 W. Craig Rd, the property is a free-standing,...
| Six AZ Sunrise Preschool Properties Fetch $16.9 Mil
Six single-tenant Sunrise Preschool locations in Arizona sold in separate deals with a combined price of $16.925 mil. The properties are located in Glendale, Chandler, Mesa (2), Tempe and Phoenix.
Sunrise Preschools current...
| Development of Downtown San Diego Tower on Target with Retail Signing
Target has agreed to take a 36k sf retail space at Cisterra Development’s planned Radian tower development in downtown San Diego. The 255k sf, 22-story retail and residential high-rise project is located in the Ballpark Distr...
| Taconic Capital Advisors and Triangle Capital Group Buy The Spreckels Building in Downtown San Diego
A joint venture between New York-based Taconic Capital Advisors and Triangle Capital Group acquired The Spreckels Building, a 217.2k sf, mixed-use office, retail and theater property in San Diego’s Gaslamp Quarter. The asset ...
| Inland Empire Retail Center Boosted by 43k sf of New Signings
There have been four new lease signings at San Gorgonio Village, a newly developed shopping center totaling approximately 122k sf in the Inland Empire city of Beaumont. The center is located at the southeast corner of 2nd St ...
| 114k sf AZ Retail Center Trades Hands
Rolling Hills Square, a 114.1k sf, grocery anchored shopping center in Tucson was acquired by an affiliate of Portal Investment Management LLC. The asset, situated on 12.36 acres at the southwest corner of Kolb Rd and Golf Li...
| Merlone Geier Partners Makes $39 Mil Retail Purchase in the Inland Empire
Magnolia Tyler Center, a 182.7k sf value-add shopping center in Riverside, was acquired by Merlone Geier Partners in a $39.4 mil ($216/sf) transaction. The center, anchored by Aldi, Bob’s Discount Furniture, Big Lots and Bed ...
| Arc Capital Partners and Belay Investment Group Buy Two High-Ticket Retail Buildings in West Hollywood
Arc Capital Partners in partnership with Belay Investment Group acquired two retail buildings totaling 18.8k sf that are fully leased to three high-credit retailers in West Hollywood. The assets were sold by ASB Real Estate I...
| Half the Retail Space in the First Phase of The Row at Civita is Spoken For
Roughly half of the 18k sf first phase of retail space at The Row at Civita has been leased or is currently under negotiation. The project, a development of Sudberry Properties, is located at 7995 Civita Blvd, at Russell Park...
| Kearny Mesa Retail Center Traded for $16.2 Mil
A partnership controlled by San Diego-based CEG Capital Partners has purchased Convoy Village, a 42.3k sf retail center in San Diego’s Kearny Mesa neighborhood, for $16.2 mil ($383/sf). Originally constructed in 1974, the pro...