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• Poway Center Ends Up on Greenstreet in $30 Mil Sale
9/05/07
An affiliate of NY-based Greenstreet Real Estate Partners has acquired Poway Crossings, a 114.8k sf retail center at 12622-13224 Poway Rd in Poway, for $30.7 mil ($267/sf). It was sold by Westcore Properties, out of San Diego...
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• Retail Sales Review
9/04/07
For those of you who follow retail sales comps, we've got three recent West Coast deals to report, two from SoCal, in Hollywood and Castaic, along with a transaction from further north, in Oregon City, OR.
We'll lead off wi...
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• Yorba Linda Retail Center Trades for $22 Mil
8/31/07
A 1031 exchange buyer has purchased Bryant Ranch Shopping Center, a fully occupied 89.7k sf shopping center located on 9.42 acres at 23621-23741 E. La Palma Ave in Yorba Linda. The center, situated on the northeast corner of ...
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• Long Beach Completes Street-Front Improvements to City's North Village Center
8/30/07
The City of Long Beach has wrapped up $1.5 mil in improvements to the commercial facades and the streetscape of the North Village Center, one phase of the larger North Village Center urban revitalization project. The work, wh...
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• Financing Notes
8/29/07
Newmark Realty Capital arranged financing of $41.5 mil for Mill Creek Town Center, a 180k sf neighborhood retail center in the town of Mill Creek, WA, located about 22 miles north of Seattle. The property is anchored by the u...
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• First Bank Joins Growing Tenant Roster at New Temecula Retail Project
8/28/07
A number of retailers have recently signed leases at Rancho Temecula Town Center, a 175k sf shopping center under construction at the northeast corner of Winchester Rd and Nicholas Rd in Temecula. Anchored by Rite Aid, Henry'...
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• Desert Springs Retail Center Trades for $37 Mil
8/27/07
Desert Springs Marketplace, a 105.2k sf retail center in Palm Desert, was acquired by a Bellevue, WA-based private investor for $37.3 mil ($355/sf). The purchase also included land for a 10k sf expansion.
The shopping cente...
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• Desert Springs Retail Center Trades for $37 Mil
8/27/07
Desert Springs Marketplace, a 105.2k sf retail center in Palm Desert, was acquired by a Bellevue, WA-based private investor for $37.3 mil ($355/sf). The purchase also included land for a 10k sf expansion.
The shopping cente...
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Executive Subscriber Price: Free
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• SoCal Retail Briefs
8/24/07
ENCINO (Los Angeles County) – A West LA-based private investor paid $41.4 mil for The Encino Courtyard, a 99.3k sf ($417/sf) retail center on four acres at 17401 Ventura Blvd, in an off-market transaction. The shopping center...
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• American Commercial Equities Spends $100 Mil on LA Retail Properties
8/23/07
American Commercial Equities LLC, a Malibu-based entity that owns and manages properties in California and Hawaii, has been busy picking up LA-area retail assets. The company recently spent about $100 mil on properties in Bev...
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• Birtcher Collects $100 Mil from South Coast Home Furnishings Centre Sale
8/22/07
The South Coast Home Furnishings Centre, a 300k sf home furnishings center located at 3333 Hyland Rd in Orange County's South Coast Plaza area, sold for more than $100 mil ($333/sf). The property, which was sold by Birtcher D...
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• Newport Beach Investor on a Mission in Fresno
8/20/07
A private investor out of Newport Beach has acquired Mission Village, a 60.6k sf multi-tenant shopping center located at 335-393 and 395-396 East Shaw Ave in Fresno. The asset, built on 5.2 acres in 1976, is located directly ...
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Executive Subscriber Price: Free
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• Retail Briefs
8/15/07
WOOD VILLAGE, OR (Clark County) – M&J Wilkow Properties, a Chicago-based pension advisor, paid $34.9 mil for Wood Village Town Center, a new development located at the northeast corner of 223rd Ave and Glisan St in Wood Villa...
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Executive Subscriber Price: Free
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• St. Louis Investor Makes Two Buys at Inland Empire Retail Center
8/14/07
In the Inland Empire city of Blythe, two separate portions of the Blythe Towne Center sold for a combined total of $4.885 mil. The buyer of both properties was Missouri Plaza LLC of St. Louis, MO, represented by C.K. Yoon of ...
Price: $3.99
Executive Subscriber Price: Free
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• Ocean Beach Retail Buyer Comes Out of the Closet
8/13/07
A 9.4k sf retail building in Ocean Beach was acquired by DKJY Inc for $2.4 mil ($255/sf). The two-story building is located in the heart of Ocean Beach's commercial district at 4878 Newport Ave, just two blocks from the ocean...
Price: $3.99
Executive Subscriber Price: Free
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• Inland Empire Retail Center to Get Facelift
8/09/07
Upland Town Square, a 105k sf shopping center located on the northwest corner of Foothill Blvd and San Antonio Ave in the heart of the City of Upland, is about to get a major facelift. The center was acquired in November of 2...
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• Retail Briefs
8/07/07
SAN BERNARDINO (San Bernardino County) – Twin Flower Properties LP has selected Ken McLeod, Parker Douglass and Matthew Levin of Grubb & Ellis to handle the marketing of Central City Plaza, a 39.6k sf retail center at 604-696...
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• Investor Corners Lompoc Retail Market
8/03/07
A private investment partnership based out of Los Angeles paid $16.1 mil for Lompoc Corners, a 96.6k sf ($167/sf) a grocery-anchored shopping center located at the intersection of Central Ave and L St in Lompoc, a smaller cit...
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Executive Subscriber Price: Free
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• Smart Corner Closes Some Smart Deals
8/02/07
The retail space at Smart Corner Residential Tower, located at 1080 Park Blvd in downtown San Diego, is 78 percent leased with the signing of four deals totaling $2.3 mil. Only one 1.7k sf ground-floor corner retail space rem...
Price: $3.99
Executive Subscriber Price: Free
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• Retail Briefs
8/01/07
VAN NUYS (Los Angeles County) – A 9.1k sf retail property fully occupied by First Class Auto Body was purchased by LA-based GSI Properties LP for $4.63 mil ($509/sf). Built in 1975, the property is located on 0.45 acres at 69...
Price: $3.99
Executive Subscriber Price: Free
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