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• Marcus & Millichap Lands Two Interesting $20 Mil SoCal Listings
7/31/07
Marcus & Millichap the national investment brokerage firm, has landed a pair of notable SoCal listings in the $20 mil+ price range. One is a retail center in the Inland Empire city of Temecula, while the other listing is a mi...
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• Fountain Valley Retail Center Sells for $11.7 Mil
7/27/07
A Long Beach investment entity sailed into Harbor Plaza, a 41.6k sf multi-tenant shopping center located at 16275-16377 Harbor Blvd, at the intersection with Edinger Ave in Fountain Valley. The buyer, Amusement Industry Inc, ...
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• Edgy Santa Monica Building Trades for $19 Mil
7/26/07
Here's a sale that should take the edge off West LA's retail investment market, as a private investor paid $19 mil for Edgemar Center, a mixed-use development at 2415-2449 Main St, along the coastal city's happening Main Stre...
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• Newest Hollywood Signing Adds Fresh & Easy Food Retailer to Area
7/25/07
The ongoing redevelopment of Hollywood is paying big dividends to property owners and the immediate community in general, as the region's changing demographics has encouraged a new crop of retailers to set up shop in an area ...
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• Retail Briefs
7/24/07
RANCHO CUCAMONGA (San Bernardino County) – A 10.2k sf Tutor Time childcare property at 7390 Ellena Ave was purchased by The Eye Center LLC, out of El Cajon, for $4 mil ($392/sf). Built in 1997, the freestanding building is 1...
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• Jack in the Box Sales Popping Up All Over CA
7/23/07
Here's a quick look at two recent investor sales of NNN-leased Jack-in-the-Box restaurants at both ends of the state. One of the sales was in Sacramento while the other was in Highland, an Inland Empire town situated just nor...
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• Passco Closes $20 Mil Arizona Retail Buy
7/20/07
SoCal-based Passco Companies LLC has acquired the 56.7k sf Phase II of Laveen Village Marketplace in Phoenix for $20 mil ($353/sf). The 197.7k sf center is located on Baseline Rd at 51st Ave in Laveen a fast-growing suburb of...
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• Desert Star to Shine in North Las Vegas
7/19/07
North Las Vegas' newest lifestyle and entertainment town center project has been given a name: Desert Star. The mixed-use project consists of a 1.2 msf retail, dining and entertainment center, approximately 700 residential un...
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• Trio of CA Retail Investments Totals Up to Over $32 Mil
7/17/07
In this report, we'll share a trio of recent California retail investment comps, all in the $7 Mil to $13 mil price range. The deals are from Temecula, Red Bluff and Newbury Park.
We'll start with the southernmost transactio...
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• Retail Briefs
7/16/07
CHULA VISTA (San Diego County) – Infinite Investments LLS inked a 10-year, $2.93 mil lease for 18k sf ($1.36/sf/mo) of retail space at 795 Third Ave for a martial arts business. Kipp Gstettenbauer and Kyle Clark of Burnham Re...
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• Buyer Adds Ranch Dressing to Investment Portfolio
7/13/07
A private investor out of El Monte has purchased Ranch Center, a 60k sf retail/office property at 800-880 North Diamond Bar Blvd, just north of where the 57 and 60 freeways intersect. The property was sold by Aspen Management...
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• Retail Briefs
7/12/07
VAN NUYS (Los Angeles County) – A Beverly Hills-based investment company paid $3.5 mil for Irmar Center, a 14.6k sf ($240/sf) retail property at 13626 Vanowen St, near the Orange Line Metro station. Built in 1965 and situated...
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• Hopkins to Develop Redlands Center for General Growth
7/11/07
Hopkins Real Estate Group (HREG), the OC-based shopping center development firm, received approval from the Redlands City Council to develop Redlands Promenade, a 150k sf shopping center in downtown Redlands. The council vote...
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• Strong Year Expected for San Jose Retail
7/10/07
Improving retail demand drivers and impediments to new construction are expected to result in another strong year for San Jose retail operators, according to a second-quarter Retail Research Report released by Marcus & Millic...
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• Coreland Boosts Leasing Portfolio with 7 New Assignments in 2nd Qtr
7/09/07
Tustin-based Coreland Companies locked up seven new retail leasing assignments, totaling more than 250k sf, during the second quarter of 2007. The properties include: Crown Valley Center in Laguna Beach; Lindale Center in Ana...
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• San Diego Retail Owners Can Expect another Solid Year
7/06/07
High land and construction costs continue to restrain development in the San Diego market, a trend that will result in another solid year for retail owners, according to a second-quarter Retail Research Report released by Mar...
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• Pair of San Francisco Retail Sales Ring Up $6 Mil
7/05/07
A pair of recent San Francisco retail sale transactions — one owner/user and one investment— combined for a price of over $6.1 mil. The transactions consisted of a 10k sf retail building, which fetched a price of $4.35 mil ($...
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• Santa Clarita Retail Center Sells for $66 Mil
7/03/07
Grosvenor Investment Management has acquired Gateway Village, a 153.7k sf community shopping center in Santa Clarita, for $66.4 mil ($432/sf). The project is situated on 17 acres at 28207 – 28313 Newhall Ranch Rd, within the ...
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• Retail Briefs
7/02/07
TRUCKEE (Nevada County) -- G.W. Kromer & Associates, a Truckee-based private investment group, purchased Tahoe Truckee Factory Stores, a 38k sf retail outlet center in Truckee, a NoCal town situated just west of the NV/CA bor...
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• The Americana at Brand Reaches 80% Pre-Leased
6/28/07
The latest round of retail store and restaurant signings at The Americana at Brand, Caruso Affiliated's new mixed-use development under construction in Glendale, include The Cheesecake Factory, Barneys New York CO-OP, Kate Sp...
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