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• Albuquerque Tops Report on Leading Retail Investment Markets
6/27/07
According to a just-released report, the top retail investment markets to watch are Albuquerque, Charleston, Dallas/Fort Worth, Houston, Las Vegas, Phoenix, Raleigh/Durham, Salt Lake City, Tucson and West Palm Beach. The repo...
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• Trio of Retailers Sign at San Jacinto Center
6/26/07
A trio of tenants inked deals for space at The Village at San Jacinto Shopping Center, a 100k sf neighborhood center currently under construction by Beverly Hills-based Pacific Development Partners LLC at the northeast corner...
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• Sand Hill/RREEF Venture Acquires Sunnyvale Town Center
6/26/07
A venture of Sand Hill Property Management and RREEF has acquired Sunnyvale Town Center in downtown Sunnyvale in what is reported to be one of the largest mixed-use sales ever in Northern California. The transaction consisted...
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• NewMark Merrill Opens New Ontario Retail Center
6/21/07
This past weekend, NewMark Merrill Companies celebrated the grand opening of The Marketplace on Grove, a 207k sf mixed-use shopping center anchored by Lowes Home Improvement Center. The project is located on the southwest cor...
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• RENTV Offers Skecher-y Details on Latest Retail Signings at Burbank Collection
6/19/07
Four tenants have inked deals at Burbank Collection, a new mixed-use development currently under construction by Champion Development Group in downtown Burbank. These latest tenants are Skechers USA, Johnny Rockets, Café Veni...
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• Historic Queen's Seaport Site in Long Beach to Be Sold Through August BK Auction
6/18/07
Sale of the Queen's Seaport site in Long Beach will be held through a bankruptcy auction to be held on August 14, 2007, at 10:00 AM, in Courtroom 1368 of the United States Bankruptcy Central District of California, Los Angele...
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• SCI Collects $44 Mil from Plaza at Puente Hills Sale
6/15/07
A 177.9k sf portion of the Plaza at Puente Hills shopping center was acquired by an LA-based investor for $44 mil ($247/sf). Located at 17877-18271 Gale Ave in the City of Industry, the asset sits on 13.65 acres and includes ...
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• Wolfgang Puck Sees Red at Pacific Design Center
6/14/07
Well-known celebrity chef Wolfgang Puck has a new restaurant set to open June 19th at the Pacific Design Center (PDC) in West Hollywood. The restaurant, Red Seven by Wolfgang Puck, represents something of a homecoming for Puc...
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• San Diego/Riverside Retail Activity Review
6/13/07
TEMECULA (Riverside County) -- Berean Christian Stores LLC leased 11.8k sf of retail space at 41257 Margarita Rd in a 10-year, $2.24 mil ($1.58/sf/mo) deal. Berean Christian Stores is a national chain of Christian bookstores ...
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• Financing Notes
6/12/07
George Smith Partners Inc (GSP) has arranged $72 mil of senior and mezzanine loans for the recapitalization of a 200k sf shopping center in Culver City, on LA's Westside. The property, which is situated on a full city block c...
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• Retail Briefs
6/11/07
YUBA CITY (Sutter County) -- Casa Dorinda and Casa Miravista Apartments LP, a partnership from Santa Barbara, paid $37 mil for Yuba City Marketplace, a fully occupied 142.8k sf big-box retail center located at Hwy 20 and Hart...
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• Trio of OC Retail Sales Generate $20 Mil
6/08/07
Cadence Capital Investments, based in Greenwood Village, CO, recently closed on a Mission Viejo retail acquisition after paying $12.5 mil for Marguerite Plaza, a 37.6k sf ($332/sf) multi-tenant shopping center at 24011-24031 ...
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• Kimco Completes Purchase of Wall Street Properties' Retail Portfolio
6/07/07
Kimco Realty Corporation, the publicly traded retail REIT, has completed the acquisition of Wall Street Properties Company's 12-property retail portfolio with its purchase of 10 additional centers in California and Nevada for...
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• West Hollywood Retail Buildings Trade for $1,397/sf
6/06/07
The pros at Charles Dunn Retail Sales recently brokered a pair of LA-area sales with a combined value of $10.8 mil. The transactions were for a two-building portfolio in West Hollywood and a single-building property in Los Fe...
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• Get A Piece of Driftwood In Ontario
6/05/07
A pair of brokers from two of Marcus & Millichap's So Cal office, Ontario and West LA, are teaming up to market on an exclusive basis, the 95.4k sf Driftwood Shopping Center in Ontario. The listing price of $28 million repres...
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• Retail Activity Review
6/04/07
PUEBLO, CO (Pueblo County) – Forest City Group paid $20 mil for a 202.8k sf ($99/sf) Wal-Mart Supercenter at I-25 and Hwy 50. Wal-Mart is locked into a long-term NNN lease for the property. Adam Christofferson and Craig Stewa...
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• Northridge Promenade Gets to the Core of the Matter
6/01/07
Northridge Promenade, a five acre, 90.3k sf destination retail center in the San Fernando Valley was sold for $22 million, or roughly $244/sf. The seller was a JV comprised of CIP Real Estate, a real estate investment company...
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• SoCal Retail Notes
5/31/07
Here are a few recent retail sales deals from around OC and LA – in Santa Ana, Marina Del Rey and Los Angeles – turned in from our network of active broker contacts throughout the region.
SANTA ANA, (Orange County) – If you ...
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• Centervest Joins Country Club Village
5/30/07
RREEF has sold the Country Club Village shopping center, located on Alcosta Boulevard in San Ramon, to Centervest Capital LLC of San Luis Obispo. The center is a 111.3k sf grocery and drug-anchored shopping center located in ...
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• ICSC Retail Supplier News Flash
5/29/07
Expesite, the Columbus-OH based provider of end-to-end program and project management software used by the retail sector quite a bit, has made a number of announcements in the days leading up to and during ICSC last week. Now...
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