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CA Retail Activity Review 4/27/06 SAN DIEGO (San Diego County) – A 28k sf retail building occupied by Whole Foods Market was purchased by a California limited liability company for $12 mil ($429/sf). The property, which is located at 711 University Ave, was b...
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Retail Briefs 4/25/06 CHULA VISTA (San Diego County) -- Capri East LLC, dba Villa Capri Restaurant, has signed a 10-year, $1.5 mil lease for 2.8k sf ($4.46/sf/mo) of retail space located in The Shops at San Miguel Ranch at the southeast corner of ...
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Retail Briefs 4/24/06 LOS ANGELES (Los Angeles County) – A 13k sf mixed-use retail/office property at 4555-4557 E. Third St, near the 710 and 60 Freeways, was purchased by a private investor for $3.19 mil ($245/sf). Originally built in 1989, the p...
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Inland Empire Retail Asset Hits the Market 4/21/06 A sizable portion of an Inland Empire shopping center has been put on the market. The asset is a 94k sf section of Highland Avenue Plaza, a 311k sf value-oriented retail center located at 4020 Highland Ave in the San Bernardi...
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Santa Monica Investor Lands on Boardwalk 4/20/06 A private investor from Santa Monica has acquired a beachfront mixed-use apartment/retail building for $6.6 mil, which is about $600k over the original asking price. The property is located on the world famous Venice Beach B...
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Retail Briefs 4/19/06 PALMDALE (Los Angeles County) -- A portion of Palmdale Village Plaza, located at East Avenue South and 25th Street East, was purchased by National Realty Group Inc for $7 mil. The center, which was sold by an affiliate of Ale...
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Property Management Notes 4/18/06 RiverRock Real Estate Group, the OC-based full-service property management and leasing firm, has announced the formation of RiverRock Retail Group, a new division specifically created to meet the leasing needs of retail prope...
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New SD East Village Res Project also Offering Retail Condos for Sale 4/17/06 Park Terrace, a new residential condo high-rise community currently under construction in downtown San Diego, is also offering 22.7k sf of retail space in what is one of just a few retail condo opportunities in the area. The ...
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Pacific Coast Capital Partners Teams Up in $150 Mil Colorado Venture 4/12/06 Pacific Coast Capital Partners LLC (PCCP), the California-based provider of opportunistic debt and equity capital for real estate, has acquired a 158-acre Aurora, CO site in a joint venture with Colorado-based Alberta Develop...
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Retail Briefs 4/11/06 CUPERTINO (Santa Clara County) – An affiliate of Kimco Realty Corp has purchased Cupertino Village, a 114k sf, Asian shopping center located at the intersection of Wolfe and Homestead Roads for around $65 mil ($570/sf). The p...
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Investors Don't Bristol at $25 Mil Santa Ana Community Center 4/10/06 Bristol Place, a 62.8k sf community shopping center in Santa Ana, traded hands at a price of $25.1 mil, or about $400/sf. The asset is located at the southwest corner of Bristol St and Alton Ave, near South Coast Plaza.
Bris...
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A Very Amusing $70 Mil Property Offering 4/07/06 A very unique property portfolio, which we thought might be of interest to some of you, has recently come on the market. The offering is the Trancas Capital Family Entertainment Portfolio, which consists of 11 amusement park ...
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The Plant Expected to Grow into a 646k sf Power Center in San Jose 4/06/06 Westrust has acquired a 55.4-acre site in San Jose that will be developed into a 646k sf power center to be known as The Plant. The $137 mil project will be developed by Westrust in a joint venture with Pacific Coast Capital ...
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Gilroy Retail Center Sells Fast 4/05/06 Chestnut Square, an 11.4k sf unanchored strip center in the NoCal town of Gilroy, was sold for $3.327 mil ($292/sf), the property's asking price. Located at 401 East 10th St, the asset is 100% occupied by long-term tenants, s...
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Looking for a NNN-Leased Retail Investment? 4/04/06 HUNTINGTON BEACH (Orange County) – A NNN-leased single-tenant building occupied by a drive-thru Arby's is being offered for sale at an asking price of $2.1 mil. The drive-through property is located along Brookhurst Ave and h...
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Maverick Sale/Leaseback Deal in NoCal 4/03/06 An investor purchased Mavericks Sports Club, a 63,6k sf fitness facility in Concord, in a sale/leaseback transaction worth $7.27 mil. The asset, which is located at 5294 Clayton Rd, was sold by Gene Campbell, the founder and ...
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Retail Briefs 3/30/06 PASADENA (Los Angeles County) – A retail property with 21.3k sf of improvements situated on a 41.6k sf site at 31-71 South Fair Oaks Ave was purchased by 3171 Fair Oaks LLC for $15.6 mil. The buyer intends to convert the 20k ...
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Terranomics Knows Retail 3/29/06 Here are a few of the latest NoCal retail comps handled by some of the crew at Terranomics. We'll start in Folsom, where Bed, Bath & Beyond inked a lease for 35k sf of space in Folsom Gateway, located on Iron Point Rd. Terran...
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OC Retail Center Trades for $830/sf 3/28/06 An LA-based investment group has acquired The Shops at Aliso Viejo Town Center, a 47k sf multi-tenant retail center in Aliso Viejo, for $39 mil, or $830/sf. The deal, which achieved a cap rate of 5%, is reportedly one of the ...
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LA Fitness Helps The Alhambra Shape Up 3/27/06 LA Fitness, the national fitness center chain, recently negotiated a long-term, $43 mil lease with The Ratkovich Company for a new 50k sf building to be located within The Alhambra mixed-use business campus, located at 1000 S...
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