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• Construction almost Complete on Rancho Santa Fe Office/Retail Project
4/20/07
Construction is nearing completion and two leases have been signed at Cielo Village, a 50.1k sf office/retail project located at 18055 Calle Ambiente, at the gateway to the exclusive hillside residential village of Cielo in R...
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• Caruso Challenges Westfield to a More Positive Solution for Arcadia
4/19/07
In an effort to stave off additional protracted legal wranglings that will undoubtedly delay the start of work on his planned Arcadia development, Caruso Affiliated Founder and CEO Rick Caruso has taken a new approach to a pr...
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• Krausz Collects $7 Mil from Parcel Sale at Winchester Springs
4/17/07
Preferred Property Company has acquired a 13.6k sf portion of Winchester Springs, a 110k sf, grocery-anchored shopping center situated on 10 acres in the southwestern Riverside County town of Murrieta. Located at the intersec...
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• West LA Street-Front Retail Space Fetches $644/sf
4/16/07
A unique multi-tenant, street-front retail property in West Los Angeles traded hands recently in a $6.3 mil transaction that worked out to $644/sf, reported to be one of the highest prices per sf for such a property in the ar...
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• Hayward and Suisun City Retail Deals Ring Up $53 Mil in Sales
4/13/07
NAI BT Commercial's Dan Wald and Dave Nord recently brokered a pair of sizable NoCal retail sales, in Hayward and Suisun City. Together, the deals total $53.7 mil.
The larger of the transactions was in Suisun City, located o...
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• San Juan Capistrano Mixed-Use Center Fetches $400/sf
4/12/07
Needleman Investments, out of Orange County, has purchased Capistrano Collection, a 25.6k sf neighborhood office/retail center in the affluent South Orange County community of San Juan Capistrano, for $10.175 mil ($397/sf). ...
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• Retail Briefs
4/09/07
EL SEGUNDO (Los Angeles County) – Intelligent Beauty agreed to a five-year lease for 14.3k sf of space at The Atrium at Continental Park, the sharp 288k sf Class A office building, constructed in 2002, that stands as the late...
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• First Phase of Coachella Retail Center is Complete
4/04/07
The first phase of Jackson Square, a new 130.8k sf retail center being developed by Capstone Advisors in the Inland Empire city of Coachella, is finished and fully leased. The development will serve the fast-growing desert co...
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• Arizona Retail Properties are Bourn-Free
4/03/07
Houston-based Weingarten Realty Investors acquired six Arizona retail properties, totaling 780k sf, five of which are in Tucson while the other one is in Scottsdale. They were sold by affiliates of Tucson-based Bourn Partners...
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• Millbrae Square Acquires Four Restaurant Properties in Garden Grove
4/02/07
Millbrae Square Company has acquired four restaurant properties in Garden Grove for $11.5 mil at a 5.39 percent cap rate. The restaurants – Joe's Crab Shack, Red Robin, Outback Steakhouse and Oggi's Pizza – are situated on 1....
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• West LA Retail Center Hits the Market for $46 Mil
3/30/07
A 164k sf shopping center in West Los Angeles is being offered for sale at an asking price of $46.7 mil ($285/sf). The community center is leased to two major national retailers, Target and Bed Bath & Beyond, and is extremely...
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• Retail Activity Review
3/28/07
CHICO (Riverside County) – Investec Capital Reserve LLC paid $32.4 mil for Skypark Plaza Shopping Center, a 186.6k sf ($174/sf) community center anchored by Raley's Supermarket, Ross Dress for Less, Jo-Ann Fabrics and Dollar ...
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• $28 Mil Solana BeachWalk Buy is a Walk on the Beach for Muller
3/27/07
The Muller Company has purchased BeachWalk Shopping Center, a 52.9k sf retail center at 437 South Coast Hwy, north of Via De La Valle in Solana Beach, for $28.05 mil ($530/sf). Tenants at the property, situated just one block...
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• Opus West Begins Work on New 400k sf Chino Hills Lifestyle Center
3/26/07
Construction has begun on The Shoppes at Chino Hills, a 400k sf open-air lifestyle center located at Grand Ave and Peyton Dr, just west of the 71 Fwy in the city of Chino Hills. The project is a development of Opus West Corp ...
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• Retail Sales Review
3/23/07
CHANDLER, AZ (Maricopa County) – Irvine-based Passco Companies purchased Chandler Marketplace, a 75.6k sf newly constructed grocery-anchored center located at the northwest corner of Gilbert and Chandler Heights Rd. The prope...
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• Investors Pick Up Riverside County Retail Properties
3/22/07
A trio of Inland Empire retail property sales brokered by Hanley Brown Group generated a total of $5.8 mil. The transactions, in Moreno Valley and Lake Elsinore, ranged in price from $2.7 mil to $1.2 mil.
The largest of thre...
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• Westlake Village Retail Center Being Rebranded
3/21/07
Village Glen Plaza, a 70k sf retail center in Westlake Village, is being expanded and re-branded by its owner, Village Glen T.I.C., in an effort to create more of a “lifestyle” image to better serve the needs of the residents...
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• ScanlanKemperBard Closes $78 Mil Oakland Purchase
3/20/07
Portland-based ScanlanKemperBard Companies has purchased Eastmont Town Center, a 606k sf, mixed-use project located at 7000 Bancroft Ave, south of Foothill Blvd in the city of Oakland. The asset was sold by Eastmont Oakland L...
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• NewMark Merrill Ranked as Fastest Growing Company in the Valley
3/20/07
For the second year in a row, Tarzana-based NewMark Merrill Companies was ranked No. 1 on the list of fastest growing private businesses in the region by the San Fernando Valley Business Journal. The retail developer/owner/ma...
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• Union Square Retail Property Trades for $1,138/sf
3/19/07
An unnamed buyer has picked up a notable retail property in San Francisco's Union Square, after paying $14 mil for a 12.3k sf ($1,138/sf) building at 39 Stockton, just off of Market St. The three-level, single-tenant asset, c...
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