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• Alameda Center Adds Borders to Its Borders
2/08/07
Borders, the national bookseller chain, agreed to a deal for a new two-story, 23.9k sf end cap retail space at Alameda Towne Centre, located at Park St and Otis Dr in Alameda. Owned by Harsch Invesments, the 712k sf shopping ...
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• Highland Development to Build Bakersfield Mixed-Use Project
2/07/07
Highland Development Company, a retail development subsidiary of The Marcus & Millichap Company, is moving forward on an 84.5k sf mixed-use retail/office project in Bakersfield, one of the fastest growing cities in the U.S.
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• Investors Snap Up WaMu Properties in the Inland Empire
2/06/07
Two single-tenant NNN Washington Mutual bank buildings in the Inland Empire sold in separate deals with record high prices and low cap rates. In both transactions, Edward Hanley of Hanley Brown Group handled negotiations for ...
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• New Home Depot Coming to Moorpark
2/05/07
National home improvement chain Home Depot has inked a $32 mil, 20-year land lease for a 13-acre ($0.24/sf/mo) site at 1000 Patriot Dr in Moorpark, for the development of a new 145k sf store that is expected to be completed i...
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• Gucci Label Carries Expensive Price Tag in Real Estate as Well
2/02/07
Los Angeles-based Festival Companies has acquired the Gucci building in Beverly Hills, a three-story, 13.5k sf structure located at 347 Rodeo Dr, on the most desirable block in the heart of the city's Golden Triangle area. Th...
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• Retail Activity Review
2/01/07
WALNUT (Los Angeles County) – A private investor paid $11.8 mil for a 31.8k sf retail property at 308-388 Walnut Ave. The space is part of a neighborhood shopping center known as Lemon Creek Village. It is anchored by a Vons ...
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• CA Investment Group Closes $35 Mil Hawaii Retail Purchase
1/30/07
Pacific Coastal Partners LLC, an LA-based group of investors led by Diversified Equity Investment Corporation, has acquired Kaua'i Village, a 113.5k sf retail center located at 4-831 Kuhio Hwy in Kapaa, HI. The property sold ...
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Executive Subscriber Price: Free
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• Investor Picks Up Driftwood
1/26/07
Driftwood Village Shopping Center, a 95.4k sf grocery- and drug-anchored retail center in the heart of Ontario sold for $20.45 mil ($241/sf). Built in 1982 and located at 2238-2252 South Euclid Ave, the center is fully occupi...
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• Development of The Plant is Right on Target
1/25/07
Target, the popular national discount retailer, has acquired 10 acres at The Plant in San Jose for the development of a new 138k sf store. The Plant is a 646k sf retail project currently being developed by Westrust on the 55....
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• Crow Holdings Picks Up Los Gatos Retail Center
1/23/07
Crow Holdings, a privately-held firm based in Dallas, has paid $28.25 mil for Downing Center, a 71.9k sf ($393/sf) neighborhood shopping center in the NoCal city of Los Gatos, through its latest real estate fund, Crow Holding...
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• TR Funding to Develop New Retail Building
1/19/07
Locally based TR Funding is set to break ground this quarter on a new 10k sf retail building in Westlake Village. The freestanding structure, situated on a one-acre site near the Westlake Village Auto Mall, between Westlake B...
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• Private Investor Pays $1,130/sf for a Melrose Place
1/17/07
A private investor acquired a 3.1k sf retail building along a pricey stretch of Melrose Ave in West Hollywood. The building, at 8280 Melrose, between Crescent Heights and La Cienega Blvds, traded for $3.5 mil, or about $1,130...
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• Retail Activity Review
1/17/07
SANTA ANA (Orange County) – A private investor from Albion, CA paid $20.5 mil for a 107.7k sf ($190/sf) shopping center at 1800 N. Bristol St, near the 5, 22 and 57 freeways. The property was originally built just two years ...
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• $300 Mil Lifestyle Center Planned for North Las Vegas
1/16/07
Phoenix-based Vestar Development is planning a major $300 mil retail, dining and entertainment center in the City of North Las Vegas, on a 160-acre site at the corner of North 5th St and Craig Rd. The development is slated to...
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• El Cajon Center Trades for $9.4 Mil
1/15/07
EC Holdings LP, out of Santa Ana, has acquired Fletcher Parkway @ Marshall, a fully occupied, 43.4k sf retail property in El Cajon, in San Diego County, for $9.35 mil ($215/sf). The two-building center, which includes Sizzler...
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• Retail Activity Review
1/10/07
WALNUT HILLS (Orange County) – A private investor paid $12.1 mil for 39.7k sf ($305/sf) of retail space located at 18718-18744 Amar Rd. The space is part of Walnut Hills Plaza, a neighborhood shopping center anchored by Alber...
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• Marcus & Millichap Rings in New Year with Series of SoCal Retail Sales
1/09/07
Encino-based Marcus & Millichap is one of the leading investment brokerage firms in the country focusing exclusively on investment sales, mainly multifamily and retail. Here's a re-cap of some recent SoCal retail M&M deals.
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• L&S Acquires 32k sf Fresno Center
1/08/07
L&S Realty Group LLC acquired Northern Village Shopping Center, a 32k sf retail center located at the southeast corner of First St and Herndon Ave in Fresno. The center, which was sold by OC-based Passco Real Estate Enterpris...
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• Pair of New Retailers Sign Up for DiamondView
1/05/07
DiamondView Tower, the new office tower currently under construction at 985 J St, just past the right field wall at Petco Park, has announced the signing of two new retail tenants. Well Heeled Spa, a men's day spa, has signed...
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• Pacific Coast Capital and Empire Commercial to Develop Phoenix Center
1/04/07
CA-based Pacific Coast Capital Partners LLC (PCCP) has formed a joint venture with Scottsdale, AZ-based Empire Commercial Development, a full-service real estate development group, for the acquisition of 34.1 acres of vacant ...
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