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Tesco Inks Long-Term Lease for Former Albertsons Store 9/25/06 Tesco, one of the world's largest grocery chains, has signed a long-term lease for a 32.5k sf building at 4211 Eagle Rock Blvd in the Glassell Park area of Los Angeles, southeast of Glendale. The site will be among the first ...
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Retail Activity Review 9/22/06 SAN DIEGO (San Diego County) -- It's A Grind, the fast-growing coffee retailer, has signed a 10-year lease for 1.4k sfof ground floor retail space at DiamondView Tower in downtown San Diego. Additional tenants are expected t...
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Nothing Fishy about Temple City's Planned Piazza Las Tunas 9/21/06 An exciting new high-end lifestyle center, Piazza Las Tunas, has been approved by Temple City's City Council and is scheduled to open in summer of 2009. Located at the northeast corner of Las Tunas Dr and Rosemead Blvd, the e...
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Unique Newport Beach Retail Project Expected to Break Ground by Year's End 9/20/06 An exciting new high-end destination lifestyle center located on Pacific Coast Highway in Newport Beach is currently in the planning stages and is expected to break ground in late 2006. Called Bel Mare, the 56k sf development...
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September 19, 2006 - $29 Mil OC Retail Sale Breaks Records 9/19/06 An OC-based 1031 exchange buyer has paid $29.4 mil for Marbella Plaza, a 70.8k sf retail center at 31103 - 31113 Rancho Viejo Rd, north of Ortega Hwy on the east side of the I-5 in San Juan Capistrano. The transaction reporte...
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Torrance to Be Bowled Over by Lucky Strike 9/18/06 Lucky Strike Lanes will bring its upscale spin on the bowling lounge to the South Bay area. Lucky Strike's first new California location in three years will open to the public on September 28 in the new lifestyle wing of the...
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Retail Vacancy Rate in Downtown San Diego Drops to 6.6% 9/14/06 Downtown San Diego's retail vacancy has dropped more than a full percentage point during the first six months of the year and currently stands at 6.6 percent, following 39.4k sf of absorption year-to-date, according to the la...
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Retail Deals 9/13/06 ESCONDIDO (San Diego County) – A California limited liability company purchased a 52.4k sf portion of the Country Corner Shopping Center, situated on 4.4 acres at 601 N. Broadway. The asset was sold by Bhullar Properties II L...
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Kimco Works Out Financing in $4 Bil Pan Pacific Acq 9/12/06 Kimco Realty Corporation (NYSE: KIM) and Pan Pacific Retail Properties Inc. (NYSE:
PNP) have finalized financing terms for the companies' merger agreement, in which Kimco will acquire all of the outstanding shares of Pan Paci...
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CIM Group Signs New Retailers at Revamped Hollywood Building 9/11/06 A sizable stretch of Hollywood Boulevard is being repositioned and, as a result, a revamped center has signed deals with a number of new retailers and services for the community, including DSW, Longs Drugs and LA Fitness. The...
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No Limits in Irvine Retail Lease 9/08/06 No Limits Mixed Martial Arts & Fitness Center signed a five-year, $1.8 mil lease for a 25.5k sf ($1.18/sf/mo) retail building in Irvine. The building is located at 1962 Barranca Pkwy, just west of Von Karman and south of the ...
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SoCal Retail Assets Generate Primo Prices in Exchange Deals 9/07/06 A pair of SoCal NNN retail properties, containing 6.2k sf of space, traded hands in separate deals worth a combined $5.2 mil ($839/sf). One sale included a Jack in the Box in Riverside and the second was a Starbucks-anchored ...
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Retailers Go for a Little Bit of Americana 9/06/06 Construction at The Americana at Brand, Caruso Affiliated's mixed-use retail and residential development in Glendale, is well underway. The highly regarded project, located adjacent to the Glendale Galleria, is scheduled to o...
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SoCal Retail Briefs 8/31/06 PLACENTIA (Orange County) -- Washington Capital Management, a San Diego-based pension fund advisor, purchased Imperial Rose Plaza, a 101.5k sf retail center in Placentia, on behalf of RREEF. The transaction was valued at $20....
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Downtown SD Space Assemblage Being Marketed as "Retail on the J" 8/30/06 In a unique assignment working for several owners, marketing has begun for Retail on J, nearly 130k sf of new retail and restaurant space that is being built just north of PETCO Park, surrounding “Park at the Park”, with exte...
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Big Changes at Westfield Century City Include Many New Tenants 8/29/06 A number of new specialty stores and restaurants have recently inked leases at Westfield Century City, as part of the upscale center's ongoing renovation and expansion. The $150 mil first phase of the renovation was completed...
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Retail Deals 8/28/06 RANCHO CUCAMONGA (San Bernardino County) -- An individual 1031 exchange investor has purchased the Shops at Rancho Cucamonga Town Square, a 15.5k sf shopping center at 10399 Foothill Blvd in Rancho Cucamonga. The four-tenant ...
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Westfield Nearing Completion of $330 Mil Renovation in West SF Valley 8/25/06 Westfield, the huge Australian-based retail REIT, is spending a lot of money on their SoCal centers. The company, which wrapped up an exciting $150 mil renovation of their popular Century City center last December, is current...
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Property Management Notes 8/24/06 Tustin-based Coreland Companies was recently awarded six new retail and office management contracts totaling more than 1.2 msf. The properties, which include Palm Springs Mall, Downey Landing and River Oaks Shopping Center, a...
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Retail Briefs 8/23/06 PALM DESERT (Riverside County) – Ashley Furniture purchased a four-acre site at Desert Gateway for the construction of a new 50k sf Ashley Furniture Homestore, estimated to open in the fall of 2007. Desert Gateway, which sits...
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