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Tenants Filling Up Retail Space in San Diego's North Park Area 6/16/06 Recent signings at the North Park Theatre Parking Structure in San Diego's historic North Park area have brought the property to 71% leased. The four-deck, 393-stall parking structure contains 14.8k sf of ground-floor retail ...
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Chandler AZ Center Sells for $60 Mil 6/15/06 A 1031 exchange investor has acquired San Tan Gateway, a 180.3k sf retail power center in Chandler, AZ, for $60 mil ($333/sf). San Tan Gateway is located on the northeast and southeast corners of Arizona Ave and the San Tan F...
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Retail Briefs 6/14/06 SANTEE (San Diego County) – An OC-based private investor paid $5.45 mil for a two-building, 17.5k sf ($311/sf) retail center located at 9470-9490 Cuyamaca st, near the cross streets of E. 3rd St and McDonnell. Built in 1995 a...
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Latest Simi Valley Good as Gold 6/13/06 As if Simi Valley weren't tough enough, with all of the police officers that live up there, now residents of this Ventura County town can get even more pumped up, as the city is about to get its first Gold's Gym. The 40-year-...
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South Gate Shopping Center Hits the Market with $78 Mil Price Tag 6/12/06 A 299k sf retail center in the city of South Gate has been put on the market with an asking price of $78 mil ($261/sf). The property, known as El Paseo Shopping Center, is located at 8610-8730 Garfield Ave, north of Firestone...
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New Livermore Retail Center Fetches $700/sf 6/09/06 Tucker Associates Inc, a 36-year-old East Bay developer of commercial, office and retail properties, purchased Airway Plaza, a 10k sf shopping center, from C&H Development for $7 mil, or $700/sf. The newly constructed Class A...
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Hager Pacific Adds a Garden to Its Portfolio 6/08/06 LA-based Hager Pacific Properties has acquired the Garden Ridge Portfolio, which consists of two properties north of Atlanta, each home to a 142k sf Garden Ridge home décor and crafts outlet store. Garden Ridge has 35 locatio...
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Sansome Pacific Acquires Contra Costa County Site for New Retail Project 6/07/06 San Francisco-based Sansome Pacific Properties has acquired five acres of undeveloped land at the northeast corner of Lone Tree Way and Empire Ave in Brentwood. The site, which was purchased for $2.07 mil ($9.50/sf), will be ...
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Caruso to Break Ground on Americana at Brand Development 6/06/06 On Thursday, Caruso Affiliated and Glendale city officials will kick off development of the highly anticipated Americana at Brand mixed-use project with a groundbreaking ceremony that will be attended by Glendale Mayor Dave W...
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Retail Briefs 6/05/06 SIGNAL HILL (Los Angeles County) – Town Center West, a four-building, 83.4k sf retail center at 1600-1898 E. Willow and 2599 Cherry Ave, was purchased for $18.575 mil ($223/sf). The grocery-anchored center, which is situated ...
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New Retail Center Set to Break Ground in Indian Wells 6/02/06 A new 300k sf retail center is slated to break ground in the Coachella Valley later this year. Located at Washington St and Mile's Ave in Indian Wells, the 28-acre development will include a 14-screen movie theater, as well a...
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Demand for Additional Retail Development to Remain Strong in the Inland Empire 6/01/06 Booming growth throughout the Inland Empire counties of Riverside and San Bernardino has led to continued demand for additional retail space across much of the region. Ongoing increases in jobs and housing underscore the imme...
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Last Call for Great Mall 5/31/06 The Neiman Marcus Group has inked a deal to open a 33k sf Last Call store at the Great Mall in San Jose. The store, which represents the chain's first location in the San Jose area, is a clearance center that features a broad...
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New 950k sf Retail Center to Break Ground in Vegas 5/30/06 Arroyo Market Square, a new 950k sf retail power center about to break ground in Las Vegas, has already locked up deals with 18 tenants, accounting for over 70% of the development's total space. The project, located off I-215...
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Retail Briefs 5/25/06 LYNWOOD (Los Angeles County) – A 14.8k sf retail facility at 3800 Martin Luther King Blvd was acquired by Frances Drooz for $6.6 mil ($446/sf). The building, which was constructed in 2004, is occupied by Sav-On Drugs. Tanel H...
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Retail Briefs 5/23/06 LA JOLLA (San Diego County) –A California limited partnership paid $6.2 mil for the International Shops, a two-building, 7.4k sf retail center at 1237 Prospect St, along with the ground lease for the site. In the deal, the im...
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Recent Signings Lease Up Victorville Retail Building 5/22/06 Three recent signings have brought an 86.5k sf former Montgomery Ward building in the city of Victorville to fully leased. The new tenants, Furniture Warehouse, Cost Plus World Market and Party America, all signed 10-year lea...
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Centro Watt to Pick Up Seven Properties from Westfield in $519 Mil Deal 5/18/06 LA-based Centro Properties Group has entered into an unconditional contract to acquire interests in six enclosed regional malls and one power center across the US from Westfield in a transaction worth $519 mil. The centers wi...
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Investors Pick Up 6.8k sf Santee Retail Asset for $3.1 Mil 5/17/06 San Diego-based investors purchased a 6.8k sf retail building within Santee Town Center for $3.1 mil ($456/sf). The building, which sits on a 41.8k sf lot at 70 Town Center Pkwy, north of Mission Gorge Rd and west of Cuyamaca...
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Retail Briefs 5/16/06 SAN JOSE (Santa Clara County) – A local private investor paid $8.75 mil for a 33.6k sf ($260/sf) single-tenant PW Markets store at 2995 Meridian Ave. The store is on a 25-year absolute net lease that expires at the end of 201...
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