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• Retail Briefs
7/13/05
SACRAMENTO (Sacramento County) – An investor paid slightly over the asking price of $4.3 mil for a 22.8k sf ($189/sf) strip center at 2538-2560 Cottage Way. The property is anchored by Kragen Auto and is located near Auto Row...
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• Newmark Merrill to Develop Mixed-User in Ontario
7/12/05
NewMark Merrill Companies has acquired 30 acres of land in the City of Ontario for the development of a 207k sf mixed-use retail development to be called The Marketplace on Grove. The development is located at the southwest c...
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• New Shopping Centers to Add to Murrieta's Heritage
7/08/05
Heritage Marketplace Shopping Center, a new 90k sf neighborhood shopping center currently under construction in Murrieta, is already 95 percent pre-leased. Located at the southeast corner of Scott Rd and I-215, at the north ...
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• OC Investor Prefers LA Fitness
7/07/05
Costa Mesa-based Bayport Jamboree Associates LLC has purchased a four-acre LA Fitness® property in Irvine for $15.45 mil. The property, located at 2880 Michelle Dr, south of I-5 at Jamboree Rd, was acquired from CT Realty. CT...
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• Retail Briefs
7/06/05
DOWNTOWN SAN DIEGO (San Diego County) – Adidas Promotional Retail Operations inked a 10-year, $1.53 mil lease for 5.1k sf ($2.50/sf/mo) of retail space at 926 Fifth Ave. Adidas, the international manufacturer and retailer of ...
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• Investors Acquire Fashion District Building in Downtown LA
7/05/05
DNR Bros paid $1.24 mil for a 5.4k sf ($230/sf) structure located at 832-840 Spring St, where Spring and Main streets converge in Downtown Los Angeles. The two-story building, situated at the gateway to LA's Fashion District...
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• Mira Mesa Center Trades for $27 Mil
7/01/05
A San Diego investment entity closed on a sizable retail acquisition in the Mira Mesa area, having paid $27.3 mil for Mesa Shopping Center, a 140.3k sf ($195/sf) property at 8915-9035 Mira Mesa Blvd, between Camino Ruiz and B...
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• Downtown San Diego Retail Space Sells for $579/sf
6/30/05
India One Investments has paid $4 mil for Portico Retail Condominiums, which consist of 6.9k sf ($579/sf) of retail space in five ground-level condominiums. The retail spaces, located at 1435 India St., are part of a five-sto...
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• Retail Briefs
6/27/05
SIMI VALLEY (Ventura County) -- Home Goods has signed a 10-year lease for 24.8k sf of space Sycamore Village, located at the southeast corner of Sycamore and Cochran. They will occupy a former Mann Theatre building and are ex...
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• Investor Drives-Thru South SD in 4-Property Buy
6/27/05
In South San Diego, four freestanding retail buildings located at 1525-1545 Palm Ave, just east of Imperial Beach, sold for $3.95 mil. The buildings have a total of 5.4k sf ($731/sf) and cover 1.4 acres of land.
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• All Systems Go at The PruneYard
6/24/05
Equity Office Properties is currently readying the next phase of renovations at The PruneYard, a popular outdoor dining, entertainment, hotel, and shopping destination in the NoCal city of Campbell. Changes planned for this s...
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• Shape Up Your Leasing Comps with Fitness Deals
6/23/05
Here's the scoop on two recent leases that have nothing in common except that they're both with national fitness club chains. However, one is for a new retail location in Riverside, while the other deal is for both office spa...
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• Retail Developers Eyeing Booming Ontario Region
6/22/05
There are a number of exciting new retail projects in the works for Ontario, the third largest city in the booming Inland Empire. Currently, Ontario leads the region in taxable retail sales at $3.8 mil, as of year-end 2004. B...
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• Pacific Castle Rules over a Changing Kingdom
6/21/05
OC-based Pacific Castle has been very active of late, having recently closed two transactions, one a sale and the other an acquisition, with a combined value of $32.7 mil. The company currently owns about $300 mil in shopping...
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• Retail Briefs
6/20/05
SAN DIEGO (San Diego County) – A venture of Relna LLC, 939 Gaslamp LLC, RMZB Properties LLC and King Babar LLC has purchased a mixed-use property consisting of 23.6k sf of office and retail space located at 939-945 Fourth Ave...
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• Terranomics Makes Sense of Retail Economics
6/17/05
Terranomics, the retail division of regional brokerage firm BT Commercial, continues to rack up the deals in Northern California. In this report we'll rundown a number of recent comps brokered, at least in part, by the folks ...
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• Coreland Racks Up Seven More SoCal Centers
6/16/05
Tustin-based Coreland Companies was awarded seven new SoCal retail leasing assignments totaling more than 864k sf during the first quarter of 2005. The assignments include Arcadia Hub in Arcadia, Santa Fe Springs Plaza in Whi...
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• New Mixed-Use Project to Hit the Greenspot in Highland
6/15/05
Loma Linda-based Mission Development Company is expected to begin construction early next year on Greenspot Village & Marketplace, a ±80-acre mixed-use development that is planned to include 600-800 residential units, a movie...
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• Costa Mesa Square on the Market for $53 Mil
6/14/05
Here's the scoop on a few hot new SoCal retail listings that have come across our news desk. One of the listings is for Costa Mesa Square and Costa Mesa Square II, adjacent retail properties in Costa Mesa that are being marke...
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• Passco Lands Howard Hughes' Promenade for $95 Mil
6/13/05
Passco Real Estate Enterprises Inc, the Santa Ana-based TIC investment/management firm, has acquired a prominent retail center on LA's Westside, after paying $95 mil ($383/sf) for The Promenade at Howard Hughes Center. The 24...
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