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• Retail Briefs
4/11/06
CUPERTINO (Santa Clara County) – An affiliate of Kimco Realty Corp has purchased Cupertino Village, a 114k sf, Asian shopping center located at the intersection of Wolfe and Homestead Roads for around $65 mil ($570/sf). The p...
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• Investors Don't Bristol at $25 Mil Santa Ana Community Center
4/10/06
Bristol Place, a 62.8k sf community shopping center in Santa Ana, traded hands at a price of $25.1 mil, or about $400/sf. The asset is located at the southwest corner of Bristol St and Alton Ave, near South Coast Plaza.
Bris...
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• A Very Amusing $70 Mil Property Offering
4/07/06
A very unique property portfolio, which we thought might be of interest to some of you, has recently come on the market. The offering is the Trancas Capital Family Entertainment Portfolio, which consists of 11 amusement park ...
Price: $3.99
Executive Subscriber Price: Free
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• The Plant Expected to Grow into a 646k sf Power Center in San Jose
4/06/06
Westrust has acquired a 55.4-acre site in San Jose that will be developed into a 646k sf power center to be known as The Plant. The $137 mil project will be developed by Westrust in a joint venture with Pacific Coast Capital ...
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Executive Subscriber Price: Free
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• Gilroy Retail Center Sells Fast
4/05/06
Chestnut Square, an 11.4k sf unanchored strip center in the NoCal town of Gilroy, was sold for $3.327 mil ($292/sf), the property's asking price. Located at 401 East 10th St, the asset is 100% occupied by long-term tenants, s...
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Executive Subscriber Price: Free
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• Looking for a NNN-Leased Retail Investment?
4/04/06
HUNTINGTON BEACH (Orange County) – A NNN-leased single-tenant building occupied by a drive-thru Arby's is being offered for sale at an asking price of $2.1 mil. The drive-through property is located along Brookhurst Ave and h...
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Executive Subscriber Price: Free
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• Maverick Sale/Leaseback Deal in NoCal
4/03/06
An investor purchased Mavericks Sports Club, a 63,6k sf fitness facility in Concord, in a sale/leaseback transaction worth $7.27 mil. The asset, which is located at 5294 Clayton Rd, was sold by Gene Campbell, the founder and ...
Price: $3.99
Executive Subscriber Price: Free
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• Retail Briefs
3/30/06
PASADENA (Los Angeles County) – A retail property with 21.3k sf of improvements situated on a 41.6k sf site at 31-71 South Fair Oaks Ave was purchased by 3171 Fair Oaks LLC for $15.6 mil. The buyer intends to convert the 20k ...
Price: $3.99
Executive Subscriber Price: Free
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• Terranomics Knows Retail
3/29/06
Here are a few of the latest NoCal retail comps handled by some of the crew at Terranomics. We'll start in Folsom, where Bed, Bath & Beyond inked a lease for 35k sf of space in Folsom Gateway, located on Iron Point Rd. Terran...
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• OC Retail Center Trades for $830/sf
3/28/06
An LA-based investment group has acquired The Shops at Aliso Viejo Town Center, a 47k sf multi-tenant retail center in Aliso Viejo, for $39 mil, or $830/sf. The deal, which achieved a cap rate of 5%, is reportedly one of the ...
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Executive Subscriber Price: Free
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• LA Fitness Helps The Alhambra Shape Up
3/27/06
LA Fitness, the national fitness center chain, recently negotiated a long-term, $43 mil lease with The Ratkovich Company for a new 50k sf building to be located within The Alhambra mixed-use business campus, located at 1000 S...
Price: $3.99
Executive Subscriber Price: Free
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• Retail Briefs: Cupertino Retail Center Trades Hands in $65 Mil Deal
3/23/06
CUPERTINO (Santa Clara County) – Cupertino Village, a 114k sf shopping center located at the intersection of Wolfe and Homestead Roads, was acquired by Cupertino Village LP for $65 mil ($570/sf). The seller, Cupertino Village...
Price: $3.99
Executive Subscriber Price: Free
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• American Realty Advisors Makes $37 Mil Play for Poway Retail Center
3/22/06
Glendale-based American Realty Advisors has closed on a $37 mil retail buy in central San Diego County, after purchasing Creekside Center, a 127.3k sf ($291/sf) center in Poway. The property, which was constructed in 1993, is...
Price: $3.99
Executive Subscriber Price: Free
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• Retail Briefs
3/21/06
CHULA VISTA (San Diego County) – A California limited liability company paid $7.7 mil for a 14.5k sf ($531/sf) Walgreen drug store on 1.22 acres at 1109 Third Ave, at the corner with Naples. The seller, 3rd and Naples LLC, wa...
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• Westfield on a Roll in Southern California
3/20/06
Westfield Group, the world's largest shopping center owner, has big plans for Southern California. Not content to simply maintain and update its impressive roster of centers, the Australian firm has in recent weeks announced ...
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Executive Subscriber Price: Free
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• Coreland Reels in Five New Retail Leasing Assignments
3/20/06
Tustin-based Coreland Companies was awarded five new retail leasing assignments in SoCal, totaling 428k sf, during the first quarter of 2006. The new assignments included Mission Foothill Marketplace in Mission Viejo, Carwood...
Price: $3.99
Executive Subscriber Price: Free
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• Walgreens Remains Evergreen after Completion of New Garden Grove Store
3/17/06
Phoenix-based Evergreen Development wrapped up construction of its 200th store for Walgreens, after recently completing construction on a new 14.8k sf store located at 10840 E. Katella Ave in Garden Grove. Evergreen celebrate...
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Executive Subscriber Price: Free
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• Retail Briefs
3/16/06
POMONA (San Bernardino County) – An LA-based family trust paid $5.94 mil for a 14.8k sf ($401/sf) retail building that is fully leased to Sav-On Drugs on a NNN basis. The property is located at 1485 S. Garey Ave, near the 60 ...
Price: $3.99
Executive Subscriber Price: Free
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• Flurry of Deals Helps Fill New Fontana Retail Center
3/15/06
Foothill Village, a recently completed 27k sf retail center in the city of Fontana, is almost leased up, thanks to 10 deals that filled 24k sf of the new Inland Empire project.
The new tenants that have just closed deals at...
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Executive Subscriber Price: Free
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• Venture Makes Power Play for Inland Empire Site
3/14/06
LA–based Malcolm Riley & Associates Michael Asheghian, a Westside real estate developer, purchased 28 acres of land in Hesperia as part of a joint venture called Riley/Asheghian Associates. The partnership plans on developing...
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Executive Subscriber Price: Free
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