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• SoCal Retail News
2/09/06
EL CAJON (San Diego County) – El Pollo Loco agreed to a 20-year, $1.6 mil lease for a 3k sf restaurant within Plaza de las Palmas, at 1145 Avocado Blvd. El Pollo Loco, the crazy chicken chain owned by R. G . Restaurants, will...
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• Retail Briefs
2/07/06
SAN DIEGO (San Diego County) – Ross Dress 4 Less signed a 10-year, $5.28 mil lease for 27.5k sf ($1.60/sf/mo) of space at 428 C St. The property is owned by 428 C Company, which was repped in the deal by Bill Shrader and Cori...
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• Baldwin Hills Crenshaw Plaza Trades Hands in $136 Mil Deal
2/02/06
Capri Capital Advisors has acquired Baldwin Hills Crenshaw Plaza, an 850k sf regional mall at the intersection of Crenshaw and Martin Luther King Blvds in Los Angeles, for $136 mil ($160/sf). Capri bought the center, which wa...
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• Retail Briefs
2/01/06
SAN DIEGO (San Diego County) – A California limited partnership purchased a 38k sf single-tenant building leased to LA Fitness. The property, which is in 4S Ranch, at the corner of Camino del Norte and Dove Canyon Rd, sold fo...
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• Buena Park Center Sells for $339/sf
1/27/06
Buena Park Center, a 15.5k sf multi-tenant shopping center located at the northwest corner of Beach Blvd and Stage Rd in the City of Buena Park was purchased by two Orange County-based individual investors for $5.25 mil ($339...
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• Retail Briefs
1/26/06
LOMITA (Los Angeles County) – Citivest Inc, an Orange County-based private investment group, purchased Rolling Hills View Center, a 44.8k sf retail center on 2.6 acres at 26640-26650 Western Ave, at Palos Verdes Dr just north...
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• REZA Starts a Renaissance in Vegas
1/25/06
REZA Investment Group Inc, the Irvine-based retail investment advisory firm led by Reza Etedali, is well known for brokering the sales of many high profile malls and neighborhood shopping centers around the country. In this r...
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• Retail Briefs
1/24/06
SOUTH PASADENA (Los Angeles County) -- A California-based investment group paid $5.12 mil for a 6.9k sf ($742/sf) strip center in South Pasadena. The property was built in 2004 and is located on a .37-acre lot at 1318 Hunting...
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• Developers Busy Creating Retail for Growing Inland Empire Population
1/23/06
The Inland Empire is booming, thanks in part to the area being such a strategic SoCal location for so many large major retailers to place needed regional distribution facilities. Other factors include more readily available l...
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• January 19, 2006 - $47 Mil Retail Buy Gives Federal Realty Something to Crow About
1/19/06
Federal Realty Investment Trust (NYSE: FRT) has acquired Crow Canyon Commons, a 228k sf grocery-anchored community shopping center located in the NoCal town of San Ramon. The Trust purchased the leasehold interest in the shop...
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• Financing Notes
1/18/06
Sonnenblick-Eichner Company has arranged $22 mil of first mortgage financing for 1040 Grant Rd, a 112k sf shopping center located in the NoCal community of Mountain View. The 10-year fixed-rate loan, which was placed with a ...
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• Retail Briefs
1/16/06
COACHELLA (Riverside County) – A local private investor paid $14.2 mil for Coachella Shopping Center, a 121.8k sf ($117/sf) shopping center located at 49617-49939 Harrison St. The property, which was constructed in 1973 and r...
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• San Diego Retail Review
1/13/06
SCRIPPS RANCH – A venture of two California limited partnerships, S.R. Marketplace LP and Tres Pinos Ltd, paid $15.1 mil for the 28.7k sf ($526/sf) second phase of the Scripps Ranch Marketplace shopping center, located at 105...
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• Retail Briefs
1/11/06
MISSION VIEJO (Orange County) – Washington Capital Management, a San Diego-based pension fund advisor, paid $42 mil for Plaza del Lago, a 97.7k sf ($430/sf) retail center at 27752 Vista del Lago. The center, which was built i...
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• Review of Big End-of-Year SoCal Retail Sales
1/05/06
In this report, we'll take a look at a few sizable end-of-year retail sales from various areas in Southern California. The transactions range from a high of $42 mil down to a low of around $10 mil. Together, the four deals ha...
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• PASSCO Collects $170 Mil from Sale of Puente Hills Mall
1/04/06
Glimcher Realty Trust has purchased Puente Hills Mall, a 1.2 msf enclosed mall located at the corner of Colima Rd and Azusa Ave in the City of Industry, in a deal worth $170.1 mil ($142/sf). The property was sold by Irvine-ba...
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• Hollywood Development Site Hits the Market
1/03/06
A 1.17-acre mixed-use development site in Hollywood has been listed for $13.75 mil ($270/sf). The property, which is located at 1530 N. Cahuenga Blvd and 1523 Ivar Ave, is an opportunity for a developer to build a mixed-use r...
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• Holiday Season Retail Sales from San Diego
12/29/05
Here's the scoop on a pair of recent San Diego-area retail sales, with a combined value of over $12 mil. The transactions took place in Kearny Mesa and Santee.
In the Kearny Mesa deal, a venture of Mercury Village Holdings I...
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• Retail Briefs
12/28/05
UPLAND (San Bernardino County) – LA-based Corelsun LLC paid $3.1 mil for Samantha Upland Center, a newly built, 5.5k sf ($563/sf) retail property located at 1261 W. Foothill Blvd, near the 210 Fwy. The building, situated on ....
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• New 42-Acre Retail Project Planned for City of Chino
12/22/05
Panattoni Development Company LLC is currently in the entitlement phase of a 42-acre retail project proposed for the city of Chino. Situated at the northeast corner of Ramona Ave and Chino Hills Pkwy, the project has been apt...
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