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• SoCal Retail Briefs
3/30/05
LANCASTER (Los Angeles County) -- The Encino office of Marcus & Millichap Real Estate recently facilitated the sale of two commercial properties in Lancaster, in separate transactions. In one of the deals, the 61.7k sf Antelo...
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• The Marcus & Millichap Retail Bazaar
3/29/05
Marcus & Millichap, the national investment brokerage firm HQ'd out of Encino and Palo Alto, continues to rack up the retail sales. In this report, we'll review a number of recent deals handled out of the firm's Newport Beach...
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• Hopkins is Hopping Across SoCal
3/28/05
Orange County-based Hopkins Real Estate Group (HREG) has acquired two pieces of land totaling 40 acres in Mira Loma, on which they intend to develop a 360k sf community shopping center. Hopkins acquired the Riverside County l...
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• Retail Briefs
3/28/05
LADERA HEIGHTS (Los Angeles County) -- Wherehouse Music signed a five-year, $867k renewal for 5k sf ($2.89/sf/mo) of space at the Ladera Center, located at 5309 Centinela Ave in Ladera Heights. Wilson Commercial Real Estate o...
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• Financing Notes
3/25/05
Holliday Fenoglio Fowler (HFF) has arranged $20 mil in refinancing for Laurel Promenade, a 53.2k sf, two-story, unanchored retail center in Studio City. Completed in 1993, Laurel Promenade is 100% occupied by a number of nati...
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• New Report Says that Singles are in Great Demand
3/24/05
Marcus & Millichap Real Estate Investment Brokerage Company recently released its 2005 Retail Tenant Outlook, which indicates that single-tenant net-lease properties continue to outperform other property classes. The report f...
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• Sandstone Picks Up Retail Centers in Oceanside and Diamond Bar
3/23/05
Santa Monica-based Sandstone Properties just closed on two retail acquisitions, one in Oceanside and the other in Diamond Bar, with a total cost of $29.6 mil. Sandstone, which is run by Greg Sackler and Eri Kroch, partnered w...
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• Draftsmen & Craftsmen
3/22/05
The West Hollywood Gateway, an urban infill retail project, has been honored with the Project of the Year award in the category of Office/Commercial Retail by the California Redevelopment Association. It was developed by J.H....
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• Financing Notes
3/21/05
An important development for Anaheim got the dollars it needs to move forward as Fremont Investment & Loan has provided financing of $25 mil to Anaheim GW LLC for the acquisition of the Anaheim Gardenwalk site near Disneyland...
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• Retail Briefs
3/17/05
POWAY (San Diego County) – Artistic Flooring (also known as The Gourmet Kitchen) signed a 10-year, $638k lease for 2k sf of space at Poway City Centre. The Gourmet Kitchen, a catering business, plans to take occupancy of its ...
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• Another $40 Mil TIC Buy for SCI
3/16/05
SCI Real Estate Investments acquired the 130.1k sf “Casa Paloma Shopping Center” in the affluent community of Chandler, AZ, on behalf of a group of T-I-C investors. The Class A property, which sold for roughly $44 mil ($338/s...
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• Cerritos Retail Property Sells for Near $570/sf
3/15/05
An Orange County private investor has acquired South Street Center, a 76.4k sf retail shopping center located in the Los Angeles suburb of Cerritos. The property sold for very near its asking price of $43.9 mil, which would w...
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• Retail Briefs
3/11/05
PLACENTIA (Orange County) – Wholesale Salvage Buyers inked a $2 mil multi-year sublease for a 20k sf retail building at 1882 North Placentia Blvd. Wholesale Salvage Buyers will be relocating from Whittier and plans to use the...
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• Robinsons-May to Add a Big Shoppe at Chino Hills
3/10/05
Robinsons-May has signed a letter of intent to be an anchor at the Shoppes at Chino Hills, the 550k sf open-air regional center in Chino Hills. Robinsons-May plans to occupy a 140k sf, two-level store within the center, whic...
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• Pacific Coast Capital Partners Takes a Walk in Anaheim
3/09/05
A new development partnership has announced plans for a 19.3-acre retail and hotel development in Anaheim, called Anaheim Garden Walk. The project is a venture of Pacific Coast Capital Partners (PCCP) and Anaheim Development ...
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• Retail Briefs
3/08/05
PLACENTIA (Orange County) – Wholesale Salvage Buyers inked a $2 mil multi-year sublease for a 20k sf retail building at 1882 North Placentia Blvd. Wholesale Salvage Buyers will be relocating from Whittier and plans to use the...
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• Miramar Retail Property Fetches $44 Mil
3/07/05
A California limited partnership closed on the $44.25 mil purchase of the Metroplex Retail Center, a two-building, 210.9k sf ($210/sf) complex in San Diego's Miramar area. Located at 7340 and 7480 Miramar Rd, the Metroplex is...
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• Here's How to Lease 32k sf of New Retail Space
3/04/05
NoHo Commons, a $200 mil, mixed-use project being developed around the North Hollywood Red Line subway station by J.h Snyder Company, has signed How's Market to a lease for 32k sf of retail space in the Project's second phase...
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• Recent Signings at Canyon Crossings Includes an Incredible Tenant
3/03/05
Canyon Crossings, a $42 mil, 90-acre, mixed-use project in the city of Riverside currently being developed by Transcan Development, recently signed a number of new tenants. They include John's Incredible Pizza, LA Fitness, Wi...
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• Retail Briefs
3/02/05
MARINA DEL REY (Los Angeles County) – A Northern California group paid $10 mil for a 10.4k sf ($961.50/sf) Walgreens Drug store at 4009 Lincoln Blvd, around the corner from the RENTV World HQ. Walgreens, which built the store...
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