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Retail Briefs 12/21/05 THOUSAND OAKS (Ventura County) -- Decron Properties, a Los Angeles-based investor, purchased Park Oaks Shopping Center, a 110.1k sf retail center located at 1640-1790 Moorpark Rd. The transaction was valued at $43 mil ($390/s...
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Financing Notes 12/20/05 The Los Angeles office of Holliday Fenoglio Fowler LP (HFF) has arranged loans totaling $74.05 mil for two Class A California retail centers owned by the Arba Group: Hastings Village in Pasadena and Beverly West Square in Wes...
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Investor in $15 Mil Woodland Buy 12/19/05 County Fair Mall, a 400k sf value-oriented shopping center in the NoCal town of Woodland, was purchased for $15.1 mil ($38/sf). Built in 1986, the 35-acre mall is located at the intersection of East Gibson and East St, one bl...
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SoCal Retail Briefs 12/15/05 PALMDALE (Los Angeles County) – An investment group paid $6.98 mil for a 27.5k sf ($253/sf) portion of Palmdale Village Plaza, a neighborhood shopping center anchored by Food 4 Less and Rite Aid. The asset covers 2.73 acres a...
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Financing Notes 12/14/05 Fremont Investment & Loan has closed on a $51.5 mil loan to an affiliate of Sudberry Properties for the land acquisition and planned construction of Village Walk at Eastlake. The 13.25-acre parcel is entitled for 157k sf of ...
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West LA Retail Center Trades for $53 Mil 12/13/05 Ladera Center, a 186.8k sf shopping center located at 5233-5399 W. Centinela Ave, on the south side of the 90 Fwy near Playa Vista, sold for $53 mil ($284/sf). The buyer assumed the existing loan of $22 mil at 5.15 percent in...
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New Corona Retail Center Fetches $525/sf 12/12/05 Main Street Village, a new 20k sf neighborhood shopping center in the city of Corona, was acquired by an LA-based investment group for $10.5 mil ($525/sf). Located at the northeast corner of Main St and Ontario Ave, Main Stre...
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Retail Briefs 12/09/05 LA PUENTE (Orange County) – Big 5 Corporation, dba Big 5 Sporting Goods, has signed a five-year, $768.8k sf lease for 15k sf ($0.85/sf/mo) of retail space located in Plaza De Hacienda at 1800 Hacienda Blvd. Big 5 Corporation,...
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Studio City is the Place for Combined Properties 12/08/05 Studio City Place, a 108.2k sf shopping center situated on a busy stretch of Ventura Blvd between Vineland Ave and Tujunga Ave in Studio City, was purchased by Combined Properties Inc. The urban infill property, which is loc...
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UBS Spends $52 Mil at the Marketplace 12/07/05 UBS Realty Advisors, the global financial services firm, has acquired Warner Marketplace, a 160.1k sf open-air contemporary community shopping center in the western San Fernando Valley. The complex, which is located at 6530 C...
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Westwood Financial Acquires a Village in San Ysidro 12/06/05 LA-based Westwood Financial Corp has acquired San Ysidro Village, a 258k sf community shopping center anchored by Kmart, Ross Dress for Less and Marshalls in the San Diego County community of San Ysidro. The shopping center,...
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San Diego Investors Get University Education in $41 Mil Retail Buy 12/02/05 An investment group closed on University Square, a 184.2k sf retail center located on a 20-acre site at 5801-5985 University Ave, west of College Ave in the Rolando section of San Diego. The property sold for $41.3 mil, or ab...
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Buchanan Walks the Line in Folsom Buy 12/01/05 A joint venture of Buchanan Street Partners and Hill Companies has acquired Folsom Shopping Center, a 139k sf retail center in downtown Folsom, for $36 mil ($259/sf). The shopping center is situated on 13.8 acres in this Sacr...
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San Mateo Retail Property Fetches $90 Mil 11/30/05 SPI Holdings purchased Bridgepointe Center, a 270k sf portion of a regional shopping center located in San Mateo. The property, which traded for around $90 mil ($333/sf), was sold by Westlake Global Management. It is located...
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Retail Briefs 11/29/05 CHULA VISTA (San Diego County) – A California partnership picked up a 96.1k sf portion of Terra Nova Plaza for $18.125 mil ($189/sf). The investment, located at 390 H St, is occupied by Sports Authority and Bed, Bath & Beyond...
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Combined Pays $30 Mil for Brentwood Retail Center 11/28/05 Beverly Hills-based Combined Properties purchased Brentwood Place, a 65.5k sf vertical neighborhood center 12007 Wilshire Blvd in Brentwood. The property, which was sold by Champion Development Group, traded for $30.9 mil ($4...
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General Growth Defeated Again in Efforts to Halt Competitive Glendale Project 11/24/05 General Growth Properties has lost yet again in its efforts to prevent developer Rick Caruso from moving forward with his Americana at Brand mixed-use project in Glendale. In this latest setback for General Growth, the Califo...
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SoCal Retail Briefs 11/23/05 HAWAIIAN GARDENS (Los Angeles County) – A 2.3k sf Taco Bell/Pizza Hut property at 11900 Carson St was purchased by Premier Commercial for $1.28 mil ($557/sf). The property was sold by the Goren Family Partnership LP, who has ...
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Grosvenor Sets Sail on The River 11/22/05 British-based Grosvenor has acquired the River, an upscale retail project in Rancho Mirage, from JH Snyder Company, which developed the center in 2001. The 227.6k sf Class A entertainment and lifestyle complex is situated at ...
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Retail Briefs 11/21/05 CARLSBAD (San Diego County) – Anthropologie agreed to a lease for 9.6k sf of space at The Forum, a retail center located at the corner of El Camino Real and Calle Barcelona. This deal marks the first San Diego-area store for ...
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