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• Retail Briefs
10/19/05
MESA, AZ (Maricopa County) – Falcon Gateway Shopping Center, a 59.2k sf center located on the southeast corner of McKellips and Greenfield Roads, sold for $17.6 mil ($297/sf). Built in 2003, the center is 98% leased to such t...
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• SCI Picks Up Park Place; Has No Plans to Add a Hotel
10/18/05
LA-based SCI Real Estate Investments has acquired Park Place II, a 242.7k sf retail center in Sacramento, for $71.5 mil ($295/sf) and, with this deal, has brought its California portfolio to over $243 mil. SCI is marketing th...
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• Inland Western Acquires 25 Mervyns Stores in $221 Mil Transaction
10/17/05
Inland Western Retail Real Estate Trust Inc, an affiliate of Oak Brook, IL-based The Inland Real Estate Group of Companies Inc, has acquired 25 operating Mervyns department stores, 23 of which are located in California, while...
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• Retail Briefs
10/14/05
UPLAND (San Bernardino County) -- A Beverly Hills investment group paid $9.275 mil for Upland Hills West, a 30.6k sf ($303/sf) retail center located at 1001-1103 E. 16th Street in Upland. Originally built in 1998, the four-bu...
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• Westfield Set to Unveil $150 Mil Redevelopment of Century City Center
10/13/05
One of LA's most popular shopping complexes, Westfield Century City, is nearing completion of an exciting $150 mil redevelopment and expansion, set to open to the public this fall. The excitement begins with the November 15 d...
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• REI Climbs into Former Toys R Us Space in Santa Monica
10/12/05
Recreational Equipment Inc (REI), the popular outdoor gear and clothing cooperative known as REI, has inked a lease for 32k sf of retail space at 402 Santa Monica Blvd, located at the corner with 4th St in Santa Monica. The ...
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• It's Unanimous!! LA City Council Approves Convention Hotel Package
10/10/05
In perhaps the biggest downtown LA real estate story since Staples Center was approved, on Friday, September 20th, the LA City Council unanimously approved the plans and financial package for Wolff Urban Management and Apollo...
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• Three More Tenants Sign Up for The Shops at Tanforan
10/10/05
Three major tenants have inked leases at The Shops at Tanforan, a $140 mil redevelopment of a regional mall in the South San Francisco peninsula that will have its Grand Re-Opening on October 7. The tenants, all of whom are n...
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• Retail Briefs
10/06/05
SAN MARCOS (San Diego County) – Pacific Management Ventures Inc agreed to a 10-year, $935.7k lease for 2k sf ($3.90/sf/mo) of retail space in Creekside Marketplace, located at the southwest corner of Hwy 78 and San Marcos Blv...
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• Venice Shopping Center Sale is Coming Up Roses
10/05/05
Combined Properties has acquired Lincoln Rose Shopping Center, a 75.3k sf retail center at 119-201 Lincoln Blvd, just north of Rose Ave in the LA-area community of Venice. The property, which was constructed back in 1965, sol...
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• Torrey Hills Center is Smokin' after Inking Deals for Final Four Stores
10/04/05
Torrey Hills Center, a new 86.6k sf shopping center under construction in Torrey Hills, is completely leased up after recent signings for the four final spaces. The project, which is located at 4639-4653 Carmel Mountain Rd, e...
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• Retail Briefs
9/29/05
WEST HILLS (Los Angeles County) -- 24 Hour Fitness signed a 15-year lease for 19.8k sf of space at the Fallbrook Center, located along Fallbrook Ave between Victory Blvd and Vanowen St. The tenant, which was represented by Cy...
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• NewMark Heads Upland
9/27/05
NewMark Merrill Companies paid $19.1 mil for Upland Town Square, a 105k sf ($182/sf) shopping center located on the northwest corner of Foothill Blvd and San Antonio Ave, in heart of Upland. It was sold by OC-based Passco Rea...
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• Major Retailers Want Part of Legacy in Tustin
9/23/05
A number of the major tenants, restaurants and specialty retailers have been confirmed at The District at Tustin Legacy, a new 1 msf lifestyle center being built by Phoenix-based Vestar Development on the corner of Jamboree a...
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• Retail Briefs
9/22/05
LAS VEGAS (Clark County) -- American Realty Advisors, a Glendale-based pension fund advisor, purchased a 103.1k sf portion of Horizon Town Center and 6.4 acres of undeveloped land in Henderson, NV from The Merrill Companies o...
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• New Costa Mesa Home Furnishings Centre is 55% Pre-Leased
9/21/05
Wickes Furniture is set to anchor Birtcher Development's new eight-building, 300k sf South Coast Home Furnishings Centre. The $90 mil development, located at 3333 Hyland Rd in Costa Mesa, offers I-405 freeway frontage and is...
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• Wal-Mart Anchors Two New Coachella Valley Retail Centers
9/20/05
Two new retail developments, Desert Gateway and Destination Ramon, are under construction in the Coachella Valley, both anchored by Wal-Mart Supercenters. Propelled by phenomenal population growth in the area - 395,000 reside...
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• Retail Brokers Get Degree in Terranomics
9/16/05
In this report we'll rundown a few recent retail signings in the Bay Area, brokered, at lease in part, by Terranomics, the retail division of BT Commercial/NAI.
Foot EFX agreed to a five-year lease for 1.8k sf of expansion s...
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• Retail Briefs
9/14/05
LAKESIDE (San Diego County) -- La Jolla Development Group/Lakeside Plaza LLC paid $5 mil for Lakeside Plaza Shopping Center, a 42.1k sf Vons-anchored center at 12403-12421 Woodside Ave. The transaction also included approxi...
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• Downtown SD Retail Condo Fetches $6.9 Mil
9/13/05
A 17.9k sf retail condominium complex located on the ground floor of Laurel Bay, a mixed-use residential and retail development, traded hands for $6.9 mil ($385/sf). The property is located at 2400 Fifth Ave, just north of do...
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