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• The Island is a Big Hit in Carlsbad
8/04/05
The Island@Carlsbad, a 50k sf retail center in Carlsbad was acquired by an investment partnership for $17.6 mil ($352/sf). The property, which is located at 5802, 5804, 5806 and 5814 Van Allen Way, north of Palomar Airport Rd...
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• Retail Briefs
8/01/05
SAN DIEGO (San Diego County) -- San Diego-based Essel Properties LLC paid $29 mil for Clairemont Village, a 127k sf ($228/sf) retail center located at 3005 Clairemont Dr, one mile east of I-5 and near the ocean, Mission Bay a...
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• Simi Center Sells for $39 Mil
7/29/05
Mountaingate Plaza, a 287k sf retail center in Simi Valley, was acquired by a Portland, OR company for $39.6 mil, or about $138/sf. The property, located on the Northeast corner of Los Angeles Ave and First St, just south of ...
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• July 28, 2005 - $135 Mil Project to Provide Gateway to LA's Figueroa Corridor
7/28/05
LA-based Urban Partners is closer to beginning development of University Gateway, a $135 mil mixed-use project situated along downtown LA's Figueroa Corridor, thanks to a couple of significant events that will help move thing...
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• New Fontana Center Underway
7/28/05
Etiwanda Development has begun construction on Foothill Village, a new 30k sf neighborhood retail center in Fontana. The development, which is located on 2.63 acres at 14725 Foothill Blvd. Situated at the southeast corner of ...
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• Retail Briefs
7/27/05
LAKEWOOD (Los Angeles County) – Titans Capital LLC acquired a 9.3k sf retail building at 4929-4943 Paramount Blvd for $3.3 mil ($355/sf). The building's major tenant is GameStop Inc, which occupies 1.5k sf. The remaining 7.8k...
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• Diamond Terrace Sparkling after Pair of Retail Condo Sales
7/26/05
Two of the retail units at Diamond Terrace, a new residential/retail tower at 427 Ninth Ave in Downtown San Diego, were just sold in deals with a combined value of $4.6 mil. The project is being built by D.T San Diego Develop...
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• Retail Briefs
7/21/05
HESPERIA (San Bernardino County) – A 2.4k sf Popeye's Chicken & Biscuits retail building at 14777 Bear Valley Rd was sold for $1.83 mil ($769/sf). The property, which was just built in 2004, sits on a 21k sf lot. Popeye's NNN...
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• Property Management Notes
7/19/05
LA-based NewMark Merrill Companies recently was awarded the property management assignments for a number of SoCal retail centers. They are University Village in Riverside (178k sf), Mesa Town Center in the Mira Mesa area of S...
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• OC Center to Become a Metro Property
7/15/05
Metro Properties LLC has paid $11.1 mil for Anaheim West Shopping Center, a 79.9k sf ($139/sf) retail center at 3150 Lincoln Ave, between Beach Blvd and Western Ave in West Anaheim. The one-story center, located near the 5 an...
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• New Retail Product in Downtown San Diego Barely Keeping up with Demand
7/14/05
The downtown San Diego retail market is hot and getting hotter – with 1,129,341 square feet of new space planned or under construction, 64 percent of which is located in the East Village area near PETCO Park. Here's a review ...
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• Retail Briefs
7/13/05
SACRAMENTO (Sacramento County) – An investor paid slightly over the asking price of $4.3 mil for a 22.8k sf ($189/sf) strip center at 2538-2560 Cottage Way. The property is anchored by Kragen Auto and is located near Auto Row...
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• Newmark Merrill to Develop Mixed-User in Ontario
7/12/05
NewMark Merrill Companies has acquired 30 acres of land in the City of Ontario for the development of a 207k sf mixed-use retail development to be called The Marketplace on Grove. The development is located at the southwest c...
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• New Shopping Centers to Add to Murrieta's Heritage
7/08/05
Heritage Marketplace Shopping Center, a new 90k sf neighborhood shopping center currently under construction in Murrieta, is already 95 percent pre-leased. Located at the southeast corner of Scott Rd and I-215, at the north ...
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• OC Investor Prefers LA Fitness
7/07/05
Costa Mesa-based Bayport Jamboree Associates LLC has purchased a four-acre LA Fitness® property in Irvine for $15.45 mil. The property, located at 2880 Michelle Dr, south of I-5 at Jamboree Rd, was acquired from CT Realty. CT...
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• Retail Briefs
7/06/05
DOWNTOWN SAN DIEGO (San Diego County) – Adidas Promotional Retail Operations inked a 10-year, $1.53 mil lease for 5.1k sf ($2.50/sf/mo) of retail space at 926 Fifth Ave. Adidas, the international manufacturer and retailer of ...
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• Investors Acquire Fashion District Building in Downtown LA
7/05/05
DNR Bros paid $1.24 mil for a 5.4k sf ($230/sf) structure located at 832-840 Spring St, where Spring and Main streets converge in Downtown Los Angeles. The two-story building, situated at the gateway to LA's Fashion District...
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• Mira Mesa Center Trades for $27 Mil
7/01/05
A San Diego investment entity closed on a sizable retail acquisition in the Mira Mesa area, having paid $27.3 mil for Mesa Shopping Center, a 140.3k sf ($195/sf) property at 8915-9035 Mira Mesa Blvd, between Camino Ruiz and B...
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• Downtown San Diego Retail Space Sells for $579/sf
6/30/05
India One Investments has paid $4 mil for Portico Retail Condominiums, which consist of 6.9k sf ($579/sf) of retail space in five ground-level condominiums. The retail spaces, located at 1435 India St., are part of a five-sto...
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• Retail Briefs
6/27/05
SIMI VALLEY (Ventura County) -- Home Goods has signed a 10-year lease for 24.8k sf of space Sycamore Village, located at the southeast corner of Sycamore and Cochran. They will occupy a former Mann Theatre building and are ex...
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