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Passco TIC Investors Become Village People 10/25/04 Passco Real Estate Enterprises Inc and its tenant-in-common investor group have completed a $100 mil acquisition of The Village at Orange, an 858k sf ($116.50/sf) regional mall just west of the 55 Fwy in the city of Orange. T...
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LaSalle Reels in Fisherman's Wharf Retail Center 10/22/04 Chicago-based LaSalle Investment Management has purchased the Anchorage, an 80k sf outdoor shopping center situated along Fisherman's Wharf in the heart of this very popular San Francisco tourist destination. Although the pri...
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Retail Briefs 10/20/04 RANCHO BERNARDO (San Diego County) -- Wild Oats Inc, the Boulder, CO-based specialty grocer, inked a lease for 38k sf of retail space in Rancho Bernardo for a new Henry's Marketplace store. The value of the 20-year lease was ...
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Cornerstone Corrals Corona Complex 10/19/04 Laguna Niguel-based Cornerstone Development purchased Sierra del Oro Town Center in the Inland Empire city of Corona for $18.24 mil, as part of a 1031 exchange. The 110.9k sf center, which is located at 2621-2721 Green River ...
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Four SoCal Retail Centers Trade Hands in Deals Worth almost $100 Mil 10/18/04 Four SoCal grocery-anchored shopping centers traded hands in the last 30 days, in deals with a combined value of nearly $100 mil. Reza Investment Group (RIG), the Orange County-based retail investment advisory firm led by Rez...
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Financing Notes 10/14/04 Newmark Realty Capital arranged $48.5 mil in permanent financing on the Marina Pacifica Shopping Center, a 477.5k sf retail center adjacent to the upscale Naples and Belmont Shores neighborhoods in Long Beach. The complex, wh...
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For Just $62 Mil You Can Join the Country Club Set 10/13/04 A unique 620k sf retail center in Sacramento has been put on the market. A Scottsdale, AZ group called Arizona Partners has listed Country Club Plaza, a single-level center anchored by Macy's Gottschalk's Bed Bath & Beyond an...
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Westcore Acquires Alpine Center 10/12/04 A Westcore Properties affiliate paid $8.6 mil for Alpine Creek Center, a six-building, 73.4k sf ($117/sf) retail center in the east San Diego County community of Alpine. The property is situated on 10.3 acres at 1347, 1385 an...
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Retail Notes 10/11/04 BUENA PARK (Orange County) - Red Mountain Retail Group, a Santa Ana-based investment buyer and value-added retail developer, purchased a 10-acre retail site in Buena Park formerly anchored by Kmart. The transaction was valued...
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October 8, 2004 - $44 Mil Buys a Town & Country in Sacramento 10/08/04 Two Orange County owners got together to complete a trade of a Sacramento shopping center, facilitated by a Sacramento brokerage team. Donahue Schriber, based in Costa Mesa, was the buyer and Triple Net Properties, based in S...
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Santa Monica Investor Bets on 330k Retail Center Along Vegas/LA Route 10/07/04 Santa Monica-based SJ Levy Company acquired the Factory Merchants Outlets in Barstow in a $12.5 mil transaction. The 330.3k sf ($39/sf) property was sold by New Plan Excel Realty Trust Inc (NYSE: NXL), a self-managed REIT bas...
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Long Beach Retail Center Sells for $13 Mil 10/06/04 Los Angeles-based M&A Gabaee, a California Limited Partnership and real estate investor, purchased a 156.2k sf retail center at 6700 Cherry Ave, north of Artesia Blvd at the 91 Fwy in Long Beach. The asset was sold by San Jos...
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SoCal Retail Briefs 10/05/04 TUSTIN (Orange County) – Bergstroms Childrens Stores, a family-owned business acquired Newport Camino Plaza, an 18k sf shopping center, for $6.6 mil ($367/sf). Built in 1995, Newport Camino Plaza is located at 13942-13982 New...
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Financing Notes 10/04/04 Holliday Fenoglio Fowler LP (HFF) has arranged financing of $13.7 mil for Plaza at Encinitas Ranch, a two-phase, 40.2k sf, Class A retail property in Encinitas. Plaza at Encinitas Ranch is located at El Camino Real and Leucad...
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Retail Continues to Sizzle in Downtown San Diego 10/01/04 A just released report by Burnham Real Estate shows that the downtown San Diego retail market is very strong, with new residential and office development boosting demand for space and lowering the area's overall vacancy to 7....
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Marketplace is a Very Busy Place 9/30/04 Tustin-based Marketplace Properties recently closed escrow on a Rancho Cucamonga site, on which the company plans to develop a new $18 mil, mixed-use hospitality/retail project called Town Place Square. Located at the northea...
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Tan Spends $40 Mil in Green on San Mateo Retail Center 9/29/04 The Tan Group, a Palo Alto-based developer/investor, purchased Central Park Plaza, a 111.4k sf retail property in San Mateo, a couple of blocks east of Hillsborough. The transaction was valued in the neighborhood of $40 mil (...
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SoCal Retail Briefs 9/28/04 LAS VEGAS (Clark County) -- Michaels Arts and Crafts, the country's largest arts and crafts retailer, has signed a $1.1 mil lease for a new 25k sf retail property at Charleston and Decatur Blvds, a few miles northwest of the ...
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Stanton Retail Building Goes from House2Home Depot 9/27/04 Home Depot, the giant home improvement big box chain, inked a deal for a new Orange County location, after agreeing to a 20-year lease for a 112k sf former House2Home site in Stanton. The new store will be part of the Playa G...
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Krausz Companies Makes $62 Mil Purchase of Inland Empire Retail Center 9/24/04 San Francisco-based Krausz Companies purchased a 264k sf Inland Empire retail center for $62 mil ($235/sf), as part of a 1031 exchange. The property is Crossroads Marketplace, a three-year-old center located adjacent to the 7...
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