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• Investors Grab Pair of Grand Retail Properties in Chino
9/23/04
In a Buena Park retail sale, Donahue Schriber Realty Group collected $6.2 mil from the sale of McComber Shopping Center, a 23.1k sf ($268/sf) retail property at the corner of Beach Blvd and Malvern Ave. The buyer, Rowland Hei...
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• Investor Makes a Place for 85k sf Chunk of CityPlace
9/22/04
Cleveland-based Developers Diversified Realty (NYSE: DDR) and Coventry Real Estate Partners (Coventry) have collected $16.6 mil from the sale of a portion of their recently completed CityPlace shopping center in Long Beach. ...
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• Vista Village Leading a Turnaround in Downtown Vista
9/21/04
The 84.5k sf second phase at Vista Village, a multi-phased retail development at Vista Village Dr and Santa Fe Ave along Hwy 78 in Vista, is well underway. The pedestrian-oriented project is already pre-leased to Chili's Gril...
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• National Retailer Targets Large Conference Center Site in Buena Park
9/20/04
A 10-acre Buena Park site at the corner of Orangethorpe and Western Aves that has housed a conference center and banquet hall for many years is being redeveloped with plans for a new 123.9k sf Target and other retail uses. Th...
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• Reza Investment Group Adds Urban Flavor
9/17/04
REZA Investment Group (RIG), the Orange County based retail investment advisory firm led by Reza Etedali, has formed “RIG Urban,” a new company division focusing on investment advisory and brokerage of mixed-use, urban revita...
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• General Growth Gets Slapped Again
9/16/04
The latest round in the ongoing saga of Caruso Affiliated's battle with General Growth Properties has gone to Caruso, as he won voter approval in a city-wide referendum vote on Tuesday to build his new lifestyle center, the T...
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• Marketplace Properties Acquires Three Former Ralphs Stores in SoCal
9/15/04
Tustin-based Marketplace Properties just acquired three former Ralphs supermarket buildings located in the SoCal cities of Westminster, Corona and Rancho Bernardo (San Diego). The company has already finalized leases for two ...
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• Retail Notes
9/14/04
LAS VEGAS (Clark County) -- Passco Real Estate Enterprises Inc, a 1031 “TIC” tax exchange specialist, has acquired a 45.2k sf portion of Eastwind Center, a 115k sf grocery-anchored neighborhood center, for $14 mil ($310/sf). ...
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• San Diego Center Sells for $8.4 Mil
9/13/04
A San Diego-based private investment entity paid $8.4 mil for Serra Mesa Shopping Center, a 55.6k sf ($151/sf) retail center at 3202-3340 Greyling Dr and 3352 Sandrock Rd, east of I-805 and south of Montgomery Field in San Di...
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• Retail Briefs
9/10/04
SAN DIEGO (San Diego County) - L & L Center LLC has sold the ground floor retail space of the Renaissance condominium project for $6.8 mil. The 12.4k sf ($548/sf) property is located at 645 Front St on the block bounded by F...
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• September 10, 2004 - Time For Some Green In Brownfields?
9/10/04
For some time now we've been receiving the brief and informative email newsletter called Environmental Enlightenment from Ami Adini, an environmental consultant, although this is the first time we've reprinted an issue for yo...
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• Westfield Off to the Races at Santa Anita
9/09/04
Westfield, the international shopping center REIT based out of Australia, will be holding a grand opening of a major expansion at its Shoppingtown Santa Anita center in the San Gabriel Valley. Scheduled to open on October 1, ...
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• Private Investor Pays $7 Mil for New Food Court in Warner Center
9/09/04
A private investor paid $7.15 mil for LNR Warner Center Food Court, a new 10.5k sf ($681/sf) retail center located at 5780 Canoga Ave in the Warner Center area of Woodland Hills. Irvine-based developer Lennar Partners, a div...
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• More Good News for San Diego's Retail Market
9/08/04
A just released report from Burnham Real Estate Services indicates that San Diego's retail market just keeps getting better. The latest figures show that vacancy is low, rents are rising and building activity is on the upswin...
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• Sheldon Gordon Sues Simon Property Group Over Sale of Forum Shops
9/07/04
Giant shopping center REIT Simon Property Group is involved in a battle with another national retail firm, as the company is being sued by developer Sheldon Gordon over its purchase of Gordon's 40% stake in The Forum Shops ma...
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• Bedrosian Tile Picks Up Vista Retail Building for $10 Mil
9/07/04
Bedrosian Tile, through a related entity called Bedrosian Vista LLC, has purchased a 105k sf retail building in Vista for $10.2 mil ($97/sf). The building, which is located at 1725 Hacienda Dr, south of the 78 Fwy and east of...
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• Buyers Really Like Those Foothill Marketplaces in the Inland Empire
9/01/04
Just one week after we reported the $46 mil sale of the 288k sf Foothill Marketplace in Rancho Cucamonga, we've got word of yet another Foothill Marketplace in the Inland Empire that has changed hands. This one is a more humb...
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• Retail Briefs
8/31/04
SORRENTO MESA (San Diego County) – A California limited liability company paid $3.75 mil for Miramar Towers, a 10.1k sf retail center at 6906 Miramar Rd. Built in 2000, the property includes such tenants as: 7-Eleven (10-yea...
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• New Murrieta Retail Center is a Village Walk in the Park for Pearlman/Rancon
8/30/04
A partnership made up of Arthur Pearlman Corporation of Santa Monica and Rancon Real Estate in Murrieta is moving forward with a planned 330k sf power center along I-15, north of Temecula. Called Village Walk in Murrieta, the...
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• Pan Pacific Acquires 288k sf Rancho Cucamonga Center
8/26/04
Pan Pacific Properties, the NYSE-traded retail REIT, has purchased the 288.3k sf Foothill Marketplace in Rancho Cucamonga from Wattson Breevast for $46 mil ($160/sf). The property is tenanted by a number of national credit re...
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