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• Faris Lee Puts Retail Investors on a Fitness Program
8/30/05
Two LA Fitness properties, one in Irvine and the other in Hillsboro, OR, were sold in separate deals totaling $25.05 mil. Both transactions were brokered by Faris Lee Investments, the Irvine-based retail brokerage firm.
In t...
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• Bay Area Center on the Market for $19 Mil
8/29/05
Los Gatos Village Square, a 45.7k sf mixed-use retail/office property in the Bay Area community of Los Gatos, has been listed for sale with an asking price of $19.1 mil ($418/sf). Located at 15466 Los Gatos Blvd, the property...
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• Cadence Capital Closes $45 Mil Retail Buy in Lancaster
8/26/05
Cadence Capital has acquired a 322.2k sf portion of Lancaster Commerce Center from Passco Real Estate Enterprises for $45 mil ($140/sf). The center, which is situated on 55 acres at the southeast corner of the Antelope Valley...
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• Terranomics Pros Close NoCal Retail Deals
8/25/05
For those of you who follow retail activity from around the Bay Area, here's the latest collection of transactions brokered by Terranomics, the retail division of BT Commercial/NAI.
In San Jose, Marshalls inked a lease for 3...
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• Investors Keep Shopping for Shopping Centers
8/24/05
THOUSAND OAKS (Ventura County) – Robertson Properties Group paid $23.6 mil for Newbury Oaks Marketplace, an 85k sf ($278/sf) shopping center situated off the 101 Fwy at Borchard. The center is anchored by Vons and Longs Drugs...
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• Retail Briefs
8/23/05
SAN DIEGO (San Diego County) – A 7.4k sf multi-tenant retail center located at 3740 Rosecrans St was purchased by H&A San Diego LP for $3.2 mil ($432/sf). The center is fully leased to such tenants as Nextel, Check Cashers of...
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• Retail Briefs
8/19/05
LONG BEACH (Los Angeles County) – A 1.6k sf retail property at 404 Redondo Ave sold for $1.325 mil ($829/sf). The building, which is occupied by Tuneup Masters on a NNN lease, sits on a 12.1k sf lot and has a NOI of $72.9k. D...
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• Riverside Retail Review
8/17/05
Here's a look at some notable retail activity from around Riverside County in the Inland Empire. In Menifee, Rancho Plaza LLC and Laguna Beach Properties LLC purchased 16.4 acres as tenant-in-common buyers. The buyers plan to...
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• Santa Ana Retail Property Fetches $17 Mil
8/16/05
Washington Capital Management Inc, a San Diego-based pension fund advisor, purchased the Brookhollow Showroom Retail Center, an 85.4k sf retail property in Santa Ana, for $17.2 mil ($201/sf). The asset was sold by CCA Acquisi...
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• Principal Life and Madison Marquette Invest $73 Mil in AZ Retail Center
8/15/05
Principal Life Insurance, in conjunction with Madison Marquette Retail Services, has acquired The Shops at Gainey Village, a 143.4k sf retail center at 8787 N. Scottsdale Rd in Scottsdale, AZ. The center, which includes shops...
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• Retail Briefs
8/12/05
SANTA ANA (Orange County) – A private investor paid $710k for an Arco Gas station on a 19k sf lot at 2646 W. First St. The property was fully occupied at the time of the sale and was acquired as a leased investment. Jeff Gayn...
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• Caruso Sets Sail on The Lakes
8/09/05
Caruso Affiliated's newest development, The Lakes, a 50k sf retail destination project on 11 acres in Thousand Oaks, opened to the public after a gala celebration event for civic and community leaders the other day. The event...
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• DBN to Begin Work on San Jacinto Shopping Center
8/08/05
Laguna Hills-based DBN Development LLC is planning a fall 2005 ground-breaking on the first phase of San Jacinto Esplanade, a 125k sf community shopping center. The $20 mil development is located on the San Jacinto and Hemet ...
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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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