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• Vegas Retail Properties Hit the Auction Market
10/15/03
A pair of Las Vegas retail properties is about to be sold through a court ordered auction, authorized by The United States Bankruptcy Court for the District of Nevada. The properties, Levitz Plaza I and II, will have a minimu...
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• San Diego Retail Investor Nabs Pearl of a Building
10/13/03
Here are a couple of recent sales of retail, really mixed-use, properties in San Diego County. We'll start in lovely La Jolla, where Starward Ventures paid $7.55 mil for a 32k sf apartment/retail complex at 712 Pearl Street c...
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• Retail Notes
10/10/03
SAN DIEGO (San Diego County) – Pacific Coast Precision inked a five-year, $628.8k lease for 5.2k sf ($2/sf/mo) of automotive-related space at 3425 Midway Dr. The space will be occupied by Precision Tune, a 340-unit full-servi...
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• October 9, 2003 - Half Off Sale in Milpitas
10/09/03
Barely two months after its purchase of the Great Mall of the Bay Area, Mills Corp is selling a 50 percent stake to German investment advisor Kan Am Grund Kapitalanlagegesellschaft for $136.4 mil. Mills bought the 1.3 msf Mil...
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• Simi Valley's Growing Up
10/08/03
What's a SoCal town these days without a retail project which calls itself the Town Center? Whatever it is Simi Valley won't be one of them for long, since the City Council last Monday approved the long awaited $300 Simi Vall...
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• There's A Market For The Glendale Marketplace
10/06/03
Regent Properties and Tolkin Group, the original developers and owners of the Glendale Marketplace, have sold the 160k sf pedestrian-oriented urban entertainment center to local investor WH Glendale Marketplace, LLC for a pri...
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• October 3, 2003 - Bayfair and Sunny
10/03/03
Bayfair Mall, a struggling shopping center adjacent to the Bay Fair BART station in San Leandro, sold to a Washington DC-based developer for $37 mil. The new owner, Madison Marquette, opened a new Main Street-style retail cen...
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• Combined Properties Finds Their HomeBase in Foothill Ranch
10/02/03
Combined Properties just closed on an Orange County retail buy, picking up a 104k sf former Homebase/House-2-Home building on an 11.2-acre site at the edge of Foothill Ranch. The property is located at the corner of Alton Pkw...
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• Statewide Retail Notes
9/30/03
TORRANCE (Los Angeles County) – Easy Life Furniture, the La Mirada-based home furniture retailer and the preferred dealer of Broyhill Gallery Furniture, inked a deal for a 40k sf store at 4310 Artesia Blvd, across from the Ga...
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• Lancaster Center Sells for $8.86 Mil
9/29/03
Somerset Village, a 76.1k sf Lancaster retail center, was sold for $8.86 mil ($116/sf). The neighborhood shopping center is located at 1915-1987 Avenue L, on the northeast corner of L and West 20th St, about one mile from the...
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• Shidler Collects $6.8 Mil from Sale of Retail Center
9/26/03
The Shidler Group has sold the Serra Mesa Shopping Center, a 56k sf shopping center on 4.8 acres at 3202-3340 Greyling Dr and 3352 Sandrock Rd in the Serra Mesa area of San Diego. The buyer, Rancho Serra Mesa LLC, paid $6.775...
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• September 25, 2003 - Oye Como Va
9/25/03
Nine more tenants have signed for space at Santana Row, a new development in San Jose that combines retail, entertainment, office, hotel and residential uses at a 43-acre site. In the largest deal, San Francisco-based Club On...
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• Victoria No Longer a Secret in Rancho Cucamonga
9/23/03
A major new Inland Empire retail center is under construction, as Forest City Enterprises has broken ground on the Victoria Gardens regional mall, a 1.3 msf open-air lifestyle and entertainment center being developed at the I...
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• September 22, 2003 - Jewel of a Deal
9/22/03
The San Francisco-based Emerald Fund sold the retail portion of Oceanview Village in Daly City for $500k above its list price. San Mateo real estate investor Tom Culligan paid $29 mil for the center. The full 7.5-acre project...
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• September 19, 2003 - New Northridge Quake
9/19/03
Northridge Mall, a 973k sf regional shopping center in Salinas, has been purchased by the Macerich Co of Santa Monica for about $128.5 mil in cash. The REIT used available cash and borrowings on its line of credit to fund the...
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• San Diego Retail Leasing Climate gets Chili
9/18/03
Here are a trio of recent San Diego retail leases from a pair of national credit retailers, Chili's and Puma, along with a deal from a local restaurant. In San Diego's Gaslamp Quarter, Puma North America inked a 10-year, $1.8...
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• Buyer Plucks Investment Fruit from Grove Plaza
9/17/03
The in-line shops portion, containing 38.3k sf, of the Grove Plaza Shopping Center was purchased by Grove Plaza Ontario LLC for $7.85 mil ($205/sf). Grove Plaza Shopping Center is a five building, 122.6k sf grocery and drug a...
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• Community College Students to Relax in The Living Room
9/16/03
Here's a trio of retail leases signed in San Diego County over the past month. In Poway, about a month ago, Alba Action Sports leased 27k sf of retail space at 12160 Community Rd from Michael Foster, who did the deal sans bro...
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• Retail Briefs
9/12/03
LONG BEACH (Los Angeles County) – Valley Properties paid $4.85 mil for a 53.2k sf ($91/sf) single-tenant retail property at 4700 Cherry Ave. The property, which sits on 3.7 acres of land, is leased to KV Mart Company and is u...
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• September 10, 2003 - Crossing Guards
9/10/03
Colliers International and Newmark Realty Capital Inc have brokered the sale of Sand Creek Crossing, a 251.8k sf shopping center in the growing Contra Costa County town of Brentwood. The seller was Philadelphia-based AIG Bake...
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