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Smart and Final Makes Point in San Diego 12/04/02 Smart and Final Stores, the big foodservice and warehouse grocery company (did you know they operate 230 stores in seven states and northern Mexico?), inked a sublease from Office Depot for 27.6k sf of store space at the Camp...
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Newport Beach Investment Firm Goes Shopping in Inglewood 11/29/02 Metro Commercial Realty, out of Newport Beach, paid $5.2 mil for a 35.5k sf ($146.50/sf) grocery/drug-anchored retail center at 230 and 250 North La Brea Ave, north of Manchester Blvd and east of the 405 Fwy in Inglewood. Com...
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Retail Briefs 11/27/02 WEST LOS ANGELES – (Los Angeles County) – Imperia Corporation, a kosher grocery business, signed a $1.2 mil, 10-year lease for a 4.9k sf ($2.04/sf/mo) store at 11540 Santa Monica Blvd, between Barrington Ave and Sawtelle Blvd...
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Outlook for Retail in Orange County Looks Strong 11/26/02 We recently received a Retail Research Report for the Orange County market, which was just released by Marcus & Millichap. The report finds that improving economic conditions and the lagging stock market will continue to keep...
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SF Investors Get Carter 11/25/02 Carter Station, the 14.4k sf retail component of a new mixed-use development in Newark, was purchased by a pair of SF investors for $3.38 mil ($235/sf). Planned and entitled by Danville-based Trumark Companies, the entire 18....
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New McDonald's at Old Grove Marketplace in Oceanside 11/22/02 Here are two more restaurant leases from San Diego County, one in Oceanside and the other in downtown San Diego's Gaslamp Quarter. We'll begin with the Oceanside deal, as Mickey D's will be opening a new store – something lik...
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Marlton Square gets Green Light from LA City Council 11/21/02 Here's an update on an exciting mixed-use development planned for southwest LA, that we last discussed about three months ago, which has the potential to transform a sizable part of the city. The project is Marlton Square, a ...
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Sudberry on Target with Plans for 400k sf Chula Vista Retail Center 11/20/02 San Diego-based Sudberry Properties has plans for another major retail center, having paid $17.4 mil for a 35.6-acre ($11.22/sf) in Chula Vista, on which they intend to construct EastLake Village Marketplace, a 410k sf retail...
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Retail Briefs 11/15/02 HOLLYWOOD (Los Angeles County) – Hollywest Promenade, the first supermarket-anchored neighborhood shopping center to be developed in Hollywood in more than 20 years, celebrated its grand opening last week, with the help of a ...
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Fleming Opens a Restaurant in Downtown San Diego 11/14/02 We hope you've got an appetite for some retail comps, as we have a couple of recent restaurant leases from San Diego County to report. The first deal is in downtown San Diego's Marina District, as Fleming's Prime Steakhouse &...
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CityPlace a Fun Place at Recent Grand Opening 11/13/02 Well, it's official – CityPlace, Developers Diversified Realty's (DDR) big new mixed-use development in downtown Long Beach has opened its doors. Following up on a story we reported a couple of weeks ago in which we updated y...
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Investors Pay $3.6 Mil for Fallbrook Towne Centre North 11/12/02 A Northern California investment group purchased Fallbrook Towne Centre North, a 21.3k sf shopping center situated adjacent to Fallbrook Town Centre in Fallbrook. The property is at 1075-1079 South Mission Rd, north of Ammuni...
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Pan Pacific to Acquire Center Trust 11/11/02 Here's a quick synopsis of a major retail REIT consolidation that was announced last week, as San Diego-based Pan Pacific Retail Properties agreed to acquire Center Trust for $219 mil in stock plus the assumption of debt. We ...
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Retail Briefs: Westwood Seller Gets $2 Mil from Only a Flesh Wound 11/08/02 SAN DIEGO (San Diego County) – Albertson's has inked a $5 mil, 25-year ground lease for a 14.7k sf ($1.13/sf/mo) Sav-On Drug store at the Serra Mesa Shopping Center. The property is located at 3332 Greyling Dr, east of Murray...
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November 7, 2002 - Financing Notes: Sonnenblick-Eichner Company Sinks $41 Mil in The River 11/07/02 Things should flow more smoothly at The River, J. H. Snyder's recently completed 240k sf Rancho Mirage retail/entertainment complex, thanks to permanent financing of $41 mil, arranged by Sonnenblick-Eichner Company, a Los Ang...
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Investors Bluff Their Way into Carlsbad Retail Center 11/06/02 A California limited liability company picked up a Carlsbad retail property, paying $11.2 mil for Westbluff Plaza, a 56.5k sf ($198/sf) shopping center. The property sits on a 4.5-acre site at 6986-6996 El Camino Real, on the...
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November 5, 2002 - There's more of a Marketplace for Desirable Glendale Retail Centers 11/05/02 Major retail properties in Glendale seem to be in demand right now. Just a few days after we reported that General Growth Properties has agreed to purchase the 1.5 msf Glendale Galleria for near $415 mil, another sizable reta...
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Long Beach to Become More of a CityPlace 11/01/02 Developers Diversified Realty Corp (DDR), the NYSE-traded retail owner/developer is currently underway with two exciting new Long Beach retail developments, which are expected to dramatically boost the entertainment and shopp...
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General Growth Gets Glendale Galleria 10/31/02 Following up on a huge retail sale that we first alluded to back in July, it looks like Chicago-based General Growth Properties is the buyer of the Glendale Galleria, the very successful 1.5 msf Glendale shopping center. Acco...
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Warner Marketplace Hits the Marketplace 10/30/02 It looks like J.H. Snyder is intent on unloading another of their primo retail centers, as the big SoCal developer has enlisted the services of Sperry Van Ness to find a buyer for Warner Marketplace, a 159k sf high-profile ce...
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