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• Retail Briefs
2/15/05
RANCHO MIRAGE (Riverside County) – San Jose-based Desert Art Properties LLC paid $4.11 mil for Desert Square, a three-building, 13.3k sf ($309/sf) retail center at 70223-70225 Hwy 111, near the cross street of Thompson. Origi...
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• Passco Nabs $29 Mil Moreno Valley T-I-C Buy
2/14/05
Passco Real Estate Enterprises and its tenant-in-common investor group paid $29 mil for Moreno Valley Plaza shopping center, a 341k sf ($85/sf) center located at 23583-23955 Sunnymead Blvd, just south of the 60 Fwy between Pi...
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• San Diego Retail Deal Update
2/11/05
NATIONAL CITY: Sweetwater Plaza East Shopping Center, a 50.9k sf retail center at 1747 Sweetwater Rd, was purchased for $10.4 mil ($204/sf). Tenants at the center include GNL Inc (also known as Freedom Mortgage), Neighborhood...
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• Retail Briefs
2/10/05
WEST HILLS (Los Angeles County) – Ralph's Grocery Company paid $3.9 mil for a 12k sf ($325/sf) retail center, called the Shops at Sherman Way, located at the intersection of Sherman Way and Shoup. It was sold by Combined Prop...
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• Historical Place Becomes a Children's Place
2/09/05
The Children's Place, a New-Jersey based specialty retailer of children's merchandise, has signed a 13-year, $23 mil lease for the 72k sf ($2.05/sf/mo) historical Royal Laundry building located at 443 Raymond Ave, just east ...
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• Westfield Nails Target at Topanga Center
2/08/05
In a move that could signal a renaissance in traditional retail leasing trends at large regional centers, Westfield has announced plans to build a new Target store at its Topanga Canyon center in the San Fernando Valley, wher...
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Executive Subscriber Price: Free
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• Poway Plaza Adds Spicy Pickle to Its Lunch Menu
2/07/05
A 44.5k sf retail building in downtown San Diego was purchased by Caster Enterprises for $5.7 mil. Caster, also known as A-1 Self Storage, is a real estate developer that intends to convert the property into a mixed-use facil...
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• LA Retail Owner Strikes It Rich in $9 Mil Sale
2/04/05
San Pedro-based Rich Development Co has acquired a 32k sf infill shopping center near LA's MacArthur Park in a deal that came in close to the $9.1 mil ($284/sf) asking price. The property is located at 420 S. Alvarado St, wes...
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Executive Subscriber Price: Free
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• Retail Briefs
2/04/05
ONTARIO (San Bernardino County) – Erickson Family Partnership paid $1.8 mil for single-tenant building occupied by Washington Mutual that was just built in 2004. The building, which sits on a 1.09-acre lot at the intersection...
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Executive Subscriber Price: Free
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• CIM Group Becomes Toys "R" Us Kids
2/03/05
CIM Group, through its CIM Urban Real Estate Fund, has picked up a pair of downtown Santa Monica retail properties with a combined 74.4k sf of space. The purchase consists of a 52.4k sf building at 402 Santa Monica Blvd, curr...
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Executive Subscriber Price: Free
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• Transcan Plan Calls for 1 msf Retail Center in East Bay Area
2/02/05
Transcan Development LLC has announced plans for a major new retail development in the region around the city of Antioch in the eastern part of the Bay Area. The project, called County Crossings, will be a 1 msf regional reta...
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Executive Subscriber Price: Free
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• You Can Park $20 Mil in Parkview Village
1/31/05
Parkview Village Shops, a 94.8k sf shopping center in Long Beach, has been put on the market with an asking price of $19.875 mil ($210/sf). The offering, which consists of three city blocks of prime retail and office space on...
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Executive Subscriber Price: Free
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• Culinary Institute Cooks Up 10-Year Lease at The Dome
1/28/05
Career Education Corporation (CEC) agreed to a 10-year lease for 20k sf at The Dome Entertainment Center in Hollywood. CEC plans to use the space for a culinary institute offering a certificate program in the culinary arts. ...
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Executive Subscriber Price: Free
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• Red Mountain Grabs $58 Mil of Circuit City Properties
1/27/05
Santa Ana-based Red Mountain Retail Group (RMRG) has acquired a $58 mil portfolio of Circuit City buildings from MetLife Real Estate Investments. The acquisition consists of seven properties, six of which are in California, w...
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Executive Subscriber Price: Free
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• Valencia Retail Center Sells for $66 Mil
1/26/05
CPF Promenade LLC has purchased Promenade at Town Center, a 182.5k sf grocery-anchored retail center in Valencia, from RKR Incorporated, the center's developer. The transaction had a value of $66.6 mil, or about $365/sf. Bar...
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• SSR and CalPERS Spend $165 Mil, Hollywood-Style
1/26/05
SSR Realty Advisors, the pension fund advisor for CalPERS, has acquired the 625k sf Sunset + Vine mixed-use complex, a 3.4-acre development at 1555 Vine St, at the northwest corner of Sunset Blvd and Vine. According to a rece...
Price: $3.99
Executive Subscriber Price: Free
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• CA Retail Sales Review
1/25/05
ANAHEIM HILLS (Orange County) -- Remarc Management purchased El Rancho Plaza, a 25.5k sf multi-tenant retail strip center in the master-planned community of Anaheim Hills, for $7 mil ($275/sf). Situated on a 2.43-acre parcel ...
Price: $3.99
Executive Subscriber Price: Free
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• Caruso Sings Encore with Latest Win in Glendale
1/24/05
Caruso Affiliated prevailed in court once again in its ongoing battle with General Growth Properties' (GGP:NYSE), which has been trying to prevent the development of Caruso's new Town Center development in the city of Glendal...
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Executive Subscriber Price: Free
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• SoCal Retail Sales
1/24/05
BURBANK (Los Angeles County) – GAM Holdings LLC paid $7.65 mil for Landmark Center, a 28.1k sf ($272/sf) shopping center located at 2400 West Victory Blvd.Brandon Weinstock of NAI Capital Commercial represented the seller, GD...
Price: $3.99
Executive Subscriber Price: Free
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• Robertson Properties Completes Phase I of Kohl's-Anchored Center in Petaluma
1/21/05
Robertson Properties Group has completed the first phase of construction at Redwood Gateway, a 160k sf community retail center in Petaluma, anchored by Kohl's Department store. The 96k sf store, the fourth location for Kohl'...
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Executive Subscriber Price: Free
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