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• Retail Briefs
3/16/04
HUNTINGTON BEACH (Orange County) -- a private individual paid $8.9 mil for the College Country Shopping Center, a 58.6k sf ($152/sf) retail property at 7301-7400 Center Ave. The center, which was built in 1979 and sits on a 3...
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• CB Richard Ellis is Taking Its Vitamins
3/15/04
The Vitamin Shoppe® has retained CB Richard Ellis to coordinate the retail chain's expansion in San Francisco. CB will coordinate The Vitamin Shoppe's real estate strategy to seek and acquire prime locations of 2k sf to 4k sf...
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• OC Retail Properties Are so Harsch
3/12/04
The 280k sf Von Karman Plaza, aptly named because it sits where Von Karman Ave currently ends, at Barranca Pkwy, was sold by M&H Realty Partners, the major retail investor based out of SF, for $35 mil ($125/sf). The buyer was...
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• Retail Briefs
3/11/04
POWAY (San Diego County) – Lincoln Center, a 23k sf shopping center in Poway, traded hands for $2.2 mil ($96/sf). Located at 14168 Poway Rd, the complex was built in 1987 and is on a 1.22-acre site. The buyer, Lincoln Gateway...
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• Expect Retail Properties in the Bay Area to Remain Strong in 2004
3/11/04
We recently received the latest Retail Research Report for the Bay Area Market from Marcus & Millichap Real Estate Investment Brokerage Company, which we thought would be of interest to some of our readers. Here is a summary ...
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• La-Z-Boy Motivated by New Lease in Mission Viejo; Sushi Boy Cuts a Fresh Deal in La
3/10/04
We've got a number of recent Orange County retail leases to report. Unfortunately with retail, as many of you know, they don't like to put any hint of deal values in their news releases, emails or phone calls, so this article...
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• Financing Notes
3/09/04
Westrust, the Calabasas-based retail development firm, locked in financing of $10.76 mil for the acquisition of a 6.8-acre site and the development of a 66.5k sf retail center that will be part of The Hawthorne Exchange, a 1....
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• Own Your Own Town Square for Just $22 Mil
3/08/04
Here's an update on a pair of SoCal retail listings, courtesy of Marcus & Millichap. One of the properties is the five-property Los Alamitos Town Square portfolio, which is being offered at a total price of $22 mil. Located a...
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• Possible $270 Mil Retail Sale is Just a Stonestown Away
3/05/04
Here's the scoop on a major NoCal shopping center that's recently been put on the block, as Heitman Financial is looking to sell the 860k sf Stonestown Galleria in San Francisco. Per the San Francisco Business times, Heitman ...
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• Faris Lee OC Retail Trifecta
3/04/04
In Orange, the 37k sf strip retail center at 1997 E. Grove Ave traded for $5.4 mil, or roughly $145/sf. Dubbed Shaffer Park Plaza, it was sold by a private individual investor known as Perlmutter to Chiavatti Trust as part of...
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• Retail Notes
3/03/04
REDDING (Riverside County) – Pan Pacific Retail Properties collected $7.3 mil from the sale of Westwood Village Shopping Center, a 102.4k sf ($71/sf) complex in Vista. Tenants include Holiday Market, Rite Aid Drugs, Round Tab...
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• Covina Marketplace Sells for $13.5 Mil
3/02/04
An investment entity paid $13.45 mil for Covina Marketplace, a six-building, 105.3k sf ($128/sf) retail center located a 942-960 West Arrow and 1415-1453 North Azusa Ave in Covina. Originally built in 1988 this retail center ...
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• A New Century Dawns on San Bruno
3/01/04
Century Theatres, the San Rafael-based motion picture exhibitor, has added another Peninsula location with a new state-of-the art theater located at The Shops at Tanforan, five minutes from the San Francisco Airport on El Cam...
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• CIM Group Stars in Blockbuster $201 Mil Buy of Hollywood & Highland
3/01/04
Shutting the door on Trizec Properties' less than profitable history with the Hollywood & Highland retail/entertainment center, the 640k sf development that Trizec built two years ago was acquired by a CIM Group entity, calle...
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• February 27, 2004 - $12.6 Mil Sale Wraps Up 10th Deal for Faris Lee at New Birch Street Promenade
2/27/04
A private investor paid $12.6 mil for The Village at Birch Street Promenade, a 55k sf ($229/sf) mixed-use development in the city of Brea that consists of 30 apartment units over 17 ground-floor retail stores at 110, 260 and ...
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• Gardena Retail Center gets a Rich Owner
2/26/04
Rich Development Company has purchased the 143.9k sf Pacific Square located at 1600 W. Redondo Beach Blvd, between Western and Normandie Aves in Gardena, for over $11 mil. The purchase included the 90k sf supermarket-anchored...
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• DDR and Coventry Unload another Portion of Former Burnham Pacific Portfolio
2/24/04
A partnership made up of Developers Diversified Realty (DDR) and Coventry Real Estate Partners sold a 300k sf chunk of the Plaza at Puente Hills, a 518k sf regional center in the City of Industry. The unnamed buyer paid $33 m...
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• Retail Briefs
2/20/04
EL CAJON (San Diego County) – A partnership made up of Harvest Partners LLC, Harvest Plaza LLC and DGW Harvest LLC, run by Pacific Development Partners out of Beverly Hills, paid $5.12 mil for a 36.7k sf ($139.50/sf) retail c...
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• Wal-Mart to Raid Oakland in a Move to Metroport
2/19/04
It looks like Wal-Mart, which finds itself running into more and more opposition to its expansion plans of late, will be able to move forward with a new store in Oakland. The company's recent plans in many parts of the countr...
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• Buyer Rolls Up Bamboo Plaza with $8.5 Mil
2/18/04
Bamboo Plaza, a four-story, 62.1k sf retail center in LA's Chinatown traded hands for $8.5 mil ($137/sf). The property, located at 988 N. Hill St, south of Dodger Stadium, is anchored by Empress Pavilion Restaurant, a popular...
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