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September 29, 2023
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RETAIL NEWS
Archive
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• ORIX Decides Howard Hughes "Lifestyle" not for Them
9/25/02
ORIX Real Estate Equities and development partner J.H. Snyder are said to be preparing to market their Promenade at Howard Hughes Center, a 250k sf lifestyle retail center completed about a year ago. The center is part of the...
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• 2 B or Not 2 B Decides to Be in Westwood
9/24/02
Here's a trio of recent Westside retail transactions, courtesy of Beitler Commercial Realty Services' Suzanne Laff, who was involved in all three deals. The first transaction was the sale of a vacant 11.4k sf building at 1093...
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• Spa Cools Down after $17 Mil Sale of Mira Mesa Center
9/23/02
Another San Diego retail center traded hands, as Carlsbad-based GMS Realty LLC paid $17 mil for Mesa Shopping Center, a 145k sf ($117/sf) retail property at 8915 9305 Mira Mesa Blvd, between Camino Ruiz and Black Mountain R...
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• Here are Four New SoCal Retail Investment Opportunities
9/20/02
For those of you keeping an eye out for new SoCal retail investment opportunities, the Marcus & Millichap team of Christopher Maling and David Maling just updated us on four recent listings. The first property is a Bellflower...
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• La Mesa Buyers Come to a Crossroads
9/18/02
In a La Mesa retail buy, an investment group paid $14 mil for La Mesa Crossroads shopping center, a 172.5k sf center at 7900-7968 El Cajon Blvd, south of I-8 by Baltimore Dr. Burlington Coat Factory, El Torito restaurant and ...
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• Dress for Less and Rack Up the Savings at CityPlace
9/16/02
Nordstrom Rack and Ross Dress For Less were the first of many retailers to open at CityPlace, the exciting mixed-use development from Developers Diversified Realty (DDR) that is transforming part of downtown Long Beach into a...
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• Prospects Look Good for La Jolla Retail Center
9/13/02
A Los Angeles-based investment group paid $10.3 mil for Prospect Square, a 33k sf ($312/sf) retail/office property at 1025 Prospect St, by Ocean Lane in La Jolla. Currently 95% leased, tenants include Wyland Galleries, Wentwo...
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• SoCal Retail Briefs
9/11/02
LONG BEACH (Los Angeles County) Ernst Investment California LLC sold a 1.9k sf net leased investment property, occupied by a Taco Bell franchisee. The free-standing building is at 5385 Atlantic Ave, between Del Amo Blvd and...
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• Northridge Marketplace to Become a Promenade
9/10/02
Northridge Marketplace, a 120k sf retail center at 19510-30 Nordhoff St has traded hands at a price of $8 mil ($67/sf). The buyer, an entity called Northridge Promenade LLC, has renamed the property Northridge Promenade and p...
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• Pasadena's Paseo soon-to-be Past History for Trizec
9/09/02
Trizec Properties has made it known for some time now that they're looking to unload their portfolio of retail properties and now they may be close to cashing out on one such property, the 410k sf Paseo Colorado, completed ab...
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• September 6, 2002- $600 Mil Mixed-Use Project No GardenWalk in the Park for Price Legacy
9/06/02
Excel Pointe Anaheim LLC, a division of San Diego-based Price Legacy, has begun construction on GardenWalk, a $600 mil mixed-use development at Harbor Blvd and Disney Way in Anaheim. Situated on about 29 acres, the project is...
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• Investors Pay $3.85 Mil for El Cajon Hacienda
9/05/02
Investors continue to shop for retail properties in San Diego County, and we've got a couple of recent deals to share with you as examples. The first transaction is in San Marcos, as Norman and Doreen Kingston paid $4.6 mil f...
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• Madison Marquette Looking to Reel in $70 Mil from Sale of Westwood Site
9/04/02
It looks like Madison Marquette is close to selling the former Bullocks/Macy site in Westwood, now known as Westwood Marketplace. According to a recent piece in the LABJ, an unidentified buyer is set to finalize a deal for t...
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• Retail Briefs: 808 Leases 3.5 in a Deal Worth 1.2
9/03/02
SAN DIEGO (San Diego County) 808 Restaurant, which specializes in Hawaiian cuisine, inked a 10-year, $1.2 mil lease for 3.5k sf ($2.86/sf/mo) of retail space in the Aventine Restaurant Row. The building is located at 8980 U...
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• Westlake Group Makes a Pointe with $50 Mil San Mateo Buy
9/03/02
Westlake Bridgepointe LLC, an affiliate of San Mateo-based Westlake Group, purchased the majority of Bridgepointe Shopping Center, a 550k sf retail center in San Mateo. Built in 1997 on the site once occupied by Fashion Islan...
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• CT Makes Big Investment in El Centro
8/29/02
CT Realty Corp has acquired the 25-acre Valley Plaza Town Center in El Centro, CA for $9.3 mil from Alcott Estates LP, based in El Centro. CT Realty intends to invest $4 mil to redevelop the site into a vibrant, new town cent...
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• Weingarten Makes $36 Mil Buy in the Inland Empire
8/29/02
There was a major shopping center sale in Chino Hills, as Weingarten Realty Investors, the Houston, TX-based REIT, purchased Chino Hills Marketplace, a 319.6k sf retail property located at 4200 Chino Hills Pkwy. The property ...
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• Lemon Grove Fetches $2.87 Mil
8/26/02
A partnership made up of a California limited liability company and a trustee of a family trust paid $2.875 mil for Lemon Grove Gateway Shopping Center, a 28.3k sf ($102/sf) retail center at 6902-6988 Federal Blvd. the proper...
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• Great Mall of The Bay Area to Offer a Putting Zoo
8/22/02
The Great Mall of the Bay Area just inked a lease with what they hope turns out to be a great tenant, that being The Putting Edge, a Canadian-based glow-in-the dark miniature golf retailer. The firm agreed to a lease for 8.9k...
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• Divco West and SunAmerica Decide to Can Del Monte Center in Monterey
8/20/02
We've cherry-picked a couple of interesting California centers on the block from a recent edition of Real Estate Alert. One of the properties is Del Monte Center, a 628k sf open-air mall in Monterey. Owned by a partnership ma...
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