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JP Morgan Acquires 50% Interest in Del Amo Fashion Center 12/20/04 Here's an update on a major SoCal retail transaction that we first reported as in the works back in April, that being The Mills Corporation's sale of a 50% joint-venture interest in the Del Amo Fashion Center to JP Morgan Fle...
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Hanley Brown Closes $65 Mil of Retail Sales 12/16/04 Hanley Brown Group, an Irvine-based retail investment firm, recently brokered nine retail transactions with a total value of approximately $65 mil. All of the properties involved, some of which are stabilized properties while...
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Financing Notes 12/15/04 The Portland office of Holliday Fenoglio Fowler LP arranged $36 mil in acquisition financing for Westgate Village Center, a 576.7k sf, retail-oriented, mixed-use property in the Northern California city of San Leandro. The co...
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Local Buyer Acquires Landmark Center in Berkeley 12/14/04 A locally based family trust acquired the landmark Berkeley Center shopping center in Berkeley, at a price of $17.2 mil, with a 7.83% market capitalization rate. The 92.5k sf ($186/sf) retail, theater and office complex encom...
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SoCal Retail Briefs 12/10/04 DOWNTOWN SAN DIEGO (San Diego County) – Hilo Hattie is coming to San Diego's Gaslamp Quarter, as the retailer inked a 10-year, $2.64 mil lease for 5.3k sf ($4.15/sf/mo) of store space at the northeast corner of Fifth and K St...
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Hollywood May See a New $300 Mil Nederlander Production 12/09/04 An underutilized stretch of land adjacent to the Pantages Theater in Hollywood may get the green light for a major $300 mil mixed development before too long. A recent article in the LA Business Journal says the Nederlander P...
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Retail Briefs 12/08/04 PALM SPRINGS (Riverside County) – a San Jose private investor paid $1.75 mil for El Patio Court, an 8k sf ($219/sf) multi-tenant retail/restaurant center at 382 – 398 N. Palm Canyon Dr. Originally built in 1940, the building...
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Investor Picks Up 79k sf Retail Property in Hawaiian Gardens 12/07/04 Hawaiian Gardens Town Center, a 78.8k sf shopping center at 12090-12144 Carson St, on the southwest corner of Carson St and Norwalk Blvd in the City of Hawaiian Gardens, traded hands at a price of $13.5 mil ($171/sf). The pro...
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Hanley Brown Teams Up with Coldwell Banker Commercial® REP 12/06/04 The Hanley Brown Group Real Estate Advisors, a SoCal-based retail investment group that specializes in the sale of $1 to $15 mil shopping centers, has joined up with Irvine-based Coldwell Banker Commercial® REP as the Coldwel...
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Pacific Coast Capital Partners Invests $31 Mil On Broadway 12/02/04 Pacific Coast Capital Partners LLC (PCCP) has committed $31 mil in construction financing to a partnership of Blake Hunt Ventures and The Innisfree Companies, both NoCal-based private real estate development and services comp...
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November 30, 2004 - Statewide Retail Notes 11/30/04 LOS ANGELES: Brokers at Lee & Associates-LA North/Ventura Inc report that they closed an approximate $5 mil sales transaction for a 12.8k sf ($391/sf) retail property located at 6885 and 6901 La Tijera Blvd in LA. Ron Feder,...
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SoCal Retail Briefs 11/29/04 KEARNY MESA (San Diego County) – A Mission Viejo buyer paid $6.3 mil for a 27k sf ($233/sf) strip center at 4676-4722 Clairemont Mesa Blvd, west of I-805. The property, which was originally built in 1960 and renovated in 1997...
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Retail Investor Takes a Shot at San Jose Market with Winchester 11/23/04 Winchester Pavilion, a 17.5k sf retail center at 700-750 Winchester Blvd in San Jose, sold for $6.25 mil ($357/sf). The property is located south of I-280 and west of the 17 Freeway, a short distance west of San Jose City Col...
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Downtown LA Adaptive Reuse Development Listed for $51 Mil 11/23/04 A SoCal-based investment group has listed Santee Court, a mixed-use development at the corner of 7th and S. Los Angeles Streets in downtown Los Angeles. This adaptive re-use project consists of three buildings that were conve...
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Neighborhood Retail Center Opens Its Doors in Alhambra 11/22/04 The Shops at The Alhambra, a $10 mil, 2.2-acre neighborhood retail center in Alhambra, opened its doors a few days ago. Located on Fremont Ave immediately north of Mission Ave, the development is adjacent to The Alhambra off...
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Pacific Castle Adds to Its Kingdom 11/19/04 SoCal-based Pacific Castle has acquired Hacienda Center, a 122.4k sf shopping center in Hacienda Heights, from Bixby Land Company for about $40 mil ($327/sf). Situated adjacent to the Puente Hills Mall at the cross streets o...
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National Furniture Retailer to Develop Superstore at The Ontario Center 11/17/04 Mathis Brothers Furniture is purchasing a 14.62-acre site in The Ontario Center from the City of Ontario, on which the company plans to develop a 370k sf retail superstore. The site is located on the corner of Inland Blvd and...
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Retail Buyer gets a Square Deal 11/16/04 Main Street Square, an 8.6k sf retail building in downtown Seal Beach that was recently renovated, traded hands at a price of $3.9 mil ($453/sf). The property, which was sold by an affiliate of Ramsey Real Estate Group, is lo...
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SCI Acquires Rancho Cucamonga Center 11/11/04 SCI Real Estate Investments, an LA-based tenant-in-common investor, purchased Country Village, an 88.8k sf retail center in Rancho Cucamonga. SCI acquired the center with eight other tenant-in-common investors, who are comple...
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Retail Briefs 11/10/04 CORONA DEL MAR (Orange County) – Jacks Surf & Sport inked a 10-year, $4.155 mil lease for 10.9k sf ($3.18/sf/mo) of space at Corona del Mar Plaza. The center is at 900 Avocado, at Pacific Coast Hwy and MacArthur Blvd, and off...
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