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February 25, 2024
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RETAIL NEWS
Archive
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• Investors Make $3 Mil Import Buy in La Canada
12/30/02
A fully leased single-tenant retail building in La Canada has changed hands, as a pair of private investors paid in excess of $3 mil for a 10k sf ($300/sf) property at 2200 Foothill Blvd. The building, occupied by Pier 1 Impo...
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• NewMark Does a Little Last Minute Holiday Shopping
12/26/02
NewMark Merrill Companies, the Tarzana-based retail development and management company, gave itself a nice gift for the holidays a 137k sf building in Norwalk for which they already had a national credit tenant in hand, tha...
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• Home Depot Finds a Home Base in Kearny Mesa
12/20/02
The holiday shopping season may be wrapping up but we've got some more San Diego retail deals to brief you on, starting with a big Kearny Mesa transaction, as one giant hardware chain took over the former site of a major comp...
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• Sweet Deal for Sweetwater Plaza
12/19/02
Here's a quick comp on a notable San Diego County retail buy, as an 89.2k sf center at 141-215 South El Camino Real, about a block south of Encinitas Blvd in Encinitas, was purchased by an investment entity for $14.65 mil ($1...
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• LA Investor Pays $11 Mil for Shangri-La
12/18/02
The Center at Shangri-La shopping center, a newly constructed 54k sf retail property in Santa Clarita, sold for $11.35 mil ($212/sf) with a 9.1 percent market capitalization rate. Located at 18635 Soledad Canyon, between Sier...
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• Downtown Fullerton Rediscovers Its Youth
12/17/02
There's a retail renaissance happening in downtown Fullerton. In particular, city officials are excited about the just-announced renovation of Fullerton Promenade, a 40k sf retail/office property at the corner of Harbor and W...
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• CIP to Transform a Market Place into a Promenade
12/13/02
Here's a newsworthy retail sale from the San Fernando Valley, as Irvine-based CIP Real Estate has acquired the Northridge Market Place, a 92k sf neighborhood shopping center in Northridge, for $8 mil ($87/sf). CIP will spend ...
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• Marcus & Millichap Pros Broker Pair of $11 Mil Retail Center Buys in California
12/12/02
Two major retail centers changed hands recently, each deal in excess of $10 mil and each of the buyers repped by the real estate investment brokerage firm of Marcus and Millichap. The first acquisition took place in Lake Els...
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• Big Retail Sale Leads to More Growth in the East Bay
12/11/02
General Growth Properties, the big Chicago-based shopping center owner/developer, has made their second big California buy in the last few weeks, acquiring Southland Mall, a 1.3 msf retail mall in the East Bay city of Hayward...
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• Bay Area Research Report Finds Retail as Most Stable Segment of Industry
12/10/02
A recent study by Marcus & Millichap Real Estate Investment Brokerage Company finds that retail real estate will continue to be the most stable property type throughout San Francisco, San Jose and Oakland over the next 12 mon...
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• Two Big Retail Listings Get Wald in at BT
12/06/02
BT Commercial Real Estate's Dan Wald has been awarded the exclusive listing assignments for two significant Bay Area retail properties. The first property, Pacific Entertainment Retail Center, is anchored by the Century 20 Da...
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• International Shoppers Buy Entire Building on Rodeo Drive
12/05/02
Grosvenor USA has completed some pricey holiday shopping on Beverly Hills' ritzy Rodeo Drive, having just purchased an 11.5k sf building in the 300-block of this coveted street. The two-story retail building, originally const...
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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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