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Combined Properties is "On the Grow" in SoCal 2/17/04 Combined Properties, the Washington DC-based retail property owner/manager, acquired a 12k sf investment in the heart of the San Fernando Valley. Called the Shops at Sherman Way, the center is at the intersection of Shoup and...
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Birtcher to Develop $70 Mil Furnishings Centre in Costa Mesa 2/13/04 The central Orange County city of Costa Mesa will soon be home to California's largest and most comprehensive home design and furnishing center, as Laguna Niguel-based Birtcher Development has announced plans to develop South...
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NewMark Merrill Acquires Temecula Plaza Center 2/12/04 Tarzana-based NewMark Merrill Companies has acquired Tower Plaza Center, a 134.5k sf retail center located along the 15 Fwy at the Northwest corner of Rancho California Rd and Ynez Rd in Temecula. The center, which is anchor...
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Retail Notes: California Investor Enjoys Serene Investment in Las Vegas 2/11/04 EL CAJON (San Diego County) – A 36.2k sf retail building in Washington Plaza, at the northeast corner of Jamacha Rd and Granite Hills was sold for $5.12 mil ($141/sf). The buyer, Pacific Development Partners, was repped by Bi...
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Walton and Macerich Team up in Purchase of 1 msf Inland Center Mall 2/10/04 One of the largest retail centers in the Inland Empire traded hands, as LaSalle Investment Management, on behalf of Mano Management Company Inc, sold the Inland Center Mall in San Bernardino, in a deal said to be worth in the...
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Cushman & Wakefield Wins Retail Leasing Assignment at Embarcadero Center 2/10/04 Cushman & Wakefield, the international real estate services firm, has been awarded a prestigious retail leasing assignment in San Francisco, having been named leasing agent for the retail portion of the world-renowned Embarca...
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Westrust and Lowe Complete an Exchange of 6.8 Acres in Hawthorne 2/09/04 Westrust, the LA-based retail developer, recently acquired 6.8 acres of land in Hawthorne, on which they plan to build a new 66.5k sf retail center anchored by a 37k sf Magic Johnson 24-Hour Fitness Health Club. The site is ...
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Transcan Acquires 86 Acres for Development of Canyon Crossings 2/09/04 In a major Inland Empire land deal, Transcan-Riverside LLC picked up an 86-acre chunk of dirt in Riverside for $25.2 mil. The site is part of the huge Canyon Springs development, located at the southwest corner of Interstate ...
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81 Acres Sells for Retail in San Diego's North County 2/06/04 Another major shopping center is planned for north San Diego County, as a San Diego-area investment group made a $25.5 mil buy of 81.43 acres ($7.19/sf) in Carlsbad, for the development of a 385.2k sf retail project at the co...
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Opening of Redeveloped San Marcos Retail Center is a World Premier 2/05/04 In San Marcos, World Premier Investments has nearly completed its transformation of Vallecitos Town Center into Nordahl Marketplace. The 1980s-vintage, Costco-anchored center, which originally contained about 315k sf of space...
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Taubman Makes Major Purchase at the Beverly Center 2/04/04 A landmark Westside retail center is under complete ownership by a single entity, as Taubman Centers Inc, the Michigan-based retail REIT, acquired the 30% stake in the Beverly Center that it did not own. Per a news release fr...
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Retail Notes 2/02/04 SAN DIEGO (San Diego County) – American Home Network paid $560k for a 2.94k sf ($190/sf) building at 7323 Jackson Dr in central San Diego. Tony Villasenor of BRE Commercial represented American Home Network, a mortgage banker...
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Lewis Completes 470k sf of Retail Space in the Inland Empire 1/30/04 Lewis Retail Centers completed more than 470k sf of new shopping center space in 2003 in Southern California's Inland Empire. The work was conducted on six different shopping centers, four of which are brand new centers that...
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Duesenberg Chugs into Woodland Hills 1/29/04 Duesenberg Investment recently closed on a substantial retail investment in the west San Fernando Valley, having paid $54.4 mil for Gateway Plaza, a 122k sf center on 7.88 acres at the corner of Topanga Canyon and Ventura Blv...
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Kmart Gets into the Kohl Mining Business 1/29/04 Two major big-box retailers have secured new Bay Area sites. Kohl's Corp acquired four Kmart locations, reportedly agreeing to pay Kmart Holding Corp $100 mil for leaseholds in San Jose, Santa Clara and Colma, while Costco is...
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January 28, 2004 - New Owner Flips for San Francisco Tourist Institution 1/28/04 A San Francisco dining institution and popular tourist destination has been saved from oblivion by a new owner. Sears Fine Food, a Union Square fixture for 65 years famous for its silver dollar-sized Swedish pancakes (their c...
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Investor Closes West Covina Retail Buy 1/27/04 An Orange County private investor paid $9.75 mil for Samantha Courtyard, a two-building, 41k sf ($238/sf) retail center at 450-538 South Glendora, at West Covina Pkwy in West Covina. Located minutes from the 10 Fwy and direct...
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Caruso Slips into the Marina 1/26/04 Santa Monica-based Caruso Affiliated Holdings has purchased Marina Waterside, a 10-acre retail center located on Lincoln Blvd between Mindanao Way and Fiji Way in Marina del Rey, from Carlyle Realty Holdings. The sale does n...
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Westcore Goes Shopping in Poway 1/22/04 SoCal-based Westcore Properties wrapped up three San Diego area acquisitions totaling approximately $18.25 mil. The deals include two retail properties: Poway Plaza in Poway for $8.4 mil and an L.A. Fitness located within P...
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San Marcos Neighborhood Center Joins the Country Club Set 1/21/04 A California limited partnership acquired roughly 62.3k sf of office space and 34.4k sf of retail space at La Mesa Village Plaza, a mixed-use development adjacent to the San Diego Trolley station, at Spring St and La Mesa Blv...
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