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February 21, 2024
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RETAIL NEWS
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• Retail Briefs
11/15/02
HOLLYWOOD (Los Angeles County) Hollywest Promenade, the first supermarket-anchored neighborhood shopping center to be developed in Hollywood in more than 20 years, celebrated its grand opening last week, with the help of a ...
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• Fleming Opens a Restaurant in Downtown San Diego
11/14/02
We hope you've got an appetite for some retail comps, as we have a couple of recent restaurant leases from San Diego County to report. The first deal is in downtown San Diego's Marina District, as Fleming's Prime Steakhouse &...
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• CityPlace a Fun Place at Recent Grand Opening
11/13/02
Well, it's official CityPlace, Developers Diversified Realty's (DDR) big new mixed-use development in downtown Long Beach has opened its doors. Following up on a story we reported a couple of weeks ago in which we updated y...
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• Investors Pay $3.6 Mil for Fallbrook Towne Centre North
11/12/02
A Northern California investment group purchased Fallbrook Towne Centre North, a 21.3k sf shopping center situated adjacent to Fallbrook Town Centre in Fallbrook. The property is at 1075-1079 South Mission Rd, north of Ammuni...
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• Pan Pacific to Acquire Center Trust
11/11/02
Here's a quick synopsis of a major retail REIT consolidation that was announced last week, as San Diego-based Pan Pacific Retail Properties agreed to acquire Center Trust for $219 mil in stock plus the assumption of debt. We ...
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• Retail Briefs: Westwood Seller Gets $2 Mil from Only a Flesh Wound
11/08/02
SAN DIEGO (San Diego County) Albertson's has inked a $5 mil, 25-year ground lease for a 14.7k sf ($1.13/sf/mo) Sav-On Drug store at the Serra Mesa Shopping Center. The property is located at 3332 Greyling Dr, east of Murray...
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• November 7, 2002 - Financing Notes: Sonnenblick-Eichner Company Sinks $41 Mil in The River
11/07/02
Things should flow more smoothly at The River, J. H. Snyder's recently completed 240k sf Rancho Mirage retail/entertainment complex, thanks to permanent financing of $41 mil, arranged by Sonnenblick-Eichner Company, a Los Ang...
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• Investors Bluff Their Way into Carlsbad Retail Center
11/06/02
A California limited liability company picked up a Carlsbad retail property, paying $11.2 mil for Westbluff Plaza, a 56.5k sf ($198/sf) shopping center. The property sits on a 4.5-acre site at 6986-6996 El Camino Real, on the...
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• November 5, 2002 - There's more of a Marketplace for Desirable Glendale Retail Centers
11/05/02
Major retail properties in Glendale seem to be in demand right now. Just a few days after we reported that General Growth Properties has agreed to purchase the 1.5 msf Glendale Galleria for near $415 mil, another sizable reta...
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• Long Beach to Become More of a CityPlace
11/01/02
Developers Diversified Realty Corp (DDR), the NYSE-traded retail owner/developer is currently underway with two exciting new Long Beach retail developments, which are expected to dramatically boost the entertainment and shopp...
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• General Growth Gets Glendale Galleria
10/31/02
Following up on a huge retail sale that we first alluded to back in July, it looks like Chicago-based General Growth Properties is the buyer of the Glendale Galleria, the very successful 1.5 msf Glendale shopping center. Acco...
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• Warner Marketplace Hits the Marketplace
10/30/02
It looks like J.H. Snyder is intent on unloading another of their primo retail centers, as the big SoCal developer has enlisted the services of Sperry Van Ness to find a buyer for Warner Marketplace, a 159k sf high-profile ce...
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• La Jolla Galleria Fetches $10.5 Mil
10/28/02
A partnership made up of The Shidler Group and Angelo Gordon, a NY-based investment company, picked up a 54.3k sf office/retail project in La Jolla for $10.5 mil ($193/sf). Known as La Jolla Galleria, the 19-year-old complex ...
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• Retail Briefs: San Diego Building Sells at Sonic Speed
10/27/02
PACIFIC BEACH (San Diego County) A California limited liability company called Sonic Investments paid $2.8 mil for a 12.4k sf ($226/sf) single-story retail building at 909 Grand Ave, between Mission Blvd and Cass St. The 14...
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• Pair of OC Retail Sales Ring Up $50 Mil
10/25/02
Sales of two high-profile Orange County retail centers just closed, for a combined price of roughly $50 mil. In one of the deals, LA-based Doerken Properties sold Mission Foothill Marketplace, a 110.7k sf center at 28721-2885...
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• Kimco Buys into Westlake Shopping Center
10/24/02
Kimco Realty Corporation, the NYSE-traded retail REIT, has entered into a partnership agreement with Westlake Development Company to own and redevelop Westlake Shopping Center, a 562k sf retail complex located between John Da...
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• Wireless Service Provider Sprints into Nine New SoCal Locations
10/23/02
Sprint PCS, the wireless telephone and information service provider, continued its aggressive expansion in Southern California by inking deals for nine new retail outlets in the region, in leases worth a combined value of ove...
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• Retail Sales Briefs
10/21/02
CANOGA PARK (Los Angeles County) Private investors paid $1.14 mil for a 10k sf ($114/sf) retail center at 22201-15 Sherman Way, west of Topanga Canyon Blvd. Anchored by a 7-11 store, the property is 90% occupied. Richard Le...
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• Lennar and Hopkins to Redevelop Whittier Mall
10/18/02
Lennar Partners and Hopkins Real Estate Group (HREG) have teamed up to redevelop Whittwood Mall, a 900k sf shopping center at the intersection of Whittier Blvd and Santa Gertrudes Ave in Whittier, after purchasing the propert...
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• Costa Mesa Landlord to Get Smart with Petsmart
10/16/02
Petsmart, the inter-galactic pet products retail chain, has inked a deal for a new store in the Orange County town of Costa Mesa, signing a lease for a 19.7k sf space at 630 W. 17th St, between Harbor Blvd and Placentia Ave. ...
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