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• California Retail Notes
11/21/03
CHULA VISTA (San Diego County): Sudberry Properties has completed construction of Eastlake Village Marketplace, a 410k sf shopping center at the corner of Otay Lakes Rd and EastLake Pkwy in Chula Vista. Although the grand ope...
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• Downtown San Diego Retail Market Surpasses 3 msf of Space
11/20/03
A new downtown San Diego retail report by Burnham Real Estate shows that the market has grown to include over 3 msf of retail space – a number that will continue to increase over the next several years as blocks of new reside...
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• Central Orange County Retail Sales Whoppers
11/19/03
In Anaheim, Stone Creek Retail Investments LLC, sold the 16.7k sf shopping center on 1.71 acres at 1159-1189 North Euclid Avenue for $2.85 mil, or roughly $171/sf.
Stone Creek Plaza has only nine tenants with flexible unit s...
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• Red Mountain Buys CopperWood in Citrus Heights
11/18/03
Santa Ana-based Red Mountain Retail Group Inc purchased Copperwood Square
Shopping Center, a 139k sf shopping center in the Citrus Heights area of Sacramento. It is the SoCal-based investment group's first purchase in the Sac...
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• J.H. Snyder Offering His Assets for Sale in West Hollywood
11/17/03
A pair of very notable LA-area retail centers, one of which is still under construction, has been put on the market, with Secured Capital having been awarded both listing assignments. In Manhattan Beach, Madison Marquette is ...
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• Big 5 and Big Lots Adds up to Big Sale in Vista
11/13/03
Here are a couple of recent SoCal retail investments. In one, a California limited liability company acquired a free-standing 52k sf Vista retail building that is fully occupied by a pair of national tenants, Big Lots and Big...
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• Retail Briefs
11/11/03
SAN DIEGO (San Diego County) – 7-Eleven inked a 10-year, $627k lease for 1.8k sf ($2.90/sf/mo) of space at Camden Tuscany retail center, located at the corner of Kettner and Cedar Streets in the city's Little Italy area. Bill...
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• Faris Lee Closes Over $20 Mil in SoCal Sales
11/10/03
Irvine-based Faris Lee Investments continues to rack up the retail investment deals, as evidenced by this latest group of four recent SoCal transactions. The first deal we'll mention is the $14.7 mil sale of a 58k sf ($253/sf...
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• November 7, 2003- Sylmar Firm Loves It at Levitz
11/07/03
Here's an update on a story we reported about three weeks ago, that being the court ordered auction of a pair of Las Vegas retail properties called Levitz Plaza I and II, which contain a total of 144.4k sf of space. The prope...
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• Major Retail Owners Plan Major SoCal Mall Renovations
11/06/03
Westfield America, the national shopping center REIT, has announced that they're going to spend $85 mil on a major renovation of their Shoppingtown Century City complex, the successful 30-year-old outdoor mall located at the ...
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• Retail Leasing Notes
11/05/03
SAN DIEGO (San Diego County) – LG's Prime Steakhouse Inc signed a 10-year, $2.6 mil lease for 7.2k sf ($3/sf/mo) of retail space at The Lofts at 789 6th Ave. The development is still under construction at the corner of 6th Av...
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• Watt Teams with Centro to Grab M&H Portfolio
11/04/03
Last week Watt Commercial Properties, based in Santa Monica, announced that it teamed with Australia-based Centro Properties Group to acquire 14 California shopping centers, totaling more than 3.1 msf and valued at $488 mil (...
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• Kensington RE Group Acquires another Santa Clarita Center
10/31/03
Kensington Canyon Two LP, an affiliate of Tustin-based Kensington Real Estate Group, purchased Canyon Country Plaza, a 51.9k sf neighborhood shopping center at 57532-27596 Sierra Hwy in Santa Clarita. The shopping center, whi...
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• You Can't Chop Down an Oaktree, but You Can Buy One for $14 Mil
10/30/03
An LA-based group of private investors acquired Norwalk Town Square, a 235.2k sf retail center in Norwalk, as part of a 1031 exchange transaction. The buyer, Norwalk LLC, paid $29.5 mil ($125/sf) for the property and assumed ...
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• October 29, 2003 - Getting the Kohl's Shoulder
10/29/03
After more than a year of speculation, East Bay retail brokers say Kohl's Corp is ready to launch a major expansion into the area. It may not be as large as anticipated, however, due to the high cost of land.
The Menomonee ...
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• Diamonds are a Landlord's Best Friend
10/28/03
Everybody knows we're in the middle of an economic slump, but try telling that to Las Vegas jeweler Adi Simayof. According to the San Francisco Business Times, the proprietor of Simayof Diamond Cutters and Jewelers has signed...
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• Breaking Up is not so Hard to Do
10/27/03
The owner of Rancho Town Center in Rancho Cucamonga won't be blue, because they found out that breaking up is not so hard to do, at least not when it comes to recent retail investments. Two separate parcels at Town Center Squ...
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• Taubman Starts Tab With Michigan Lawmakers
10/24/03
Certainly the biggest retail news story of the month, perhaps the year, was the saga that was the Simon/Westfield takeover attempt of Taubman Centers. It was announced earlier this month that Simon Property Group, based in In...
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• Construction Finished at Phase One of High-End Palm Desert Center
10/22/03
Phase One of El Paseo Square, a specialty, high-end retail center located at the northwest corner of El Paseo and San Pablo Ave in Palm Desert, has been completed. Owned by El Paseo LLC with Palm Desert-based Klaff Realty LP ...
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• Statewide Retail Notes
10/20/03
OCEANSIDE (San Diego County) – Yacoel Properties LLC and Maria Yacoel paid $8.25 mil for Phase I of Mission Douglas Plaza, an 88k sf ($94/sf) shopping center located at 3906-3935 Mission Ave. The project is anchored by Albert...
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