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May 22, 2024
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RETAIL NEWS
Archive
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• Pan Pacific Purchases Pavilions Place
1/16/03
Pan Pacific Properties, the largest neighborhood shopping center REIT on the West Coast, added another SoCal center to its portfolio, having closed on a $40.2 mil buy of Pavilions Place, a supermarket-anchored community cente...
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• Retail Briefs
1/09/03
DANA POINT (Orange County) Aussie Pet Mobile, a pet grooming franchise, paid $2.2 mil for a 6k sf ($367/sf) retail property at 34189 Pacific Coast Highway, at the southwestern corner of Dana Point. The buyer plans on using ...
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• Rainbow of New Tenants at Sunbow
1/08/03
Let's get the year started with a collection of smaller retail lease comps from Chula Vista, as The Plaza at Sunbow has recently inked deals with three new tenants, along with an agreement for a cell site. The center is locat...
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• DDR Spearheads $114 Mil Buy of Paseo Colorado
1/07/03
Following up on a brewing deal that we reported last September, it looks like Trizec Properties has finalized the sale of Paseo Colorado, the 410k sf retail portion of the open-air mixed-use development along Pasadena's busy ...
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• The Irvine Company Bluffs Its Way into Newport Beach
1/06/03
Two big names in SoCal real estate Lewis Retail Centers and The Irvine Company are moving forward with exciting new retail projects in the southern part of the state. Lewis, a division of giant homebuilder Lewis Homes, ho...
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• Dan Donahue Passes Away
1/03/03
Daniel W. Donahue, Chairman of Donahue Schriber and one of the industry's most respected leaders, passed away unexpectedly on December 31, reportedly due to complications from recent heart surgery. He was 60 years old. Donahu...
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• Seal Beach Neighborhood Center Sells for $38.5 Mil
1/03/03
We're going get you caught up on a couple of large retail sales from the last few weeks, one in Northern California and the other in Southern Cal. The NoCal deal was in El Dorado Hills, a smaller city off Route 50, about half...
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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...
Price: $3.99
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