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• Desert Passage Reaches New Destination
10/17/03
Desert Passage, the 475k sf enclosed shopping center developed about three years ago by TrizecHahn as part of the Aladdin Casino, is about to be sold. According to reports from various sources, the enclosed complex, which has...
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• Big Lots Makes Big Noise in El Centro
10/16/03
In this report, we'll catch up on some recent retail leasing activity throughout San Diego County along with a deal in Imperial County. We'll kick off in Kearny Mesa, where Manulife Financial signed a five-year, $1.75 mil lea...
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• Vegas Retail Properties Hit the Auction Market
10/15/03
A pair of Las Vegas retail properties is about to be sold through a court ordered auction, authorized by The United States Bankruptcy Court for the District of Nevada. The properties, Levitz Plaza I and II, will have a minimu...
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• San Diego Retail Investor Nabs Pearl of a Building
10/13/03
Here are a couple of recent sales of retail, really mixed-use, properties in San Diego County. We'll start in lovely La Jolla, where Starward Ventures paid $7.55 mil for a 32k sf apartment/retail complex at 712 Pearl Street c...
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• Retail Notes
10/10/03
SAN DIEGO (San Diego County) – Pacific Coast Precision inked a five-year, $628.8k lease for 5.2k sf ($2/sf/mo) of automotive-related space at 3425 Midway Dr. The space will be occupied by Precision Tune, a 340-unit full-servi...
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• October 9, 2003 - Half Off Sale in Milpitas
10/09/03
Barely two months after its purchase of the Great Mall of the Bay Area, Mills Corp is selling a 50 percent stake to German investment advisor Kan Am Grund Kapitalanlagegesellschaft for $136.4 mil. Mills bought the 1.3 msf Mil...
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• Simi Valley's Growing Up
10/08/03
What's a SoCal town these days without a retail project which calls itself the Town Center? Whatever it is Simi Valley won't be one of them for long, since the City Council last Monday approved the long awaited $300 Simi Vall...
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• There's A Market For The Glendale Marketplace
10/06/03
Regent Properties and Tolkin Group, the original developers and owners of the Glendale Marketplace, have sold the 160k sf pedestrian-oriented urban entertainment center to local investor WH Glendale Marketplace, LLC for a pri...
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• October 3, 2003 - Bayfair and Sunny
10/03/03
Bayfair Mall, a struggling shopping center adjacent to the Bay Fair BART station in San Leandro, sold to a Washington DC-based developer for $37 mil. The new owner, Madison Marquette, opened a new Main Street-style retail cen...
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• Combined Properties Finds Their HomeBase in Foothill Ranch
10/02/03
Combined Properties just closed on an Orange County retail buy, picking up a 104k sf former Homebase/House-2-Home building on an 11.2-acre site at the edge of Foothill Ranch. The property is located at the corner of Alton Pkw...
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• Statewide Retail Notes
9/30/03
TORRANCE (Los Angeles County) – Easy Life Furniture, the La Mirada-based home furniture retailer and the preferred dealer of Broyhill Gallery Furniture, inked a deal for a 40k sf store at 4310 Artesia Blvd, across from the Ga...
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• Lancaster Center Sells for $8.86 Mil
9/29/03
Somerset Village, a 76.1k sf Lancaster retail center, was sold for $8.86 mil ($116/sf). The neighborhood shopping center is located at 1915-1987 Avenue L, on the northeast corner of L and West 20th St, about one mile from the...
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• Shidler Collects $6.8 Mil from Sale of Retail Center
9/26/03
The Shidler Group has sold the Serra Mesa Shopping Center, a 56k sf shopping center on 4.8 acres at 3202-3340 Greyling Dr and 3352 Sandrock Rd in the Serra Mesa area of San Diego. The buyer, Rancho Serra Mesa LLC, paid $6.775...
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• September 25, 2003 - Oye Como Va
9/25/03
Nine more tenants have signed for space at Santana Row, a new development in San Jose that combines retail, entertainment, office, hotel and residential uses at a 43-acre site. In the largest deal, San Francisco-based Club On...
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• Victoria No Longer a Secret in Rancho Cucamonga
9/23/03
A major new Inland Empire retail center is under construction, as Forest City Enterprises has broken ground on the Victoria Gardens regional mall, a 1.3 msf open-air lifestyle and entertainment center being developed at the I...
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• September 22, 2003 - Jewel of a Deal
9/22/03
The San Francisco-based Emerald Fund sold the retail portion of Oceanview Village in Daly City for $500k above its list price. San Mateo real estate investor Tom Culligan paid $29 mil for the center. The full 7.5-acre project...
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• September 19, 2003 - New Northridge Quake
9/19/03
Northridge Mall, a 973k sf regional shopping center in Salinas, has been purchased by the Macerich Co of Santa Monica for about $128.5 mil in cash. The REIT used available cash and borrowings on its line of credit to fund the...
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• San Diego Retail Leasing Climate gets Chili
9/18/03
Here are a trio of recent San Diego retail leases from a pair of national credit retailers, Chili's and Puma, along with a deal from a local restaurant. In San Diego's Gaslamp Quarter, Puma North America inked a 10-year, $1.8...
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• Buyer Plucks Investment Fruit from Grove Plaza
9/17/03
The in-line shops portion, containing 38.3k sf, of the Grove Plaza Shopping Center was purchased by Grove Plaza Ontario LLC for $7.85 mil ($205/sf). Grove Plaza Shopping Center is a five building, 122.6k sf grocery and drug a...
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• Community College Students to Relax in The Living Room
9/16/03
Here's a trio of retail leases signed in San Diego County over the past month. In Poway, about a month ago, Alba Action Sports leased 27k sf of retail space at 12160 Community Rd from Michael Foster, who did the deal sans bro...
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