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Retail Briefs 9/10/04 SAN DIEGO (San Diego County) - L & L Center LLC has sold the ground floor retail space of the Renaissance condominium project for $6.8 mil. The 12.4k sf ($548/sf) property is located at 645 Front St on the block bounded by F...
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September 10, 2004 - Time For Some Green In Brownfields? 9/10/04 For some time now we've been receiving the brief and informative email newsletter called Environmental Enlightenment from Ami Adini, an environmental consultant, although this is the first time we've reprinted an issue for yo...
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Westfield Off to the Races at Santa Anita 9/09/04 Westfield, the international shopping center REIT based out of Australia, will be holding a grand opening of a major expansion at its Shoppingtown Santa Anita center in the San Gabriel Valley. Scheduled to open on October 1, ...
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Private Investor Pays $7 Mil for New Food Court in Warner Center 9/09/04 A private investor paid $7.15 mil for LNR Warner Center Food Court, a new 10.5k sf ($681/sf) retail center located at 5780 Canoga Ave in the Warner Center area of Woodland Hills. Irvine-based developer Lennar Partners, a div...
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More Good News for San Diego's Retail Market 9/08/04 A just released report from Burnham Real Estate Services indicates that San Diego's retail market just keeps getting better. The latest figures show that vacancy is low, rents are rising and building activity is on the upswin...
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Sheldon Gordon Sues Simon Property Group Over Sale of Forum Shops 9/07/04 Giant shopping center REIT Simon Property Group is involved in a battle with another national retail firm, as the company is being sued by developer Sheldon Gordon over its purchase of Gordon's 40% stake in The Forum Shops ma...
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Bedrosian Tile Picks Up Vista Retail Building for $10 Mil 9/07/04 Bedrosian Tile, through a related entity called Bedrosian Vista LLC, has purchased a 105k sf retail building in Vista for $10.2 mil ($97/sf). The building, which is located at 1725 Hacienda Dr, south of the 78 Fwy and east of...
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Buyers Really Like Those Foothill Marketplaces in the Inland Empire 9/01/04 Just one week after we reported the $46 mil sale of the 288k sf Foothill Marketplace in Rancho Cucamonga, we've got word of yet another Foothill Marketplace in the Inland Empire that has changed hands. This one is a more humb...
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Retail Briefs 8/31/04 SORRENTO MESA (San Diego County) – A California limited liability company paid $3.75 mil for Miramar Towers, a 10.1k sf retail center at 6906 Miramar Rd. Built in 2000, the property includes such tenants as: 7-Eleven (10-yea...
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New Murrieta Retail Center is a Village Walk in the Park for Pearlman/Rancon 8/30/04 A partnership made up of Arthur Pearlman Corporation of Santa Monica and Rancon Real Estate in Murrieta is moving forward with a planned 330k sf power center along I-15, north of Temecula. Called Village Walk in Murrieta, the...
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Pan Pacific Acquires 288k sf Rancho Cucamonga Center 8/26/04 Pan Pacific Properties, the NYSE-traded retail REIT, has purchased the 288.3k sf Foothill Marketplace in Rancho Cucamonga from Wattson Breevast for $46 mil ($160/sf). The property is tenanted by a number of national credit re...
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CIM Group Breaks Ground on 390k sf Retail Center in Central LA 8/25/04 Construction is underway at Midtown Plaza, a 390k sf retail center being developed by CIM Group at the corner of San Vicente and Pico Blvds in the heart of Los Angeles. City, community and business leaders joined CIM Group at...
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August 24, 2004- Retail Briefs 8/24/04 SAN CLEMENTE (Orange County) – A private partnership paid $2.17 mil for a 3.3k sf ($657/sf) stand-alone building at 1021 Avenida Pico. The retail building is part of the six-building development known as The Courtyards at Tal...
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General Growth to Experience Rapid Growth in Merger with Rouse 8/23/04 General Growth Properties Inc (GGP), the big Chicago-based retail REIT, has announced an agreement to acquire another large REIT, The Rouse Company, in a deal worth $12.6 bil and which will reportedly make General Growth the ...
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San Gabriel Valley 30-Screen Multi-Plex Sells for $24 Mil 8/23/04 CapTec, a real estate investment firm, has sold the AMC 30-Screen Theatre at Covina Town Square shopping center in the San Gabriel Valley city of Covina for $24.6 mil. Other tenants at this power center include Staples, Outba...
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SoCal Triple-Net Investors Should Find Listings for Pair of Borders Stores Good Re 8/20/04 A pair of Borders Books & Music properties in SoCal has been put on the block with a combined value of $20.75 mil. The single-tenant net-leased assets, located in San Diego and Pasadena, are being listed by the Marcus & Milli...
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Old Navy Sets Sail at The Shops at Tanforan 8/19/04 Old Navy, the popular, budget-minded clothing store chain owned by Gap Inc, has joined the list of tenants opening at The Shops at Tanforan, which will hold its grand re-opening in the fall of 2005, after signing a lease for ...
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Snyder and Lexington Sell Recently Completed West Hollywood Retail Project 8/18/04 Following up on a major transaction we reported in the works back in May, JH Snyder Company and Lexington Commercial Holdings closed the sale of West Hollywood Gateway, the recently completed 251k sf community power center at...
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San Diego Retail Buyers Go Shopping on Madison Ave 8/17/04 Madison Square Shopping Center Inc, a San Diego-based investment group, paid $13.5 mil for Madison Plaza, a 68k sf ($198/sf) neighborhood center located at 520-580 N. 2nd St in El Cajon. The property is at the corner of Madis...
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Retail Briefs 8/16/04 EL CAJON (San Diego County) – A private investor paid $964.5k for a 2.6k sf ($371/sf) 7-Eleven retail building at 711 Jamacha Rd. The buyer, who plans on holding the property as an investment, was represented by Nick Alford o...
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