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• Fountain Valley Center Sells for $30 Mil
8/12/04
A 220k sf Fountain Valley retail center has traded hands at a price of $30.35 mil, or about $138/sf. The property, Fountain Valley Town Center, consists of eight separate single-story buildings at the southwest corner of Broo...
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• IDS Marketing Retail Center in LA's MacArthur Park Area
8/11/04
LA MESA (San Diego County) – Private investors paid $1.03 mil for a two-story, 7k sf ($147/sf) retail building at 4731 Palm Ave. The property was built in 1928 and is fully leased. The buyers, Charles Weinberger, David Bucher...
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• Investor Makes $24 Mil Purchase of Redondo Beach Plaza
8/10/04
Land American Exchange, a private investor, has purchased Redondo Beach Plaza, a 110.1k sf shopping center in Redondo Beach, for $24 mil ($218/sf) as part of a 1031 exchange. Located at the southwest corner of Marine Ave and ...
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• San Francisco Retail Building Sells at Fair Market Price
8/09/04
A San Francisco investment entity acquired a 36k sf Market Street retail property in a $6.4 mil ($178/sf) sale. The two-story, steel-frame/masonry structure is on Market St between Union Square and Civic Center in the heart o...
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• Macerich SoCal Portfolio Gets Richer
8/05/04
Macerich Company, the Santa Monica-based retail REIT, just acquired another center in Southern California, having purchased La Cumbre Plaza, a 494k sf open-air mall in Santa Barbara. The Mediterranean-styled complex is anchor...
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• JPMorgan Acquires 50% Interest in Ontario Mills
8/04/04
JPMorgan Fleming, the global asset management firm, has reached an agreement with Mills Corp and its partner Kan Am to acquire a 50% interest in the Ontario Mills, the 1.5 msf center in the city of Ontario that Mills develope...
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• Retail Briefs
8/02/04
CHINO HILLS (Riverside County) – 24-Hour Fitness inked a 15-year, $12.9 mil lease for a 37k sf ($1.94/sf/mo) gym at Chino Hills Marketplace, located at the northwest corner of Pipeline and Chino Hills Pkwy. Maguire Associates...
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• Retail Notes
7/29/04
SAN JOSE (Santa Clara County) – Doerken Properties paid $27 mil for White Road Plaza, a 153.8k sf ($176/sf) center that consists of two major structures, along with a number of smaller buildings and pads, all on 14 acres in E...
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• My Kids Clubhouse is in Poway
7/28/04
This report covers three recent retail lease comps from around San Diego County. We'll begin in Chula Vista, where an individual named Tien Nguyen agreed to a 10-year, $1.65 mil lease of 10.1k sf ($1.36/sf/mo) for a furniture...
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• Colliers Seeley Duo Crafts Pair of SoCal Leases for Michael's
7/27/04
Michaels, one of the nation's largest specialty retailer of arts and crafts materials, recently completed leases for a pair of SoCal locations in Aliso Viejo and Victorville. The transactions have a combined value of $8.9 mil...
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• Retail Briefs
7/26/04
ANAHEIM (Orange County) – A San Diego buyer paid $4.6 mil for the Granada Inn & Suites, an 80-room hotel ($57.5k/room) at 2375 West Lincoln Ave. Originally built in 1968, the two-building, 45.4k sf hotel sits on 1.8 acres of ...
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• Snyder to Develop 350k sf Retail Center in Commerce
7/23/04
J.H. Snyder Company, one of SoCal's most prolific real estate developers, has announced plans for a 350k sf urban retail center in Commerce, located at the intersection of Telegraph Rd and Tubeway Ave. Named Commerce Town Cen...
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• Court Gives General Growth a Strong SLAPP in the Face
7/22/04
Here's a follow-up to a newsworthy SoCal real estate story that we've been covering, that being the ongoing development plans for Rick Caruso's $264 mil Americana on Brand Development, adjacent to the Glendale Galleria in Gle...
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• General Growth in San Francisco at Stonestown Galleria
7/21/04
General Growth Properties (GGP), the big NY-based retail REIT, is about to acquire another major California property, that being the 854k sf Stonestown Galleria in San Francisco. According to the latest edition of Real Estate...
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• San Diego Retail Lease Update
7/20/04
Looking for a few more retail lease comps from San Diego County? We've got five more recent transactions for you in this report. In the first deal, Starbucks inked a lease for another location (it's about time!) at 12889 Ranc...
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• Coreland Racks Up New SoCal Leasing and Management Assignments
7/19/04
Coreland Companies is on a roll, as the Tustin-based real estate company was recently awarded a number of newsworthy leasing and management assignments. One of the new assignments was for the leasing of The Plaza, a 15-story...
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• It's A Beautiful Earth Day in Huntington Beach
7/16/04
J.H. Snyder Company recently commenced the construction of Bella Terra, the $170 mil open-air lifestyle center that will be the end result of an extensive renovation of Southern California's oldest enclosed mall, the 38-year-...
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• Retail Notes
7/15/04
SAN DIEGO (San Diego County) – Bread Bites Inc signed a 10-year, $1.3 mil lease for 3k sf of space at 7845 Highlands Village Place, for a family-style restaurant. Tony Villasenor of Grubb & Ellis/BRE Commercial represented th...
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• Latest Signings are a Breeze at Oceanside Center's Second Phase
7/14/04
Mission Federal Credit Union and Pick Up Stix are the latest tenants to sign up for space in the second phase of Old Grove Marketplace, joining Ralphs Grocery Company and San Diego National Bank on the list of retail and serv...
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• Marketplace Properties Crosses Winery and Shopping Center in Rancho Cucamonga
7/12/04
Tustin-based Marketplace Properties has received Design Review Committee approval for its planned upscale neighborhood development at the southeast corner of Baseline Rd and Day Creek Blvd in Rancho Cucamonga. The project, lo...
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