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October 13, 2024
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RETAIL NEWS
Archive
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• Hager Pacific Spends $68 Mil on Baldwin Hills Crenshaw Plaza Mall
4/01/03
Add Baldwin Hills Crenshaw Plaza Mall to the list of major SoCal shopping centers that have changed hands over the last year. The 850k sf property, situated on 43 acres at the intersection of Crenshaw and Martin Luther King B...
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• Is Escondido Becoming a Shopper's Paradise?
3/31/03
While most folks may not view the San Diego County city of Escondido as a major hub of retail real estate activity, there's been quite a bit of industry news in the area of late. The big story is the recent grand opening of E...
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• Burbank's Media Center to Wear New Ownership Crown
3/28/03
Crown Realty completed their $111 mil acquisition of the 1.2 msf Burbank Media Center, a major sale that we first reported a couple of months ago. The transaction involved a 1031 exchange from their recent sale of the Venice ...
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• Cisco Brothers not Kidding about Showroom Center in South Los Angeles
3/27/03
Cisco Brothers Furniture has opened phase one of their LA Design Center showroom complex at 5955 S. Western Ave, by Slauson Ave in South Los Angeles. Intended to encourage distributors of home furnishings and related accessor...
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• Retail Briefs
3/26/03
CORONA ( Riverside County) – Private investors paid $4.4 mil for the Sierra Del Oro Promenade, a 41.6k ($106/sf) retail center at 4300 Green River Rd. Built in 1993, Sierra Del Oro Promenade is 87% leased to a variety of tena...
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• Zaremba Mambos into New Lakewood Drugstore Site
3/24/03
Cleveland, OH-based Zaremba Group signed a 25-year ground lease for a 70k sf site at the northwest corner of Del Amo and Paramount Blvds in Lakewood, in a transaction valued at over $7.5 mil ($0.36/sf/mo). Zaremba intends to ...
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• Rawson, Blum & Leon Peels Old Skin off Mall of Orange
3/21/03
One of SoCal's icon shopping centers is about to undergo a major facelift, as Rawson, Blum & Leon are embarking on a $57 mil redevelopment program at the historic Mall of Orange, which is located at the 55 Fwy and 91 Fwy off ...
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• JPMorgan Fleming Makes $150 Mil Investment in Donahue Schriber
3/20/03
Donahue Schriber, the Costa Mesa-based shopping center development and management firm, received a major boost from a long-time partner, as JPMorgan Fleming Asset Management's Strategic Property Fund has invested $150 mil in ...
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• The Ultimate Retail Shopping List
3/20/03
The most recent edition of Real Estate Alert highlights a number of major retail centers in California that are currently on the block, a few of which we'll quickly mention here. We're not going to list all 12 properties in t...
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• Are You Ready for DDRJDN?
3/18/03
Developers Diversified Realty Corp (NYSE: DDR), the Cleveland, OH-based retail REIT, and JDN Realty Corporation (NYSE: JDN), an Atlanta,GA-based retail development and management firm, have completed the merger that will add ...
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• Red Mountain Makes $28 Mil Buy of National Grocery Store Sites
3/17/03
Red Mountain Retail Group, a Santa Ana-based real estate investment and development company based in Santa Ana, closed a $28 mil buy of a 700k sf, 11-shopping center portfolio. Although the official word coming down the PR pi...
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• Continental Adds Macaroni Grill to the Menu at New Atrium Office Project
3/14/03
Two credit restaurant franchises, one a casual dining restaurant and the other a fast-food chain, have inked deals for new SoCal locations. In one of the transactions, Romano's Macaroni Grill signed a $1.9 mil lease for a new...
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• March 14, 2003 - Fruitful Search
3/14/03
Sephora, the body-care retailer owned by LVMH Moët Hennessy Louis Vuitton, apparently has found a subtenant for its soon-to-be-vacated space at 1 Stockton St. According to San Francisco Business Times, Apple Computers Inc ina...
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• 1.1 msf Upland Retail Development Gets Underway
3/13/03
Construction on Colonies Crossroads, a new Inland Empire retail mega-development, is underway. Infrastructure and major street work has already been started on the $200 mil, 110-acre Upland project, with site work and grading...
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• Retail Briefs
3/12/03
VISTA (San Diego County) – Keun Choi inked a five-year, $3 mil lease for 45k sf ($1.11/sf/mo) of retail space at 1150 E. Vista Way and 1001-1021 Bobier Dr, at the intersection with Foothill Dr. We don't have any additional in...
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• NoCal Investment Group Picks Up San Marcos Retail Property
3/07/03
NoCal-based Portola Investment Group just acquired Outlet Center 78 Place, a 105.6k sf outlet center at 1050 Los Vallecitos, by San Marcos Blvd in San Marcos, for $12.2 mil ($115.50/sf). The property features 250 surface park...
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• Ontario Home Center Sells for $26 Mil
3/06/03
Two investor groups closed a major retail sale in the Inland Empire, that being Ontario Home Center, a 130k sf home furnishings center located at Ontario Mills, at the intersection of Milliken Ave and East Inland Empire Blvd....
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• Bell Tolls for Retail Investors
3/05/03
Bell Gardens Marketplace, a 159.8k sf neighborhood center at 6801 Eastern Ave, at the northeast corner with Florence Ave in the city of Bell Gardens, traded hands at a price of $13.4 mil ($84/sf). Originally built by Hopkins ...
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• Rich Development is $5.3 Mil Richer after Sale of Signal Hill Center
3/04/03
A 30k sf Signal Hill shopping center traded hands, as a Manhattan Beach family trust paid $5.3 mil ($177/sf) for Towne Centre North, a three-year-old property at the northwest corner of Cherry Ave and Willow St. Located on a ...
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• Investors Pick Up West Covina Center for $4.5 Mil
3/03/03
A pair of private investors purchased Canyon Center, a three-building, 27.9k sf retail property in the East San Gabriel Valley city of West Covina. The buyers, Joseph and Susan Liu, paid $4.51 mil ($162/sf) for the building, ...
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