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• December 17, 2003 - SCI Rolling With Rolando Plaza Buy
12/17/03
SCI Real Estate Investments closed an $11.1 mil purchase of the 72.4k sf ($153/sf) Rolando Plaza Shopping Center and the 6.16 acres it sits on at 6411-6535 University Ave, just south of San Diego State University and east of ...
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• Retail Briefs
12/16/03
SAN DIEGO (San Diego County) – The Palm restaurant signed a 20-year lease for a 9.2k sf space in the Julian Building, located at the corner of Sixth Ave and J St in the ballpark District of downtown San Diego. The Palm, an up...
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• Firecreek Crossing Becomes an American Asset
12/12/03
Firecreek Crossing, a 750k sf power center in Reno, Nevada was purchased by American Assets Real Estate Group, a San Diego-based development company, for $60 mil ($80/sf). The property was sold by Wattson Breevast, the firm t...
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• LA County Retail Briefs
12/10/03
NORTH HOLLYWOOD – Albertson's inked a long-term ground lease for a 49.5k sf site at 5941 Lankershim Blvd, the northwest corner with Oxnard, for construction of a new Sav-On drug store. The deal has a value in excess of $4.5 m...
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• Crown Closes Burbank Gateway
12/09/03
SoCal-based Crown Realty & Development has closed on the sale of a retail property they developed in the city of Burbank, having sold their 74.4k sf Gateway Burbank retail center to a private investment concern called Burbank...
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• West Covina Center Sells for $14 Mil
12/05/03
West Covina Parkway, an 87.6k sf regional shopping center at the intersection of West Covina Pkwy and California Ave in West Covina, was purchased by a Van Nuys-based investment partnership for $14.25 mil ($163/sf). Originall...
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• Retail Sellers and Buyers Go with the Reza's Edge
12/04/03
REZA Investment Group of Sperry Van Ness, the successful brokerage group led by Reza Etedali, out of SVN's Irvine office, wrapped up the sale of 10 properties valued at over $230 mil during the past 60 days. Through November...
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• Investors Pay $47 Mil for Temecula Retail Property
12/03/03
In Temecula, a 290k sf portion of the Temecula Town Center was sold for $47.5k sf ($164/sf). The complex sits on a 31.32-acre site on the northeast corner of Rancho California and Ynez Roads in this booming town, located in s...
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• Retail Notes from the Outskirts
12/02/03
We thought we'd share some recent retail news from a few of the more outlying, under-reported cities around the state, those being Bakersfield, Victorville and El Centro. Our first brief is from Bakersfield, where the develop...
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• Marshalls Heads Uptown in Upland
11/30/03
Marshalls, the national off-price apparel retailer, signed a 10-year, $4.2 mil lease for a 27.2k sf ($1.29/sf/mo) store, which opened last month, at the Uptown & Country Village Shopping Center. The center, located at 60-160 ...
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• SoCal Retail Briefs
11/26/03
HAWTHORNE (Los Angeles County): Regency Centers of Jacksonville, FL sold a drugstore site at the NE corner of Rosecrans and Inglewood Avenues. The purchase price for the 71.1k sf parcel was $6.4 mil ($90/sf for the dirt). Sen...
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• Serramonte Goes Feng Shui
11/25/03
The latest designs aimed at creating a holistic shopping experience for the shopping community were unveiled last week at Serramonte Center, an 865k sf mall at 3 Serramonte Center in Daly City. The $3.5 mil interior redevelo...
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• New 500k sf Development to Give Riverside a Downtown Feel
11/24/03
The Kenney Company, out of Newport Beach, has begun construction on an exciting new retail development in the city of Riverside, called Riverside Plaza, which is designed to evoke a “suburban downtown” feel. Located at Centra...
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• California Retail Notes
11/21/03
CHULA VISTA (San Diego County): Sudberry Properties has completed construction of Eastlake Village Marketplace, a 410k sf shopping center at the corner of Otay Lakes Rd and EastLake Pkwy in Chula Vista. Although the grand ope...
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• Downtown San Diego Retail Market Surpasses 3 msf of Space
11/20/03
A new downtown San Diego retail report by Burnham Real Estate shows that the market has grown to include over 3 msf of retail space – a number that will continue to increase over the next several years as blocks of new reside...
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• Central Orange County Retail Sales Whoppers
11/19/03
In Anaheim, Stone Creek Retail Investments LLC, sold the 16.7k sf shopping center on 1.71 acres at 1159-1189 North Euclid Avenue for $2.85 mil, or roughly $171/sf.
Stone Creek Plaza has only nine tenants with flexible unit s...
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• Red Mountain Buys CopperWood in Citrus Heights
11/18/03
Santa Ana-based Red Mountain Retail Group Inc purchased Copperwood Square
Shopping Center, a 139k sf shopping center in the Citrus Heights area of Sacramento. It is the SoCal-based investment group's first purchase in the Sac...
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• J.H. Snyder Offering His Assets for Sale in West Hollywood
11/17/03
A pair of very notable LA-area retail centers, one of which is still under construction, has been put on the market, with Secured Capital having been awarded both listing assignments. In Manhattan Beach, Madison Marquette is ...
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• Big 5 and Big Lots Adds up to Big Sale in Vista
11/13/03
Here are a couple of recent SoCal retail investments. In one, a California limited liability company acquired a free-standing 52k sf Vista retail building that is fully occupied by a pair of national tenants, Big Lots and Big...
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• Retail Briefs
11/11/03
SAN DIEGO (San Diego County) – 7-Eleven inked a 10-year, $627k lease for 1.8k sf ($2.90/sf/mo) of space at Camden Tuscany retail center, located at the corner of Kettner and Cedar Streets in the city's Little Italy area. Bill...
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