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• Prescription for Walgreens is $9 Mil Land Lease in Sun City
2/28/03
Walgreens, the nation's largest drug store chain, has completed a $9 mil, 60-year land lease for an acre of land, with 215 Fwy visibility, at 26771 McCall Rd in the Riverside County community of Sun City. Walgreens is expecte...
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• Apollo Aims for the Stars with Major Retail Buy on LA's Westside
2/27/03
It looks like NY-based Apollo Real Estate Advisors is about to acquire a major Westside retail property, that being the Beverly Connection, a 387k sf property at 8049 West Third Street. According to Real Estate Alert, Apollo ...
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• LA Investors Come to a $40 Mil Crossroads
2/26/03
Well-located, successful urban retail centers are in high demand by investors these days, as anyone who's been following our site knows. And here's news of yet another significant sale, as Crown Realty & Development has sold ...
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• Teachers Ends Up With Bay Area Fashion Park
2/19/03
An opening offer by the lender appeared to be sufficient to claim Vallco Fashion Park, the Cupertino mall put up for auction Feb. 13 by a court-appointed trustee. New York-based Teachers Insurance and Annuity Association of A...
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• February 18, 2003- Marcus & Millichap Duo Offer Four New SoCal Retail Listings
2/18/03
For those investors looking for some new SoCal retail listings, here are four such candidates, listed by the active Marcus & Millichap duo of Christopher Maling and David Maling. Asking prices for the properties range between...
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• Pomona Center Sells for $6.35 Mil
2/13/03
Signaling the growing value of Inland Empire retail properties, a Huntington Beach private investor paid $6.35 mil for Rio Rancho Plaza, a 45k sf ($141/sf) center at the northwest corner of Garey Ave and Rio Rancho Rd in Pomo...
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• OC Exchange Investor Makes Pointe with Mission Viejo Retail Buy
2/12/03
A couple of investment groups transacted the $4.5 mil sale of Park Pointe Center, a three-building, 20.1k sf ($224/sf) retail complex in Mission Viejo. The property, at 23641-23691 Via Linda, between Los Alisos Blvd and Alici...
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• Financing Notes: Ontario Buyer Gets to Pic ‘N' Save Thanks to $4.4 Mil Loan
2/11/03
Marcus & Millichap Capital Corporation arranged $4.4 mil in acquisition financing on Ontario Village Shopping Center, a 40k sf retail center at the northeast corner of Holt Blvd and San Antonio Ave in Ontario. Anchored by Sta...
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• Retail Briefs
2/10/03
SAN DIEGO (San Diego County) – Fleming's Prime Steakhouse inked a 10-year, $1.5 mil lease for a 5.8k sf ($2.16/sf/mo) restaurant in the Crown Bay Building, at 380 K St, about a block from Harbor Dr. Scheduled to open in the s...
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• February 10, 2003 - Hopes Re-Bloom for Emporium Building
2/10/03
Less than a month after announcing elimination of the luxury hotel component from the proposed Bloomingdale's-anchored mall in the shell of San Francisco's historic Emporium building, developer Forest City California revealed...
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• Retail Briefs
2/05/03
MOORPARK (Ventura County) – A private investor paid $5.2 mil for a 17.9k sf ($290/sf) portion of the Mountain Meadows Plaza, a Moorpark retail center anchored by a Von's supermarket. The buyer, Kathleen Lockhart, plans to kee...
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• Forest Clears Out Canyon
2/04/03
Canyon Center Shopping Center, a 220k sf retail center at 19307-19435 Soledad Canyon Dr in Santa Clarita, was bought by an LA-based investment group for $18 mil ($82/sf). The property sits on 15 acres at the northwest corner ...
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• Investor Pays $30 Mil for to get that Country Feel in West LA
1/31/03
A 30k sf retail property in the upscale West LA area of Brentwood, at the intersection of 26th St and San Vicente Blvd, has recently changed hands. According to a piece earlier this week by Roger Vincent in the LA Times, J.S....
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• The Good Guys Come out Ahead in Brea Transaction
1/30/03
A private investor has acquired a 19.5k sf retail building in Brea, currently occupied by The Good Guys, for $4.75 mil ($243.50/sf). Located within the Imperial/Good Guys Center, the property is at 820 E. Imperial Highway, ju...
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• Burbank's Media Center Area to Get Crowning Touch
1/28/03
It looks like investors' growing appetites for well-located retail developments, a trend that really accelerated in 2002, is going to continue well into 2003. In the latest news, Irvine-based Crown Realty & Development has re...
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• January 27, 2003 - Learning the Basics in Retail Leasing
1/27/03
Furniture 101, a family-run furniture retailer from Cotati, has signed a five-year lease for 20k sf in Marin County to house its third North Bay store. Additional stores in other Bay Area locations are in the cards, as the co...
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• Haft Sells Half of a Beaumont Retail Investment from Seven Years Ago
1/24/03
We've been reporting more and more about retail deals in the Inland Empire, and here's the scoop on another recent sale, this one in Beaumont, as Rockreef USA bought a 60k sf building at 1691 East Sixth St. The seller was Haf...
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• Trader Joe's Trades Up to a New Pasadena Store
1/23/03
Residents on the eastern side of Pasadena and in the immediately neighboring communities of Sierra Madre and Arcadia can look forward to another great grocery shopping option, as Trader Joe's Company has agreed to a long-term...
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• Orange County Investor Lands on Planet Beauty
1/17/03
In a San Diego County retail sale, a California limited liability company paid $3.14 mil for a 40.3k sf ($78/sf) retail property, formerly used as a grocery store. Located at 480 N. Spruce St, south of Washington Ave and a co...
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• Pan Pacific Purchases Pavilions Place
1/16/03
Pan Pacific Properties, the largest neighborhood shopping center REIT on the West Coast, added another SoCal center to its portfolio, having closed on a $40.2 mil buy of Pavilions Place, a supermarket-anchored community cente...
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