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• Retail Investors Can Make a Run for the Borders
4/28/04
LandGrant Development is marketing a portfolio of four Borders Books and Music retail stores. The properties, of which two are in NoCal and the other two are in SoCal, have an aggregated value of $35.6 mil. Christopher Maling...
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• Veteran Retail Investors Pay $2,667/sf for Rodeo Drive Address
4/27/04
A primo retail property on prestigious Rodeo Dr, in the heart of Beverly Hills' Golden Triangle area, traded hands, as a pair of veteran real estate investors acquired a 7.5k sf building at 325-329 N. Rodeo Dr. The two-story ...
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• A Retail Offering Worth Crossing the Desert For
4/26/04
A major Inland Empire shopping center is being offered for sale, as a Steve Rebeil-led investment group has listed Desert Crossing, a 516k sf complex at the southeast corner of Hwy 111 and Fred Waring Dr in Palm Desert. The a...
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• Upscale Walnut Creek Center Hits the Market
4/23/04
Retail investors have the opportunity to acquire a primo NoCal property, as Plaza Escuela, a 153.9k sf upscale urban retail complex located in the heart of downtown Walnut Creek, has been put on the market. The property, whic...
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• Expect to See a Lot of Growth at the Grand Canal Shoppes in Vegas
4/23/04
General Growth Properties, the Chicago-based retail REIT is the winning bidder for the Grand Canal Shoppes, the 407k sf upscale retail portion of the Venetian resort and casino in Las Vegas. As part of the deal, General Growt...
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• SoCal Retail Briefs
4/21/04
BALDWIN PARK – Long Beach-based Bixby Land Company bought Sierra Center, a 100.3k sf retail center at the southeast corner of Baldwin and Francisquito in Baldwin Park. The property was 100% leased at the time of the sale, to ...
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• Luna Lounge and Rubio's Open New San Diego Restaurants
4/20/04
Luna Lounge, a Pan-Asian restaurant, signed a 10-year, $2.56 mil lease for 6.2k sf ($3.44/sf/mo) of retail space at 639 J St, in San Diego's Gaslamp District. Bill Shrader and Corinna Gattasso of Burnham Real Estate Services ...
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• Opus West Plans 375k sf Lifestyle Center at Chino Hills
4/16/04
Phoenix-based Opus West Corp has unveiled plans to develop a 375k sf regional open-air lifestyle center to be called the Shoppes at Chino Hills, which will be built in a public/private partnership with the city of Chino Hills...
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• Inland Empire Retail Centers Fill Up with Beverages & More!
4/15/04
CB Richard Ellis' Focused Retail Services Group, based out of Orange County and made up of Jeff Moore, John Mehigan, Barclay Harty and Jennifer Meade, continues to enjoy tremendous success handling retail lease transactions t...
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• April 14, 2004 - Victorville Retail Center Back on the Market after Just One Year
4/14/04
A 506k sf SoCal mall is being put on the market roughly a year after it was acquired by the current seller. The property is the Mall of Victor Valley, which, per Real Estate Alert, was purchased for $70 mil ($138/sf) by a gro...
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• Wahoo's Signs Up for Ranch Duty
4/13/04
Foothill Ranch Company just signed five new tenants at its Foothill Ranch Plaza business campus in the south Orange County community of Foothill Ranch. The latest tenants, which signed for a combined 94.7k sf of space within ...
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• Investor Spends $6.3 Mil on Pair of Diamond Bar Retail Gems
4/12/04
Kensington Diamond Bar, LLC, an affiliate of Tustin-based Kensington Real Estate Group, sold two retail buildings, totaling 29.7k sf, located within Diamond Bar Village Center for $6.3 mil ($212/sf). The buyer of the two reta...
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• Retail Notes
4/09/04
MISSION VIEJO (Orange County) – LA-Z-Boy Furniture Galleries inked a lease for another store, after signing a 15-year, $3.39 mil deal for 16.1k sf ($1.17/sf/mo) of space in Mission Viejo. The new location is at 28565 Margueri...
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• J.P. Morgan Said to Be Looking at Stake in Del Amo Fashion Center
4/08/04
J.P. Morgan Fleming, the real estate advisory fund, is reportedly purchasing a substantial stake in the Del Amo Fashion Center, SoCal's largest mall. As many of our readers will recall, the giant mall was just acquired by Arl...
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• Popular Fisherman's Wharf Retail Center on the Market for Over $1,000/sf
4/07/04
A popular shopping center in San Francisco's Fisherman's Wharf is reportedly on the market. According to a recent story in the San Francisco Business Times, the owners of The Anchorage, an 80k sf center located between Pier 3...
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• Cellular Service Provider Sprints into Downtown San Diego Hotel
4/06/04
Here's news of another cellular services retailer in downtown San Diego, as Sprint Spectrum LP signed a 10-year, $1 mil lease for a 3.1k sf ($2.69/sf/mo) retail space within the Westgate Hotel, located at 1055 Second Ave. The...
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• Buyer Makes Federal Case out of Westgate Mall Sale
4/05/04
Federal Realty Investment Trust (NYSE:FRT) has purchased Westgate Mall, a 637k sf shopping center in San Jose, for $97 mil in cash from a private owner. Federal Realty plans to increase the value of the property through the r...
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• NoCal Retail Notes
4/01/04
SAN FRANCISCO (San Francisco County) – Heitman Capital Management has put the 854k sf Stonestown Galleria on the market on behalf of its owner, a partnership that includes the San Francisco City & County Employees. Per a rece...
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Executive Subscriber Price: Free
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• Latest Investor an Authority on Escondido Valley Center
3/31/04
A California limited partnership has picked up the majority portion of the Escondido Valley Center shopping mall for $10.9 mil. The buyer, WGA Sports Authority LP, acquired a 92.7k sf ($118/sf) portion of the property that in...
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• Partnership Spends $5.2 Mil on Mira Mesa Center
3/30/04
Scripps Mesa Retail Center, a 25.2k sf center in Mira Mesa, traded hands for $5.17 mil ($205/sf). The 25-year-old property sits on 1.7 acres and is located at 9801-9841 Mira Mesa Blvd, just east of I-15. It was fully leased a...
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