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April 18, 2024
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RETAIL NEWS
Archive
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• July 19, 2002- Newly Created Empire to Build Village in Corona
7/19/02
There was big retail news in the Inland Empire recently as developer Empire Commercial Real Estate broke ground on a 100k sf upscale neighborhood retail center in Corona. The center, which is scheduled for a 2003 completion a...
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• July 15, 2002- Orange County Retail Leasing Notes
7/15/02
A CB Richard Ellis report highlights its recent retail leasing activity in Orange County and we'll take a look at some of these happenings. Beginning in Rancho Santa Margarita, at the southwest corner of Avenida De Las Bande...
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• NoCal Retail Briefs
7/12/02
EL CERRITO (Contra Costa County) – Specialty market chain Trader Joe's inked a 10-year deal for 11k sf at El Cerrito Plaza, a 318k sf shopping center at San Pablo Ave and Fairmont St, owned by Regency Centers, the giant Flori...
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• Pan Pacific Gets Square Deal in Tustin
7/10/02
Pan Pacific Properties, a NYSE-traded retail REIT, just completed a $28.5 mil acquisition of Larwin Square, a 210.9k sf ($135/sf) retail center located on 15 acres at the intersection of Newport Ave, First St and Centennial W...
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• Chula Vista Center Adds New Décor
7/08/02
Here's a retail comp from Chula Vista, as Winn Marketing, dba Décor Furniture, signed a 14-year sublease for 12.5k sf of retail space from PetSmart at Rancho Del Rey Business Center. The transaction has a total value of $2.9 ...
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• Zelman Recapitalizes Ontario Gateway
7/05/02
Zelman Development Company recently wrapped up a $25 mil ownership recapitalization of Ontario Gateway, a 211.9k sf power center adjacent to Ontario Mills Mall, at the junction of Interstates 10 and 15 in Ontario. The project...
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• It's a New Century in Daly City
7/03/02
The opening of Pacific Plaza's entertainment anchor, Century Theatres' 20-screen cineplex, and restaurant plaza marks the completion of the first two phases of this dynamic mixed-use development, a joint venture of California...
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• Studio City Center Draws $21 Mil
6/28/02
Here's the scoop on a couple of notable LA-area retail centers that have sold. The first deal is in the San Fernando Valley community of Studio City, where an investment group paid $21.2 mil for Studio Center Place, a 108.1k ...
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• Vegas Land Sale was a Premium Deal
6/27/02
Here's more info on the 39.2-acre Vegas land sale we reported on the site the other day. As mentioned, the buyer of the dirt, near Charleston and Grand Central Pkwy in the southeast quadrant of the intersection of the 15 and ...
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• Carson Planning $100 Mil Entertainment Special
6/26/02
GMS Realty LLC and Cherokee Investment Partners are planning the development of a mega-retail center on a 157-acre landfill site in the city of Carson. According to a recent article in the LABJ, the retail/entertainment proje...
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• West LA Retail Site on the Market Again
6/25/02
A sizable retail property in upscale Westwood Village is on the market again, about two or three years after the current seller, Madison Marquette, bought the property. The investment in question is actually a 30-year ground ...
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• Trizec May Have Buyer for Paseo Colorado
6/24/02
Trizec Properties, which for some time now has made it known that they were looking to sell off their three recently developed retail mega-projects – Hollywood & Highland in Hollywood, Paseo Colorado in Pasadena, and Desert P...
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• Yes, Clovis Has a Town Center, and it Sold for $9.8 Mil
6/21/02
A NoCal private investor paid $9.75 mil for Clovis Towne Center, a 133k sf ($73/sf) retail center at 90 West Shaw Ave in the town of Clovis. Constructed in 1984, the property is part of a 282k sf retail development that sits ...
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• LA Investor Pays $13 Mil for West Covina Center
6/17/02
West Covina Parkway Plaza West, an 87.6k sf retail center at the intersection of West Covina Pkwy and California Ave in West Covina, sold for $13 mil, or $148/sf. Originally constructed in 1975, the property was renovated in ...
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• Macerich Fells Giant Oaks in Conejo Valley
6/14/02
Following up on a major retail property that we mentioned was on the block a couple of months ago, it looks like Macerich Company, the Santa Monica-based retail REIT, has agreed to purchase The Oaks shopping center in Thousan...
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• Cathedral Partners Hears Their Calling at Brea Retail Center
6/12/02
Let's go shopping in Orange County and visit several retail properties that have recently changed hands. We'll begin in Brea where a 29.9k sf retail facility in the Birch Street Promenade sold to Cathedral Partners Inc for $...
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• Retail Briefs
6/10/02
SAN DIEGO (San Diego County) – A private investment entity called PieBush LLC paid $807.5k for a 6.3k sf ($128/sf) retail building at 4664 Clairemont Mesa Blvd, between Genesee Ave and the 805 Fwy in the Clairemont section of...
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• ICSC's Big Fall Deal Making Session Set for Sep 24-26
6/07/02
One of the bigger retail industry conferences on this side of the Rockies is set to happen on September 24 through 26, as the International Council of Shopping Centers' (ICSC) Western Division Conference and Deal Making event...
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• San Diego Investor Settles in at Maryland Hotel in Gaslamp Quarter
6/06/02
In downtown San Diego, a California limited liability company paid $7.76 mil for the Maryland Hotel, a six-story, 271-room ($28.6k/room) property at 630 F St, near the Gaslamp Quarter. The property, which was constructed in 1...
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• Ethan Allen Gets Comfortable with New Store in Laguna Niguel
6/05/02
Ethan Allen announced plans for a new store in Laguna Niguel, as the national furniture retailer inked a long-term lease for a 16.5k sf store at the Center at Rancho Niguel. The 370k sf shopping center is located at 28031 Gre...
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