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Carlsbad Center Sells for $50 Mil 1/15/04 An out-of-state investment venture acquired a 147k sf neighborhood shopping center in Carlsbad. The property is Plaza Paseo Real, which was bought for $50.25 mil ($342/sf) by Plaza Paseo Real Associates LLC, a partnership mad...
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Review of Major LA Area Retail Sales 1/13/04 We're waiting for the barrage of December 31st closing news items for retail properties, but until those start coming in, we'll run through a few retail sales from the fourth quarter, a couple of which we briefly mentioned in...
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Retail Briefs 1/08/04 LAKE ELSINORE (Riverside County) – A private investor paid $3.75 mil for a 67.8k sf ($55/sf) retail center at 31952 Mission Trail in Lake Elsinore. Tenants at the property include Stater Brothers and Del Taco. Donald MacLella...
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Construction Finished at The Pike at Rainbow Harbor 1/05/04 Construction on one of SoCal's most anticipated new retail projects has just wrapped up, as Snyder Langston has finished work on The Pike at Rainbow Harbor, a 312.6k sf lifestyle center in downtown Long Beach. Developed by Oh...
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Coreland Takes Down 567k sf of New Contracts in Past 90 Days 1/02/04 Tustin-based Coreland Companies has been awarded more than 567k sf in new retail and residential assignments in Southern California in the past 90 days. These latest contracts include the management assignment for The Hub, a ...
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Retail Briefs 12/30/03 SAN DIEGO (San Diego County) – Lexus Café inked a 10-year, $816k lease for 2.6k sf of space in 4-C Square, located at 428 C St in downtown San Diego. Lexus plans to take occupancy during the second quarter of 2004. Bill Shrad...
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Chuck E. Cheese to Spice Up Plaza Mexico 12/24/03 Plaza Mexico, a 425k sf retail center in the LA Basin city of Lynwood, has recently signed five new tenants for a combined 39.7k sf of space. The latest deals, which have a total value of $10.37 mil, were with Emyco Internati...
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Investor Makes $20 Mil Acquisition in Lake Forest 12/23/03 A private investor from Taiwan made a $20 mil purchase of a Lake Forest real estate portfolio that consists of Lake Forest Plaza, a 90k sf retail center, and a 29k sf multi-tenant office building. The retail center is at 2362...
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Westcore Turns to Rite Aid for $38 Mil 1031 Exchange Prescription 12/19/03 Westcore Properties LLC, a SoCal-based real estate investment company, has purchased a 244.3k sf portfolio of nine Rite Aid stores, located in Northern and Southern California, for approximately $38.7 mil ($158/sf). The selle...
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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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