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• Genesis Performs in $34 Mil Deal at SouthBay Pavilion
5/07/03
Newport Beach-based Hopkins Real Estate Group (HREG) has wrapped up a major SoCal retail buy, reportedly paying just over $34 mil for a major chunk of SouthBay Pavilion, a 937.7k sf regional mall on 71 acres at the southeast ...
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• May 6, 2003 - Retail Briefs
5/06/03
NORCO (San Bernardino County) - A vacant Home Base/Home to Home property was sold for $6.4 mil. The site is located at 200 Hidden Valley Pkwy in Norco. Alan Kreuger and Mike Lawrence of Marcus & Millichap represented the unna...
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• Hopkins Grabs Santa Clarita Site for Neighborhood Shopping Center
5/05/03
Newport Beach-based Hopkins Real Estate Group purchased four acres of land in Santa Clarita for $2 mil ($11.50/sf). Hopkins intends to build a 45k sf neighborhood shopping center on the site, located at the southwest corner o...
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• Top Dog to get Top Exposure at Oakland's City Center
5/02/03
We've been so busy reporting a number of recent office deals at Shorenstein Company's new 555 City Center high-rise in Oakland over the past few months, that we've not had the opportunity to mention a trio of new retail tenan...
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• Retail Portion of New Bay Area Project on the Market for $28.5 Mil
4/30/03
A pair of Marcus & Millichap brokers nabbed the listing for a notable Bay Area retail center, that being the 98.5k sf retail portion of the newly constructed Ocean View Village in San Francisco. Located at 3995 Alemany Blvd, ...
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• April 29, 2003 - Coreland is Scorin' With Retail Deals around SoCal
4/29/03
Retail continues to remain somewhat strong throughout SoCal, a fact that plays well into the hand of Coreland Companies, a real estate services firm out of Tustin that's been servicing quite a few retail clients of late, enou...
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• April 25, 2003- Albertsons/Sav-on Combo Store Opens Adjacent to City Park
4/25/03
Situated on Bonita Avenue in the heart of the downtown village, between Walnut and San Dimas Avenues in San Dimas, Calif., Marketplace Properties is developing San Dimas Town Center in conjunction with the city's redevelopmen...
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• Retail Briefs
4/24/03
LOS ANGELES (Los Angeles County) - In a major retail lease that the whole region was waiting on, Ralphs Grocery has finally signed a lease with CIM Group for the grocer to occupy a 50k sf supermarket for 20 years on 9th Stree...
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• Bellfower Firm Makes $7 Mil Geovestment in Hesperia Center
4/22/03
Here's an update about a trio of interesting SoCal retail investments, in the cities of Diamond Bar, Poway and Hesperia. We'll begin with the Poway deal, as a Barbados-based corporation called Southwest Properties Ltd paid $1...
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• Combined Properties Pays $11 Mil for San Gabriel Valley Center
4/21/03
Combined Properties paid $11 mil for La Verne West Shopping Center, a 65k sf ($169/sf) neighborhood center at the corner of Foothill Blvd and Wheeler Ave in La Verne. The 30-year-old center was sold by a Wohl Investments-led ...
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• Retail Briefs
4/17/03
LAKEWOOD (Los Angeles County) – Lakewood Dental Group paid $2.5 mil for a 16.6k sf ($151/sf) retail center at 4346 South Street, east of Lakewood Blvd. The center represents the third office for Lakewood Dental, which had bee...
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• $95 Mil Buy of Carmel Mountain Plaza a Sweet Deal
4/16/03
A venture made up of a California limited partnership and a California limited liability company closed on a $95 mil retail acquisition, that being Carmel Mountain Plaza shopping center, a 532.4k sf ($178/sf) property at 1161...
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• Investors Grab 31k sf Ross Store for $2.8 Mil
4/15/03
Santa Barbara investors have acquired a 31.6k sf free-standing building occupied by Ross Stores for $2.8 mil ($89/sf). The property is part of the 219k sf Mission Plaza Shopping Center and is situated on a three-acre parcel a...
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• Something Fishy about One SD Restaurant Deal; Something Cheesy about Another
4/11/03
Add two more restaurants to San Diego's happening downtown, as we've got a couple new lease comps from the area to share with you. In one deal, RA Sushi inked a 10-year, $1.26 mil lease for a 4.5k sf ($2.33/sf/mo) sushi bar a...
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• A Few M&Ms to Snack On Before Dinner
4/08/03
The Ontario office of Marcus & Millichap recently wrapped up a trio of retail property sales from around Southern California, which we'll quickly review for you in this report. One of the transactions was for Atstar center, a...
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• Brooks Brothers Take Their Act to Rodeo Drive
4/07/03
Brooks Brothers, the ageless American retailer, has inked a $15 mil, long-term lease for the former Tommy Hilfiger store at 468 N. Rodeo Dr, at the corner with Santa Monica Blvd, in Beverly Hills. The 18.5k sf space, which st...
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• Retail Investor Finds Paradise after $5 Mil San Diego Buy
4/04/03
Here's a sizable retail sale from San Diego County, as Del Mar Plaza, a 74.8k sf shopping center at 1555 Camino Del Mar, south of Jimmy Durante Blvd in downtown Del Mar, sold for $26.9 mil ($360/sf). Originally constructed in...
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• Retail Briefs
4/03/03
MOORPARK (Ventura County) – Simi Valley Harley Davidson will be opening the fourth Harley Davidson location in the greater San Fernando Valley after signing a $750k lease for 19k sf of retail space at 6190 Condor Dr. The new ...
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• Hager Pacific Spends $68 Mil on Baldwin Hills Crenshaw Plaza Mall
4/01/03
Add Baldwin Hills Crenshaw Plaza Mall to the list of major SoCal shopping centers that have changed hands over the last year. The 850k sf property, situated on 43 acres at the intersection of Crenshaw and Martin Luther King B...
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• Is Escondido Becoming a Shopper's Paradise?
3/31/03
While most folks may not view the San Diego County city of Escondido as a major hub of retail real estate activity, there's been quite a bit of industry news in the area of late. The big story is the recent grand opening of E...
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