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• Passco Passes off Two California Centers
6/15/04
Passco Real Estate Enterprises Inc has wrapped up the sale of two grocery-anchored centers in California with an aggregate value of $25 mil. One of the properties is Mercantile Row Shopping Center, a 98.5k sf shopping center ...
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• New San Diego Retail Center Sells for $37 Mil
6/14/04
A California investment group paid $37 mil for a new 90k sf ($411/sf) retail center in Carmel Valley that is still under construction. The property, called Torrey Highlands Village Center, is expected to be completed later th...
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• Investors Pay $7.9 Mil for San Marcos Center
6/11/04
A La Jolla-based investor paid $7.9 mil for Vallecitos Village, a 78k sf ($101/sf) San Marcos shopping center. The property, which is made up of seven parcels for a total of 8.3 acres, is located at 1220-1364 E. Mission Rd, a...
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• Public Retail Listings from CB's Private Client Group
6/10/04
CB Richard Ellis' Private Client Group out of Newport Beach almost always has a number of interesting properties on the market, and in this report we'll share with you a couple of their most recent retail listings. Members in...
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• Cornerstone Closes $30 Mil Buy of Valencia Retail Center
6/07/04
Cornerstone Real Estate Advisors paid $30 mil for Northpark Village Square, an 87.6k sf ($342.50/sf) shopping center in Valencia. The property, which is at 27706-27776 McBean Pkwy, west of Seco Canyon Rd and south of Copper H...
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• LA's Retail Market to Remain Hot
6/04/04
Marcus & Millichap Real Estate Investment Brokerage Company, the nation's largest real estate investment brokerage firm, recently released its National Retail Research Report for 2004, which indicates that economic recovery w...
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• Retail Briefs
6/04/04
NEWPORT BEACH (Orange County) -- a private investor paid $2.55 mil at a proforma Cap rate of 6.5 percent for a 6.5k sf ($392/sf) retail building at 3305 Newport Blvd. Originally built in 1959, the property has more than 165 f...
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• Retail on the Rise in the Bay Area
6/03/04
Good news for retail real estate pros in San Francisco and Oakland, as Marcus & Millichap's recently released National Retail Research Report for 2004 indicates that San Francisco's retail market is on the rise, while Oakland...
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• SoCal Retail Notes
5/28/04
LOS ANGELES (Los Angeles) – A local private investor paid $2.35 mil for a 23k sf ($102/sf) retail property at 822 S. Main St. The building, which was 50% leased at the time of the sale, was sold by David Brower of Van Nuys. D...
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• May 27, 2004 - $48 Mil Investment Puts Coachella Valley in Harsch Light
5/27/04
Portland, OR-based Harsch Investment Properties has made a $48 mil investment in the rapidly growing Coachella Valley, having acquired two community shopping centers in the region - Plaza La Quinta, a 124.2k sf shopping cente...
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• Retail Briefs
5/25/04
HAWTHORNE (Los Angeles County) – The CB Richard Ellis Private Client Group has the listing for a 4.7k sf retail property called Ocean Gate Plaza. The brand-new building offers a street front location at 5035 W. Rosecrans Ave ...
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• Caruso's $1 Bil of New California Developments ain't Horseplay
5/24/04
Last week, in a press conference held at The Grove, some of which was carried on local TV news, LA-based Caruso Affiliated unveiled plans for an investment of $1 bil in six new retail destinations in California, in what could...
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• Westcore Keeps Busy in San Diego
5/21/04
San Diego-based Westcore Properties recently wrapped up a pair of San Diego-area property transactions totaling roughly $6.95 mil. One of the deals was a retail property acquisition for $3 mil, while the other was the sale o...
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• Berkeley Center on the Block for $20 Mil
5/20/04
A 92.5k sf Berkeley retail center is on the block, with an asking price of $20 mil, or about $216/sf. The property is the Berkeley Center, a retail, theater and office development located at 2200 Shattuck Ave, the main shoppi...
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• May 19, 2004 - Retail Deal Notes
5/19/04
SANTA ANA (Orange County) – Arnel Development signed a number of new leases at Creekside Plaza, located at the northwest corner of Tustin and 4th St. Since the beginning of the year, they've signed Stewart Title (1.2k sf), a ...
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• Playing It SAFECO in Vegas with $21.5 Mil
5/18/04
SAFECO Capital, an LA-based investor, paid $21.5 mil for Charleston Plaza, a 229k sf ($94/sf) retail center in Las Vegas. Located at the southwest corner of Charleston Blvd and Burnham Ave, the 15-year-old property was 98.5% ...
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• Plaza at Huntington Beach Sells for $36 Mil
5/17/04
There seems to be a lot of major retail news coming out of Huntington Beach of late. Just a few days after we reported about how the 38-year-old Huntington Beach Mall is about to be completely renovated into an exciting open-...
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• Financing Notes
5/14/04
LA-based Sonnenblick-Eichner Company has arranged an $11.5 mil Preferred Equity investment in the leasehold interest of PIER 39, the internationally renowned, shopping and entertainment center located in the heart of San Fran...
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• Victor Valley Victory for Macerich
5/14/04
Here's a follow-up to a major retail sale we alluded to in an article on RENTV about a month ago. The property is the Mall of Victor Valley, a 506k sf center owned by a partnership that includes Santa Barbara-based Somera Inv...
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• Retail Briefs
5/11/04
TEMECULA (Riverside County) -- Canyon-Cahan Temecula LLC has sold Phase I of the Winchester Meadows Shopping Center for $14.4 mil. The 74.3k sf ($194/sf) property is located at the northeast corner of Winchester & Margarita ...
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