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• Novato Shopping Center a Fair Deal for Kimco
8/28/03
Following completion of more than $2.5 mil in renovations to Novato Fair Shopping Center in Novato, a joint venture between San Francisco's AMB Property Corp and New York-based AIG Insurance Inc sold the property to Kimco Rea...
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• August 27, 2003 - Furniture Movers
8/27/03
One of Oakland's best known commercial landmarks has found a new tenant. Gorman & Son Furniture, a Berkeley retail business that was founded in 1880, signed a 5-year lease for the bottom three floors of the former Saw Mill Fu...
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• Exchange Investor Trades into Yet-to-be-Built Sabre Springs Retail Project
8/26/03
There's been a lot of activity at a small, 1.35-acre site in Sabre Springs, which is located at 11385-11395 Poway Rd, about midway between I-15 and Pomerado Rd. A Pasadena entity called Landam Construction Exchange just purch...
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• Old Town to get a New Main Street
8/25/03
Ramsey Real Estate Group, a La Jolla-based developer, through its affiliated entity, Main Street Square LP, has acquired three properties in the Old Town area of Seal Beach. Located at 143, 147 and 148 Main St, the properties...
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• Palm Desert Center Sells for $25.3 Mil
8/22/03
An Irvine-based real estate owner/investor has purchased Desert Springs Marketplace, a 110.1k sf neighborhood retail center in Palm Desert. The property, which sits on a 12.4-acre parcel and comes with an adjacent 13-acre vac...
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• Retail Briefs
8/20/03
OCEANSIDE (San Diego County) – An investment entity paid $19.1 mil for Mission Center, a 163.9k sf ($116.50/sf) center at 3762-3784 Mission Ave. Richard Lebert of Colliers International represented the buyer, Mission Center L...
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• Porter Ranch Center Sells
8/19/03
In Porter Ranch, a high-income residential community on the northern outskirts of Northridge in the San Fernando Valley, Porter Ranch Shopping Center was sold by an affiliate of Santa Monica-based Doerken Properties to the Kl...
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• August 18, 2003 - Sherman Oaks Firm Pays $20 Mil for New Escondido Retail Center
8/17/03
An investment partnership managed by Sherman Oaks-based ACF Property Management closed a $19.9 mil retail buy in Escondido, in which they acquired the 97.7k sf ($204/sf) retail portion of Escondido Gateway. The mixed-use deve...
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• Phase II of Palm Springs Marketplace Promises to Be a Dynamic Venture
8/15/03
Centers Dynamic Inc has entered into a joint-venture with a San Mateo-based private family trust to develop 8.33 acres of land as phase two of the Palm Springs Marketplace in Palm Springs, CA. Located near the I-10 Fwy, the P...
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• August 14, 2003 - Retail Briefs
8/14/03
BUENA PARK (Orange County) - Two retailers, PetsMart and Michael's Stores, signed leases at Buena Park Place, a 215k sf retail center within the newly developed Buena Park Downtown retail and entertainment district. The two l...
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• August 12, 2003 - Laguna Hills Center Fetches $7.5 Mil
8/12/03
Western Country Plaza, a 27.8k sf retail center in Laguna Hills was purchased by The Bondurant Living Trust for $7.5 mil ($270/sf). Located at 27001 Moulton Pkwy, adjacent to the 73 toll road, the property is just minutes fro...
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• Dollar Tree Grows at Paperbark Plaza
8/08/03
Retail has been one of the stronger categories of commercial real estate during the economic slowdown of the past few years, and nowhere has that been more apparent than in San Diego, where demand for retail space remains hig...
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• Great Mall Becomes Great Mills Acquisition
8/07/03
The Great Mall of the Bay Area, the Milpitas retail center that was converted in 1994 from a former Ford Motor Co assembly plant, has been sold to Mills Corp for $265.5 mil. The figure is about $15 mil under the asking price....
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• SoCal Retail Sales Duo
8/06/03
A private investment partnership paid $18.6 for Bristol Marketplace, a 100.4k sf ($185/sf) shopping center located at the northwest corner of Bristol and 17th street in Santa Ana, as part of a 1031 exchange transaction. The ...
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• Recent Tenant Leases Takes Fontana Retail Center to New Heights
8/05/03
The retail pros at CB Richard Ellis have been keeping busy in the Inland Empire, and we've got news of a few recent deals to give you a better idea of activity in the region. We'll start with a few leases, one of which is for...
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• Retail Briefs
8/04/03
CAMARILLO (Ventura County) -- Donahue Schriber has completed a $6.5 mil renovation of Camarillo Village Square, a 243k sf neighborhood shopping center located at Las Posas Rd and Arneill Rd. It was purchased by Donahue Schrib...
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• August 1, 2003 - Caruso's Revised Plan for Glendale Town Center is Just Grove-y, Baby
8/01/03
In a 5-0 vote, the Glendale Redevelopment Agency has approved a revised site plan developed by Caruso Affiliated Holdings for the Glendale Town Center that expands the town square park, transforms Harvard St into a vibrant pe...
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• Crown Realty to Develop 34k sf Hawthorne Build-to-Suit for Circuit City
8/01/03
Crown Realty & Development Inc acquired a 2.8-acre parcel at 5033 West 147th St in the city of Hawthorne and plans to immediately begin development of a 34k sf build-to-suit location for Circuit City. Prior to breaking ground...
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• Retail Pro Moves
7/31/03
CB Richard Ellis has been in the news a lot this past week, mostly about finalizing their acquisition of Insignia/ESG Financial Services. But here's a note on one of their top performers, Richard Rizika, a senior retail broke...
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• Inglewood Residents can Look Forward to Big Upside at Crenshaw Imperial Plaza
7/31/03
At least one local investor thinks that there is a lot of upside to many older properties in Los Angeles, as Calabasas-based Upside Investments Inc just closed escrow on another sizable purchase, only a few weeks after announ...
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