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• Faris Lee OC Retail Trifecta
3/04/04
In Orange, the 37k sf strip retail center at 1997 E. Grove Ave traded for $5.4 mil, or roughly $145/sf. Dubbed Shaffer Park Plaza, it was sold by a private individual investor known as Perlmutter to Chiavatti Trust as part of...
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• Retail Notes
3/03/04
REDDING (Riverside County) – Pan Pacific Retail Properties collected $7.3 mil from the sale of Westwood Village Shopping Center, a 102.4k sf ($71/sf) complex in Vista. Tenants include Holiday Market, Rite Aid Drugs, Round Tab...
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• Covina Marketplace Sells for $13.5 Mil
3/02/04
An investment entity paid $13.45 mil for Covina Marketplace, a six-building, 105.3k sf ($128/sf) retail center located a 942-960 West Arrow and 1415-1453 North Azusa Ave in Covina. Originally built in 1988 this retail center ...
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• A New Century Dawns on San Bruno
3/01/04
Century Theatres, the San Rafael-based motion picture exhibitor, has added another Peninsula location with a new state-of-the art theater located at The Shops at Tanforan, five minutes from the San Francisco Airport on El Cam...
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• CIM Group Stars in Blockbuster $201 Mil Buy of Hollywood & Highland
3/01/04
Shutting the door on Trizec Properties' less than profitable history with the Hollywood & Highland retail/entertainment center, the 640k sf development that Trizec built two years ago was acquired by a CIM Group entity, calle...
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• February 27, 2004 - $12.6 Mil Sale Wraps Up 10th Deal for Faris Lee at New Birch Street Promenade
2/27/04
A private investor paid $12.6 mil for The Village at Birch Street Promenade, a 55k sf ($229/sf) mixed-use development in the city of Brea that consists of 30 apartment units over 17 ground-floor retail stores at 110, 260 and ...
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• Gardena Retail Center gets a Rich Owner
2/26/04
Rich Development Company has purchased the 143.9k sf Pacific Square located at 1600 W. Redondo Beach Blvd, between Western and Normandie Aves in Gardena, for over $11 mil. The purchase included the 90k sf supermarket-anchored...
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• DDR and Coventry Unload another Portion of Former Burnham Pacific Portfolio
2/24/04
A partnership made up of Developers Diversified Realty (DDR) and Coventry Real Estate Partners sold a 300k sf chunk of the Plaza at Puente Hills, a 518k sf regional center in the City of Industry. The unnamed buyer paid $33 m...
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• Retail Briefs
2/20/04
EL CAJON (San Diego County) – A partnership made up of Harvest Partners LLC, Harvest Plaza LLC and DGW Harvest LLC, run by Pacific Development Partners out of Beverly Hills, paid $5.12 mil for a 36.7k sf ($139.50/sf) retail c...
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• Wal-Mart to Raid Oakland in a Move to Metroport
2/19/04
It looks like Wal-Mart, which finds itself running into more and more opposition to its expansion plans of late, will be able to move forward with a new store in Oakland. The company's recent plans in many parts of the countr...
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• Buyer Rolls Up Bamboo Plaza with $8.5 Mil
2/18/04
Bamboo Plaza, a four-story, 62.1k sf retail center in LA's Chinatown traded hands for $8.5 mil ($137/sf). The property, located at 988 N. Hill St, south of Dodger Stadium, is anchored by Empress Pavilion Restaurant, a popular...
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• Combined Properties is "On the Grow" in SoCal
2/17/04
Combined Properties, the Washington DC-based retail property owner/manager, acquired a 12k sf investment in the heart of the San Fernando Valley. Called the Shops at Sherman Way, the center is at the intersection of Shoup and...
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• Birtcher to Develop $70 Mil Furnishings Centre in Costa Mesa
2/13/04
The central Orange County city of Costa Mesa will soon be home to California's largest and most comprehensive home design and furnishing center, as Laguna Niguel-based Birtcher Development has announced plans to develop South...
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• NewMark Merrill Acquires Temecula Plaza Center
2/12/04
Tarzana-based NewMark Merrill Companies has acquired Tower Plaza Center, a 134.5k sf retail center located along the 15 Fwy at the Northwest corner of Rancho California Rd and Ynez Rd in Temecula. The center, which is anchor...
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• Retail Notes: California Investor Enjoys Serene Investment in Las Vegas
2/11/04
EL CAJON (San Diego County) – A 36.2k sf retail building in Washington Plaza, at the northeast corner of Jamacha Rd and Granite Hills was sold for $5.12 mil ($141/sf). The buyer, Pacific Development Partners, was repped by Bi...
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• Walton and Macerich Team up in Purchase of 1 msf Inland Center Mall
2/10/04
One of the largest retail centers in the Inland Empire traded hands, as LaSalle Investment Management, on behalf of Mano Management Company Inc, sold the Inland Center Mall in San Bernardino, in a deal said to be worth in the...
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• Cushman & Wakefield Wins Retail Leasing Assignment at Embarcadero Center
2/10/04
Cushman & Wakefield, the international real estate services firm, has been awarded a prestigious retail leasing assignment in San Francisco, having been named leasing agent for the retail portion of the world-renowned Embarca...
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• Westrust and Lowe Complete an Exchange of 6.8 Acres in Hawthorne
2/09/04
Westrust, the LA-based retail developer, recently acquired 6.8 acres of land in Hawthorne, on which they plan to build a new 66.5k sf retail center anchored by a 37k sf Magic Johnson 24-Hour Fitness Health Club. The site is ...
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• Transcan Acquires 86 Acres for Development of Canyon Crossings
2/09/04
In a major Inland Empire land deal, Transcan-Riverside LLC picked up an 86-acre chunk of dirt in Riverside for $25.2 mil. The site is part of the huge Canyon Springs development, located at the southwest corner of Interstate ...
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• 81 Acres Sells for Retail in San Diego's North County
2/06/04
Another major shopping center is planned for north San Diego County, as a San Diego-area investment group made a $25.5 mil buy of 81.43 acres ($7.19/sf) in Carlsbad, for the development of a 385.2k sf retail project at the co...
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