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November 14, 2024
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RETAIL NEWS
Archive
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• Pair of OC Retail Sales Ring Up $50 Mil
10/25/02
Sales of two high-profile Orange County retail centers just closed, for a combined price of roughly $50 mil. In one of the deals, LA-based Doerken Properties sold Mission Foothill Marketplace, a 110.7k sf center at 28721-2885...
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• Kimco Buys into Westlake Shopping Center
10/24/02
Kimco Realty Corporation, the NYSE-traded retail REIT, has entered into a partnership agreement with Westlake Development Company to own and redevelop Westlake Shopping Center, a 562k sf retail complex located between John Da...
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• Wireless Service Provider Sprints into Nine New SoCal Locations
10/23/02
Sprint PCS, the wireless telephone and information service provider, continued its aggressive expansion in Southern California by inking deals for nine new retail outlets in the region, in leases worth a combined value of ove...
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• Retail Sales Briefs
10/21/02
CANOGA PARK (Los Angeles County) – Private investors paid $1.14 mil for a 10k sf ($114/sf) retail center at 22201-15 Sherman Way, west of Topanga Canyon Blvd. Anchored by a 7-11 store, the property is 90% occupied. Richard Le...
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• Lennar and Hopkins to Redevelop Whittier Mall
10/18/02
Lennar Partners and Hopkins Real Estate Group (HREG) have teamed up to redevelop Whittwood Mall, a 900k sf shopping center at the intersection of Whittier Blvd and Santa Gertrudes Ave in Whittier, after purchasing the propert...
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• Costa Mesa Landlord to Get Smart with Petsmart
10/16/02
Petsmart, the inter-galactic pet products retail chain, has inked a deal for a new store in the Orange County town of Costa Mesa, signing a lease for a 19.7k sf space at 630 W. 17th St, between Harbor Blvd and Placentia Ave. ...
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• Cameron Pacific Pulls into San Dimas Station
10/15/02
Cameron Pacific, the LA-based acquisition and finance arm of STG Group, out of Northern California, just purchased San Dimas Station, a 150k sf neighborhood shopping center. Representing their first purchase in the Los Angele...
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• Opening Night a Success for New Hollywood Development
10/14/02
Here's more exciting development news from Tinsel Town, as Hollywest Promenade, the first supermarket-anchored neighborhood shopping center to be developed in the Hollywood area in more than 20 years, has opened with more tha...
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• Westside Retail Lease Raises Eyebrows in Beverly Hills
10/10/02
We just received info on a couple of small Westside retail lease comps from Beitler Commercial Realty Services, which we'll report here for those of you who like to maintain a handle on all of the activity in this segment of ...
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• Popular Upscale Retailer Barrels Its Way into The Grove
10/09/02
Crate & Barrel, the popular upscale home furnishings chain, opened its first full-line Los Angeles location, as they recently held a grand opening for a 32k sf store at The Grove, Caruso Affiliated Holdings 575k sf entertainm...
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• Jeweler Finds Retail Gem in Old Town San Diego
10/08/02
Here's more retail news from San Diego as we've got three more deals – two leases and one sale -- to add to your comp sheets. Let's lead off with the sale, as Leo Hamel Jewelers paid $2.4 mil for 19.8k sf ($121/sf) showroom p...
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• Spa Ruffin It in Kearny Mesa
10/07/02
Spa Holdings sold off another San Diego retail property, a 44.6k sf center at 9343-9363 Clairemont Mesa Blvd, between the 163 and 15 Fwys, at Ruffin Rd in Kearny Mesa. The property, Ruffin Village, sold for $3.9 mil ($87/sf)....
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• Sale of High Tide CafĂ© Washes Away Retail Investment Concerns
10/04/02
Investors continue to flock to San Diego retail properties, and we've got the scoop on a couple of related deals, in Pacific Beach and Vista. We'll start with the Pacific Beach sale, as an investment group paid $1.2 mil for t...
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• Investment Group Buys Flower Hill Near Del Mar
10/03/02
A California limited liability partnership paid $32.2 mil for Flower Hill Mall, a 109k sf ($295/sf) multi-level mall at 2630-2750 Via de la Valle and 15770 San Andres Dr. The center is located east of I-5, just outside of Del...
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• Duesenberg Chugs into Westwood Village
10/03/02
There still are deals happening during this slow period on the Westside, and we've got the facts to prove it. We'll start in Westwood Village, where John Anderson's Duesenberg Investment Company is reported to be buying three...
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• Hesperian Plaza Sells for $11 Mil
10/02/02
A Hayward retail strip center traded hands, as a local investment partnership called San Leandro Investment Company paid $11.1 mil for Hesperian Plaza, a 38k sf ($292/sf) property at the corner of Hesperian Blvd and Winton Av...
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• National City Gets New Mex Food Delivery While Poway Gets Thai Pad
10/01/02
Here are a couple of recent $1 mil San Diego County retail comps, one from National City and the other in Poway. In the National City deal, Tesoro's Mexican Cantina inked a five-year, $930k lease for a 5.9k sf ($2.63/sf/mo) s...
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• Porter Ranch Center on the Market for $16 Mil
9/26/02
Here's another SoCal retail property that's just come on the market, this one in the northern San Fernando Valley community of Porter Ranch. The property is the Porter Ranch Shopping Center, a 56.6k sf center situated on 4.74...
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• ORIX Decides Howard Hughes "Lifestyle" not for Them
9/25/02
ORIX Real Estate Equities and development partner J.H. Snyder are said to be preparing to market their Promenade at Howard Hughes Center, a 250k sf lifestyle retail center completed about a year ago. The center is part of the...
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• 2 B or Not 2 B Decides to Be in Westwood
9/24/02
Here's a trio of recent Westside retail transactions, courtesy of Beitler Commercial Realty Services' Suzanne Laff, who was involved in all three deals. The first transaction was the sale of a vacant 11.4k sf building at 1093...
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