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• Opening of Redeveloped San Marcos Retail Center is a World Premier
2/05/04
In San Marcos, World Premier Investments has nearly completed its transformation of Vallecitos Town Center into Nordahl Marketplace. The 1980s-vintage, Costco-anchored center, which originally contained about 315k sf of space...
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• Taubman Makes Major Purchase at the Beverly Center
2/04/04
A landmark Westside retail center is under complete ownership by a single entity, as Taubman Centers Inc, the Michigan-based retail REIT, acquired the 30% stake in the Beverly Center that it did not own. Per a news release fr...
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• Retail Notes
2/02/04
SAN DIEGO (San Diego County) – American Home Network paid $560k for a 2.94k sf ($190/sf) building at 7323 Jackson Dr in central San Diego. Tony Villasenor of BRE Commercial represented American Home Network, a mortgage banker...
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• Lewis Completes 470k sf of Retail Space in the Inland Empire
1/30/04
Lewis Retail Centers completed more than 470k sf of new shopping center space in 2003 in Southern California's Inland Empire. The work was conducted on six different shopping centers, four of which are brand new centers that...
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• Duesenberg Chugs into Woodland Hills
1/29/04
Duesenberg Investment recently closed on a substantial retail investment in the west San Fernando Valley, having paid $54.4 mil for Gateway Plaza, a 122k sf center on 7.88 acres at the corner of Topanga Canyon and Ventura Blv...
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• Kmart Gets into the Kohl Mining Business
1/29/04
Two major big-box retailers have secured new Bay Area sites. Kohl's Corp acquired four Kmart locations, reportedly agreeing to pay Kmart Holding Corp $100 mil for leaseholds in San Jose, Santa Clara and Colma, while Costco is...
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• January 28, 2004 - New Owner Flips for San Francisco Tourist Institution
1/28/04
A San Francisco dining institution and popular tourist destination has been saved from oblivion by a new owner. Sears Fine Food, a Union Square fixture for 65 years famous for its silver dollar-sized Swedish pancakes (their c...
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• Investor Closes West Covina Retail Buy
1/27/04
An Orange County private investor paid $9.75 mil for Samantha Courtyard, a two-building, 41k sf ($238/sf) retail center at 450-538 South Glendora, at West Covina Pkwy in West Covina. Located minutes from the 10 Fwy and direct...
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• Caruso Slips into the Marina
1/26/04
Santa Monica-based Caruso Affiliated Holdings has purchased Marina Waterside, a 10-acre retail center located on Lincoln Blvd between Mindanao Way and Fiji Way in Marina del Rey, from Carlyle Realty Holdings. The sale does n...
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• Westcore Goes Shopping in Poway
1/22/04
SoCal-based Westcore Properties wrapped up three San Diego area acquisitions totaling approximately $18.25 mil. The deals include two retail properties: Poway Plaza in Poway for $8.4 mil and an L.A. Fitness located within P...
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• San Marcos Neighborhood Center Joins the Country Club Set
1/21/04
A California limited partnership acquired roughly 62.3k sf of office space and 34.4k sf of retail space at La Mesa Village Plaza, a mixed-use development adjacent to the San Diego Trolley station, at Spring St and La Mesa Blv...
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• Westcore Goes to the Movies
1/20/04
Westcore Properties LLC, a Southern California-based entrepreneurial real estate investment company, has purchased a portfolio of three United Artists Movie Theatres totaling 143.1k sf for $36.75 mil. One of the properties i...
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• CIM Gets Its Own Star in Hollywood
1/20/04
By Allen Wolfsheimer
Here's the story of another big-budget Hollywood production that did not live up to expectations. In this case, however, we're talking about a major commercial real estate development, rather than anothe...
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• January 19, 2004 - Strawberry Short Take
1/19/04
The University of California has put Tiburon's Strawberry Village shopping center on the block and a buyer has reportedly been found for the Vogue theater in San Francisco, one of four local cinemas being offered by Regal Ent...
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• Carlsbad Center Sells for $50 Mil
1/15/04
An out-of-state investment venture acquired a 147k sf neighborhood shopping center in Carlsbad. The property is Plaza Paseo Real, which was bought for $50.25 mil ($342/sf) by Plaza Paseo Real Associates LLC, a partnership mad...
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• Review of Major LA Area Retail Sales
1/13/04
We're waiting for the barrage of December 31st closing news items for retail properties, but until those start coming in, we'll run through a few retail sales from the fourth quarter, a couple of which we briefly mentioned in...
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• Retail Briefs
1/08/04
LAKE ELSINORE (Riverside County) – A private investor paid $3.75 mil for a 67.8k sf ($55/sf) retail center at 31952 Mission Trail in Lake Elsinore. Tenants at the property include Stater Brothers and Del Taco. Donald MacLella...
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• Construction Finished at The Pike at Rainbow Harbor
1/05/04
Construction on one of SoCal's most anticipated new retail projects has just wrapped up, as Snyder Langston has finished work on The Pike at Rainbow Harbor, a 312.6k sf lifestyle center in downtown Long Beach. Developed by Oh...
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• Coreland Takes Down 567k sf of New Contracts in Past 90 Days
1/02/04
Tustin-based Coreland Companies has been awarded more than 567k sf in new retail and residential assignments in Southern California in the past 90 days. These latest contracts include the management assignment for The Hub, a ...
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• Retail Briefs
12/30/03
SAN DIEGO (San Diego County) – Lexus Café inked a 10-year, $816k lease for 2.6k sf of space in 4-C Square, located at 428 C St in downtown San Diego. Lexus plans to take occupancy during the second quarter of 2004. Bill Shrad...
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