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• Chuck E. Cheese to Spice Up Plaza Mexico
12/24/03
Plaza Mexico, a 425k sf retail center in the LA Basin city of Lynwood, has recently signed five new tenants for a combined 39.7k sf of space. The latest deals, which have a total value of $10.37 mil, were with Emyco Internati...
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• Investor Makes $20 Mil Acquisition in Lake Forest
12/23/03
A private investor from Taiwan made a $20 mil purchase of a Lake Forest real estate portfolio that consists of Lake Forest Plaza, a 90k sf retail center, and a 29k sf multi-tenant office building. The retail center is at 2362...
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• Westcore Turns to Rite Aid for $38 Mil 1031 Exchange Prescription
12/19/03
Westcore Properties LLC, a SoCal-based real estate investment company, has purchased a 244.3k sf portfolio of nine Rite Aid stores, located in Northern and Southern California, for approximately $38.7 mil ($158/sf). The selle...
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• December 17, 2003 - SCI Rolling With Rolando Plaza Buy
12/17/03
SCI Real Estate Investments closed an $11.1 mil purchase of the 72.4k sf ($153/sf) Rolando Plaza Shopping Center and the 6.16 acres it sits on at 6411-6535 University Ave, just south of San Diego State University and east of ...
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• Retail Briefs
12/16/03
SAN DIEGO (San Diego County) – The Palm restaurant signed a 20-year lease for a 9.2k sf space in the Julian Building, located at the corner of Sixth Ave and J St in the ballpark District of downtown San Diego. The Palm, an up...
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• Firecreek Crossing Becomes an American Asset
12/12/03
Firecreek Crossing, a 750k sf power center in Reno, Nevada was purchased by American Assets Real Estate Group, a San Diego-based development company, for $60 mil ($80/sf). The property was sold by Wattson Breevast, the firm t...
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• LA County Retail Briefs
12/10/03
NORTH HOLLYWOOD – Albertson's inked a long-term ground lease for a 49.5k sf site at 5941 Lankershim Blvd, the northwest corner with Oxnard, for construction of a new Sav-On drug store. The deal has a value in excess of $4.5 m...
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• Crown Closes Burbank Gateway
12/09/03
SoCal-based Crown Realty & Development has closed on the sale of a retail property they developed in the city of Burbank, having sold their 74.4k sf Gateway Burbank retail center to a private investment concern called Burbank...
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• West Covina Center Sells for $14 Mil
12/05/03
West Covina Parkway, an 87.6k sf regional shopping center at the intersection of West Covina Pkwy and California Ave in West Covina, was purchased by a Van Nuys-based investment partnership for $14.25 mil ($163/sf). Originall...
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• Retail Sellers and Buyers Go with the Reza's Edge
12/04/03
REZA Investment Group of Sperry Van Ness, the successful brokerage group led by Reza Etedali, out of SVN's Irvine office, wrapped up the sale of 10 properties valued at over $230 mil during the past 60 days. Through November...
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• Investors Pay $47 Mil for Temecula Retail Property
12/03/03
In Temecula, a 290k sf portion of the Temecula Town Center was sold for $47.5k sf ($164/sf). The complex sits on a 31.32-acre site on the northeast corner of Rancho California and Ynez Roads in this booming town, located in s...
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• Retail Notes from the Outskirts
12/02/03
We thought we'd share some recent retail news from a few of the more outlying, under-reported cities around the state, those being Bakersfield, Victorville and El Centro. Our first brief is from Bakersfield, where the develop...
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• Marshalls Heads Uptown in Upland
11/30/03
Marshalls, the national off-price apparel retailer, signed a 10-year, $4.2 mil lease for a 27.2k sf ($1.29/sf/mo) store, which opened last month, at the Uptown & Country Village Shopping Center. The center, located at 60-160 ...
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• SoCal Retail Briefs
11/26/03
HAWTHORNE (Los Angeles County): Regency Centers of Jacksonville, FL sold a drugstore site at the NE corner of Rosecrans and Inglewood Avenues. The purchase price for the 71.1k sf parcel was $6.4 mil ($90/sf for the dirt). Sen...
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• Serramonte Goes Feng Shui
11/25/03
The latest designs aimed at creating a holistic shopping experience for the shopping community were unveiled last week at Serramonte Center, an 865k sf mall at 3 Serramonte Center in Daly City. The $3.5 mil interior redevelo...
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• New 500k sf Development to Give Riverside a Downtown Feel
11/24/03
The Kenney Company, out of Newport Beach, has begun construction on an exciting new retail development in the city of Riverside, called Riverside Plaza, which is designed to evoke a “suburban downtown” feel. Located at Centra...
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• California Retail Notes
11/21/03
CHULA VISTA (San Diego County): Sudberry Properties has completed construction of Eastlake Village Marketplace, a 410k sf shopping center at the corner of Otay Lakes Rd and EastLake Pkwy in Chula Vista. Although the grand ope...
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• Downtown San Diego Retail Market Surpasses 3 msf of Space
11/20/03
A new downtown San Diego retail report by Burnham Real Estate shows that the market has grown to include over 3 msf of retail space – a number that will continue to increase over the next several years as blocks of new reside...
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• Central Orange County Retail Sales Whoppers
11/19/03
In Anaheim, Stone Creek Retail Investments LLC, sold the 16.7k sf shopping center on 1.71 acres at 1159-1189 North Euclid Avenue for $2.85 mil, or roughly $171/sf.
Stone Creek Plaza has only nine tenants with flexible unit s...
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• Red Mountain Buys CopperWood in Citrus Heights
11/18/03
Santa Ana-based Red Mountain Retail Group Inc purchased Copperwood Square
Shopping Center, a 139k sf shopping center in the Citrus Heights area of Sacramento. It is the SoCal-based investment group's first purchase in the Sac...
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