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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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• Spa Cools Down after $17 Mil Sale of Mira Mesa Center
9/23/02
Another San Diego retail center traded hands, as Carlsbad-based GMS Realty LLC paid $17 mil for Mesa Shopping Center, a 145k sf ($117/sf) retail property at 8915 – 9305 Mira Mesa Blvd, between Camino Ruiz and Black Mountain R...
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• Here are Four New SoCal Retail Investment Opportunities
9/20/02
For those of you keeping an eye out for new SoCal retail investment opportunities, the Marcus & Millichap team of Christopher Maling and David Maling just updated us on four recent listings. The first property is a Bellflower...
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• La Mesa Buyers Come to a Crossroads
9/18/02
In a La Mesa retail buy, an investment group paid $14 mil for La Mesa Crossroads shopping center, a 172.5k sf center at 7900-7968 El Cajon Blvd, south of I-8 by Baltimore Dr. Burlington Coat Factory, El Torito restaurant and ...
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• Dress for Less and Rack Up the Savings at CityPlace
9/16/02
Nordstrom Rack and Ross Dress For Less were the first of many retailers to open at CityPlace, the exciting mixed-use development from Developers Diversified Realty (DDR) that is transforming part of downtown Long Beach into a...
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• Prospects Look Good for La Jolla Retail Center
9/13/02
A Los Angeles-based investment group paid $10.3 mil for Prospect Square, a 33k sf ($312/sf) retail/office property at 1025 Prospect St, by Ocean Lane in La Jolla. Currently 95% leased, tenants include Wyland Galleries, Wentwo...
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• SoCal Retail Briefs
9/11/02
LONG BEACH (Los Angeles County) – Ernst Investment California LLC sold a 1.9k sf net leased investment property, occupied by a Taco Bell franchisee. The free-standing building is at 5385 Atlantic Ave, between Del Amo Blvd and...
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• Northridge Marketplace to Become a Promenade
9/10/02
Northridge Marketplace, a 120k sf retail center at 19510-30 Nordhoff St has traded hands at a price of $8 mil ($67/sf). The buyer, an entity called Northridge Promenade LLC, has renamed the property Northridge Promenade and p...
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