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• Rawson, Blum & Leon Peels Old Skin off Mall of Orange
3/21/03
One of SoCal's icon shopping centers is about to undergo a major facelift, as Rawson, Blum & Leon are embarking on a $57 mil redevelopment program at the historic Mall of Orange, which is located at the 55 Fwy and 91 Fwy off ...
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• JPMorgan Fleming Makes $150 Mil Investment in Donahue Schriber
3/20/03
Donahue Schriber, the Costa Mesa-based shopping center development and management firm, received a major boost from a long-time partner, as JPMorgan Fleming Asset Management's Strategic Property Fund has invested $150 mil in ...
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• The Ultimate Retail Shopping List
3/20/03
The most recent edition of Real Estate Alert highlights a number of major retail centers in California that are currently on the block, a few of which we'll quickly mention here. We're not going to list all 12 properties in t...
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• Are You Ready for DDRJDN?
3/18/03
Developers Diversified Realty Corp (NYSE: DDR), the Cleveland, OH-based retail REIT, and JDN Realty Corporation (NYSE: JDN), an Atlanta,GA-based retail development and management firm, have completed the merger that will add ...
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• Red Mountain Makes $28 Mil Buy of National Grocery Store Sites
3/17/03
Red Mountain Retail Group, a Santa Ana-based real estate investment and development company based in Santa Ana, closed a $28 mil buy of a 700k sf, 11-shopping center portfolio. Although the official word coming down the PR pi...
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• Continental Adds Macaroni Grill to the Menu at New Atrium Office Project
3/14/03
Two credit restaurant franchises, one a casual dining restaurant and the other a fast-food chain, have inked deals for new SoCal locations. In one of the transactions, Romano's Macaroni Grill signed a $1.9 mil lease for a new...
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• March 14, 2003 - Fruitful Search
3/14/03
Sephora, the body-care retailer owned by LVMH Moët Hennessy Louis Vuitton, apparently has found a subtenant for its soon-to-be-vacated space at 1 Stockton St. According to San Francisco Business Times, Apple Computers Inc ina...
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• 1.1 msf Upland Retail Development Gets Underway
3/13/03
Construction on Colonies Crossroads, a new Inland Empire retail mega-development, is underway. Infrastructure and major street work has already been started on the $200 mil, 110-acre Upland project, with site work and grading...
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• Retail Briefs
3/12/03
VISTA (San Diego County) – Keun Choi inked a five-year, $3 mil lease for 45k sf ($1.11/sf/mo) of retail space at 1150 E. Vista Way and 1001-1021 Bobier Dr, at the intersection with Foothill Dr. We don't have any additional in...
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• NoCal Investment Group Picks Up San Marcos Retail Property
3/07/03
NoCal-based Portola Investment Group just acquired Outlet Center 78 Place, a 105.6k sf outlet center at 1050 Los Vallecitos, by San Marcos Blvd in San Marcos, for $12.2 mil ($115.50/sf). The property features 250 surface park...
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• Ontario Home Center Sells for $26 Mil
3/06/03
Two investor groups closed a major retail sale in the Inland Empire, that being Ontario Home Center, a 130k sf home furnishings center located at Ontario Mills, at the intersection of Milliken Ave and East Inland Empire Blvd....
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• Bell Tolls for Retail Investors
3/05/03
Bell Gardens Marketplace, a 159.8k sf neighborhood center at 6801 Eastern Ave, at the northeast corner with Florence Ave in the city of Bell Gardens, traded hands at a price of $13.4 mil ($84/sf). Originally built by Hopkins ...
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• Rich Development is $5.3 Mil Richer after Sale of Signal Hill Center
3/04/03
A 30k sf Signal Hill shopping center traded hands, as a Manhattan Beach family trust paid $5.3 mil ($177/sf) for Towne Centre North, a three-year-old property at the northwest corner of Cherry Ave and Willow St. Located on a ...
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• Investors Pick Up West Covina Center for $4.5 Mil
3/03/03
A pair of private investors purchased Canyon Center, a three-building, 27.9k sf retail property in the East San Gabriel Valley city of West Covina. The buyers, Joseph and Susan Liu, paid $4.51 mil ($162/sf) for the building, ...
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• Prescription for Walgreens is $9 Mil Land Lease in Sun City
2/28/03
Walgreens, the nation's largest drug store chain, has completed a $9 mil, 60-year land lease for an acre of land, with 215 Fwy visibility, at 26771 McCall Rd in the Riverside County community of Sun City. Walgreens is expecte...
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• Apollo Aims for the Stars with Major Retail Buy on LA's Westside
2/27/03
It looks like NY-based Apollo Real Estate Advisors is about to acquire a major Westside retail property, that being the Beverly Connection, a 387k sf property at 8049 West Third Street. According to Real Estate Alert, Apollo ...
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• LA Investors Come to a $40 Mil Crossroads
2/26/03
Well-located, successful urban retail centers are in high demand by investors these days, as anyone who's been following our site knows. And here's news of yet another significant sale, as Crown Realty & Development has sold ...
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• Teachers Ends Up With Bay Area Fashion Park
2/19/03
An opening offer by the lender appeared to be sufficient to claim Vallco Fashion Park, the Cupertino mall put up for auction Feb. 13 by a court-appointed trustee. New York-based Teachers Insurance and Annuity Association of A...
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• February 18, 2003- Marcus & Millichap Duo Offer Four New SoCal Retail Listings
2/18/03
For those investors looking for some new SoCal retail listings, here are four such candidates, listed by the active Marcus & Millichap duo of Christopher Maling and David Maling. Asking prices for the properties range between...
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• Pomona Center Sells for $6.35 Mil
2/13/03
Signaling the growing value of Inland Empire retail properties, a Huntington Beach private investor paid $6.35 mil for Rio Rancho Plaza, a 45k sf ($141/sf) center at the northwest corner of Garey Ave and Rio Rancho Rd in Pomo...
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