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• May 21, 2003 - Blue Light Special
5/21/03
The Home Depot beat out rival Lowe's Home Improvement as well as Wal-Mart to take over an abandoned Super Kmart site in East Oakland. The Atlanta-based retail chain bought the 17.8-acre site at 4000 Alameda Ave, just off I-88...
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• Golfsmith Tees Off in the South Bay
5/20/03
Continental Development Corporation, one of Southern California's premier commercial developers, late last month announced that they signed Golfsmith International for a 13k sf space at Continental Park, the massive commercia...
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• M&H Putting $675 Mil Worth of Markets on the Market
5/19/03
We're going to pass on a couple of notes about some California shopping centers on the market, or about to hit the market, courtesy of Real Estate Alert. The latest edition of the Alert reports that M&H Realty Partners, a SF-...
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• Retail Notes
5/17/03
ANAHEIM (Orange County) – 98 Cents Discount Store has inked a 10-year lease for a 9.6k sf store in the Euclid Shopping Center, at 1618 W. Katella Ave, at the corner with Euclid St. The value of the transaction was not disclos...
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• Passco Doesn't Pass Up Record Setting $148 Mil Buy of Puente Hills Mall
5/16/03
Passco, a Santa Ana-based real estate investment firm, has purchased the majority of the 1.2 msf Puente Hills Mall in what is reported to be the largest tenant-in-common transaction in history, valued at $148 mil. The unusual...
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• Pasadena Retail Acquisition is Furst Rate
5/14/03
A 27.8k sf retail property at 603-605 South Lake Ave in Pasadena was sold for $6.5 mil ($234/sf). Consisting of two free-standing buildings of 23.3k sf and 4.5k sf, the property was purchased as a fully leased investment. Wil...
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• May 13, 2003 - Spring Sales
5/13/03
With many parts of Northern California still under-stored due to a shortage of development sites, the uncertain consumer economy has not particularly dampened investor interest in local retail properties. Following the previo...
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• Del Amo Fashion Center to Become a Mills Mall
5/12/03
Del Amo Fashion Center, SoCal's largest mall, is about to trade hands. According to the latest edition of Real Estate Alert, Arlington, VA-based Mills Corp has secured the winning bid for the massive 3 msf regional center, th...
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• San Jose Seller Hoping Buyers Willing to Spend More for Parkmoor
5/08/03
One Silicon Valley retail property has sold to a Georgia developer and another has gone on the block. Forum Development Group agreed to pay $48 mil for the troubled Sunnyvale Town Center, with plans to turn the 35-acre site i...
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• Genesis Performs in $34 Mil Deal at SouthBay Pavilion
5/07/03
Newport Beach-based Hopkins Real Estate Group (HREG) has wrapped up a major SoCal retail buy, reportedly paying just over $34 mil for a major chunk of SouthBay Pavilion, a 937.7k sf regional mall on 71 acres at the southeast ...
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• May 6, 2003 - Retail Briefs
5/06/03
NORCO (San Bernardino County) - A vacant Home Base/Home to Home property was sold for $6.4 mil. The site is located at 200 Hidden Valley Pkwy in Norco. Alan Kreuger and Mike Lawrence of Marcus & Millichap represented the unna...
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• Hopkins Grabs Santa Clarita Site for Neighborhood Shopping Center
5/05/03
Newport Beach-based Hopkins Real Estate Group purchased four acres of land in Santa Clarita for $2 mil ($11.50/sf). Hopkins intends to build a 45k sf neighborhood shopping center on the site, located at the southwest corner o...
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• Top Dog to get Top Exposure at Oakland's City Center
5/02/03
We've been so busy reporting a number of recent office deals at Shorenstein Company's new 555 City Center high-rise in Oakland over the past few months, that we've not had the opportunity to mention a trio of new retail tenan...
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• Retail Portion of New Bay Area Project on the Market for $28.5 Mil
4/30/03
A pair of Marcus & Millichap brokers nabbed the listing for a notable Bay Area retail center, that being the 98.5k sf retail portion of the newly constructed Ocean View Village in San Francisco. Located at 3995 Alemany Blvd, ...
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• April 29, 2003 - Coreland is Scorin' With Retail Deals around SoCal
4/29/03
Retail continues to remain somewhat strong throughout SoCal, a fact that plays well into the hand of Coreland Companies, a real estate services firm out of Tustin that's been servicing quite a few retail clients of late, enou...
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• April 25, 2003- Albertsons/Sav-on Combo Store Opens Adjacent to City Park
4/25/03
Situated on Bonita Avenue in the heart of the downtown village, between Walnut and San Dimas Avenues in San Dimas, Calif., Marketplace Properties is developing San Dimas Town Center in conjunction with the city's redevelopmen...
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• Retail Briefs
4/24/03
LOS ANGELES (Los Angeles County) - In a major retail lease that the whole region was waiting on, Ralphs Grocery has finally signed a lease with CIM Group for the grocer to occupy a 50k sf supermarket for 20 years on 9th Stree...
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• Bellfower Firm Makes $7 Mil Geovestment in Hesperia Center
4/22/03
Here's an update about a trio of interesting SoCal retail investments, in the cities of Diamond Bar, Poway and Hesperia. We'll begin with the Poway deal, as a Barbados-based corporation called Southwest Properties Ltd paid $1...
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• Combined Properties Pays $11 Mil for San Gabriel Valley Center
4/21/03
Combined Properties paid $11 mil for La Verne West Shopping Center, a 65k sf ($169/sf) neighborhood center at the corner of Foothill Blvd and Wheeler Ave in La Verne. The 30-year-old center was sold by a Wohl Investments-led ...
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• Retail Briefs
4/17/03
LAKEWOOD (Los Angeles County) – Lakewood Dental Group paid $2.5 mil for a 16.6k sf ($151/sf) retail center at 4346 South Street, east of Lakewood Blvd. The center represents the third office for Lakewood Dental, which had bee...
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