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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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• Pasadena's Paseo soon-to-be Past History for Trizec
9/09/02
Trizec Properties has made it known for some time now that they're looking to unload their portfolio of retail properties and now they may be close to cashing out on one such property, the 410k sf Paseo Colorado, completed ab...
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• September 6, 2002- $600 Mil Mixed-Use Project No GardenWalk in the Park for Price Legacy
9/06/02
Excel Pointe Anaheim LLC, a division of San Diego-based Price Legacy, has begun construction on GardenWalk, a $600 mil mixed-use development at Harbor Blvd and Disney Way in Anaheim. Situated on about 29 acres, the project is...
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• Investors Pay $3.85 Mil for El Cajon Hacienda
9/05/02
Investors continue to shop for retail properties in San Diego County, and we've got a couple of recent deals to share with you as examples. The first transaction is in San Marcos, as Norman and Doreen Kingston paid $4.6 mil f...
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• Madison Marquette Looking to Reel in $70 Mil from Sale of Westwood Site
9/04/02
It looks like Madison Marquette is close to selling the former Bullocks/Macy site in Westwood, now known as Westwood Marketplace. According to a recent piece in the LABJ, an unidentified buyer is set to finalize a deal for t...
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• Retail Briefs: 808 Leases 3.5 in a Deal Worth 1.2
9/03/02
SAN DIEGO (San Diego County) – 808 Restaurant, which specializes in Hawaiian cuisine, inked a 10-year, $1.2 mil lease for 3.5k sf ($2.86/sf/mo) of retail space in the Aventine Restaurant Row. The building is located at 8980 U...
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• Westlake Group Makes a Pointe with $50 Mil San Mateo Buy
9/03/02
Westlake Bridgepointe LLC, an affiliate of San Mateo-based Westlake Group, purchased the majority of Bridgepointe Shopping Center, a 550k sf retail center in San Mateo. Built in 1997 on the site once occupied by Fashion Islan...
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• CT Makes Big Investment in El Centro
8/29/02
CT Realty Corp has acquired the 25-acre Valley Plaza Town Center in El Centro, CA for $9.3 mil from Alcott Estates LP, based in El Centro. CT Realty intends to invest $4 mil to redevelop the site into a vibrant, new town cent...
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• Weingarten Makes $36 Mil Buy in the Inland Empire
8/29/02
There was a major shopping center sale in Chino Hills, as Weingarten Realty Investors, the Houston, TX-based REIT, purchased Chino Hills Marketplace, a 319.6k sf retail property located at 4200 Chino Hills Pkwy. The property ...
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• Lemon Grove Fetches $2.87 Mil
8/26/02
A partnership made up of a California limited liability company and a trustee of a family trust paid $2.875 mil for Lemon Grove Gateway Shopping Center, a 28.3k sf ($102/sf) retail center at 6902-6988 Federal Blvd. the proper...
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• Great Mall of The Bay Area to Offer a Putting Zoo
8/22/02
The Great Mall of the Bay Area just inked a lease with what they hope turns out to be a great tenant, that being The Putting Edge, a Canadian-based glow-in-the dark miniature golf retailer. The firm agreed to a lease for 8.9k...
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• Divco West and SunAmerica Decide to Can Del Monte Center in Monterey
8/20/02
We've cherry-picked a couple of interesting California centers on the block from a recent edition of Real Estate Alert. One of the properties is Del Monte Center, a 628k sf open-air mall in Monterey. Owned by a partnership ma...
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• NewMark Adds $5 Mil Mark to Anaheim Town Square
8/16/02
NewMark Merrill Companies has just completed a $5 mil renovation of Anaheim Town Square, a 378k sf community center located on the Southeast corner of Lincoln Avenue and State College Boulevard in the city of Anaheim. After w...
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• Horton Hears a Gaucho Grill
8/15/02
Thinking about heading down to San Diego for a bit of summertime fun? Well, there will soon be two more restaurant choices from which to pick a good place to eat in the city, and we've got the lease info from both deals. One ...
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• New and Improved Bristol Warner Village Adds to a Revitalized Santa Ana
8/13/02
On Friday, July 19th, Bristol Warner Village, an 83.6k sf shopping center on the Southeast corner of Bristol and Warner, welcomed city officials along with other dignitaries as they cut the ribbon symbolizing a new and improv...
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• LA Investor Settles for Just the Flax
8/12/02
A distinctive 50-year-old retail store in Westwood Village recently changed hands, as an LA-based investment group paid $3.5 mil for the Flax store building at 10844-10852 Lindbrook Dr, north of Wilshire Blvd and east of West...
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• $125 Mil South LA Mixed-Use Development gets Go-Ahead from City
8/09/02
Last week, the Los Angeles Community Redevelopment Agency approved the $125 mil Marlton Square project, a mixed-use redevelopment plan for the former Santa Barbara Plaza site. The agency also agreed to its portion of a $42.2 ...
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• La Jolla Investors Fueled by Purchase of Mobil/Starbucks Property
8/09/02
Here's an update on a San Diego County retail buy, as a partnership of three individuals and a related trust paid $4.8 mil for a 1-acre corner site, occupied by a Mobil mini-mart and a Starbucks, at 130 Knoll Rd, between San ...
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• Corona Power Center to Undergo a Renaissance
8/08/02
The Corona Crossings, a yet-to-be-built power center at the northeast corner of I-15 and Cajalco Rd in Corona, has been given the new one-word name Renaissance. Bakersfield-based Castle & Cooke is the developer of the 1 msf p...
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• Santa Barbara Investor to Re-Finish Cedar Plaza
8/07/02
FCP Company, a Santa Barbara-based investment group, has acquired Cedar Plaza, a 28.5k sf mixed-use community center in Simi Valley. The retail/office property, situated on 3.2 acres of land at 1720 E. Los Angeles Ave, sold f...
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