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November 29, 2023
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RETAIL HEADLINES
Commercial Real Estate Financing Briefs
11/28/23
Recent transactions from CBRE Capital Markets, JLL Capital Markets and Gantry

SoCal Dutch Bros Building Sells for $2,737/sf
11/27/23
Private investor pays $2.6 mil for newly constructed, NNN-leased property in Escondido



Arizona Retail Center Trades in $8 Mil Deal
11/27/23
Crow Holdings Capital buys 34k sf Shops at Sossaman in Mesa

Houston Grocery-Anchored Center Gets New Owner
11/20/23
Deal is for 156k sf Shoppes at Kingsgate in Houston

Bay Area El Pollo Loco Goes for $1,269/sf
11/16/23
2.6k sf asset is in San Rafael

Two AZ Power Centers Land $88 Mil in Financing
11/16/23
CBRE arranges money on assets in Gilbert and Scottsdale

Waterfront Redevelopment Opportunity Listed in Downtown Long Beach
11/15/23
4.73-acre site is part of the Golden Shore masterplan

First Retail Tenants at New Hollywood Park Mixed-Use Campus Project Have Opened their Doors
11/14/23
Upon build-out, 300-acre development expected to offer 2,500 residences, a 300-room hotel, up to 890k sf of retail and up to 5 msf of creative office space

Petaluma Retail Center Lands $9.5 Mil Refi Loan
11/10/23
Gantry arranges money of 101k sf Plaza North Shopping Center

Demolition of The Yardstick Site Presents Prime Redevelopment Opportunity in Downtown Salt Lake City
11/09/23
Urban site of 0.6 acres anticipated for potential new mixed-use development

Encinitas Office/Retail Building Sells for $1,800/sf
11/09/23
1.5k sf property is walking distance to Moonlight Beach

New Construction Pad Building at Palm Desert Shopping Center Sells for $755/sf
11/08/23
Multi-tenant structure at Monterey Crossing fetches $6.34 mil

Bacchus Management Group to Open New Restaurant at 220 Park Project Nearing Completion in Downtown Burlingame
11/07/23
Restaurant will occupy 8k sf historic Burlingame Post Office space being integrated into the new building

Investor Pays $2.7 Mil for Vacant Big Lots Store in Fontana
11/03/23
Building was part of a 20-store Big Lots portfolio acquired earlier this year by Red Mountain Group

San Gabriel Shopping Center Purchased for $10 Mil by 1031 Exchange Investor
11/03/23
Las Tunas Plaza goes for $571/sf

Encinitas Retail Center Acquired in $26 Mil Transaction
11/01/23
60k sf Rancho Santa Plaza goes for $430/sf

Retail Building in Rancho Cucamonga Sells for $349/sf
11/01/23
22k sf property occupied by nine tenants

Mexican Restaurant Property in Ontario Goes for $845/sf
10/27/23
5.5k sf Culichi Town building is an outparcel at Ontario Mills Mall

Exchange Investor’s Car Wash Buy is Pure BLISS
10/31/23
Valencia ground lease trade goes for $3.72 mil

Newmark Merrill Companies Opens New 96k sf Retail Center in the Inland Empire
10/30/23
Rialto Village is already 100% leased to Sprouts, Burlington and In-N-Out, among others

L.A. County Retail Vacancies Hit All-Time High of 18.2 msf
10/26/23
NAI Capital Commercial third quarter 2023 snapshot of the market suggests downturn is slowing

Sperry Equities Buys 95k sf Retail Center in Phoenix
10/25/23
Deal is for 86% occupied North Mountain Village

AZ Retail Property Goes for $620/sf
10/25/23
Three-tenant asset is part of Arrival at Cadence shopping center in Mesa

 


 


 


 
 





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