SAN DIEGO — CBRE has arranged the $10.4 million sale of Torrey Highlands Plaza, a 14,042-square-foot retail center in San Diego. Reg Kobzi, Joel Wilson and Michael Peterson of CBRE represented the seller, Paragon affiliate TH Plaza LLC. Tim Mills of CBRE represented the buyer, Santa Monica Property Investors. At the time of sale, Torrey Highlands Plaza was fully leased to 10 tenants.
SANTA CLARITA, CALIF. — Cushman & Wakefield has brokered the sale of Canyon Square Plaza, a grocery-anchored shopping center in Santa Clarita. A private high-net worth investor acquired the property for $22.5 million. A 40,751-square-foot Vallarta Supermarkets anchors the retail property. At the time of sale, the 96,927-square-foot shopping center was 96 percent occupied by 29 tenants. Dixie Walker and Charley Simpson of Cushman & Wakefield represented the seller, a real estate..
LOS ANGELES, SAN DIEGO AND BAKERSFIELD, CALIF. — Hanley Investment Group Real Estate Advisors has completed the sales of three 7-Eleven properties in separate transactions with a combined valued of $9.1 million. In Los Angeles, a private investor acquired a two-tenant retail property, located at 1661 and 1665 S. Robertson Blvd., for $4.4 million. Built in 1977, the 4,722-square-foot property is occupied by 7-Eleven and Launderland Laundry. Jeremy McChesney of Hanley Investment represented..
LOS ANGELES — Marcus & Millichap has arranged the sale of a retail property located at 3601 W. Pico Blvd. in Los Angeles. An individual/personal trust acquired the property for $1.8 million. The property features 5,850 square feet of retail space. Steven Schechter of Marcus & Millichap represented the seller, an individual/personal trust, in the deal.
PORTERVILLE, CALIF. — Retail California has arranged three retail leases at Porter’s Crossing Shopping Center, located at the northeast corner of Henderson and Prospect avenues in Porterville, totaling 6,550 square feet. In the first deal, TOGO’S Sandwiches leased 1,400 square feet of space at Porter’s Crossing Shopping Center from Opus-Dean. Nick Frechou of Retail California and Keith Mellor of Pro Equity Real Estate Services brokered the transaction. In the second lease, The..
CORONA DEL MAR, CALIF. — MSM Global Ventures has acquired Corona del Mar Shopping Center, a 33,404-square-foot retail center in the Southern California community of Corona del Mar. The sales price was not disclosed, but the Orange County Register reports the asset sold for $23 million. The historically grocery-anchored property was anchored by discount grocer Smart and Final at the time of sale.
SAN JOSE, CALIF. — Greystar has received a $201 million loan for the development of The Reserve, a 636-unit multifamily community that will be located at 897 S. Winchester Blvd. in San Jose. The site previously housed a 216-unit community that was also branded "Reserve." Demolition of that property began in August. The Reserve will be situated within walking distance of Santana Row, a 42-acre mixed-use development that houses about 70 shops, 20 restaurants and nine spas and salons. In..
DUBLIN, CALIF. — Ross Stores has recently opened 30 Ross Dress for Less and 10 dd's Discounts stores across 22 different states in September and October. These new locations complete the company's store growth plans for fiscal 2017. (Ross added 96 new stores total in 2017.) "This fall, we continued to expand our Ross and dd's footprints across both new and existing markets, with nearly half of our Ross store openings in our newest market — the Midwest," says Jim Fassio, president and..
LOS ANGELES — An individual/personal trust has acquired a 32-unit apartment complex in North Hollywood for $4.4 million. The community is located at 6706 Cleon Ave. in the Los Angeles submarket. Janette Monfared and Jason Tuvia of Marcus & Millichap represented both the buyer and seller, an LLC, in this transaction.
LOS ANGELES — Nordstrom Inc. opened its newest Los Angeles full-line store at Westfield Century City, a re-location from Westside Pavilion. The store offers a new store design and new customer services. Also, in West Hollywood, the retailer launched Nordstrom Local, a neighborhood hub where customers can access the company's services in a central location. The three-level, 154,000-square-foot Century City store offers the fifth ‘Nordstrom x Nike’ sneaker boutique, a women's-only..