Property Type

M+D Properties to Open 400,000 SF Retail and Entertainment Complex in The Source Mixed-Use Development in Buena Park

by Nellie Day November 18, 2016

BUENA PARK, CALIF. — M+D Properties will open the 400,000-square-foot retail and entertainment component of The Source, a 600,000-square-foot mixed-use development located in Buena Park, early next year. CGV Cinemas anchors the retail component of the development, which will feature tenants including OOAK Kitchen, Samgeori Butchers Pork Charcuterie, Olympus Screen Golf & Bar, Copley and HoneyMee. Upon completion, the property will also feature a 60,000-square-foot, Class A office building and a four-star Hilton Hotel. JLL’s Jay Nugent and Naomi Rizkowsky have been retained to handle leasing for the office component.

November 18, 2016

California Multifamily Seniors Housing Western

Ray Stone Acquires 102-Unit Independent Living Community in Redding

by Nellie Day November 18, 2016

REDDING, CALIF. — Ray Stone Inc. has acquired River Oaks Retirement Community, a 102-unit independent living community in Redding, approximately 160 miles north of Sacramento. The price was not disclosed. Ray Stone will rebrand the community as River Commons and add it to the Ray Stone Senior Living Portfolio. River Commons was built in 1986 by the Rogers family, which operated the community until the sale. The community featured a stabilized occupancy over 94 percent. The bulk of the apartments have been renovated within two years. Ray Stone, a Sacramento-based investment and management firm, plans to implement $400,000 in aesthetic upgrades during the first two years of ownership. Jason Punzell of Senior Living Investment Brokerage represented the seller, Hartnell Associates, in the transaction.

November 18, 2016

California Retail Western

CBRE Negotiates $8M Sale of Restaurant Property in Hollywood

by Nellie Day November 18, 2016

HOLLYWOOD, CALIF. — CBRE has arranged the sale a restaurant property located at 7001 Santa Monica Blvd. in Hollywood. A private real estate investor and developer acquired the asset from a private family trust for $8 million. The half-acre site features a 5,410-square-foot restaurant occupied by Shakey’s Pizza Parlor. Alex Kozakov, Patrick Wade and Fred Aframian of CBRE represented the seller and the buyers in the deal.

November 18, 2016

California Retail Western

Cushman & Wakefield Negotiates Sale-Leaseback of Chuze Fitness Property in Metro San Diego

by Nellie Day November 18, 2016

SANTEE, CALIF. — Cushman & Wakefield has negotiated the sale-leaseback of a 21,500-square-foot property occupied by Chuze Fitness in the San Diego suburb of Santee. The price was not disclosed. Paragon Properties acquired the property, located within Santee Town Center, from Chuze Fitness. Chad Lafrate and Kevin Held of Cushman & Wakefield represented Chuze Fitness in both the sale and lease transactions.

November 18, 2016

California Retail Western

GLL Completes Repositioning of Retail Center in Del Mar

by Nellie Day November 18, 2016

DEL MAR, CALIF. — GLL Real Estate Partners’ Del Mar Plaza has reached 90 percent occupancy following a joint repositioning effort with JLL. The 74,631-square-foot open-air center is located at 1555 Camino Del Mar in Del Mar. New tenants include Salon Republic, Union Bank, Del Mar Rendezvous, Momma’s Medi Spa, Del Mar Nails, PS Platinum, Kitchell Development and Fine Magazine. Each new tenant is slated to open by summer 2017. Craig Killman and Corinna Gattasso of JLL are handling leasing at the center.

November 18, 2016