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Capital Pacific Arranges $9.1M Sale of Newly Constructed Retail Center in Metro Seattle

KIRKLAND, WASH. — Capital Pacific has arranged the $9.1 million sale of Totem Lake Center, a 7,600-square-foot shopping center in Kirkland, 11 miles northeast of Seattle. Capital Pacific arranged the transaction on behalf of the seller, Madison Development Group, and the buyer, a private family trust. Completed this year, Totem Lake Center is fully leased to MultiCare and Mattress Firm.

October 18, 2017

Eden Housing Starts Construction of 90-Unit Affordable Seniors Housing Community in Bay Area

FREMONT, CALIF. — Eden Housing has broken ground on Mission Court Senior Apartments, an affordable seniors housing community in the San Jose suburb of Fremont. KTGY Architecture + Planning designed the property for the nonprofit developer, which is building the community along with the City of Fremont. The 90 units are reserved for those over 62 years of age making between 30 percent and 50 percent of the area median income. The three-story building will be located in the Warm Springs..

October 18, 2017

Harry & David to Open 20 Holiday Pop-Up Stores

MEDFORD, ORE. — Harry & David will operate approximately 20 pop-up stores nationwide this holiday season, in addition to its 46 year-round retail locations. The pop-up stores will open in key market areas across the United States. Harry & David holiday pop-up stores have already begun to open and are expected to close shortly after the holiday season. The specific locations were not disclosed. Headquartered in Southern Oregon, Harry & David owns and operates 20 different..

October 18, 2017

Trader Joe’s Debuted 14 New Stores in 2017

MONROVIA, CALIF. — Trader Joe's, a Monrovia-based chain of neighborhood grocery stores, opened the last of its new locations for 2017. On Oct. 12, stores opened in Allston, Mass.; Kalamazoo, Mich.; and North Brunswick, N.J. Fourteen new locations opened this year, bringing the total number of Trader Joe's stores to 474. Other new locations include: San Francisco; West Hollywood, Calif.; San Diego; Hoboken, N.J.; Las Vegas; Brooklyn, N.Y.; Somerville, Mass.; Los Angeles; Washington, D.C.;..

October 18, 2017

Northwood Investors Buys 245,786 SF Office Building in Los Angeles for $148M

LOS ANGELES — Northwood Investors has purchased 800 Corporate Pointe, a 245,786-square-foot office building in the Los Angeles submarket of Culver City, for $148 million. The Class A building is situated off Slauson Avenue and Bristol Parkway near State Route 90. The four-story building was developed in 2007. It was 98 percent occupied at the time of sale. The LEED Gold-certified asset houses six tenants within the financial services, media, technology and engineering industries. The..

October 18, 2017

Cushman & Wakefield Arranges $22.5M Sale of Canyon Square Plaza in Santa Clarita

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..

October 17, 2017

TH Plaza Sells 14,042 SF Retail Center in San Diego for $10.4M

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.

October 17, 2017

Hanley Investment Group Completes Three 7-Eleven Deals Totaling $9.1M

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..

October 17, 2017

Marcus & Millichap Negotiates $1.8M Sale of Retail Property in LA

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.

October 17, 2017

Retail California Brokers Three Retail Leases in Porterville Totaling 6,550 SF

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..

October 17, 2017