California

Miniso to Open 12,000 SF Store at Pacific Commons Shopping Center in Fremont, California

by Amy Works April 18, 2025

FREMONT, CALIF. — Miniso, a global lifestyle brand known for its trendy, high-quality and affordable products, will open its largest Bay Area store at Pacific Commons Shopping Center in Fremont. Slated to open by year’s end, the 12,000-square-foot flagship location will be situated at Boscell Road and Curie Street, next to T.J. Maxx and across the street from Costco. Phoenix-based Vestar manages Pacific Commons Shopping Center at 880 Freeway at Auto Mall Parkway. The retail center is home to more than 55 restaurants and retailers, including T.J. Maxx, Costco, Target, Nordstrom Rack and Sephora. Lynne Thier of Colliers represented Miniso in the transaction.

April 18, 2025

Acquisitions California Industrial Office Western

Pacific Coast Commercial Arranges $3.6M Sale of Office, Industrial Building in San Diego

by Amy Works April 18, 2025

SAN DIEGO — Pacific Coast Commercial has arranged the sale of an 11,700-square-foot office and industrial building located at 3341 Hancock St. in San Diego. The transaction also included two adjacent vacant parcels. Simon & Associates LLC sold the asset to SOMO Properties LLC for $3.6 million. Tommas Golia, Jason Vieira and Colton Speas of Pacific Coast Commercial represented the seller, while Trent Smith of Cushman & Wakefield represented the buyer in the transaction.

April 18, 2025

California Leasing Activity Restaurant Retail Western

Five New Tenants Join The District at Tustin Legacy Retail Center in California

by Amy Works April 17, 2025

TUSTIN, CALIF. — Five new tenants have signed leases to join The District at Tustin Legacy, a 1 million-square-foot retail center located in the Orange County city of Tustin. Jini Mini, Café 86 and The District Eatery have already opened at the property. Activate Games is scheduled to open in July, while French bakery Le Macaron is expected to open later this year. Additional tenants at the center include Whole Foods Market, Costco, Target, Lowe’s, Nothing Bundt Cakes, Ben & Jerry’s, The Winery Restaurant & Wine Bar and Pinot’s Palette.The District at Tustin Legacy is owned by a partnership between Kimco Realty Corp. and Vestar Development Co.

April 17, 2025

Acquisitions California Industrial Western

CBRE Negotiates $13.1M Sale of Industrial Portfolio in Otay Mesa, California

by Amy Works April 17, 2025

OTAY MESA, CALIF. — CBRE has negotiated the sale of an industrial portfolio in San Diego. Otay Condo LLC acquired the asset from an undisclosed seller for $13.1 million. Matt Harris and Matt Pourcho of CBRE represented the buyer in the deal. Totaling 54,636 square feet, the portfolio includes a 19,292-square-foot property at 8662 and 8580 Avenida de la Fuente and a 13,458-square-foot facility at 1641 Pacific Rim Court, as well as 10 industrial commercial condominiums ranging in size from 533 square feet to 3,714 square feet. All condos are under 5,000 square feet and most include grade-level doors and/or shared access to a dock well. Situated in South San Diego County, Calif., the portfolio offers easy access to Interstate 805 and State Route 905.

April 17, 2025

Acquisitions California Mixed-Use Multifamily Retail Western

Northmarq Brokers $12.7M Sale of The Charmer Mixed-Use Community in San Diego

by Amy Works April 17, 2025

SAN DIEGO — Northmarq has arranged the sale of The Charmer, a mixed-use community in San Diego’s Mission Hills neighborhood. Charmer LLC sold the property to Monroe Capital Real Estate Fund for $12.7 million. Built in 2011, The Charmer features 19 apartments, two live-work lofts and three commercial units. The property offers top-of-the-line interiors, abundant outdoor space with private patios and gardens, as well as amenity spaces. Tyler Sinks, Ed Rosen and John Chu of Northmarq’s San Diego Multifamily Investment Sales team represented the seller in the deal.

April 17, 2025

Acquisitions California Industrial Western

Marcus & Millichap Brokers Sale of 6,528 SF Industrial Property in Chino, California

by Amy Works April 16, 2025

CHINO, CALIF. — Marcus & Millichap has arranged the sale of an industrial property located at 14251 Fern Ave. in Chino. An individual/personal trust sold the asset to an undisclosed owner-user for $2.5 million. Built in 2006, the 6,528-square-foot standalone property features an upgraded roof. Mir Ali, Drew Wetherholt and Kevin Struve of Marcus & Millichap represented the seller and procured the buyer in the deal.

April 16, 2025

Acquisitions California Retail Western

Raceway Express Car Wash Buys 3,693 SF Foothill Express Car Wash in Fontana, California

by Amy Works April 16, 2025

FONTANA, CALIF. — Raceway Express Car Wash has acquired Foothill Express Car Wash, located at 16345 Foothill Blvd. in Fontana, for an undisclosed price. Originally built in 2018 by the seller, the property features a 3,693-square-foot building with a 120-foot tunnel and 25 vacuum stations. Alex Kogan of Beta Agency represented the seller, while Adam Indihar of Pacific Investments represented the buyer in the deal.

April 16, 2025

Acquisitions California Retail Western

Bolour Associates Acquires Retail Center in Los Angeles’ Silver Lake District for $6.5M

by Amy Works April 15, 2025

LOS ANGELES — Bolour Associates has purchased a neighborhood retail center in the Silver Lake district of Los Angeles from an undisclosed seller for $6.5 million. Located at 2829-2843 Hyperion Ave., the value-add property offers 9,884 square feet of retail space. At the time of sale, the property was 50 percent leased to a mix of tenants, including Pinkberry, Standing Egg Coffee, Cats and Dogs and The Village Vet. Bolour plans to complete both exterior capital improvements and interior tenant improvements at the center. Oron Maher of Maher Commercial Realty represented the seller in the transaction.

April 15, 2025

Acquisitions California Office Western

CBRE Brokers $6.3M Sale of Office Building in Rancho Cucamonga, California

by Amy Works April 15, 2025

RANCHO CUCAMONGA, CALIF. — CBRE has negotiated the sale of a two-story office building located at 9421 Haven Ave. in Rancho Cucamonga. A local owner-user acquired the asset from FJKC Investment LLC for $6.3 million. The 20,600-square-foot building was vacant at the time of sale. Sammy Cemo, Austin Reuland and Anthony DeLorenzo of CBRE represented the seller in the deal.

April 15, 2025

Acquisitions California Industrial Western

Dunleer Buys Two-Building Warehouse Property in Burbank, California for $5M

by Amy Works April 15, 2025

BURBANK, CALIF. — Los Angeles-based Dunleer has purchased a two-building warehouse asset, located at 3312-3314 and 3318 Burton Ave. in Burbank, from a local family for $5 million, or $283 per square foot. Chad Gahr and David Young of NAI Capital represented the buyer, while Mike Maniscalchi of Systems Real Estate represented the seller. At the time of sale, the 17,726-square-foot property was 67 percent vacant. The asset features three units and is adjacent to the Hollywood Burbank Airport.

April 15, 2025

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