Western

FRESNO, CALIF. — Rouse Properties has acquired Fig Garden Village, a 301,459-square-foot lifestyle center in Fresno, for $106.1 million. The center is located at 5082 N. Palm Ave. Fig Garden Village is anchored by Whole Foods. Other notable tenants include Lululemon, Williams-Sonoma, J. Crew, Pottery Barn, Chicos, White House Black Market, Chipolte and Starbucks. The center was built in 1956 and renovated in 2007. It was 93.9 percent leased at the time of sale. The acquisition was financed with a new $74.2 million, non-recourse CMBS loan that features an interest rate of 4.14 percent.

NEWPORT BEACH, CALIF. — DJM Capital Partners has signed Steven Alan, a luxury clothing, home and accessories store, as the newest retailer at Lido Marina Village in Newport Beach. The 1,526-square-foot retail store is slated to open late this fall. The store will carry the designer’s line of ready-to-wear casual, smart essential for both men and women, as well as a hand-curated selection of clothing, handbags and optical from an eclectic group of emerging designers. Other tenants at the 116,000-square-foot center, which is undergoing a renovation, include Juice|Served Here, Jolie, Honor Coffee Roasters and Charlie & Me.

HESPERIA, CALIF. — Progressive Real Estate Partners has signed seven new leases, totaling 19,600 square feet, at The Marketplace on Main in Hesperia. The recently opened Walmart-anchored retail center is located at 13401 Main St. Paul Galmarini of Progressive represented the ownership, Pacific/Lewis Properties, a division of Pacific Development Group, in the following transactions: • Petco, 10,000 square feet • The Habit Burger Grill, 2,500 square feet • Pieology Pizzeria, 2,000 square feet • Yogurtland, 1,200 square feet • Metro PCS, 1,400 square feet • Great Clips, 1,200 square feet • Nail Salon, 1,300 square feet The ownership broke ground on the two-building, 24,000-square-foot retail center in April. The seven new retailers are slated to open prior to Holiday 2015. There are three retail units, ranging from 1,500 to 1,600 square feet, available at the center.