Retail
Avant Real Estate Buys Former Kmart-Anchored 121,000 SQFT Santa Clarita Center for $27.5MM
Nearly nine years after Kmart closed its Valencia store, a Glendale investor has bought the 80 percent occupied, 120,559-square-foot center for $27.5 million,...
Sunroad Enterprises Sells Fully Leased 24,000 SQFT Sunroad Plaza in Vista to All-Cash Institutional Buyer
Sunroad Enterprises has sold Sunroad Plaza, a fully leased 23,540-square-foot drive-thru retail center at 485 Hacienda Drive in Vista, to an all-cash institutional...
California Gold Development Buys Sprouts-Anchored 44,000 SQFT Victorville Retail Building for $9.3MM
Five bidders competed for a Sprouts-anchored building in Village Center next to Interstate 15, and the Sonora-based buyer won at $9.3 million, about...
Glendale Church Campus Eyed for 323-Unit, Six-Story Mixed-Use Complex on East Colorado Street
A six-story, 323-unit apartment and retail project would replace the United Community Church campus on East Colorado Street, adding to a downtown Glendale...
Pomona-Based Entity Buys 84,000 SQFT Santa Clarita Retail Center for $27.5MM
The 1973-built, furniture-anchored center on Valencia Boulevard traded for roughly $327 per square foot, landing just below the county's average retail sale price...
Pacific Retail, Conversant Acquire 884,000 SQFT Pacific View Mall in Ventura From Macerich
The joint venture takes control of an 884,000-square-foot coastal mall that Macerich had classified as a keeper just seven months ago, marking the...
Southern California’s Building Operations Power a $53.6BN Economy Supporting 334,000 Jobs, BOMA Study Finds
A new economic-impact study from BOMA International sizes Southern California's building-operations economy, finding that Greater Los Angeles ranks among the nation's largest markets...
Sun Lakes Village, 44,000 SQFT Grocery-Shadow-Anchored Banning Center, Hits Market at $12.65MM and 7.06% Cap Rate
A 93 percent-leased strip center in the shadow of an Albertsons on Banning's dominant retail corridor has come to market with in-place income...
Inland Empire Retail Vacancy Set to Hit 7% Despite Strong Absorption
Thin construction and steady absorption set up landlords near Ontario International Airport and south Riverside County for continued pricing power. The Inland Empire's...
Pacific Retail Venture Lists 15,000 SQFT Red Lobster, Verizon & Vitamin Shoppe Strip at Lakewood Center for $16MM
CBRE has begun marketing a fully leased, 14,600-square-foot retail strip anchored by Red Lobster, Verizon and The Vitamin Shoppe inside Lakewood Center, less...
Los Angeles Retail Vacancy Eases as New Supply Hits 19-Year Low
With retail construction at its lowest first-half level since at least 2007, Los Angeles landlords are backfilling vacated big-box space and pushing multi-tenant...
Fitness Operator Signs 15,000 SQFT Lease at Rancho Bernardo Town Center in San Diego
A gym operator signed a 15,430-square-foot lease at Rancho Bernardo Town Center in the Carmel Mountain Ranch submarket, the largest retail lease recorded...
