Third Street Promenade
Global Mutual Lists 21,500 SQFT Triple-Net Retail Asset on Santa Monica’s 3rd Street Promenade for $26.88MM
Three-tenant property anchored by Dodgers Clubhouse, Patagonia, and Wilson Sporting Goods trades at a 6.5 percent cap rate with assumable Morgan Stanley financing...
Santa Monica Approves $3MM Revitalization Plan for Third Street Promenade
The initiative includes zoning changes to ease restaurant openings, the elimination of a $1,000-per-seat wastewater fee, and the expansion of the city’s entertainment...
XYZ Affiliate Acquires 28,480 SQFT Former Gap Flagship at 1355 3rd Street Promenade for $16.75MM in Santa Monica
The purchase adds to XYZ’s expanding footprint along the Third Street Promenade corridor, where the tech-turned-real-estate firm has amassed roughly 368,000 square feet...
West Elm Santa Monica Property Lists for $28.2MM at Prime 4th Street Location
Newport Beach’s Jakosky Properties markets fully-leased retail asset with Williams-Sonoma guarantee through 2031 A trophy retail property in one of Southern California’s most...
Rockwood Capital’s Clock Tower Building Hits the Market as Santa Monica’s Office Reset Deepens
Owner seeks a buyer for the 55,362-square-foot landmark amid financial strain and shifting demand The commercial real estate shakeout across coastal Southern California...
Santa Monica Development Site With 226-Unit Potential Marketed in Lender-Facilitated Sale
A 0.51-acre multifamily development site at 1543-1559 7th St. in Downtown Santa Monica has been listed for lender-facilitated sale. The property, known as...
Kilroy Realty Completes Sale of 79,000 SQFT Santa Monica Office Building for $40MM
The 501 Santa Monica Boulevard property sold for $509 per square foot, marking another asset disposition in the REIT’s capital recycling strategy Kilroy...
Santa Monica Advances Landmark Affordable Housing Push Targeting Over 1,000 Units
In a move poised to reshape the city’s approach to affordable housing, the City of Santa Monica has officially declared three city-owned properties...
Long Beach Follows Santa Monica’s Lead with Downtown Entertainment Zone Approval
City Council greenlights outdoor drinking pilot program to boost economic revitalization efforts Long Beach has become the second California city to embrace a...
Santa Monica’s Entertainment Zone Soft Launches on Third Street Promenade
SANTA MONICA, Calif. (June 12, 2025) – Santa Monica’s Entertainment Zone opens with a soft launch tomorrow, June 13, creating a shared patio along Third Street...
Santa Monica Creates “Entertainment Zone” to Revitalize Struggling Third Street Promenade
Santa Monica is taking bold steps to breathe new life into its iconic shopping district by allowing public drinking in designated areas. Santa...
527,000 SQFT Santa Monica Place Gets New Management Following $300MM Default
CRE management firm is a veteran of SoCal Retail Trigild engages Prism with mandate to revive April 3, 2025 (LOS ANGELES) — Prism...
