Newport Beach, Calif. — DJM has received $24.5 million in new equity from Arc Capital Partners for the recapitalization of Lido Marina Village, a 116,000-square-foot waterfront retail and office property located on the Balboa Peninsula in Newport Beach. The new
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Ceres, Calif. — Yosemite Properties has completed sale of Whitmore Plaza, a shopping center located at 2517-2617 Mitchell Road and 2908-2920 E. Whitmore Ave. in Ceres. Save Mart Portfolio Owner NLP CA LLC acquired the center from Yosemite Properties for
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Vista, Calif. — Marcus & Millichap has arranged the sale of two shopping centers in Vista, the Shops at Vista Terrace Marketplace and Santa Fe Crossroads. Ron Duong of Duong Retail Group represented the buyers in both transactions which totaled
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Lake Elsinore, Calif. — Faris Lee Investments has arranged the $22.6 million sale of Central Plaza Shopping Center in Lake Elsinore, with the $2.8 million sale of Ulta Beauty as the last piece of the break-up strategy for asset. The
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Cypress, Santa Ana and Chino Hills, Calif. — Faris Lee Investments has arranged three off-market acquisitions: Meridian Plaza, a multi-tenant retail center anchored by Dollar Tree in Cypress, a Starbucks in Santa Ana and a strip center in Chino Hills.
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Palm Springs, Calif. — Faris Lee Investments has arranged the $23.4 million sale of Gene Autry Plaza, a Smart & Final grocery-anchored property located adjacent to the Palm Springs Airport and Gene Autry Business District in Palm Springs. Don MacLellan
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Los Angeles — American Eagle Outfitters Inc. (AEO) has announced plans to open seven Aerie stores and two OFFLINE by Aerie locations at Unibail-Rodamco-Westfield centers during the second half of 2021. The new Aerie stores will open at Westfield Garden
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Newport Beach, Calif. — George Smith Partners has arranged $45.6 million in bridge financing on behalf of DJM Capital for the recapitalization of Lido Marina Village, a multi-block, waterfront retail and office property on Balboa Peninsula in Newport Beach. Lido
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Westlake Village, Calif. — Marcus & Millichap has arranged the sale of a Smart & Final grocery store located 40 miles outside Los Angeles in Westlake Village. The triple-net-leased asset sold for $22.5 million. The property totals 50,242 square feet
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La Verne, Calif. — Forward One has purchased a retail property located at 1479 Foothill Blvd. in the Los Angeles suburb of La Verne. New Jersey-based Arctrust sold the asset for $7.7 million in an off-market transaction. CVS/pharmacy anchors the
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Long Beach, Calif. — JLL Capital Markets has arranged the $4.5 million sale of a newly constructed, 1,839-square-foot retail building at 5865 E. Spring St. that is triple net leased to The Coffee Bean & Tea Leaf in Long Beach.
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Long Beach, Calif. — A joint venture between Turnbridge Equities, Waterford Property Co. and Monument Square Investment Group has acquired City Place Long Beach, a 14-acre mixed-used property in downtown Long Beach. The open-air center offers a mix of retail
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