Sacramento, Calif. — CBRE has arranged the $42.1 million sale of Southgate Plaza, a 339,369-square-foot shopping center located in Sacramento, to NewMark Merrill Cos. LLC.
Rancho Cucamonga, Calif. — Cohen Financial has secured an $8.9 million loan for Town Center Square, a 60,553-square-foot shopping center located roughly 40 miles outside downtown Los Angeles in Rancho Cucamonga.
San Diego, Calif. — San Diego-based OliverMcMillan has named Michael O’Hanlon COO and promoted two executives.
Buena Park, Calif. — M+D Properties will open the 400,000-square-foot retail and entertainment component of The Source, a 600,000-square-foot mixed-use development located in Buena Park, early next year.
Santee, Calif. — Cushman & Wakefield has negotiated the sale-leaseback of a 21,500-square-foot property occupied by Chuze Fitness in the San Diego suburb of Santee.
Beverly Hills, Calif. — Sterling Organization has acquired a 4,700-square-foot retail building located east of Rodeo Drive in Beverly Hills’ Golden Triangle.
Downey, Calif. — A joint venture between Alberta Development Partners and Pacific Coast Capital Partners has completed Phase I and II of Promenade at Downey, a 656,000-square-foot shopping center and entertainment district located in Downey, roughly 12 miles outside Los Angeles.
Concord, Calif. — A joint venture between Long Market Property Partners LLC and Paragon Commercial Group LLC has acquired Shops at Todos Santos, a full city block of retail located in downtown Concord, California.
Panorama City, Calif. — Meridian Capital Group has secured a $40 million refinancing for The Plant, a 219,922-square-foot retail power center located in Panorama City.
Rancho Santa Margarita, Calif. — Faris Lee Investments has arranged the sale of Plaza El Paseo at Rancho Santa Margarita Town Center, located at the corner of El Paseo and Alma Aldea in Rancho Santa Margarita.