Fairfield, Calif. — Sterling Organization has acquired Raley’s Plaza, a 95,441-square-foot shopping center located approximately 40 miles northeast of downtown San Francisco in Fairfield, for $22.8 million.
Oceanside, Calif. — InvenTrust Properties Corp. has acquired Old Grove Marketplace, an 81,279-square-foot shopping center located in the San Diego suburb of Oceanside, for $23.3 million.
Los Banos, Calif. — CBRE’s National Retail Investment Group – West has arranged the sale of Shops at Stonecreek Plaza, a retail strip center located in Los Banos.
Banning, Calif. — Marinita Development Co. has completed the development of a retail building at Sun Lakes Village Shopping Center in Banning, California.
Irvine, Calif. — Lincoln Property Co. and Alcion Ventures have announced eight chef-driven tenants to open at Trade Food Hall in Irvine.
Laguna Hills, Calif. — C.W. Driver Cos. has broken ground on Five Lagunas, a rebranding and renovation of Laguna Hills Mall in the Orange County city of Laguna Hills.
Corte Madera, Calif. — New York Life Real Estate Investors has provided a $225 million, 12-year mortgage loan for The Village at Corte Madera, a 460,000-square-foot regional mall located in Corte Madera.
Yorba Linda, Calif. — A Beverly Hills-based investment group has acquired Home Ranch Center, a 54,169-square-foot shopping center located in the Orange County community of Yorba Linda.
Santa Monica, Calif. — Kennedy Wilson has arranged the $16 million sale of a 23,500-square-foot retail and multifamily property located at the corner of 11th Street and Wilshire Boulevard in Santa Monica.
Murrieta, Calif. — Coldwell Banker Commercial Advisors has arranged the $4.7 million sale of a 16,708-square-foot Rite Aid property located in Murrieta.