San Bruno, Calif. — QIC, one of the largest institutional investment managers in Australia, has acquired the Shops at Tanforan in the San Francisco Bay Area suburb of San Bruno for $174 million.
Carlsbad, Calif. — Linwood Ventures’ La Costa Towne Center, a 123,000-square-foot shopping center located in Carlsbad, is undergoing a $15 million renovation and being renamed The Beacon La Costa.
Riverside, Calif. — Faris Lee Investments has arranged the $13 million sale of Tyler Village, a 91,498-square-foot neighborhood retail center located in Riverside.
San Diego — Dolce Pane e Vino will open a 5,126-square-foot location at The Village at Pacific Highlands Ranch, a 160,000-square-foot mixed-use development located in the North County Carmel Valley area of San Diego.
Napa, Calif. — A joint venture between Madison Marquette and Carlin Co. has arranged the recapitalization of Oxbow Public Market, a 30,000-square-foot shopping center located in Napa.
Westminster, Calif. — NorthMarq Capital has secured $4.5 million in refinancing for Palm Court Plaza, a 29,000-square-foot retail property located in Westminster.
Indianapolis — Indianapolis-based Simon Property Group continues to add to its significant retail portfolio with the opening of two new projects: Gloucester Premium Outlets in Gloucester Township, New Jersey, and the expansion of San Francisco Premium Outlets.
Baker and Highland, Calif. — Progressive Real Estate Partners has arranged the $4.5 million sale of two single-tenant, triple-net leased Burger King drive through locations in the Inland Empire cities of Baker and Highland.
Woodland Hills, Calif. — Venture West Funding Inc. has arranged a $10.2 million loan for the refinance of Pride Center, a 185,265-square-foot shopping center located in Woodland Hills.
City of Industry, Calif. — Lee & Associates has arranged the sale of Puente Hills East, a 195,063-square-foot shopping center located in City of Industry, for $36.7 million.