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Dill Dinkers
CaliforniaDevelopmentNews

Dill Dinkers Signs 10-Unit Franchise Agreement in Fresno, California

by Abby Cox

Fresno, Calif. — Columbia, Maryland-based pickleball concept Dill Dinkers has signed a franchise agreement to open 10 new venues in the Central Valley region of California. Entrepreneurs Bill Revilla and Georgia Revilla will own and operate the locations, which will offer several indoor pickleball courts separated by fences, as well as event space, a ball machine and a reservation system for guests. Founded in 2022, Dill Dinkers currently has nine operating locations in the United States and more than 380 locations under development across Texas, Washington, D.C., North Carolina, Connecticut, South …

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PSRS-Retail-San-Diego-CA
CaliforniaFinanceNews

PSRS Arranges $6.7 Million Refinancing for Retail Center in San Diego

by Abby Cox

San Diego — PSRS has arranged $6.7 million in refinancing for a 65,000-square-foot shopping center located in San Diego. The two-building multi-tenant property is occupied by Smart & Final, AutoZone and Big 5 Sporting Goods. Additionally, Burger King occupies a drive-thru restaurant pad site on a ground lease. Trevan Swierczewski and Alexander Santulis of PSRS secured the nonrecourse loan that was structured with a 15-year term and 15-year amortization.

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Starbucks Cafe
CaliforniaInvestment salesNews

Hanley Investment Group Arranges $3.7 Million Sale of Retail Property in Santa Barbara, California

by Abby Cox

Santa Barbara, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $3.7 million sale of a single-tenant retail property located at 402 N. Milpas St. in Santa Barbara. Starbucks Coffee occupies the 2,149-square-foot building, which opened in April, and features the company’s new café-only prototype design. Sean Cox and Bill Asher of Hanley Investment Group represented the seller, a Los Angeles-based developer, while the buyer, a San Francisco-based 1031 exchange investor, represented itself.

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57990 29 Palms Highway
CaliforniaInvestment salesNews

Progressive Real Estate Brokers $1.9 Million Sale of Retail Property in Southern California

by Abby Cox

Yucca Valley, Calif. — Progressive Real Estate Partners has brokered the $1.9 million sale of a multi-tenant retail building located at 57990 29 Palms Highway in Yucca Valley. The 13,593-square-foot property was fully leased to three tenants at the time of sale including Crazy Bargains, Luxury Nail Spa and No Limits Boutique. The building is situated within a Stater Bros.-anchored retail center, which features a mix of other tenants such as Dollar Tree, Tractor Supply Co. and Harbor Freight. Lance Mordachini of Progressive represented the seller, a Los Angeles County-based private …

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Long Beach Towne Center
Architecture and DesignCaliforniaEntertainmentInvestment salesNewsRestaurantsRetailers

CenterCal Properties, DRA Advisors Buy Long Beach Towne Center, Plan Redevelopment

by Abby Cox

Long Beach, Calif. — CenterCal Properties and DRA Advisors has acquired Long Beach Towne Center, with plans to redevelop the 870,000-square-foot property into a prominent retail and entertainment destination. Redevelopments will include new dining options such as chef-driven restaurants, fast-casual concepts and cafés; new retail brands; outdoor gathering areas with shaded seating, enhanced landscaping, public art and year-round programming; updated entertainment offerings with the addition of boutique fitness, wellness and family-oriented experiences; and renovated signage, lighting, pedestrian pathways and parking areas.

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One Beverly Hills
CaliforniaLeasingMixed-useNews

Cain International Announces First Three Tenants at $10 Billion One Beverly Hills Mixed-Use Development

by Abby Cox

Beverly Hills, Calif. — Cain International has announced its first retail and dining tenants at One Beverly Hills, a $10 billion mixed-use project under development in Beverly Hills. Luxury fashion brand Dolce & Gabbana, as well as restaurants Casa Tua Cucina and Los Mochis, have been confirmed as three of the first tenants within the development’s 200,000-square-foot retail district, which is planned to feature 45 shopping and dining options. Brent Habeck of Cain International led leasing efforts for the project. One Beverly Hills, a 17.5-acre “urban resort,” will be designated …

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Bernal Plaza
CaliforniaFinanceGrocery-anchoredNews

BISON Partners, PCCP Receive $29 Million in Financing for Bernal Plaza Shopping Center in San Jose, California

by Abby Cox

San Jose, Calif. — A joint venture between Southern California-based BISON Partners and PCCP has received $29 million in financing for the acquisition of Bernal Plaza, a 139,559-square-foot open-air retail center in San Jose. Lucky Supermarket anchors Bernal Plaza, which was 94 percent leased at the time of sale. Other tenants at the property include Ross Dress for Less, Staples, American Barbell Clubs, Starbucks Coffee, McDonald’s, Shell and Nick the Greek. Built in 1999, Bernal Plaza spans roughly 16 acres. Alex Olson, Todd Sugimoto, Lauren Sackler and Danny Ryan of …

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Whitney Ranch
CaliforniaDevelopmentFinanceNews

JLL Arranges $27 Million Construction Loan for 52,200-Square-Foot Retail Center Near Sacramento, California

by Abby Cox

Rocklin, Calif. — JLL Capital Markets has arranged a $27 million construction loan for the development of a 52,200-square-foot neighborhood retail center situated within the master-planned community of Whitney Ranch, roughly 22 miles northeast of Sacramento. Dubbed Whitney Ranch Retail Center, the property will include 35,000 square feet of in-line and standalone retail space, as well as five pad sites totaling 17,200 square feet. Additionally, a 43,000-square-foot Nugget Markets grocer will shadow anchor the retail center. Whitney Ranch Retail Center is currently 60 percent preleased to local, regional and national …

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Starbucks Coffee
CaliforniaInvestment salesNews

Hanley Investment Group Arranges $2.7 Million Sale of Single-Tenant Retail Property in Moreno Valley, California

by Abby Cox

Moreno Valley, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $2.7 million sale of a newly constructed, single-tenant retail property located in Moreno Valley. Starbucks Coffee occupies the 1,500-square-foot building, which is situated within the Cactus Commerce Center. The center features additional tenants such as an ARCO ampm gas station/convenience store and a Wendy’s. Bill Asher and Jeff Lefko of Hanley represented the seller, Glendale, California-based Chase Partners Ltd., in the transaction. David Kluver of Lee & Associates represented the buyer, an Orange County, California-based private investor.

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CaliforniaLeasingNews

Majestic Signs Leases with Three New Tenants at Two California Centers

by Abby Cox

Industry, Calif. and Redlands, Calif. — Majestic Realty Co. has signed leases with three new tenants across its California retail portfolio. Burlington Stores has signed a 27,692-square-foot lease at Marketplace East Shopping Center, a 204,600-square-foot power center located in the City of Industry within the San Gabriel Valley. Meanwhile, Dollar Tree has leased and opened a new 10,000-square-foot store at Citrus Plaza, a 545,000-square-foot regional lifestyle power center located in Redlands. LongHorn Steakhouse will also join Dollar Tree at Citrus Plaza, which has secured a long-term, 7,135-square-foot lease. CBRE represented Burlington, …

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