Thursday, July 17, 2025
Read the Digital Magazines
Subscribe

California

CaliforniaInvestment salesNewsRetailers

NewMark Merrill Acquires The Shops at SouthBay Pavilion in Metro Los Angeles

by Alex Tostado

Carson, Calif. — NewMark Merrill Cos. has acquired The Shops at SouthBay Pavilion in Carson. The asset spans 182,193 square feet and is situated within SouthBay Pavilion. The Shops at SouthBay were leased to tenants including Burlington, Ross Dress for Less, Sola Salons, Norms Restaurant, Chipotle, Smashburger, Jersey Mike’s, Buffalo Wild Wings and Olive Garden at the time of the sale. IKEA, Target, Cinemark Theaters and JC Penny anchor the balance of the more than 1 million-square-foot mall. SouthBay Pavilion is located at 20700 S. Avalon Blvd., 18 miles south …

Continue Reading
0 FacebookTwitterLinkedinEmail
CaliforniaCompany newsEntertainmentNews

Media Reports: Disney to Lay off 28,000 Employees at Theme Parks in California, Florida

by Alex Tostado

Burbank, Calif. — The Walt Disney Co. will lay off 28,000 employees who were previously furloughed due to the coronavirus pandemic, according to multiple media reports. Disney World in Orlando, Fla., and Disneyland in Anaheim, Calif., both closed in mid-March due to the COVID-19 outbreak. Disney’s chief financial officer Christine McCarthy said in May that for every two weeks the parks were closed, the company lost $500 million. Disney World reopened in July with limited capacity, but Disneyland remains closed under California guidelines. A timeline for reopening has not been established. …

Continue Reading
0 FacebookTwitterLinkedinEmail
CaliforniaDevelopmentNewsRetailers

Rodeo 39 Public Market in Southern California to Open in Mid-October

by Alex Tostado

Stanton, Calif. — Dan Almquist of Frontier Real Estate Investments plans to debut Rodeo 39 Public Market, a collection of eateries and retail spaces in Southern California, in mid-October. Located at 12885 Beach Blvd. in Stanton, Rodeo 39 will feature hangar doors that open up for an inside/outside setting, original artwork and murals from five different local artists and several first-to-market retail and restaurants concepts. The Rodeo 39 mix includes Banh Xeo Boys, Bearded Tang Brewery, Beleaf Burgers, Bestea, Dot & Dough, Fika Fika Creamery, Hook & Anchor, Joystix, Kra …

Continue Reading
0 FacebookTwitterLinkedinEmail
CaliforniaCompany newsDevelopmentGrocery-anchoredNews

Lewis Retail Centers Opens 105,000-Square-Foot MarketPlace at Calimesa, Implements Upgrade Plans at Existing Centers

by Alex Tostado

Calimesa, Calif. — Upland, California-based Lewis Retail Centers, part of the Lewis Group of Cos., has opened The MarketPlace at Calimesa, a shopping center located Calimesa. Stater Bros. Market anchors the 105,000-square-foot retail center. Additional tenants include Starbucks Coffee, Del Taco, Cold Stone Creamery, Jack in the Box, Modern Nails, Skin Solutions Aesthetics and Supercuts. Lewis Retail Centers has started construction on a Safeway location at Damonte Ranch Town Center in Reno, Nevada. The new 62,000-square-foot Safeway will be the third anchor of the shopping center. Other tenants include The …

Continue Reading
0 FacebookTwitterLinkedinEmail
CaliforniaInvestment salesNewsRetailers

Voit Brokers $8 Million Sale of Two Retail Properties in San Diego

by Alex Tostado

San Diego — Voit Real Estate Services has brokered the $8 million sale of two retail properties in San Diego’s Pacific Beach. The transaction includes a 3,234-square-foot property occupied by McDonald’s and a 2,329-square-foot gas station occupied by Union 76. The two parcels total 50,754 square feet of land and are located at the northeast corner of Mission Bay Drive and Garnet Avenue. Brandon Keith, Kipp Gstettenbauer and Ryan King of Voit represented the buyer, Mission Day LLC, as well as the seller, JR&C Harris.

Continue Reading
0 FacebookTwitterLinkedinEmail
CaliforniaCompany newsNewsRetailers

Year-Over-Year Online Sales for Gap Surge 95 Percent in Second Quarter

by Alex Tostado

San Francisco — Driven by a 95 percent surge in online sales, San Francisco-based Gap Inc. (NYSE: GPS) reported a 13 percent increase in its comparable sales for the fiscal second quarter, which ended Aug. 1. Gap’s decision to make face masks early on in the COVID-19 pandemic paid off, bringing in $130 million in sales, according to the company. Gap has produced face masks for individuals as well as the city of New York, the state of California and Kaiser Permanente. Net sales were down 18 percent year over …

Continue Reading
0 FacebookTwitterLinkedinEmail
CaliforniaInvestment salesNewsRetailers

Coldwell Banker Commercial Arranges $6.3 Million Sale of Walgreens-Occupied Property in Sacramento

by Alex Tostado

Sacramento, Calif. — Coldwell Banker Commercial has brokered the sale of a 14,820-square-foot retail property leased to Walgreens in Sacramento for $6.3 million. The freestanding building, constructed in 2007, anchors the Westlake Village shopping center. Dan McGue of Coldwell Banker represented the buyer, a family trust completing a 1031exchange. The seller was undisclosed.

Continue Reading
0 FacebookTwitterLinkedinEmail
ArizonaCaliforniaContent PartnersFaris Lee InvestmentsInvestment salesNewsRestaurants

Faris Lee Arranges Sale of Two Ground Leases Totaling $6.5 Million

by Alex Tostado

Irvine, Calif. — Faris Lee Investments has arranged two ground leases for $6.5 million. The first deal was for a Starbucks Coffee in Riverside, California. A private developer based in Idaho sold the ground lease for $4.3 million to an undisclosed buyer. Starbucks occupies the space with a new 20-year lease, which includes three 10-year extension options. The property is located at 1303 University Ave., near the University of California-Riverside. Don MacLellan, Rick Chichester and Phil Ramming of Irvine-based Faris Lee, along with Cypress Retail Group, represented the seller in …

Continue Reading
0 FacebookTwitterLinkedinEmail
CaliforniaCompany newsNewsRetailers

Skechers Donates 1 Million Masks in Partnership with United Way

by Alex Tostado

Manhattan Beach, Calif. — Skechers is donating 1 million masks to essential workers and communities in need. Skechers is partnering with the United Way of Greater Los Angeles and more charities across the country to deliver the masks directly to those who will most benefit. The 1 million masks, which are non-medical, triple-layer surgical style, will be donated to nonprofit organizations that typically do not receive personal protection equipment (PPE) from government institutions, with a focus on economic hardship. This includes community and public education centers, health and rehab outreach facilities, …

Continue Reading
0 FacebookTwitterLinkedinEmail
CaliforniaCompany newsInvestment salesNewsRestaurants

FAT Brands to Acquire Johnny Rockets Restaurant Chain for $25 Million

by Alex Tostado

Los Angeles — Fresh. Authentic. Tasty. (FAT) Brands has agreed to purchase the Johnny Rockets restaurant chain from an affiliate of Sun Capital Partners for $25 million. The deal will be funded through cash on hand and proceeds generated from FAT’s securitization facility. The transaction is slated to close in September. With the acquisition of Johnny Rockets, FAT Brands will have more than 700 franchised and company-owned restaurants around the globe with annual system-wide sales exceeding $700 million. Johnny Rockets was founded in 1986 with its first location on Melrose …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts