Thursday, January 9, 2025
Read the Digital Magazines
Subscribe

California

Bridgepointe Shopping Center
CaliforniaInvestment salesNews

JLL Brokers $127 Million Sale of Shopping Center in San Mateo, California

by Abby Cox

San Mateo, Calif. — JLL Capital Markets has brokered the $127 million sale of Bridgepointe Shopping Center in San Mateo, roughly 20 miles south of San Francisco. Originally developed in 1988 and renovated in 2023, the 231,700-square-foot property spans 23.7 acres. Tenants at the center, which was fully leased at the time of sale, include Ross Dress for Less, Marshalls, Nordstrom Rack, Total Wine & More, Chick-fil-A, Five Below and The Container Store. Eric Kathrein, Daniel Tyner, Geoff Tranchina, Greg Lvovich, Warren McClean and Danny Finkle of JLL Capital Markets …

Continue Reading
0 FacebookTwitterLinkedinEmail
Home Ranch Commons
CaliforniaDevelopmentMixed-useNews

IPA Arranges $34.6 Million Sale of Mixed-Use Property in Metro Los Angeles

by Abby Cox

Yorba Linda, Calif — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the $34.6 million sale of Home Ranch Commons, a 60,737-square-foot mixed-use medical and retail center located in Yorba Linda. UCI Health and Kiddie Academy anchor the property, which was built in 1984 and renovated in 2018. Other tenants at the center include Blue Agave, YL Family Chiropractic, Bodhi Leaf Trading Co., The Coder School and Torkian Aesthetic Center. Greenbridge Partners sold the property to Optimus Properties. Mark DeGiorgio, Jose Carrazana and Patrick Toomey of …

Continue Reading
0 FacebookTwitterLinkedinEmail
CaliforniaDevelopmentFinanceNews

BWE Secures $20 Bridge Loan for Outparcel Redevelopment in Merced, California

by Abby Cox

Merced, Calif. — BWE has secured a $20 million bridge loan to finance the redevelopment of an outparcel adjacent to Marketplace at Merced in Merced. Sears formerly occupied the 85,000-square-foot property. The project will include a complete interior renovation, as well as the addition of two pad sites totaling 6,164 square feet. The redevelopment was fully preleased at the time of financing. Tenants at the property will include Ulta Beauty, Five Below, Petco, Rack Room Shoes and Burlington Coat Factory. Mike Guterman of BWE arranged the 30-month loan on behalf …

Continue Reading
0 FacebookTwitterLinkedinEmail
CaliforniaInvestment salesNewsRestaurants

Valore Ventures Sells 3,895-Square-Foot Restaurant Property in Fontana, California

by Abby Cox

Fontana, Calif. — Valore Ventures has sold a 3,895-square-foot single-tenant restaurant property in the Los Angeles suburb of Fontana. McDonald’s occupies the property on a 20-year ground lease. Construction of the building was completed in December 2024. Matthew Mousavi and Patrick Luther of SRS Real Estate Partners represented Valore Ventures in the transaction. Joe Linkogle of Marcus & Millichap represented the buyer, a private trust.

Continue Reading
0 FacebookTwitterLinkedinEmail
CaliforniaInvestment salesNewsRestaurants

Progressive Arranges $2.5 Million Sale of Restaurant Building in Montclair, California

by Abby Cox

Montclair, Calif. — Progressive Real Estate Partners has arranged the $2.5 million sale of a restaurant building located in Montclair, roughly 35 miles east of downtown Los Angeles. Built in 1981, the 6,200-square-foot property was previously occupied by Red Lobster, which closed in 2024. The building is situated on an outparcel of Montclair Place, a 1.2 million-square-foot shopping center. Paul Galmarini of Progressive and Jereme Snyder of Colliers represented the seller, a private investor, in the transaction. Cristina Hsiech of SVN represented the undisclosed local buyer, which plans to renovate …

Continue Reading
0 FacebookTwitterLinkedinEmail
CaliforniaInvestment salesNews

Cohen & Steers, Sterling Acquire 231,700-Square-Foot Retail Center in San Mateo, California

by Hayden Spiess

San Mateo, Calif. — Cohen & Steers Income Opportunities REIT (CNSREIT) and Sterling Organization have acquired Bridgepointe Shopping Center, a 231,700-square-foot retail center in San Mateo. Tenants at the property, which was fully leased at the time of sale, include Total Wine & More, Nordstrom Rack, Ross Dress for Less and Marshalls. This marks the third joint-venture acquisition for CNSREIT and Sterling. 

Continue Reading
0 FacebookTwitterLinkedinEmail
CaliforniaCompany newsFloridaLeasingNewsRestaurants

Sip Fresh to Open New Stores in California, Florida

by Hayden Spiess

Temecula, Calif. and Orlando, Fla. — Beverage concept Sip Fresh has announced plans to open stores in Temecula, California, and Orlando, Florida. Situated within Promenade Temecula, the new venue is scheduled to open in early 2025. Franchisee Kevin Tam will own and operate the unit. The Florida store will be located within Florida Mall. Each store will total roughly 1,200 square feet. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Petaluma-Town-Plaza_San-Francisco
CaliforniaInvestment salesNews

JLL Arranges $7.3 Million Sale of Petaluma Town Plaza in San Francisco

by Hayden Spiess

San Francisco — JLL Capital Markets has arranged the $7.3 million sale of Petaluma Town Plaza, a 27,000-square-foot retail center located in San Francisco. Tenants at the center, which was 64 percent leased at the time of sale, include FedEx, Sherwin-Williams, St. Joseph Health, Posh Nails and SalonCentric. Warren McClean and Eric Kathrein of JLL represented the undisclosed private seller in the transaction. Crow Holdings Capital was the buyer.

Continue Reading
0 FacebookTwitterLinkedinEmail
The-Commons-Aliso-Viejo-CA
CaliforniaDevelopmentMixed-useNews

ValueRock Realty Opens 21-Acre Mixed-Use Project in Aliso Viejo, California

by Hayden Spiess

Aliso Viejo, Calif. — ValueRock Realty has completed the first phase of The Commons — a 21-acre mixed-use development in Aliso Viejo — with the grand opening held on Dec. 14. The project is a redevelopment of a 200,000-square-foot vacant former Lowe’s property.  In addition to 200,000 square feet of retail space, The Commons will include a proposed 343-unit residential community. Retail tenants at the project include Tesla, 99 Ranch Market, Daiso and Philz Coffee, all of which are scheduled to open by the end of the year. Additional tenants, including Bowlero …

Continue Reading
0 FacebookTwitterLinkedinEmail
River-Street-Marketplace_San-Juan-Capistrano-Calif
CaliforniaDevelopmentNews

ALMQUIST Opens $70 Million River Street Marketplace in San Juan Capistrano, California

by Hayden Spiess

San Juan Capistrano, Calif. —ALMQUIST has opened River Street Marketplace, a new, $70 million retail development located in San Juan Capistrano, roughly 55 miles southeast of Los Angeles. Almost all of the property’s 30 tenants have opened, with the additional openings scheduled for the coming weeks.  Retailers and restaurants at the center — which totals 60,000 square feet — include Free People, Shop Common Thread, Tecovas, Fermentation Farm, Finca, Wildfire Mercantile, La Vaquera, Seager, Pick Me Flowers, May Martin, Mendocino Farms, Toes on the Nose, Salt Optics, CAPO Leisure House, Studio …

Continue Reading
1 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts