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CaliforniaInvestment salesNews

Hanley Brokers $3.4 Million Sale of Starbucks-Occupied Property in Visalia, California

by Hayden Spiess

Visalia, Calif. — Hanley Investment Group Real Estate Advisors has brokered the $3.4 million sale of a 2,000-square-foot single-tenant property located in Visalia. Starbucks Coffee occupies the building, which was constructed on 0.6 acres in 2023 and features a double drive-thru. Sean Cox, Alexander Moore, Bill Asher and Kevin Fryman of Hanley represented the developer and seller, Stock Five Development, in the transaction. David Mouallem of D.M. Realty Inc. represented the buyer, a Los Angeles-based private investor. 

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CaliforniaCompany newsNews

SRS Real Estate Partners Adds Retail Brokerage Team, Launches Inland Empire Office

by Hayden Spiess

Riverside, Calif. — SRS Real Estate Partners has expanded its Southern California presence with the addition of Nick Wirick as senior vice president and managing principal; Chris Beauchamp as vice president; Miranda Montgomery as senior associate; and Jessica Henderson as marketing and transaction coordinator. Based in Riverside, the team is part of SRS’ first Inland Empire office. The Wirick team has completed more than $900 million in deal volume in recent years. The team focuses on tenant and owner services primarily in the Inland Empire. The team will work alongside …

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5151-W-Pico-Blvd_Los-Angeles
CaliforniaInvestment salesNews

BOLOUR Acquires Retail Center in Los Angeles for $4.5 Million

by Hayden Spiess

Los Angeles — Bolour Associates Inc. (BOLOUR) has acquired a retail center located at 5151 W. Pico Blvd. in Los Angeles for $4.5 million. The property, which totals 7,474 square feet, was 75 percent leased at the time of sale. Tenants at the center include Domino’s Pizza and Quick & Bright Coin Laundry. BOLOUR was self-represented in the transaction. Nick Virzi of Triad Management Systems represented the undisclosed seller. 

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CaliforniaLeasingNews

Savers Value Village Signs 25,688-Square-Foot Lease at Santiago Hills Shopping Center in Southern California

by Hayden Spiess

Orange, Calif. — Savers Value Village has signed a 25,688-square-foot lease at Santiago Hills Shopping Center, a retail center located in Orange. This will mark the fifth location in the country for the chain, which operates more than 315 stores in the U.S., Canada and Australia. Terry Bortnick and Lea Clay Park of Axiom Retail Advisors represented the tenant in the lease negotiations. Bryan Norcott of Newmark represented the landlord, Pacific Properties Group. Other tenants at the property include Starbucks Coffee and Albertsons. 

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CaliforniaInvestment salesNet leaseNews

Hanley Brokers $2.9 Million Sale of Single-Tenant Property in Bakersfield, California

by Hayden Spiess

Bakersfield, Calif. — Hanley Investment Group Real Estate Advisors has brokered the $2.9 million sale of a 3,576-square-foot single-tenant property located in Bakersfield. Chase Bank occupies the building, which was constructed in 2022 on a 0.9-acre pad, on a triple-net-lease basis. Bill Asher and Jeff Lefko of Hanley represented the seller, a local private investor, in the transaction. Greg Bedell and Lance Mordachini of Progressive Real Estate Partners represented the buyer. The property is situated adjacent to a shopping center that is leased to tenants including In-Shape, PetSmart, Banfield Pet Hospital, …

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CaliforniaFinanceInvestment salesNews

Continental Realty Corp. Secures $66 Million Acquisition Financing for Shopping Center in Metro Los Angeles

by Hayden Spiess

Costa Mesa, Calif. — Continental Realty Corp. has secured a $66 million loan for the acquisition of The South Coast Collection (SOCO), a 291,977-square-foot shopping center located in Costa Mesa, roughly 40 miles outside Los Angeles. Daniel Rosenberg and Logan Petersmeyer of BWE arranged the five-year, fixed-rate financing on behalf of Continental. 

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CaliforniaFinanceGrocery-anchoredNews

Gantry Arranges $12.8 Million Refinancing for Retail Property in Southern California

by Hayden Spiess

Riverside, Calif. — Gantry has arranged a $12.8 million permanent loan for the refinancing of a 99,000-square-foot retail property located in Riverside. Stater Bros. Markets, AutoZone and Ross Dress for Less anchor the property, which is situated within the Citrus Landing shopping center. Braden Turnbull, George Mitsanas and Austin Ridge of Gantry secured the five-year financing through a life insurance company on behalf of the borrower. 

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Cast
CaliforniaLeasingNews

Nine New Tenants Join Santana Row in San Jose, California

by Hayden Spiess

San Jose, Calif. — Nine new tenants have signed leases at Santana Row, a retail center located in San Jose. Jewelry concept Cast is now open, and retailers New Balance, Evereve, Todd Snyder, [solidcore], Kohler and 7th Avenue have signed leases at the property. Restaurants Suspiro and Fitoor will also open at Santana Row early this year. Federal Realty Investment Trust is the landlord. 

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Almaden-Safeway-Center_San-Jose-Calif
CaliforniaGrocery-anchoredInvestment salesNews

JLL Arranges $20.5 Million Financing for Retail Center in San Jose, California

by Hayden Spiess

San Jose, Calif. — JLL Capital Markets has arranged a $20.5 million loan for the refinancing of Almaden Safeway Center, a 143,452-square-foot retail center in San Jose. Safeway anchors the property, which comprises three buildings situated on 11.6 acres and was fully leased at the time of financing. Other tenants at the center include JoAnn’s Fabrics, McDonald’s, T-Mobile and Savers. Bruce Ganong, Lillian Roos and Matthew Mingrone of JLL secured the ten-year, fixed-rate financing through RGA Reinsurance Co. on behalf of the borrower, Brothers International Holding Corp.

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CaliforniaDevelopmentEntertainmentNews

Disney Proposes $1.9 Billion Expansion of Disneyland Theme Park in Anaheim, California

by Hayden Spiess

Anaheim, Calif. — The Walt Disney Co. (NYSE: DIS) has proposed a $1.9 billion expansion of its Disneyland Resort and surrounding neighborhood in Anaheim, south of Los Angeles in Orange County. If approved, the various new projects would be carried out within 10 years of the approval date, with the potential for another $600 million in capital investment to follow. The proposal, known as DisneylandForward, calls for new attractions and hotels to be constructed on the west side of Disneyland Drive. In addition, the theme park’s operators are looking to add …

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