Inglewood, Calif. — George Smith Partners has secured the $34 million refinancing of Crenshaw Imperial Plaza, a 305,000-square-foot mixed-use center located roughly 12 miles outside Los Angeles in Inglewood.
Oakland, Calif. — A joint venture between Western Avenue Capital and Northstar Enterprise Opportunity Fund I LP has acquired Foothill Square Shopping Center, a 120,000-square-foot retail center located in Oakland.
Orange, Calif. — Paragon Commercial Group LLC has acquired Rusty Leaf Plaza, a 60,294-square-foot shopping center located roughly 30 miles outside Los Angeles in Orange.
Santee, Calif. — Pacific Castle has completed the disposition of Santee Town Center, a 120,000-square-foot shopping center located roughly 18 miles outside San Diego in Santee.
Los Alamitos, Calif. — A joint venture between Lincoln Property Co. and Long Wharf Real Estate Partners LLC is set to begin construction on Village 605, a 113,880-square-foot shopping center located roughly 23 miles outside Los Angeles in Los Alamitos.
Laguna Beach, Calif. — Marcus & Millichap has arranged the $19.7 million sale of a 34,478-square-foot Gelson’s Market located along the Pacific Coast Highway in Laguna Beach.
Sacramento, Calif. — CBRE has arranged the $42.1 million sale of Southgate Plaza, a 339,369-square-foot shopping center located in Sacramento, to NewMark Merrill Cos. LLC.
Rancho Cucamonga, Calif. — Cohen Financial has secured an $8.9 million loan for Town Center Square, a 60,553-square-foot shopping center located roughly 40 miles outside downtown Los Angeles in Rancho Cucamonga.
San Diego, Calif. — San Diego-based OliverMcMillan has named Michael O’Hanlon COO and promoted two executives.
Buena Park, Calif. — M+D Properties will open the 400,000-square-foot retail and entertainment component of The Source, a 600,000-square-foot mixed-use development located in Buena Park, early next year.