Poway, Calif. — The Heritage Group has arranged the $6 million sale of Old Poway Village, a 27,453-square-foot retail and office property located in Poway.
Cincinnati — Cincinnati-based Phillips Edison Grocery Center REIT II has acquired four grocery-anchored shopping centers totaling 305,422 square feet in Colorado, Florida and California.
Culver City, Calif. — Niki Properties has sold a single-tenant, 32,873-square-foot building fully leased to Sprouts Farmers Market in Culver City to an undisclosed buyer for $23.5 million.
Chula Vista, Calif. — Interstate 5 Center LLC has acquired a 71,490-square-foot retail center located at 1008 Industrial Blvd. in Chula Vista for $8 million.
Hayward, Calif. — NorthMarq Capital has arranged the $5.68 million refinance of Schafer Park, a 38,513-square-foot retail property located in Hayward.
El Monte, Calif. — Decron Properties has sold El Monte Shopping and Automotive Center, a 473,347-square-foot automotive and retail center located in El Monte, to Merlone Geier Partners for $84.5 million.
Los Angeles — Forest City Realty Trust Inc. has started phase two of the redevelopment, preservation and adaptive re-use of the Subway Terminal Building, originally built in 1925 by Pacific Electric Railroad in Downtown Los Angeles.
Northridge, Calif. — Charles Dunn Co. has arranged the $3.9 million sale of a 6,000-square-foot single-tenant, triple-net-leased property occupied by Chase Bank in Northridge.
Woodland Hills, Calif. — Newmark Realty Capital Inc. has arranged $43.5 million in permanent financing for a 122,523-square-foot grocery-anchored shopping center located in Woodland Hills.
San Jose, Calif. — A partnership between Pacific Retail Capital Partners and Silverpeak Real Estate Partners has acquired Eastridge, a 1.4 million-square-foot super-regional mall located in San Jose for over $200 million.