Irvine, Calif. — Irvine Co. is set to begin a $30 million renovation at Woodbridge Village Center, a 161,204-square-foot shopping center overlooking Woodbridge North Lake in Irvine.
Carson, Calif. — HFF has secured $83.2 million in first lien financing for South Bay Pavilion, a 1.2 million-square-foot super regional mall in the Los Angeles suburb of Carson.
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.