San Diego — San Diego-based Zephyr has sold The Block, a 60,000-square-foot mixed-use site currently under development on Broadway in San Diego, to Vancouver, Canada-based Bosa Development.
Temecula and Novato, Calif. — A real estate fund managed by Ares Management, in partnership with Citivest Commercial Investments LLC, has acquired two shopping centers located in Temecula and Novato, California.
Santa Ana, Calif. — CBRE has arranged the $31.8 million sale of McCalla Centre, a 110,620-square-foot shopping center located in Santa Ana.
Palm Desert, Calif. — Hanley Investment Group has arranged the sale of a single-tenant Bank of America corporate ground lease in Palm Desert.
Los Angeles — Chanel S.A., a Paris-based fragrance and fashion house, has purchased its 11,500-square-foot store at 400 N. Rodeo Drive in Beverly Hills for $152 million.
Los Angeles — Starting in March, the historic Century Plaza Hotel in Los Angeles will temporarily close to make way for a $2.5 billion redevelopment of the hotel and surrounding area.
Mission Viejo, Calif. — NorthMarq capital has arranged $9.8 million in acquisition financing for Los Alisos Village, a 31,401-square-foot retail center located in Mission Viejo.
Panorama City, Calif. — Primestor Development Inc. has acquired Panorama Mall, a 315,000-square-foot retail center located in Panorama City, from Macerich Co. in an off-market transaction valued at approximately $100 million.
Buellton, Calif. — CBRE has arranged six leases at Crossroads at Buellton Village, a 52,628-square-foot shopping center located in Buellton.
Redlands, Calif. — Majestic Realty Retail, a division of Majestic Realty Co., has announced the grand opening of Mountain Grove at Citrus Plaza, a 67-acre retail and entertainment shopping center in Redlands.