Victorville, Calif. — Marcus & Millichap has arranged the $2.25 million sale of Metropolitan Plaza, a 21,208-square-foot multi-tenant retail center in Victorville.
Newark, Calif. —Rouse Properties Inc. (NYSE: RSE), a retail REIT based in New York, has closed a new $135 million first mortgage loan for NewPark Mall, a 1 million-square-foot retail property located in Newark, roughly 25 miles south of Oakland in San Francisco’s East Bay market.
Upland, Calif. — Marcus & Millichap has arranged the $7.3 million sale of Junction Route 66 Plaza, an 18,297-square-foot shopping center located in Upland.
Corona Del Mar, Calif. — Corona Del Mar-based Hanley Investment Group has arranged the sale of two retail centers totaling nearly 250,000 square feet for $13 million.
San Diego — NorthMarq Capital has arranged the $30 million refinance of Carmel Mountain Ranch Town Center, a 172,272-square-foot retail property located in San Diego.
Vallejo, Calif. — Faris Lee Investments has arranged the $4.88 million sale of a 16,500-square-foot single-tenant, triple-net lease CVS/pharmacy located in Vallejo.
Tracy, Calif. — Loja Real Estate has acquired Tracy Corners Shopping Center, an 86,943-square-foot grocery-anchored shopping center located in Tracy, for $15.25 million.
La Verne, Calif. — NorthMarq Capital has arranged the $4.4 million refinance of a shopping center located at 1400, 1410 and 1480 Foothill Blvd. in La Verne.
Cupertino, Calif. — Sand Hill Property Co. has announced plans to transform Vallco Shopping Mall into The Hills at Vallco, a mixed-use town center.
National City, Calif. — Sperry Van Ness has arranged the $2.75 million sale of a 6,000-square-foot retail building located in National City.