Corona Del Mar, Calif. — Newmark Grubb Knight Frank (NGKF) has arranged the $8.36 million sale of two fully-occupied, two-story retail/office buildings totaling 11,526 square feet in Corona Del Mar.
Lake Forest, Calif. — Lake Forest-based Del Taco is set to develop 27 new locations with three groups in central California.
Fullerton, Calif. — Safeco has acquired 914 West Orangethorpe Ave., a 79,898-square-foot retail property occupied by Food 4 Less in Fullerton, for $22.5 million.
Beverly Hills, Calif. — Beverly Hills-based BIG Shopping Centers USA and RED Development have added five retail assets totaling 1.5 million square feet to their recently launched joint venture BIG RED Portfolio LLC.
Chino Hills, Calif. — Dunhill Partners Inc. has acquired The Shoppes at Chino Hills, a 377,966-square-foot lifestyle center located in the Los Angeles suburb of Chino Hills.
Riverside, Calif. — Hanley Investment Group has arranged the $15.2 million sale of a newly built, 45,000-square-foot single-tenant LA Fitness located in Riverside.
San Diego — Scripps Ranch Marketplace Phase II, a 28,700-square-foot shopping center located in San Diego, has sold for $20.45 million.
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.