Dublin, Calif. – Ross Dress for Less and dd’s Discounts currently operate more than 1,300 stores in 33 states, Washington, D.C., and Guam.
Lake Forest, Calif. – According to CoStar, the 4.8 percent cap rate was a record low for a non-anchored retail strip center sale in south Orange County.
Escondido, Calif. – The single-story strip center was sold by R.J. Mission Plaza LLC.
Los Angeles – Built in the late 1940s, Baldwin Hills Crenshaw Plaza is considered the longest standing and operating regional shopping center in the United States.
Huntington Beach, Calif. – Pacific City’s architecture features a two-story open design providing nearly all of the tenants with ocean views.
Santa Ana, Calif. – Cabrillo Park Shopping Center is 95 percent occupied and anchored by Superior Grocers.
Temecula, Calif. – The property was approximately 93 percent occupied at the time of sale.
Irvine, Calif. – The Lakeside Terrace and Canyon Springs shopping centers sold for the lowest cap rates ever reported for stabilized retail centers over 25,000 square feet in the area.
San Diego – Justin Earley of Capital Real Estate Ventures Inc. represented the buyer and seller.
San Diego – The loan replaced the existing maturing loan provided by MetroGroup in 2004 for a 10-year, fixed-rate term at a 63 percent loan-to-value ratio.