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.
Los Angeles – The location is the 19th Ashley Furniture HomeStore to be completed by the Hodgdon Group.
San Francisco – The building was designed by Gensler and will feature an exterior façade that combines layers of clear and translucent glass.
West Hills, Calif. – The center is 98 percent leased, and 87 percent of the tenants are anchors with an average remaining lease term of 12 years.
Los Angeles – The Wolff Company is developing 12th & Olive, which will include approximately 17,300 square feet of ground floor retail.
Los Angeles – Marshalls and Petco will open this fall.
Milipitas, Calif. – The company has franchisee-owned stores or kiosks in 19 states.
Los Angeles – The 5,300-square-foot space will offer locally sourced produce, meats, prepared foods and groceries.