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Juanita Tate Marketplace
CaliforniaFinanceNews

JLL Arranges $21.5 Million Refinancing for Juanita Tate Marketplace in Los Angeles

by Abby Cox

Los Angeles — JLL Capital Markets has arranged a $21.5 million loan to refinance Juanita Tate Marketplace, a 77,096-square-foot retail center located in Los Angeles. Northgate Market anchors the fully leased center. Additional tenants at the property include CVS Pharmacy, Panda Express, Starbucks Coffee and Chase Bank. Alex Olson and Daniel Skerrett of JLL’s Debt Advisory team represented the borrower, Optimus Properties LLC, in arranging the five-year loan through institutional investors advised by J.P. Morgan Asset Management.

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Market Lofts
CaliforniaGrocery-anchoredInvestment salesNews

Hanley, SRS Arrange $20.9 Million Sale of Retail Anchor at Mixed-Use Development in Los Angeles

by Abby Cox

Los Angeles — A partnership between Hanley Investment Group Real Estate Advisors and SRS Real Estate Partners has arranged the $20.9 million sale of the retail component at Market Lofts in downtown Los Angeles. The retail portion of the project is anchored by a 49,489-square-foot Ralphs grocery store located on the ground floor. Completed in 2007, Market Lofts features 267 condominiums with 54,948 square feet of total ground-floor retail space. Along with Ralphs, the retail portion of the property is leased to six additional tenants including The UPS Store, Supercuts, …

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CaliforniaLeasingNews

South Coast Plaza Signs 21 New Tenants

by Abby Cox

Costa Mesa, Calif. — South Coast Plaza, a 2.8 million-square-foot super-regional mall located in Costa Mesa, has signed 21 new leases to join its tenant lineup this year. Dior Beauty’s West Coast flagship store has already opened at the center, along with Eres, Ramen Nagi, Vox Kitchen and a new Tiffany & Co. pop-up store. Other retailers that will open later this spring include Ami Paris; Eleventy; Guerlain; Gianvito Rossi; Montcler; Roger Vivier; Sandro; and See’s Candies. Alo; Skims; Bottega Veneta; Camilla; Club Monaco; Crate & Barrel; MaxMara; and Tumi …

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Jack in the Box
CaliforniaCompany newsNews

Jack in the Box to Close Up to 200 Stores, Company to Explore Sale of Del Taco

by Abby Cox

San Diego — Jack in the Box Inc. has announced plans to improve its long-term financial performance across its restaurant system, which includes the closure of 150 to 200 underperforming Jack in the Box restaurants, as well as possible alternatives for its Del Taco brand, which it acquired in March 2022. Jack in the Box will implement a block closure program, which will comprise of approximately 80 to 120 restaurant closures between now and December 31, with the remaining underperforming restaurants closing thereafter, based upon franchise agreement termination dates. San …

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Harbor Freight Tools
CaliforniaInvestment salesLeasingNews

Avison Young Arranges $2.2 Million Sale of Retail Property in Hemet, California

by Abby Cox

Hemet, Calif. — Avison Young has negotiated the $2.2 million sale of a single-tenant retail property located at 1735 W. Florida Ave. in Hemet. Harbor Freight Tools occupies the 20,571-square-foot building, which was renovated in 2023. The tenant has approximately 11 years remaining on its absolute triple net lease. Chris Maling and David Maling of Avison Young represented the seller, a California-based limited partnership, in the transaction. The buyer was a California-based private investor.

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North Euclid Shopping Center
CaliforniaGrocery-anchoredInvestment salesNews

Hanley Investment Group Facilitates $12.6 Million Sale of Shopping Center in Fullerton, California

by Abby Cox

Fullerton, Calif. — Hanley Investment Group Real Estate Advisors has facilitated the $12.6 million sale of North Euclid Shopping Center, a 41,219-square-foot shopping center located in the Orange County city of Fullerton. A 21,480-square-foot Stater Bros. Markets formerly anchored the property. The remaining space is fully leased to a barber shop, hair salon, family dentist, chiropractic office, H&R Block and multiple quick-service restaurants. Kevin Fryman, Eric Wohl and Ed Hanley of Hanley Investment represented the seller, Anaheim, California-based Kraemer Land Co., and the buyer, an off-market local private investor, in the …

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24011-24031 Marguerite Parkway
CaliforniaInvestment salesNews

Hanley, Walseth Investment Broker $11.6 Million Sale of Shopping Center in Mission Viejo, California

by Abby Cox

Mission Viejo, Calif. — A partnership between Hanley Investment Group and Walseth Investment Co. has arranged the sale of a 51,312-square-foot shopping center located at 24011-24031 Marguerite Parkway in Mission Viejo, for $11.6 million. A 37,118-square-foot Orchard Supply Hardware store formerly anchored the property, which occupied more than 72 percent of the center. Originally built in 1973 and renovated in 2016, the center sits on 3.4 acres and includes a mix of tenants including A Cut Above, Little Caesars Pizza and Leslie’s Pool Supplies. Kevin Fryman, Bill Asher and Ed …

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Rodeo 72
CaliforniaDevelopmentNewsRestaurants

ALMQUIST to Open 20,000-Square-Foot Food Hall in Whittier, California

by Abby Cox

Whittier, Calif. — San Juan Capistrano, California-based ALMQUIST will open Rodeo 72, a 20,000-square-foot food hall in Whittier. The food hall is being created in a building that once housed a juvenile correctional facility. Rodeo 72 will contain 15 food and beverage concepts, a bar and a community-driven space for live music, local art and pop-up events. Additionally, tattoo studio Grailed Galley will also open inside Rodeo 72. The food hall is scheduled to open May 3. ALMQUIST has also developed Rodeo 39 Public Market in Stanton, California, and Rodeo …

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Silver Lake district
CaliforniaInvestment salesNews

Bolour Buys Retail Center in Los Angeles’ Silver Lake District for $6.5 Million

by Abby Cox

Los Angeles — Bolour Associates has acquired a retail center in the Silver Lake neighborhood of Los Angeles for $6.5 million. Located at 2829-2843 Hyperion Ave., the center was originally built in 1986 and totals 9,884 square feet. The property was 50 percent leased to a mix of tenants including Pinkberry, Standing Egg Coffee, Cats & Dogs and The Village Vet at the time of sale. Additionally, Bolour plans to complete both exterior capital improvements and interior tenant improvements at the property. Oron Maher of Maher Commercial Realty represented the seller …

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Jini Mini
CaliforniaLeasingNews

Five New Tenants Join The District at Tustin Legacy in California

by Abby Cox

Tustin, Calif. — Five new tenants have signed leases to join The District at Tustin Legacy, a 1 million-square-foot retail center located in the Orange County city of Tustin. Jini Mini, Café 86 and The District Eatery have already opened at the property. Activate Games is scheduled to open in July, while French bakery Le Macaron is expected to open later this year. Additional tenants at the center include Whole Foods Market, Costco, Target, Lowe’s, Nothing Bundt Cakes, Ben & Jerry’s, The Winery Restaurant & Wine Bar and Pinot’s Palette. …

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