California

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ALMQUIST Signs 21 Tenants to River Street Marketplace in Southern California

by Hayden Spiess March 29, 2023

San Juan Capistrano, Calif. — ALMQUIST has signed 21 tenants to River Street Marketplace, a 60,000-square-foot retail development currently underway in San Juan Capistrano. Concepts that will join the lineup include Bred’s Hot Chicken, Capistrano Brewing, Common Thread, Fermentation Farm, Finca by David Pratt, Free People, Gueros Cevicheria, Hudson’s Cookies, Kozan Teahouse & Boba, La Vaquera, McConnell’s Ice Cream, The Meat Cellar Market and Steakhouse, Mendocino Farms, Nana’s Fish Chippery, Nom, SALT., Seager, Shootz Hawaiian, Toes on the Nose, Ubuntu Café and Wildfire Mercantile.

March 29, 2023

California Company news News

Heather Sharp Joins Progressive Real Estate Partners as Senior Vice President of Retail Sales, Leasing

by Hayden Spiess March 29, 2023

Rancho Cucamonga, Calif. — Heather Sharp has joined Progressive Real Estate Partners as senior vice president of retail sales and leasing. Sharp, who brings more than 25 years of experience in real estate, will lead the firm’s expansion into the Coachella Valley while continuing brokerage activities, including the sale and leasing of retail properties. Previously, Sharp was a partner at Wilson Meade Commercial Real Estate in Rancho Mirage. “We have been eager to bring our team-oriented, resource-rich brokerage culture to the Coachella Valley for a few years but were waiting …

March 29, 2023

California Grocery-anchored Investment sales News

Longpoint Acquires Shopping Center in Metro Los Angeles for $22.7 Million

by Hayden Spiess March 23, 2023

Montclair, Calif. — Longpoint has acquired Cardenas Marketplace, a shopping center located in Montclair, roughly 30 miles east of Los Angeles, for $22.7 million. Built in 2020 and anchored by Cardenas Market, the property was 91 percent occupied at the time of sale. Other tenants at the center include AT&T and Wendy’s. Alan Krueger, Vanessa Haddad and Masih Waliyar of CBRE represented Longpoint in the transaction.

March 23, 2023

California Leasing News Restaurants

Eureka! Opens 4,504-Square-Foot Restaurant in Southern California

by Hayden Spiess March 23, 2023

Aliso Viejo, Calif. — Eureka! has opened a 4,504-square-foot restaurant at The Commons at Aliso Viejo, a retail center in Aliso Viejo. Justin McMahon of JLL represented both the landlord, Buie Communities, and Eureka! in the lease negotiations.

March 23, 2023

California Investment sales Net lease News

Hanley Brokers $2.3 Million Sale of Single-Tenant Retail Property in Southern California

by Hayden Spiess March 22, 2023

Fontana, Calif. — Hanley Investment Group Real Estate Advisors has brokered the $2.3 million sale of a single-tenant retail property located in Fontana. Dutch Bros Coffee occupies the newly constructed 871-square-foot property, which is situated within Highland Village Shopping Center, on a triple-net-lease basis. Kevin Fryman, Bill Asher and Jeff Lefko of Hanley represented the seller, Adler Realty Investments, in the transaction. Jeremy McChesney of Hanley represented the buyer, a private investor.

March 22, 2023

California Grocery-anchored Investment sales News

SRS Brokers $54 Million Sale of Shopping Center in Southern California

by Hayden Spiess March 20, 2023

Ontario, Calif. — SRS Real Estate Partners’ Investment Properties Group has brokered the $54 million sale of New Haven Marketplace in Ontario. Built in 2020, the shopping center totals 95,000 square feet. Stater Bros. anchors the property, which was fully leased at the time of sale. Other tenants include Starbucks Coffee, Chase Bank, Carl’s Jr., Great Clips, Rodeo X Public Market and Brew Haven. Pat Kent and Parker Walter of SRS represented the seller, a California-based developer, in the transaction. Glenn Rudy of Newmark represented the buyer, a California-based family …

March 20, 2023

California Investment sales News

Progressive Brokers $4.9 Million Sale of Retail Building in San Bernardino, California

by Hayden Spiess March 16, 2023

San Bernardino, Calif. — Progressive Real Estate Partners has brokered the $4.9 million sale of a retail building located at 675 East Hospitality Lane in San Bernardino. Built in 1991 and totaling 20,020 square feet, the property is leased to Office Depot. The sale also included 81 parking spaces. Greg Bedell, Paul Galmarini and Paul Su of Progressive represented the seller, a private investor, in the transaction. Jason Alter of IPA Commercial Real Estate represented the buyer.

March 16, 2023

California Leasing News Restaurants

Two Restaurants Open at 2nd & PCH Shopping Center in Long Beach, California

by Hayden Spiess March 16, 2023

Long Beach, Calif. — Two restaurants have opened at 2nd & PCH, a shopping center located in Long Beach. Jinya Ramen Bar and dan modern chinese are the newest tenants at the property, which recently saw the addition of Fire Wings, Forno Banci and Shop Small Bizz Little’s. Beachwood Brewing, A PCH and Lulu Avenue are also scheduled to open locations at the center later this year.

March 16, 2023

California Development Investment sales News

NAI Arranges Purchase of 20,909-Square-Foot Retail Center in Metro Los Angeles

by Hayden Spiess March 15, 2023

Bell, Calif. — NAI Capital Commercial has arranged the purchase of Atlantic Center Mini Mall, a 20,909-square-foot retail center located in Bell, roughly 10 miles outside Los Angeles. Steven Weiss and Sam Kangavari of NAI represented the buyer, a private investor, in the transaction. The buyer plans to redevelop the property, converting it to a single-tenant retail building, and the NAI team also negotiated a new lease with a national tenant.

March 15, 2023

Lake-Forest-Marketplace-Lake-Forest-Calif

California Investment sales News

La Caze Development Sells Lake Forest Marketplace in Southern California for $14.2 Million

by Hayden Spiess March 14, 2023

Lake Forest, Calif. — La Caze Development has sold Lake Forest Marketplace, a 111,212-square-foot shopping center located in Lake Forest, for $14.2 million. John Redfield of SRS Real Estate Partners’ Investment Property Group arranged the transaction on behalf of the seller. Jon Davis of SVN represented the buyer, a private investor. Situated on 10 acres, the property was fully occupied at the time of sale. Tenants include 99 Cents Only, Guitar Center, Island Pacific, Harbor Freight Tools, Bank of America, Del Taco and Dunkin’ Donuts.

March 14, 2023

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