Capital Pacific, a leading retail investment brokerage firm, recently brokered the sale of a 1,776 square foot Starbucks drive-thru in Greensboro, NC. This was the second time that Joe Caccamo of Capital Pacific has sold the asset. He first sold it in 2006 on behalf of the original developer. The property just sold again for $1,784,879 to a California-based investor.
Global real estate investment company Kennedy Wilson represented both the buyer and seller in the $16 million sale of a prime, mixed-use complex located at the corner of 11th Street and Wilshire Boulevard in the heart of Santa Monica. The approximately 23,500-square foot, retail and multifamily property was purchased by 11th and Wilshire, LLC. The seller was Paragon Properties.
Oceanwide Plaza, LLC officially launches “The Collection at Oceanwide Plaza” brand in downtown Los Angeles today, with the unveiling of its leasing website, CollectionAtOceanwide.com, for the development’s retail and restaurant complex currently under construction. Global real estate company Kennedy Wilson serves as the exclusive leasing agent for Oceanwide Plaza’s 153,000 square feet of retail, which is part of the $1 billion mixed-use project developed by Beijing-based Oceanwide Holdings Co Ltd. The leasing website debuts The Collection through a 3-D animated, fly-through video, offering new details of the project, which is scheduled for completion in 2018
The McGrath Family, known in San Diego as pioneers in construction and real estate, have announced the sale of a portion of their retail portfolio encompassing 294,428 square feet in the Kearny Mesa submarket of San Diego, California to a commingled fund managed by Clarion Partners, working with existing partner HP Investors, LLC.
Smart & Final Extra!, a new concept store by Smart & Final that expands the space and services of the company’s brand, has signed a long-term, $13.9 million lease for 42,200 square feet in the Lemon Grove Plaza, located at 2021 N. Oxnard Blvd., Oxnard.
The Ontario office of Lee & Associates, the largest broker-owned commercial real estate firm in the nation, has announced that Jonathan Selznick, a retail investment specialist who focuses on the acquisition and disposition of shopping centers in Southern California, has joined its office in Ontario
LOS ANGELES - March 25, 2014 - (RealEstateRama) -- Global real estate investment and services company Kennedy Wilson has announced the opening of OAK NYC, a subsidiary of American Apparel, in downtown Los Angeles. Kennedy Wilson brokered the landmark deal for the cutting-edge retail tenant, which signed a five-year lease at The Sparkle Factory, a seven-story retail and creative space that serves as the international headquarters for Tarina Tarantino’s world renowned jewelry line
LOS ANGELES, CA - March 4, 2014 - (RealEstateRama) -- BH Properties, in a move consistent with its renewed Southwest strategy, has acquired its fourth retail property in Arizona, adding to its expanding portfolio. The Los Angeles based firm, which specializes in purchasing challenged and distressed real estate properties quickly, has purchased Ross Plaza, located in the bustling submarket of North Phoenix, for $3 million
LOS ANGELES - February 11, 2014 - (RealEstateRama) -- BH Properties, a Los Angeles based firm that specializes in repositioning real estate and resolving difficult transactions quickly and effectively, has added a trophy Class A retail center to its Arizona portfolio as the firm ramps up its Southwest strategy for 2014. Gilbert Town Center, a 159,000-square-foot retail shopping center that was purchased for $13.4 million in late December, is located within the highly affluent Phoenix submarket of Gilbert, Ariz. In 2006, the center was sold to a TIC Buyer for $34.7million
COVINA, Calif. - January 13, 2013 - (RealEstateRama) -- Lee & Associates, one of the largest broker-owned commercial real estate firms in the country, has negotiated the $6.9 million sale of an automotive/retail park and storage facility in Covina, Calif. Brian Garbutt, Adam Wicker and Dave Smith, all senior vice presidents in Lee’s Irvine office, represented the seller, RJ Covina Investors, LLC. The buyer, Monrovia Stor-All, LLC, was represented by Edward Matevosian of CBRE.
WEST COVINA, Calif. - January 6, 2013 - (RealEstateRama) -- Lee & Associates, the largest broker-owned commercial real estate firm in the country, has negotiated the $3.9 million sale of the 19,320-square-foot West Covina Freeway Center in West Covina, Calif
SAN LUIS OBISPO, CA - December 3, 2013 - (RealEstateRama) -- Lee & Associates, one of the largest broker-owned commercial real estate firms in the country, has negotiated a 10-year, $3.4 million retail lease at Irish Hills Plaza in San Luis Obispo, Calif. Clarice Clarke and Steve Leider of Lee & Associates Santa Barbara represented the Landlord, Irish Hills Plaza West, LLC. The new tenant, HomeGoods, a retail chain with stores all over the country, will replace existing tenant, OfficeMax, in the 20,059 square foot premises.
Torrance, CA - October 21, 2013 - (RealEstateRama) -- Construction has begun on Nadel Architects-designed Juanita Tate Marketplace, a 77,096-square-foot outdoor retail center in South Los Angeles situated on the 6.5-acre site of a former scrap-metal plant. Owned by Regency Centers, the $21 million development will bring a full-service grocery and retail center to the highly underserved surrounding community.
Torrance, CA - August 8, 2013 - (RealEstateRama) -- Westwood Financial Corp., a national owner-operator of shopping centers, has leased 1,629 square feet of retail space to the Chipotle Mexican Grill restaurant chain in Rancho San Diego Town & Country Center for a term of 120 months. Scheduled to open this August, this is Westwood’s seventh lease with the national restaurant chain. Other locations include leases in Arizona, California, Colorado, Illinois and Texas. The value of the transaction was not disclosed.
Torrance, CA - May 21, 2013 - (RealEstateRama) -- Senior Associate Jim Slaught of Lee & Associates Santa Barbara has closed the sale of 215,202 square feet of Palmdale Marketplace, a 500,000-square-foot power center at 39176-39340 10th St. West. The transaction price was not disclosed.
Torrance, CA - April 2, 2013 - (RealEstateRama) -- Lee & Associates, the nation’s largest broker-owned commercial brokerage firm, has closed on the $3.7 million sale of a 2,200-square-foot retail property leased by 7-Eleven located at 7807 Balboa Ave, San Diego, CA
Torrance, CA - November 12, 2012 - (RealEstateRama) -- Nadel Architects has completed the design for The Village at Nellie Gale Ranch, a shopping center in Laguna Hills, Calif. The renovation and expansion project has recently received entitlement to move forward with construction, which is tentatively set to be completed in late summer/early fall 2013. To better reflect the needs of the area’s residents, Nadel will reposition the property by converting the center into an amenity for the local community.
Torrance, CA - October 15, 2012 - (RealEstateRama) -- Christine Deschaine of Lee & Associates LA North/Ventura Inc., one of the largest broker-owned and full-service commercial real estate firms in the country, has been named the exclusive leasing representative of the 10,500 square feet of retail space at to The Gibson, a new mixed-use apartment development in Santa Monica, Calif
Torrance, CA - September 21, 2012 - (RealEstateRama) -- Construction has begun Azalea shopping center, a new 350,000-square-foot retail project on the northwest corner Atlantic Avenue and Firestone Boulevard in Southgate, Calif. Designed by Nadel Architects, cost of the project was not disclosed.
Torrance, CA - September 5, 2012 - (RealEstateRama) -- C.W. Driver, a premier builder serving the Western United States since 1919, has hired Steven Nelson as vice president of estimating in the firm’s Pasadena office. In his role, Nelson will act as a trusted advisor for the firm’s long list of clients and will be responsible for providing estimates on the firm’s preconstruction services and proposals, as the company continues to grow. A 30-year industry veteran, Nelson’s extensive experience will be a crucial component to the firms various practice areas including commercial and industrial projects, healthcare, retail and education
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