Property Types Retail
Washington Square Shopping Center Sold in Palm Desert
July 24, 2008

On behalf of the seller, a local shopping center developer, and the buyer, a TIC sponsor, Marcus & Millichap Real Estate Investment Services has arranged the sale of Washington Square, a 49,972-square foot shopping center in Palm Desert, Calif. Located at the northwest corner of Washington and Market streets, the shopping center is situated on 6.17 acres. Built in 2007, Washington Square is directly across from the Stater Brothers shopping center and near the Del Webb Sun City housing community.

 
Recent Retail Headlines
metra market MetraMarket Bags $25M Construction Loan
Aug. 29, 2008
Despite a difficult environment for accessing debt for commercial real estate projects, about $25 million in construction financing has been secured for MetraMarket, a retail development in Chicago's West Loop.
Nelson Brothers Breaks Into TIC Investment Biz with Phoenix Retail Purchase
Aug. 29, 2008
Nelson Brothers Professional Real Estate, a one-year-old firm based in Aliso Viejo, Calif., has completed its first Tenant-in-Common transaction with the purchase of Palm Valley La Piazza Retail Center in Goodyear, Ariz.
covent garden Westfield Nabs Interest in U.K. Retail Owner
Aug. 29, 2008
Less than a week after Simon Property Group acquired a 3.14 percent stake in U.K. retail property firm Liberty International, Australia-based Westfield Group has stepped up to take a 2.96 percent interest in Liberty.
SoCal Lender Kicks Off Another $100M Mortgage Pool Fund
Aug. 28, 2008
Los Angeles-based Wilshire Finance Partners has introduced Wilshire Income Fund II, its second real estate mortgage pool fund. The fund will raise $100 million to make commercial property loans. This time around, however, the company will be able to welcome investors and borrowers from beyond the borders of the State of California.
Trigild to Guide Closing of 37 Bennigan's, Steak & Ale Restaurants
Aug. 28, 2008
Distressed real estate specialist Trigild has been chosen to assist in the closing of 37 Bennigan’s and Steak & Ale restaurants in 13 states. The two restaurant chains, both subsidiaries of Metromedia Restaurant Group, filed for Chapter 7 bankruptcy protection, which enables the filer to liquidate its assets.
 

 

Westfield Nabs Interest in U.K. Retail Owner
August 29, 2008
By: Tonie Auer, Southwest Correspondent --Less than a week after Simon Property Group acquired a 3.14 percent stake in U.K. retail property firm Liberty International, Australia-based Westfield Group has stepped up to take a 2.96 percent interest in Liberty. Liberty...

L.A. Live Conference Center Topped Out
August 29, 2008
By: Judy Feldman, Contributing Correspondent --Schuff Steel Co. has topped out the new conference center that is part of the L.A. Live development in Los Angeles. The 27-acre development (pictured) began with the construction of the Staples Center where the...

Catskills Hotel Project Gets $525M in Redevelopment Funding
August 29, 2008
By: Scott Baltic, Contributing Editor --Redevelopment of the site that was once home to the Borscht Belt's legendary Concord Hotel, in Kiamesha Lake, N.Y., has taken two major steps forward. In one, Concord Associates L.P., joint venture partner of Empire...

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