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Press releases for retail shopping center
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  City of South Gate Faces $60 Million Payment Obligation (2011-02-10)
Developer South Gate Gateway filed a lawsuit on February 2, 2011, against the City of South Gate and the City’s Community Development Commission for breach of contract and damages in excess of $10 million. The lawsuit states that the City could be responsible to reimburse South Gate Gateway for more than $60 million in development costs.
KKE Architects Completes Three Shopping Centers for Hopkins Real Estate Group in Southern California (2008-10-23)
KKE Architects has completed three shopping centers located in southern California on behalf of Hopkins Real Estate Group (HREG) in Irvine. The retail centers are: Imperial Promenade in La Habra; 47th Street Pavilion in Palmdale; and Talega Village Center in San Clemente. For all three projects, KKE provided the conceptual and schematic designs, design development, city entitlements, construction drawings and construction administration. Coreland Companies Lands Over 1.5 Million SF in Retail Management Assignments (2008-08-26)
Tustin, Calif.-based Coreland Companies announced that the firm has recently been awarded eight new retail management assignments in Southern California totaling more than 1.5 million square feet including 47th Street Pavilion in Palmdale; Vernola Marketplace in Mira Loma; Talega Village Center in San Clemente; Redlands Town Center in Redlands; Porter Ranch Shopping Center in Los Angeles; Diamond Hills Plaza in Diamond Bar; Mission Plaza in San Fernando; and Centre Pointe Marketplace in Valencia. Marinita Development is Under Construction on New $42 Million Vons “Lifestyle” & CVS/Pharmacy Anchored Shopping Center (2008-02-29)
Marinita Development Co. is under construction on The Shops at Sycamore Creek, a $42 million, 94,000 SF supermarket/drug anchored shopping center fronting I-15 freeway in Corona, Calif. This is the only approved shopping center in the area with both a full-service grocery and free-standing drug store. The 11.83-acre project, which is nearly 80% pre-leased, will be anchored by Vons “Lifestyle” supermarket, Vons’ Fuel Station and CVS/Pharmacy. The center is expected to be completed in the fall, 2008. Marinita Development is Under Construction on New 26,400 SF Retail Center in Riverside, Calif. (2008-02-14)
Marinita Development Company is 85 percent pre-leased and under construction on a 26,400-square-foot retail convenience center in Riverside, Calif. The development, known as Orangewood Centre, is located at the northeast corner of Van Buren Boulevard and Dauchy Avenue in the Orangecrest master plan area and is expected to open in the summer, 2008 with tenants Kragen Auto Parts, Firestone Tire, 7 Eleven, Subway, Sip’s Coffee, Dry Cleaner and Nail Salon. Hanley Investment Group Sells Single-Tenant NNN PFF Bank & Trust for Highest Cap Rate (2008-01-26)
Hanley Investment Group, with Commercial West Brokerage, represented the buyer and seller in the sale of the land leased to PFF Bank & Trust in Palm Desert. Purchase price was $1,800,000, representing a 5.0 percent cap rate, the highest cap rate for a single-tenant bank building sold in the area. The bank is located at 36975 Cook Street within The Village at University Park, on a newly developed pad. Highland Development Plans $35 Million New Specialty Market & Drug Store Anchored Shopping Center in Visalia, Calif. (2007-12-03)
Highland Development Company has plans to develop a new $35 million upscale neighborhood shopping center located in Visalia (Tulare County), Calif. The new ground-up development will include a specialty market, drug store, sit-down restaurant, various quick-serve restaurants, cafes, retail shops and bank. The 14.3-acre project is bounded by Caldwell and Kimball avenues and West and Court streets and will include more than 82,000 square feet of retail and restaurant space. Highland Development hopes to announce the company names of the specialty market and drug store in the next 30 days. Highland Development Plans $20 Million New Tesco Anchored Shopping Center in La Quinta, CA (2007-12-03)
Highland Development Company, a dynamic retail and retail-driven mixed-use development company, announced that the firm has plans to develop a new $20 million upscale neighborhood shopping center, The Plaza at Calle Tampico, located in Riverside County, Calif. in the heart of La Quinta’s Downtown Village. The new ground-up development will include Tesco’s 13,969-square-foot Fresh and Easy Neighborhood Market grocery store plus two retail pad buildings with an aggregate total of 18,300-square-foot of shop space. Situated at the northeast corner of Calle Tampico and Desert Club Drive, Highland expects to break ground on the new development in August 2008 with completion slated in February 2009. 1 |
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