CALIFORNIA DEALS
Sep 1, 2005 12:00 PM
Real estate services firm Robert K. Futterman & Associates, LLC hired David Friedman as vice president in charge of RKF Strategic Retail Services at the company's new San Francisco office. The Strategic Retail Services will help retailers develop and execute long-term growth plans.
Investment company SKB bought the 287,000-square-foot Mountaingate Plaza in Simi Valley from RP Properties for $39.6 million. The center is 92 percent occupied and includes Rite Aid, Starbucks and Bally Total Fitness. Faris Lee Investments represented the buyer and the seller.
A joint venture between Hopkins Real Estate Group and real estate investment company Rockwood Capital will build a 270,000-square-foot community center in Sun City. Slated to break ground in 2006, the center will be anchored by a supermarket and home improvement center.
Commercial real estate investment banking firm Pacific Security Capital hired James Kean as its new managing director chief investment officer. The hire is part of the company's expansion of its Capital Markets and Investment Practice.
Real estate developer Westrust named Ken Hira as its vice president of acquisitions for Southern California. Hira was formerly vice president of retail development for Lewis Retail Centers.
Transcan Development LLC is developing the 90-acre, $42 million Canyon Crossings in Riverside, which will include 740,000 square feet of retail. Tenants include Wal-Mart Supercenter, Staples, Home Gallery Furniture and LA Fitness.
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