Record Breaking CVS in Los Angeles

August 7, 2018 | By: Marcus & Millichap Marcus and Millichap and Remer Radcliff close a rare urban infill CVS ground lease in Los Angeles, California for a record breaking 3.84% cap rate the lowest reported cap rate for a CVS in the country. Paul Bitonti First Vice President of Marcus and Millichap and Robert…

PCH Rite Aid Trades in New Net Lease Deal

January 19, 2015 | By: David Phillips    CORONA del MAR, CA—The Newport Beach Office of Marcus and Millichap has closed on a net leased Rite Aid. The property located on Pacific Coast Highway in Corona del Mar, California sold for $8 million and received multiple offers. Paul Bitonti, vice president investments and Joe Costanzo,…

Fullerton Record

December 14, 2015 | By: Mark Mueller A small retail property in downtown Fullerton has traded hands at what brokers involved in the deal are calling a record price in the city. A Newport Beach-based investor operating under the 101 Harbor Properties LLC name recently completed the purchase of 101 N. Harbor Blvd., a 12,765-square-foot…

Family Sells Portfolio After 60-Year Hold

March 31, 2014 | By: Carrie Rossenfeld    CORONA DEL MAR, CA—Burnham USA has acquired a strategic commercial block of properties in Corona del Mar, a suburb of Newport Beach, from the Franklin family. The seller had purchased the portfolio in the early 1950s and has now sold the holdings to Burnham in an off-market…

High-Traffic Site Fetches $12M, Bolsters Retail

July 9, 2012 | By: Carrie Rossenfeld   SANTA ANA, CA – An Orange County-based private family partnership has purchased a 58,450square-foot Burlington Coat Factory here from a limited liability corporation for $12.1 million, or $207 per square foot. The site’s average daily traffic count exceeds 40,000 cars per day and is home to numerous…

Retail Capital Staying With Core Markets

November 28, 2017 | By: Carrie Rossenfeld   NEWPORT BEACH, CA—Secondary and tertiary markets need to tell a very good story for investors to be interested, which is generating strong demand in South Orange County for stable retail properties, Paul Bitonti, first VP investments and director of the national retail group with Marcus & Millichap, tells…

What Fullerton Retail Has To Offer Investors

December 17, 2015 | By: Carrie Rossenfeld   FULLERTON, CA—A thriving Downtown and lots of colleges nearby make for an attractive retail market in Fullerton, Marcus & Millichap‘s VP investments Paul Bitonti tells GlobeSt.com. Bitonti recently represented the seller, a local developer, in the sale of a 12,765-square-foot absolute-net-leased retail property for $10.95 million or…