September 2016 Greetings Friends! Can you believe it’s October?? With Summer now behind us and the first signs of Fall making their way into town, the pressure is on to grab the fourth quarter by the horns and make 2016 a banner year! As always, our focus is on delivering the highest level of service to our clients and making a positive impact on the San Diego restaurant and retail markets. As we evaluate the transformation of our City, with new and exciting restaurant and retail concepts opening up every day and creative urban development charging forward, we can’t help but feel proud to be San Diegans. It’s going to be another great quarter! 606 Cassidy St. – A Rare Costal Gem Owner-User or Investment Opportunity   606 Cassidy Street, Oceanside, CA 92054 Price - $825,000 Pride of ownership asset with Cape Cod charm, situated in a prime South Oceanside location Beautifully maintained, corner location on Cassidy Street, just 1-block off of S. Coast Hwy Fully leased investment opportunity, perfect for a first time buyer, or a local investor seeking to diversify with a high quality coastal gem Suitable for an owner-user looking to occupy a portion of the space, while maintaining a steady stream of income from the remaining units Marc Karren (760) 803-5363 Email 1220 S. Coast Hwy, Oceanside, CA Another successful real estate sale! The retail building located at 1220 S. Coast Hwy in South Oceanside has sold. Currently vacant, the 4,700 square-foot corner property sits on a 12,197 square foot lot and has 16 on-site parking spaces. Formerly the site of Baja Body Gym, the proud new owner is in the process of securing a new tenant for the building and will be holding it as an investment. Marc Karren represented the Seller and Buyer in this sale. The Counter Burger - Torrance It’s time to say goodbye to Burgers and hello to mouthwatering Seafood. With the sale being finalized, we are pleased to report that the Counter Burger, which once occupied the space at 21209-B Hawthorne Blvd. in Torrance will now be the site of Ocean Market Grill. Serving up a menu of tacos, salads, and fish a la carte, the Torrance location is the perfect spot to complement their original Long Beach location. Mike Spilky represented the Seller and Buyer in this transaction. oceanmarketgrill.com→ Rakiraki Ramen - Little Italy It’s been a long couple of years filled with anticipation, but we are finally happy to report that Rakiraki Ramen & Tsukemen has officially opened its doors at 2254 India Street in Little Italy. The highly popular ramen restaurant first opened back in 2012 in a spot on Convoy in Kearny Mesa and has been going gangbusters ever since. It is no wonder Chef and owner Junya Watanabe had his eyes set on expanding his concept elsewhere and what better location than Little Italy, San Diego’s hub for Top Chefs. Location Matters represented the tenant in this transaction. rakirakiramen.com → Read more on San Diego Eater → Rolled Up / Crackheads – The HUB Hillcrest Crack open a bottle of champagne as our mission at The HUB Hillcrest Market is now complete! Joining Ike’s Sandwiches and Whistling Duck Tavern will be a combo of the hip concepts Rolled Up and Crackheads. With a total of approximately 1,600 square feet, owner James Markham will be relocating his wildly popular and innovative Giant Sushi Roll concept just down the street. To add some extra variety, he’ll be introducing gourmet breakfast sandwiches and a cereal bar to the space, for the Hillcrest community to enjoy. With the restaurant spaces now fully leased, we thank Regency Centers for their partnership and commitment to enhancing food offerings at the HUB. Cheers! rolledup.com → Crackheads menu → Location Matters Grabs #1 Spot Location Matters grabbed the #1 spot for retail leases completed in the month of June 2016, as presented by the San Diego Business Journal. Marc Karren successfully leased the 10,000 square-foot building located at 263 S. Coast Hwy in Oceanside to Ace Hardware, adding tremendous value to the property. Way to go Marc! ICSC Western Conference & Deal Making As we do each year, Location Matters attended the annual ICSC Western Conference & Deal Making held in our very own San Diego. Although we kept our calendars full by day, they were just as full at night, with many of our valued clients hosting evening cocktail receptions. This year we definitely hopped around, giving us a chance to catch up with our friends at Shea Properties, Regency Centers, Westfield, OliverMcMillan, and Donahue Schriber. Until next year…! NRA chief economist: Restaurant recession unlikely Much has been said recently about a potential “restaurant recession.” Same-store sales have taken a sudden, almost inexplicable turn for the worse beginning in March… Read more → Will There only be Restaurants in Shopping Centers and Malls? In this video, Garrick points out that over 50% of the growth in shopping centers has come from restaurants. He does question, however, whether or not the year-over-year growth of restaurant sales can continue to support all of these new restaurants. He also cautions and reminds everyone that when the economy dips, one of the first things that consumers stop doing is going out to dinner. Some good food for thought?… Watch video → Technomic's 25 Fastest-Growing Chains in the World If Regis Philbin asked people to name the fastest-growing restaurant chains on the planet by units, any operator with a cursory knowledge of the industry could come up with Subway, McDonald’s and Starbucks. But it’s not just the American giants taking over the world… Read more → Don’t forget to follow us! About Us  /  Properties  /  Contact This email was sent to you from   Location Matters 2010 Jimmy Durante Blvd., Ste 205, Del Mar, CA 92014 (858) 792-5521