May 2015 Greetings, Friends! It’s hard to believe that Summer is right around the corner. Our Location Matters team is gearing up for the busy season that lies ahead. We are proud to announce our successes around Southern California as the Commercial Real Estate industry continues to thrive. Thank you for your continued partnership. We look forward to doing more business together! Bring on Summer - we are ready! North Park Restaurant Space – For Lease   3126-3130 University Avenue, San Diego, CA 92104 2,000 SF Main Building + 650 SF Rear Cottage + Courtyard Patio Located in North Park, “One of America’s best hipster Neighborhoods” (Forbes Magazine) The interior of the building has great ceiling height and exposed wood beams all throughout Delivery condition will include restaurant mechanicals stubbed to the premises (water, gas, power), grease trap and new HVAC Michael Spilky (858) 792-5521 Email Limor Spilky (858) 201-4991 Email Ike’s Place, The HUB | Hillcrest Market, 1030 University Avenue, San Diego, CA We are bringing some Bay Area love to San Diego! Ike’s Place, a popular sandwich chain with a cult following, just signed a lease at The HUB | Hillcrest Market. Originating in The Castro in San Francisco, they opened their first shop in 2007. Fast forward 8 years, Ike’s Place now has 15 locations all within Northern and Southern California and Arizona. They offer dozens upon dozens of sandwiches to choose from and each sandwich is served with their “dirty secret sauce”. It’s not just a sandwich – it’s Ike’s. Mike Spilky represented both the landlord and tenant in this transaction. ilikeikesplace.com → R Gang – 3683 5th Ave., San Diego, CA The buzz is around town. Celebrity chef and Top Chef contestant, Rich Sweeney, has closed the final chapter on R Gang Eatery in Hillcrest to focus on other foodie projects. In its place, comes a much needed fresh concept to the Hillcrest community, The Brew Project House, a craft beer-centric venture featuring San Diego style craft cocktails and local beer with a fast casual food component serving salads, sandwiches and shareable plates. Be sure to check it out this Summer! Mike Spilky represented the seller and James Langley with Schwartz Commercial Realty represented the buyer. Read article on Eater → Type 47 Liquor License – On-Sale General Eating Place If you have a restaurant or commercial retail space in need of a Type 47 liquor license, look no further! We have one for sale and it can be yours for $85,000. Contact Paul Ahern for details. Location Matters Partners with Shea Properties We are pleased to announce that we partnered up with Shea Properties to lease the restaurant portion of Del Sur Town Center and Mercado Del Barrio. Del Sur Town Center is located in North County San Diego and anchored by a 143,000 SF Target while Mercado Del Barrio is located in the heart of the up and coming Barrio Logan area and is anchored by a 36,000 SF Northgate Gonzalez Market. Download Del Sur Town Center brochure → Download Mercado Del Barrio brochure → ICSC RECon We attended this year’s ICSC RECon convention held in glittery Las Vegas. Our calendars were booked with back-to-back meetings during the day and fun parties at night. ICSC RECon is the largest global convention for the retail industry and provides networking, deal making and educational opportunities for retail real estate professionals from around the world. Thank you to everyone who made our trip a success! “40% in Taxes… Are You Kidding Me??” I recently received a call from a long-time client who is selling a valuable piece of coastal real estate. He is extremely frustrated by the enormity of taxes he will have to pay for the privilege of living in California! And in case you haven’t sold a business, a piece of real estate or other appreciated asset lately – it is quite a “joy-robber.” Just how bad is it? Would you believe nearly “40% bad?” Read more → Top 5 Retail Real Estate Trends of 2015 The retail landscape has been evolving at an unprecedented rate over the past decade, as brick and mortar retailers adapt to advancing technologies and changing consumer demands. These changes are most apparent in retailers’ new real estate strategies. Read more → 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