The discount retailer Burlington Stores is opening Friday, Oct. 24 in Colton and Montclair.
Both stores will celebrate with ribbon cuttings.
In Colton, that takes place at 7:45 a.m. at Centrepointe Plaza (1080 South Mount Vernon Ave.)
In Montclair, the ribbon cutting takes place at 8:45 a.m. at Montclair Plaza North (5200 Moreno St.)
The retailer will be donating $5,000 to local schools through its partnership with the national nonprofit AdoptAClassroom.org.
Trader Joe’s opens this week in La Verne
Trader Joe’s opens in La Verne on Wednesday, Oct. 22, taking the place of a shuttered Staples in the La Verne Town Center.
The store opens at 9 a.m. after a ribbon cutting with store “captain” Kristin Ortega and her team.
The Trader Joe’s sits adjacent to Marshalls. The shopping center at 2330 Foothill Blvd. is anchored by Target.
Also see: Smucker sues Trader Joe’s over sandwiches similar to Uncrustables
The Monrovia-based grocery store chain has expanded in recent months across Southern California, opening at least eight new stores with more in the pipeline.
Those new stores include:
—Ladera Ranch: 27542 Antonio Parkway
— Murrieta: 40388 Murrieta Hot Springs Road
— South Pasadena: 1129 Fair Oaks Ave.
— Sherman Oaks (Sunkist): 14130 Riverside Drive
— Northridge: 9224 Reseda Blvd.
— Santa Clarita (Canyon Country): 19037 Golden Valley Road
San Diego County:
— Poway: 13644 Poway Road
— Santee: 9680 Mission Gorge Road
Temecula retail center sold in pieces
A property investor in Temecula scored a 34% gain after selling the retail center Butterfield Station in a breakup strategy led by the brokerage SRS Real Estate Partners.
SRS said it first guided their unnamed client to buy the shopping center in 2022 for $19.7 million. The center then got a host of new tenants, including its anchor Smart & Final, which replaced a shuttered Best Buy.
Fast forward three years. Instead of selling the center in one deal, SRS advised a breakup strategy. The four-parcel sale brought in a combined $26.46 million.
Here’s a break down of each parcel:
—The 30,038-square-feet Smart & Final (3.15 acres) sold for $11.5 million
—A multi-tenant, 5,360-square-foot strip retail center including Subway (less than an acre) sold for $2.275 million
—A 5,000-square-foot Wells Fargo (0.75 acres) sold for $2.45 million
In recent weeks, the final piece of the center sold for $9.8 million. The 30,057-square-foot building on 4.1 acres is home to a Fitness 19 property and several other in-line tenants.
“With higher rates in the capital markets and greater ability to locate premium single-tenant private buyers at smaller price points, the sum of the parts was greater than the whole,” said SRS Senior Vice President & Principal John Redfield.
More homes coming to Miralon in Palm Springs
More homes coming to Miralon in Palm Springs
PLC Communities in Newport Beach is building 228 new homes at the Palm Springs community of Miralon.
New home models opened early this month for 71 single family homes in the Olea community.
Lily, another PLC neighborhood launching in 2026, will include 157 paired homes.
Yet another community, Solace, will launch presales next month. Its 25 homes are being constructed by Woodbridge Pacific Group.
Under development by Freehold Communities, Miralon was dubbed Palm Springs’ unique “agrihood” community, built atop a former golf course and featuring gardens, working olive groves and swanky club facilities.
The 71 single-family homes at Olea will be priced from $1.1 million. The 157 paired homes at Lily will offer two to four bedrooms and prices starting in the $700,000s.
Big business stories last week
Melody Health shutters: Planned Parenthood of Orange and San Bernardino Counties laid off 81 people as it closed its primary care practice. The organization, which made the announcement on Monday, Oct. 13, said it the cuts came “as a direct result of the Trump administration unjustly defunding Planned Parenthood.” Krista Hollinger, chief executive officer of the local organization called the closure “devastating,” and said it would affect 13,000 enrolled patients at seven clinics in both counties. The clinics provide primary care services such as annual wellness checks, cold and flu treatment, vaccines, diabetes management, vaccinations and behavioral health services. (Staff writer Pat Maio)
Jack in the Box sells Del Taco at huge loss: The San Diego-based restaurant giant said Thursday that it sold its entire Del Taco stake to Yadav Enterprises for $115 million in cash. Yadav Enterprises in Fremont operates some 310 franchise restaurants, including Jack in the Box, Denny’s and TGI Friday’s, Taco Cabana and Nick the Greek restaurants. Jack in the Box bought Del Taco three years ago for $575 million. (San Diego Union-Tribune)
Low-price insulin coming to California: Californians with diabetes will be able to purchase state-branded insulin at steeply reduced prices next year. Long-acting insulin pens will be available at pharmacies for $11 per pen — or $55 for a five-pack — beginning Jan. 1. The discounted medication is coming from legislation signed by Gov. Gavin Newsom. “California didn’t wait for the pharmaceutical industry to do the right thing — we took matters into our own hands,” Newsom said Thursday. “No Californian should ever have to ration insulin or go into debt to stay alive.” (CalMatters)
The business briefs are compiled and edited by Business Editor Samantha Gowen. Submit items to sgowen@scng.com. High-resolution images can also be submitted. Allow at least one week for publication. Items are edited for length and clarity.
