In the News

San Diego, CA – July 30th, 2024 – The improved work/life balance has resulted in more time spent shopping, even with a mass amount of malls and brick-and-mortar stores closing over the past couple of decades. The issue was supply not meeting demand in the space – but now that has reversed with construction and development becoming more scarce, according to Alex Zikakis, CEO and president of CapstoneAdvisors.

“The best thing for retail reputation and appreciation was people’s understanding of just how valuable and necessary it is, especially having gone through a pandemic and that you still pretty much need physical retail,” he told GlobeSt. Read Full Feature

Del Mar, CA – July 15th, 2024 – The second of Del Mar Foundation’s Summer Twilight Concerts entertained a packed Powerhouse Park — and an ocean filled with surfers — with surf sounds and the music of Jimmy Buffett on July 9. The Tourmaliners opened the show with a dynamic surf guitar set, entertaining a big crowd in the water on surfboards, as well as those in the park.

Jimmy’s Buffet then took the stage, performing the iconic music of Jimmy Buffett while the sun set and the crowd danced the night away. The Twilight Concert sponsors who make these shows possible are Capstone Advisors, Del Mar Car Care, Jake’s Del Mar, Monarch Ocean Pub, Poseidon Restaurant Del Mar, Rande Turner Collective, Zel’s Del Mar, D’ Arcy Capital, Sharon & Richard Bockoff, and the County of San Diego. Read Full Feature

South Jordan, Utah – July 2nd, 2024 – Capstone Advisors, a California-based real estate investment, development and advisory firm, has purchased the Trail Crossing Shopping Center at 5414 W. Daybreak Parkway, South Jordan, from Wright Development Group. Financial terms were not disclosed. The shopping center was built in 2017 and has 38,397 square feet of retail shopping space spanning five buildings. Currently at full capacity, the center is anchored by Smith’s Food & Drug. It is in the Daybreak master-planned community. Read Full Feature

South Jordan, Utah – July 8th, 2024 – Capstone Advisors, a California-based real estate investment, development and advisory firm, has purchased the Trail Crossing Shopping Center at 5414 W. Daybreak Parkway, South Jordan, from Wright Development Group. Financial terms were not disclosed. The shopping center was built in 2017 and has 38,397 square feet of retail shopping space spanning five buildings. Currently at full capacity, the center is anchored by Smith’s Food & Drug. It is in the Daybreak master-planned community. Read Full Feature

South Jordan, Utah – July 2nd, 2024 – Capstone Advisors, a diversified real estate investment, development and advisory firm headquartered in Carlsbad, California, expands its portfolio with the purchase of the Trail Crossing Shopping Center in South Jordan.  

The acquisition of the retail center, located at 5414 W. Daybreak Parkway, officially closed on June 13. The seller, Wright Development Group, constructed the shopping center in 2017. The property is 38,397 square feet of retail shopping space spanning five buildings. Currently, at full capacity, the center is anchored by Smith’s Food and Drug, a grocery subsidiary of The Kroger Co., along with a diverse array of national, regional, and local tenants providing essential goods and services. Read Full Feature

South Jordan, Utah – July 2nd, 2024 – Capstone Advisors has purchased Trail Crossing Shopping Center, a 38,397-square-foot retail center located in South Jordan, roughly 20 miles south of Salt Lake City. Smith’s Food and Drug, a subsidiary of The Kroger Co., anchors the property, which was built in 2017. Wright Development Group sold the center for an undisclosed price. Read Full Feature

La Quinta, CA – June 12th, 2024 – Province West and Capstone Advisors are pleased to announce the closing by Toll Brothers of Griffin Estates, a new community consisting of 37 half-acre lots located in La Quinta, California.

Located south of Avenue 54 and east of Madison Street in a unique equestrian-themed community within the existing 239-acre Griffin Ranch Specific Plan, Griffin Estates has been entitled for 37 lots with a minimum lot size of 20,000 square feet. Along with the many amenities La Quinta has to offer its residents, Griffin Estates will also offer ample walking and multi-use trails that connect to the adjacent PGA West golf course and the Griffin Club, a 10,000-square-foot ranch clubhouse. Read Full Feature

Henrico, VA – May 15th, 2024 –Grocery store openings tend to be a bit staid, with ribbon cuttings, lots of suits, and perhaps some free swag or specials. But at the May 10 debut of Lotte Plaza Market at 7801 W. Broad St., once the scissors sliced through the red ribbon, it was game on as excited customers propelled their metal carts toward the doors — evidence that this was a place people had been yearning for. The former Stein Mart store has been converted into a 45,000-square-foot Asian grocer, a shopping wonderland complete with a food court, forthcoming French-Korean bakery, seafood and meat counters, and home goods section.

“We know that Henrico County is one of the most diverse areas in Central Virginia, and we thought that it’s time for Lotte to come to this market and serve the community here,” says Arvin Lee, current president and second-generation owner.  Read Full Feature

San Diego, CA – April 15th, 2024 – SAN DIEGO BUSINESS JOURNAL LEADERS of INFLUENCE in COMMERCIAL REAL ESTATE 2024: Alex Zikakis & Jay Matthes Read the Full Release.

Phoenix & Tempe, AZ – January 19th, 2024 – Two well-located Tempe retail properties have been sold for a total of $22.2 million. JLL represented the seller and procured the buyer, Capstone Advisors. JLL also helped finance the sale.

Built in 1998, the two properties total 38,896 square feet combined and consist of 100-percent-occupied high-street retail. Located on the northwest and southeast corners of Mill Avenue and 5th Street in the heart of the Mill Avenue Corridor, these iconic properties benefit from the over 70,000 students attending the nearby main campus of Arizona State University, as well as the thousands of annual visitors drawn by live sporting and entertainment events taking place in downtown Tempe each year. Read the Full Release.