Retail

LOS ANGELES-The Modesti family, which has operated on the site for 30 years, sells one corner property and moves to another. Several offers surfaced for the prime corner, but the winner was Peretz Properties of LA.

PHOENIX-Mike Kumelski of Trammell Crow Co. is one of 10 nationwide selected for the national advisory board of ICSC's "Next Generation Program." The program will be rolled out at the May convention in Las Vegas.

FAIRFAX COUNTY, VA-The firm is adding two new retail centers to its portfolio with the $31 million purchase of South Valley Shopping Center and Mount Vernon Plaza from separate owners. The adjacent properties account for 213,000 sf and 257,000 sf, respectively.

WASHINGTON, PA-Gander Mountain of Bloomington, MN has signed a lease with Crown American Realty Trust to locate their superstore concept here in the former Ames Department Store space at Washington Crown Center.

RIVERSIDE, CA-Transcan Development, based near Oakland, is working on entitlements for the 84-acre Canyon Crossings at Canyon Springs, an entertainment and retail center planned at the junction of I-215 and the 60 Highway.

DALLAS-Gart Sports Co. takes 50,000 sf for an Oshman's and Famous Footwear signs a 10,000-sf pact for Denton Crossing, an under-construction power center with a dance card filled by the leading names in retail.

SAN DIEGO-David and Helen Nguyen acquire the building from seller Matilda Barnett Trust. Located at 6517 El Cajon Blvd., the facility previously served as an auto body shop.

NEW YORK CITY-With more than $300 million in Trump Marina debt due in November, Donald Trump puts up $30 million to goose the two-traunch sale, which he has been trying to complete since last spring. The deal is expected to close within days.