{"id":1004134475,"date":"2016-01-11T10:53:38","date_gmt":"2016-01-11T18:53:38","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004134475"},"modified":"2020-04-24T05:19:16","modified_gmt":"2020-04-24T13:19:16","slug":"ara-goes-shopping-in-los-angeles","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/ara-goes-shopping-in-los-angeles\/","title":{"rendered":"American Realty Advisors Goes Shopping in Los Angeles"},"content":{"rendered":"
\"Criterion<\/a>

Criterion on the Promenade<\/p><\/div>\n

By Ioana Neamt, Associate Editor<\/em><\/p>\n

Santa Monica, Calif.<\/strong>\u2014American Realty Advisors<\/a>\u00a0has recently expanded its portfolio with the addition of Criterion on the Promenade, a high street mixed-use asset in the heart of downtown Santa Monica, Calif.<\/p>\n

American acquired Criterion on the Promenade from seller Criterion Santa Monica LLC, a joint venture between Metropolitan Pacific Capital and an opportunistic commingled fund managed by Clarion Partners. The seller was represented by Christopher Hoffman and Rikki Keating of Eastdil Secured<\/a>.<\/p>\n

Located on the southeast corner of Third Street Promenade and Arizona Avenue in downtown Santa Monica, Criterion on the Promenade offers convenient access to a plethora of upscale retail and entertainment destinations. American\u2019s acquisition includes 30,046 square feet of retail space, 22,935 square feet of office space, and 32 studio and one-bedroom apartments. Criterion is home to major tenants such as Victoria\u2019s Secret, Brookstone and WeWork. Originally built in the 1920s as a movie theater, the property was renovated in the 1980s and in 2015.<\/p>\n

\u201cDowntown Santa Monica remains a dynamic and sought-after area for office space by leading firms in the TAMIE industries,\u201d Gary Steinhardt, American Realty Advisors\u2019 senior director of investments, said in a statement. \u201cCriterion\u2019s location, which is proximate to the area\u2019s most visited destinations, including Santa Monica Place Mall, Civic Center, Palisades Garden Walk, and the future Metrolink station located at 4th<\/sup> Street and Colorado Avenue, is irreplaceable.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

American Realty Advisors has added a high street Santa Monica asset to its retail portfolio.<\/p>\n","protected":false},"author":192,"featured_media":1004134477,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,1594,21752,21742,15],"tags":[],"class_list":["post-1004134475","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-los-angeles","category-mixed-use","category-latest","category-west"],"acf":[],"yoast_head":"\nAmerican Realty Advisors Goes Shopping in Los Angeles - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/ara-goes-shopping-in-los-angeles\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"American Realty Advisors Goes Shopping in Los Angeles\" \/>\n<meta property=\"og:description\" content=\"American Realty Advisors has added a high street Santa Monica asset to its retail portfolio.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/ara-goes-shopping-in-los-angeles\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2016-01-11T18:53:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-24T13:19:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/33-136-Criterion3rdStreet.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"900\" \/>\n\t<meta property=\"og:image:height\" content=\"517\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ioana Neamt\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/ara-goes-shopping-in-los-angeles\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/ara-goes-shopping-in-los-angeles\/\",\"name\":\"American Realty Advisors Goes Shopping in Los Angeles - 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