Dicker Warmington Properties

A San Diego-based real estate investment trust said Tuesday that it has agreed to purchase from an Orange County developer a La Puente shopping center for $58 million in cash--one of the largest single-property purchases made by an REIT. Dicker Warmington Properties of Fullerton built the 775,000-square-foot Plaza at Puente Hills shopping center in 1986. Its tenants include an Ikea furniture store, AMC Theaters and a Miller's Outpost.

A San Diego-based real estate investment trust said Tuesday that it has agreed to purchase from an Orange County developer a La Puente shopping center for $58 million in cash--one of the largest single-property purchases made by an REIT. Dicker Warmington Properties of Fullerton built the 775,000-square-foot Plaza at Puente Hills shopping center in 1986. Its tenants include an Ikea furniture store, AMC Theaters and a Miller's Outpost.

In one of the largest retail property sales in the San Gabriel Valley this year, Burnham Pacific Properties Inc. of San Diego has paid $58 million for a large chunk of The Plaza at Puente Hills in Industry. Burnham bought a 516,538-square-foot portion of the center from Dicker Warmington Properties, which developed the mall in three phases between 1986 and mid-1992. The 778,822-square-foot mall is on a 61.

Geneva Corp., a Santa Ana-based financial services firm specializing in mergers and acquisitions, named Robert W. Swaim vice president of human resources. Swaim, 48, is the former president of La Costa-based Human Resources International. From 1980 to 1983, he was manager of human resources, planning and development for Occidental Petroleum Corp.'s worldwide exploration and production groups. Pacific Regency Bank of El Toro said that John A.

Stores have opened and will continue to open through the fall at The Plaza at Puente Hills, a $60-million, 70-acre regional promotional shopping center in City of Industry.

Someone wants to build a 40-acre spaceship in Burbank. The spaceship wouldn't fly, but just sit in the middle of downtown Burbank. It would contain department stores for earthbound consumers. Other builders would like to put a giant commercial farm downtown, or turn the property into a huge automobile center.

A Newport Beach developer Friday bought a major chunk of La Habra Fashion Square, taking the first step toward transforming the sleepy mall into a high-volume promotional center. Hopkins Development Co. paid less than $14 million, a comparatively low price, for about 14 acres of the 37-acre mall. The remaining acreage belongs to two companies with ties to the anchor tenants, Bullock's and Buffums department stores. City Freeholds USA Inc.

The largest of three owners of La Habra Fashion Square--the small, sleepy mall that has been one of Orange County's worst performers for years--is trying to sell its interest in the center for less than $14 million, a price that would mean selling at a loss, sources said Monday. An Orange County developer has proposed converting the 18-year-old mall into a promotional center with high-volume, discount retailers, the sources said.