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- Daniel Donahue and Thomas Schriber join forces to create Donahue
Schriber, a company committed to out-of-the-box thinking and
innovative retail concepts.
- The company develops The Esplanade, its first regional mall, in
Oxnard, California. The landmark Glendale Galleria, and three
other regional malls are developed in Southern California -
Montebello Town Center, Central City Mall and Hemet Valley Mall.
- Three neighborhood centers in Orange and San Bernardino
counties are developed, an early indicator of Donahue Schriber's
future focus.
- Portfolio: 14 centers in California - representing 6
million square feet (GLA)
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- Deal finalized to manage a major portion of the Irvine Company's retail portfolio.
- Tustin Market Place (now The Market Place), one of America's first power centers, is developed and opened in Southern California.
- Donahue Schriber completes a three-year, $100 million renovation of Fashion Island in Newport Beach, California - transforming it into one of the Southland's premier regional lifestyle centers.
- In one of the first "de-malling" in the industry, Anaheim Plaza, an enclosed regional mall, is demolished and replaced by a stylish new power center.
- A second level, a Nordstroms and two parking structures are added to the Galleria at Tyler (Riverside, California), culminating a $120 million makeover.
- The company expands into Northern California with the development of a new power center, Santa Rosa Marketplace.
- Del Mar Highlands Town Center, a lifestyle/community center, and two new neighborhood centers are developed in the Southland.
- Marking the company's largest partnership with an outside investor, Cambridge Shopping Centers purchases 50 percent of Donahue Schriber.
- Portfolio: 16 centers and 3 commercial office buildings in California - representing 7.6 million square feet (GLA)
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- Striking out in a bold new direction, the company shifts its focus to the acquisition and development of neighborhood and community centers.
- Donahue Schriber establishes its own private real estate investment trust (REIT) and was recapitalized with pension fund dollars and a private investor commitment.
- The acquisition of Diversified Shopping Centers -- and its 32-center portfolio spanning California, Arizona and Nevada - brings the company's total properties to 46, representing 12.5 million square feet.
- A $40 million renovation of Glendale Galleria is completed - including The Zone, a cutting-edge, 15,000 sq. ft. retail district within the mall that features a radio station, lounge area and tenants targeted to the Gen-Y market.
- Glendale Galleria is sold, ending the company's ownership of regional malls.
- Portfolio growth accelerates with the further development of power and neighborhood centers in Northern California.
- Donahue Schriber continues to expand into Nevada and Arizona, developing two neighborhood centers in Las Vegas and a community center in Scottsdale.
- Thomas Schriber named chairman to succeed the late Daniel Donahue; Patrick Donahue named president and CEO; Lawrence Casey named COO.
- The company expands into Oregon with the acquisition of Keizer Station Village Center, a Regional Power Center of approximately 600,000 square feet.
- Portfolio: 83 centers in Arizona, California, Nevada and Oregon - representing 13 million square feet (GLA)
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With a focus on necessity-based retailing, the company plans to
accelerate its growth in the acquisition and development of
neighborhood, community power centers across the Western United States --
leveraging our 41-years of experience in a wide range of retail formats
to deliver solutions that work.
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