How to Recover from best laid plans that blow up on you.

Acquired while anchor Hancock Fabrics was facing bankruptcy but had rents at half of market rate with expense caps, restaurant next door was at very low rent with short term lease, and CB Residential occupied 6000 sf of 7000 sf outparcel shop building that could be leased to conventional retailers at higher rents. 

Home Ranch Shopping Center was a remnant of Santa Anita Realty portfolio, acquired center with intent to replace Hancock Fabrics at higher rent, move CB Residential back into in-line shops with poor street visibility, add new monument sign and back fill front building with Blockbuster Video, Papa Johns and other classic retailers. Treasure Island PreSchool was struggling, Original Pancake House was second in chain had huge and loyal customer base. JoAnn Fabric bought Hancock and kept that lease, moved CB and backfilled 7000 sf outparcel with Blockbuster and Papa Johns, but Koo Koo Roos restaurant bankruptcy gave Original Pancake House completely furnished free standing restaurant next block west west for free and City crippled the preschool with costly compliance tests for its CUP, intentionally destroyed day care operator then denied use of existing CUP for replacement by top three Day Care Tenants including Kindercare and then denied new CUP to Goddard Schools. Ultimately sold to Brothers Christian of Yorba Linda at a profit.