Note 3 - Discontinued Operations

3 Months Ended

Jun. 30, 2013

Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]

Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]

3.   Discontinued Operations

On June 5, 2013, the Company sold the Nimbus Winery Shopping Center, a non-grocery anchored, non-core shopping center located in Rancho Cordova, California. The sales price of this property of approximately $6.3 million, less costs to sell, resulted in proceeds to the Company of approximately $5.6 million.  Accordingly, the Company recorded a loss on sale of property of approximately $714,000 for the three and six months ended June 30, 2013, which has been included in discontinued operations.  The carrying value of the property as of December 31, 2012 was approximately $6.3 million.