By: Terry Richardson, President and COO of Petrie Richardson Ventures
- Published in SCBlog
Banning, Calif. — Marinita Development Co. has completed the development of a retail building at Sun Lakes Village Shopping Center in Banning, California.
Chantilly, Va. — 22 Capital Partners has announced plans to build the $500 million Gramercy District, a “smart city” mixed-use project in Chantilly, just outside of Washington, D.C.
New York City — A joint venture between Metropolitan Realty Associates and TIAA Global Asset Management has acquired HUB LIC, a four-story commercial building located at 47-25 34th St. in…
Irvine, Calif. — Lincoln Property Co. and Alcion Ventures have announced eight chef-driven tenants to open at Trade Food Hall in Irvine.
King of Prussia, Pa. — Simon has completed a 155,000-square-foot expansion at King of Prussia Mall, a shopping center located about 25 miles northwest of Philadelphia in King of Prussia.
New York City — Westfield celebrated the grand opening of its World Trade Center location on Tuesday, August 16.
New York City — A joint venture between Madison Capital and an undisclosed global real estate investment management firm has sold a 7,018-square-foot, single-tenant retail property occupied by Citibank in…
New York City— Cammeby’s International has begun construction on Neptune/Sixth, a mixed-use development located at 532 Neptune Avenue and 626 Sheepshead Bay Road in Brooklyn’s Coney Island.
Laguna Hills, Calif. — C.W. Driver Cos. has broken ground on Five Lagunas, a rebranding and renovation of Laguna Hills Mall in the Orange County city of Laguna Hills.
Canton, Ga. — South Coast Commercial has acquired Riverstone Mill, a 43,350-square-foot shopping center located in the Atlanta suburb of Canton, for $5.7 million.
Hendersonville, N.C. — The Boulder Group has arranged the $2.25 million sale of a single tenant Starbucks Coffee located at 103 Mitchell Drive in Hendersonville.
Westlake, Texas — Hillwood and The Howard Hughes Corp. will begin construction on a more than 2 million-square-foot mixed-use development at Circle T Ranch, a 2,500-acre master planned community located…
Wappingers Falls, N.Y. — Marcus & Millichap has arranged the $10.1 million sale of a 12,995-square-foot Walgreens property located approximately 70 miles north of New York City in Wappingers Falls.
Carefree, Ariz. — ORION Investment Real Estate has arranged the $1.4 million sale of Spanish Village, a 22,819-square-foot retail center located in Carefree.
Westwood, Mass. — American Realty Advisors, an institutional real estate investment manager, has acquired the shops at University Station, a newly constructed, 400,000-square-foot retail asset in the Boston suburb of…
Washington, D.C. — Harris Teeter is set to expand in Northern Virginia, Washington, D.C., and Maryland.
Ogden, Utah — Time Equities Inc. has acquired Newgate Mall, a 718,035-square-foot regional mall located in Ogden, for $69.5 million.
Corte Madera, Calif. — New York Life Real Estate Investors has provided a $225 million, 12-year mortgage loan for The Village at Corte Madera, a 460,000-square-foot regional mall located in…
Williston, Vt. — Cypress Equities has acquired Maple Tree Place, a 488,975-square-foot mixed-use development located in Vermont, for $90 million.
Savannah, Ga. — Tanger Outlet Centers Inc. has bought out partner Ben Carter Enterprises’ (BCE) ownership stake in Tanger Outlets Savannah, a 420,000-square-foot upscale outlet mall adjacent to the Savannah…
Washington, Pa. — PREIT has sold Washington Crown Center, a 673,000-square-foot regional mall located in Washington, Pennsylvania, for $20 million.
Gainesville, Fla. — NorthMarq Capital has arranged the $10.4 million refinance of Publix Market Square, a 71,007-square-foot shopping center located in Gainesville.
Miami — Colliers International South Florida has arranged the $14.9 million sale of ground-level retail space within Marinablue, a 57-story mixed-use skyscraper in downtown Miami.
Kansas City, Mo. — MIRASON Properties LLC has begun renovations on the 40,200-square-foot Watts Mill Shopping Center in Kansas City.
State College, Pa. — CA Student Living, the student housing division of CA Ventures, and Liberty Mutual have commenced construction on RISE at State College, a grocery-anchored mixed-use development located…
New York City — A joint venture between Extell Development Co. and SMI USA, the US subsidiary of Shanghai Municipal Investment, has unveiled plans to develop Central Park Tower, a $3 billion…
Cincinnati — Cincinnati-based Macy’s Inc. (NYSE: M) has announced that the company plans to close approximately 100 stores beginning in early 2017.
Kissimmee, Fla. — The Hampshire Cos. has acquired The Crosslands, a 529,300-square-foot power center located in Kissimmee, for $121 million.
Leawood, Kan. — Restoration Hardware Holdings Inc. (NYSE: RH) has opened a 56,000-square-foot design gallery at Town Center Plaza in the Kansas City suburb of Leawood.
Mesa, Ariz. — SVN | Desert Commercial Advisors has arranged the $7 million sale of Village Grove Plaza, an 82,373-square-foot shopping center located in Mesa.
Orlando, Fla. — IRC Retail Centers has purchased Phase II of Goldenrod Marketplace, a community shopping center located in Orlando, for $6 million in cash.
Around Atlanta and the rest of the country, there are few retail developments in the pipeline that aren’t attached to office or residential uses. During CREW Atlanta’s panel discussion titled…
Chicago — A joint venture between M&R Development and Bucksbaum Retail Properties LLC has broken ground on Addison & Clark, a mixed-use development situated on 2.3 acres across the street…
New York City — Westfield will celebrate the grand opening of its World Trade Center location on Tuesday, August 16 in New York City.
By: Terry Richardson, President and COO of Petrie Richardson Ventures
Scottsdale, Ariz. — Cushman & Wakefield has arranged the $47 million sale of Silverstone Marketplace, a newly constructed, 78,000-square-foot shopping center located in Scottsdale.
Homewood, Ill. — A joint venture between Besyata Investment Group and ALTO Real Estate Funds has acquired Washington Park Plaza, a 235,000-square-foot shopping center located in the Chicago suburb of…
Richardson, Texas — SHOP Cos. has arranged the $23.7 million sale of Eastside, a 67,071-square-foot mixed-use retail and office property located in Richardson.
Laveen, Ariz. — Hanley Investment Group Real Estate Advisors has arranged the $2.3 million sale of 51st & Southern, a 15,498-square-foot retail property located eight miles southwest of downtown Phoenix…
Baltimore — Greysteel has arranged the $28.6 million sale of Catonsville Plaza, a 280,000-square-foot shopping center located in Baltimore.
Yorba Linda, Calif. — A Beverly Hills-based investment group has acquired Home Ranch Center, a 54,169-square-foot shopping center located in the Orange County community of Yorba Linda.
Las Vegas — DZ Net Lease Realty LLC has arranged the $3.7 million sale of a 12,000-square-foot CVS/pharmacy located in Las Vegas.
Gainesville, Fla. — Wal-Mart Stores Inc. has relocated its Walmart Supercenter store from Butler Plaza to Butler North, a power shopping center that Butler Enterprises is developing along Clark Butler…
Columbus, Ga. — ACI Apartments has arranged the $2.3 million sale of a triple-net-leased Family Dollar located at 844 Veterans Parkway in Columbus.
Santa Monica, Calif. — Kennedy Wilson has arranged the $16 million sale of a 23,500-square-foot retail and multifamily property located at the corner of 11th Street and Wilshire Boulevard in…
Myrtle Beach, S.C. — Marcus & Millichap has arranged the $5.6 million sale of a 45,778-square-foot Walmart Neighborhood Market in Myrtle Beach.
Murrieta, Calif. — Coldwell Banker Commercial Advisors has arranged the $4.7 million sale of a 16,708-square-foot Rite Aid property located in Murrieta.
Woodridge, Ill. — Colliers International has arranged the $7.4 million sale of Main Street at Seven Bridges, a five-building, mixed-use development located in the Chicago suburb of Woodridge.
Boca Raton, Fla. — Boca Raton, Fla.-based Office Depot Inc. (NASDAQ: ODP) announced Wednesday that the company plans to close an additional 300 stores over the next three years in an attempt…
Los Angeles — High Street Residential, in partnership with Principal Real Estate Investors and the Cesar Chavez Foundation, has broken ground on LA Plaza Village, a 425,000-square-foot mixed-use project located…
Renton and Milton, Wash. — CE Enterprise Partners LLC has acquired two single-tenant Albertsons grocery stores totaling 97,021 square feet in the Seattle suburbs of Renton and Milton for $16.3…
Charlotte, N.C. — BC Wood Properties has acquired Catawba Village, a 56,840-square-foot shopping center located in Charlotte.
Redding, Calif. — Marcus & Millichap has arranged the $13.6 million sale of a 94,418-square-foot Shopko located in Redding, California.
Dallas — Dallas-based The Dealey Group has tapped Jesse Tron as head of communications to run the company’s new practice for corporate communications and PR.
Lakewood, Calif. — Coldwell Banker Commercial Advisors has arranged the $6.2 million sale of The Plaza at Gordon Ranch, a 9,939-square-foot retail center located in the Los Angeles suburb of…
Minneapolis — A joint venture between CA Residential LLC and Harlem Irving Cos. has broken ground on RISE at Prospect Park, a 530,842-square-foot, mixed-use development located in Minneapolis.
Lynden, Wash. — Capital Pacific has arranged the $19.3 million sale of The Marketplace at Lynden, a 70,442-square-foot shopping center located in Lynden.
Waycross, Ga. — Avison Young has arranged the $6.8 million sale of The Mall at Waycross, a 380,982-square-foot regional mall located in Waycross, Georgia.
Hayward, Calif. — Marcus & Millichap has arranged the $6.7 million sale of Mt. Eden Shops, a 10,184-square-foot retail property located at 25965-26250 Industrial Blvd. in the San Francisco suburb…
Several years after a punishing recessionary cycle, Michigan’s retail marketplace finds itself at somewhat of a crossroads. Steady and sustained economic growth and a robust retail recovery have things moving…
Woodbury, Minn. and Joliet, Ill. — Cronheim Mortgage has arranged two loans totaling $16.9 million to refinance two Gander Mountain stores in the Midwest.
Medford, Ore. — LBG Real Estate Cos. LLC is set to begin a $12 million redevelopment of Medford Center, a 420,000-square-foot entertainment and lifestyle center located in Medford.
Upland, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $3.9 million sale of a multi-tenant retail pad located in the Inland Empire community of Upland.
Miami — Weingarten Realty (NYSE: WRI) has acquired The Palms at Town & Country, a 664,000-square-foot, open-air shopping center located in Miami, for $285 million.
New York City — Macklowe Properties has announced that Whole Foods Market will anchor the retail component of One Wall Street in New York City.
Longmont, Colo. — NewMark Merrill Cos. has completed Phase I of development at Village at the Peaks, a 500,000-square-foot lifestyle center located in Longmont.
Gilbert, Ariz. — Cushman & Wakefield has arranged the $18 million sale of Lakeview Village, a 93,741-square-foot shopping center located in the Phoenix suburb of Gilbert.
Beverly, Mass. — Barnat Development has been selected by the Massachusetts Bay Transit Authority (MBTA) to develop a mixed-use, transit-oriented project at 112 Rantoul St. in the Boston suburb of…
Duluth, Ga. — Ten-X, formerly Auction.com, has teamed up with Hale Retail Group to market and sale Gwinnett Prado Shopping Center, a 361,715-square-foot, supermarket-anchored shopping center in Duluth.
Stamford, Conn. — CBRE has arranged the $45.3 million sale of Newfield Green, a 71,588-square-foot shopping center located in Stamford, roughly 35 miles outside of New York City.
Cerritos, Calif. — HFF has secured a $66 million refinancing for Plaza 183, a 360,875-square-foot, open-air retail center located in the Los Angeles suburb of Cerritos.
Boston — GLL Real Estate Partners has completed the disposition of a mixed-use building located at 70 Franklin St. in Boston.
Alpharetta, Ga. — PGIM Real Estate has acquired Avalon, a 1.1 million-square-foot mixed-use lifestyle center in the Atlanta suburb of Alpharetta.
Saginaw and Muskegon, Mich. — CBL & Associates Properties Inc. has sold two regional malls located in Michigan to an undisclosed private buyer for $66.5 million.
Westlake, Texas — Harbert Management Corp. has acquired Plaza at Solana, a three-building office, hospitality and retail mixed-use development located in the Dallas suburb of Westlake.
Corona Del Mar, Calif. — Corona Del Mar-based Hanley Investment Group Real Estate Advisors has arranged the sale of three 7-Eleven stores, located in California and Florida, for a total…
Los Angeles — Dunkin’ Donuts has signed an agreement with Precision Hospitality & Development to develop eight new restaurants in Los Angeles.
Cincinnati — Chicago-based fitness franchise The Barre Code is set to open a new location at 615 Main St. in downtown Cincinnati early next year.
Fayetteville, Ga. — A development team comprising Chick-fil-A CEO and Fayette County resident Dan Cathy and Jim Pace of Pace Lynch Corp. has revealed plans for a new master-planned development located adjacent…
Birmingham, Ala. — DRA Advisors LLC has sold The Colonnade, a 127,031-square-foot shopping center located in Birmingham.
Phoenix — Walmart has broken ground on a 148,000-square-foot Walmart Supercenter located at Metrocenter Mall in Phoenix.
Orlando and Bradenton, Fla. — Plaza Advisors has arranged the sale of two shopping centers located in Orlando and Bradenton, Florida.
Arroyo Grande, Calif. — PAQ Inc. has acquired a 63,737-square-foot vacant building located in Five Cities Center, a 467,000-square-foot power center located in the California Central Coast community of Arroyo…
While California is experiencing a construction boom across all property sectors, the latest Allen Matkins/UCLA Anderson Forecast Survey of commercial real estate developers and investors provides the first indication of…
San Diego — The San Diego Port Authority Commission has selected a $1.2 billion project proposal anchored by a 480-foot observation tower to transform 70 acres of downtown San Diego’s waterfront.
Livermore, Calif. — Summit, New Jersey-based RedMill Capital has received a $38.6 million loan for the construction of The Shoppes at Livermore, a 120,000-square-foot retail center to be located in…
Casa Grande, Ariz. — Marcus & Millichap has arranged the $3.4 million sale of a 3,616-square-foot, net-leased property occupied by Raising Cane’s in Casa Grande.
Santa Clara, Calif. — Irvine Co. Retail Properties has added seven new tenants to Santa Clara Square Marketplace, a 125,000-square-foot shopping center located in Silicon Valley.
Cumming, Ga. — Preferred Apartment Communities Inc. (PAC) has purchased Lakeland Plaza, a 301,711-square-foot shopping center located at the intersection of Georgia 400 and Highway 20 in Cumming.
Issaquah, Wash. — Regency Centers Corp. has acquired Klahanie Shopping Center, a grocery-anchored shopping center located in the Seattle suburb of Issaquah, for $36 million.
Novi, Mich. — Children’s clothing retailer Hanna Andersson and American Girl are set to open new locations at Twelve Oaks Mall, a 550,000-square-foot regional mall located in the Detroit suburb…
Chino, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $3.15 million sale of a 3,900-square-foot, multi-tenant pad building located at Stater Bros. Plaza in Chino.
Hicksville, N.Y. — Seven new tenants have joined Broadway Mall, a regional shopping mall located in the New York City suburb of Hicksville.
New York City — Tishman Speyer, in partnership with Qatar Diar, is moving ahead with the construction of a 1.1 million-square-foot office and retail project in Long Island City.
Sunbury, Pa. — Weis Markets Inc., a Mid-Atlantic grocery retailer, has reached an agreement with Food Lion LLC to purchase 38 Food Lion supermarket locations in Maryland, Virginia and Delaware.
Los Angeles — A property occupied by fashion house Bijan has traded hands on Rodeo Drive in Los Angeles.
Tempe, Ariz. — Orion Investment Real Estate has arranged the $2 million sale of Red Devil Center, an 18,170-square-foot shopping center located near Arizona State University in Tempe.
Leawood, Kan. — AMC Theatres (NYSE: AMC) has entered into a definitive agreement to acquire the largest theatre exhibitor in Europe, London-based Odeon & UCI Cinemas Group, from private equity…
Reno, Nev. — Shopoff Realty Investments has acquired Firecreek Crossing, a 348,000-square-foot regional power center located at the intersection of Kietzke Lane and Redfield Parkway in Reno, for $48.5 million.
Danbury, Conn. — NorthMarq Capital has arranged a $20 million refinance for North Street Shopping Center, a 212,406-square-foot retail property located in the New York City suburb of Danbury, Connecticut.
Grand Prairie, Texas — Southlake, Texas-based United Development Co. has begun the redevelopment of the former UA Theater Grand Prairie 10, located at the corner of Westchester Parkway and Carrier…
Tempe, Ariz. — ViaWest Group has acquired a 68,000-square-foot retail site located in Tempe for $2 million.
Ventura, Calif. — IRA Capital Advisors has acquired Poinsettia Plaza, a 153,200-square-foot shopping center located in Ventura, for $50 million.
Ukiah, Calif. — Hanley Investment Group has arranged the $15 million sale of Ukiah Crossroads, a 106,460-square-foot shopping center located in Ukiah.
Los Angeles — Next Century Partners has received $1 billion in construction financing for the Century Plaza mixed-use project in Los Angeles. The $2.5 billion project will include two residential towers…
Ukiah, Calif. — Meridian Capital Group has secured $19.6 million in acquisition financing for the purchase and repositioning of Pear Tree Center in Ukiah.
Woodbridge, Va. — The JBG Cos. have announced seven new retailers and restaurants set to open at Stonebridge at Potomac Town Center, a 482,631-square-foot retail center located in the Washington…
Three Rivers, Mich. — Friedman Integrated Real Estate Solutions has arranged the sale of Three Rivers Shopping Center, a 91,264-square-foot retail center located roughly 30 miles south of Kalamazoo in…
Atlanta — Newk’s Eatery, a Jackson, Mississippi-based fast casual restaurant chain, has signed a new development agreement with franchisee C^2 Investment Partners LLC for six new locations in the Atlanta area.
Sturbrudge, Mass. — Kimco Realty has completed the disposition of The Center at Hobbs Brook, a 230,590-square-foot retail center in Sturbridge.
Westlake, Ohio — New York Life Real Estate Investors has arranged a $48 million refinancing loan for The Promenade at Crocker Park in Westlake, approximately 15 miles southwest of Cleveland.
Jacksonville, Fla. — American Commercial Reality Corp. (ACR) has acquired Highland Square, a 277,000-square-foot shopping center located in Jacksonville.
Rochester, N.Y. — Rochester-based Broadstone Net Lease, a private REIT managed by Broadstone Real Estate, has acquired seven Red Lobster properties located in Arkansas, Indiana, Kentucky, Minnesota, New Mexico and…
Beachwood, Ohio — Beachwood-based DDR Corp. has named Thomas August president and CEO.
Lake Jackson, Texas — ALDI is set to open a 23,500-square-foot location in the Houston suburb of Lake Jackson.
MURPHY, TEXAS — Phillips Edison Grocery Center REIT I Inc. has acquired Murphy Marketplace, a 218,598-square-foot, Sprouts-anchored shopping center located in Murphy, a suburb 25 miles northeast of Dallas.
SCOTTSDALE, ARIZ. — Cushman & Wakefield has arranged the $15.6 million sale of Zocallo Plaza, a 51,195-square-foot shopping center located in the Phoenix suburb of Scottsdale.
HAZLET, N.J. — CBRE has arranged the sale of Kmart Plaza, a retail center located in Hazlet.
EVANSVILLE, IND. — CBRE has assisted Raben Tire Company Inc. in the sale-leaseback of 19 properties across five states.
MORENO VALLEY, CALIF. — Faris Lee Investments has arranged the sale of a Rite Aid property located at 24991 Alessandro Blvd. in Moreno Valley.
CARLSBAD, CALIF. — Matthews Retail Advisors has brokered the sale of a retail property located at 5802 Van Allen Way in Carlsbad.
AMHERST, N.Y. — WS Development has commenced construction of the first phase of its redevelopment of Northtown Plaza in Amherst.
Taylorsville, Utah — S Squared Development, along with financial partner Tri-Gate Capital, has experienced a surge of new tenant deals at The Crossroads at Taylorsville in Taylorsville. Located off Interstate…
HOUSTON — NewQuest Properties has arranged more than 23,000 square feet of retail leases in greater Houston.
SYLVANIA, OHIO — Friedman Integrated Real Estate Solutions has arranged the sale of Timberstone Center, a 35,347-square-foot retail property in Sylvania, approximately 15 miles west of Toledo, for an undisclosed…
Fort Lauderdale, Fla. — Stiles has completed The Enclave Shops at Coral Ridge, a 27,300-square-foot shopping center anchored by The Fresh Market.
New York City — HFF has secured a $32.1 million refinancing for a fully leased retail condominium located at 200 West End Ave. in Manhattan’s Upper West Side Neighborhood.
East Rutherford, N.J. — Lucky Strike Entertainment is set to open its For The Win gastropub concept at American Dream.
Santa Clara, Calif. — SVN | The Kase Group has arranged the $25.5 million sale of a 95,700-square-foot Home Depot property located in Santa Clara.
St. Joseph, Mo. and Mobile and Huntsville, Ala. — RCG Ventures Fund III has acquired three retail properties located in Missouri and Alabama.
Arlington, Texas — Marcus & Millichap has arranged the sale of Center Street East, a 14,114-square-foot retail strip center located in Arlington.
Anaheim, Calif. — The mayor and city council of Anaheim have unanimously approved construction of Jefferson Stadium Park, a 17.9-acre development adjacent to Angel Stadium of Anaheim, home of Major League Baseball’s…
Gardena, Calif. — Storm Properties Inc. has acquired Redondo Plaza, a grocery-anchored shopping center located in Gardena, roughly 16 miles south of Los Angeles.
Dallas — High Street Residential, in partnership with Northwestern Mutual Real Estate, has topped out Knox Heights, a six-story mixed-use development located along McKinney Avenue in Dallas.
Frisco, Texas — The Vitorino Group has arranged the sale of a freestanding retail property ground leased to McDonald’s in Frisco.
Dallas — The Dallas Cowboys and Legends Hospitality will open the Stadium Club at AT&T Stadium this fall.
Chicago — Novak Construction has finished work on a 30,000-square-foot Whole Foods Market at the City Hyde Park development. The store, located at 5118 S. Lake Park Ave., features a secret…
Tullahoma, Tenn. — NorthMarq Capital has arranged a $2 million loan for Jackson Circle Shopping Center, a 6,500-square-foot retail property located at 1603 N. Jackson St. in Tullahoma.
Boston — National Real Estate Advisors and The HYM Investment Group have unveiled plans to redevelop the Government Center Garage into Bulfinch Crossing, a six-building, 2.9 million-square-foot mixed-use development in…
Houston — HFF has arranged joint venture equity for the recapitalization of River Oaks District, a 650,000-square-foot, luxury mixed-use development in Houston.
Warrington, Pa. — Poag Shopping Centers, in partnership with real estate funds managed by Ares Management, has acquired The Shops at Valley Square, a 292,888-square-foot mixed-use property located in the…
Fremont, Calif. — A public/private partnership between the City of Fremont, TMG Partners, SARES-REGIS Group and Summerhill Homes has broken ground on Locale @ State Street, a mixed-use development located…
Washington, D.C. — The JBG Cos. and Malrite Co. are working together to develop a new and expanded International Spy Museum at L’Enfant Plaza in Washington, D.C.
Orlando, Fla. — Avison Young has arranged the $16.5 million sale of West Colonial Oaks, a 160,792-square-foot shopping center located in Orlando.
Scottsdale, Ariz. — Cushman & Wakefield has arranged the $15.6 million sale of Zocallo Plaza, a 51,195-square-foot shopping center located in the Phoenix suburb of Scottsdale.
Orlando, Fla. — Kimco Realty Corp. has sold East Orlando Shopping Center, a 131,981-square-foot, grocery-anchored center located in Orlando, for $6 million.
Maitland, Fla. — The Allen Morris Co. has begun construction on Maitland City Centre, a $68 million mixed-use development in Maitland, roughly 10 miles north of Orlando.
Dallas — Capital Pacific, in partnership with Legend Partners, has arranged the $19.5 million sale of a 163,545-square-foot Home Depot property in Dallas.
Arvada, Colo. — Pinnacle Real Estate Advisors LLC has arranged the $4.1 million sale of Indiana Marketplace, a 14,738-square-foot shopping center located in the Denver suburb of Arvada.
Birmingham, Ala. — CBRE has arranged the $8.4 million sale of The Shops on Montevallo, a 64,851-square-foot shopping center located in Birmingham.
Los Angeles and San Diego — Savills Studley has arranged the sale of a pair of shopping centers in Southern California for a combined sales price of $352 million.
Murfreesboro, Tenn. — Sterling Organization has signed a lease with Carmike Cinemas to open a new nine-screen, 47,000-square-foot Ovation Cinema Grill at Stones River Mall, a 594,588-square-foot enclosed regional mall…
Waterbury, Conn. — Katz Properties has acquired Mattatuck Commons, a shopping center located in Waterbury, for $21.6 million.
Chicago — Intercontinental Real Estate Corp. has sold the River East Center, a 251,060-square-foot, mixed-use property in the Streeterville area of downtown Chicago.
New York City — Macerich has announced that Primark and Zara will be opening as part of a redevelopment at Kings Plaza, a 1.1 million-square-foot enclosed mall located in the…
Louisville, Ky. — InvenTrust Properties Corp. has sold Westport Village, a 169,000-square-foot lifestyle center located in Louisville, for $23.75 million.
St. Louis — Mid-America Real Estate Corp. has arranged the $15.2 million sale of Southtown Centre, an 88,364-square-foot shopping center located in St. Louis.
Glendale, Ariz. — Lee & Associates has arranged the $8.7 million sale of North Canyon Ranch, a 70,428-square-foot, Goodwill-anchored shopping center located in Glendale.
Baltimore City, Md. — Greysteel has arranged the $7.5 million sale of Waverly Towers, a 51,550-square-foot urban retail center located in Baltimore City.
Beaumont, Texas — Baker Katz has redeveloped a fully leased retail site located in Beaumont.
Rochester, N.Y. — WinnDevelopment and GDD Properties, in a public-private partnership with New York State, have broken ground on the $200 million redevelopment of The Sibley Building, located at the intersection of…
New York City — French billionaire Marc Ladreit de Lacharrière has purchased a 100,000-square-foot office and retail building in Manhattan for $525 million.
Henderson, Nev. — LBG Real Estate Cos. LLC, in partnership with Aviva Investors Real Estate Capital Partners I-A LP, has sold a single-tenant, net-leased Home Depot location in the Las Vegas…
Snellville, Ga. — Publix Super Markets Inc. has purchased Publix at Centerville, a 68,752-square-foot shopping center located in Snellville, a suburb of Atlanta.
Eldersburg, Md. — Black Oak Associates has completed the $60 million redevelopment of Eldersburg Commons, a 300,000-square-foot shopping center formerly known as Carrolltown Mall.
Henderson and North Las Vegas, Nev. — Cushman & Wakefield has arranged the sale of four grocery-anchored shopping centers located in Henderson and North Las Vegas.
Winchester, Va. — Calkain Companies has arranged the sale of a Chick-fil-A property located within the Rutherford Crossing Shopping Center in Winchester for $3 million.
Tucson, Ariz. — Marcus & Millichap has arranged the $1.97 million sale of SurgCenter of Tucson, a 6,300-square-foot, net-leased property located in Tucson.
Norfolk, Va. — Simon Property Group has begun construction on Norfolk Premium Outlets, a 332,000-square-foot outlet mall located in Norfolk.
Carson, Calif. — KTGY Architecture + Planning has unveiled the design for Vintage Real Estate’s retailer expansion at SouthBay Pavilion, a 1.2 million-square-foot enclosed shopping center located in the Los…
Moosic, Penn. — U.S. Properties Group has announced the signing of two new leases totaling 11,500 square feet at the Shoppes at Montage, a lifestyle center located in Moosic.
Hamilton, Ohio — Sands Investment Group (SIG) has arranged the $10.2 million sale of a Kroger grocery store in Hamilton, approximately 30 miles north of Cincinnati.
Los Angeles — Peter Lowy, co-CEO of Westfield Corp., the Australia-based shopping center owner and operator that has its U.S. headquarters in Los Angeles, has been named to the U.S. Department…
Chicago — Cushman & Wakefield has arranged the $53.2 million sale of a 33,597-square-foot retail property in Chicago’s Gold Coast neighborhood.
North Hollywood, Calif. — North Hollywood, California-based iP2 Entertainment has partnered with National Geographic Partners LLC, a joint venture between National Geographic Society and 21st Century Fox, to develop a…
Seattle — KLM Equities Inc. has acquired the Hard Rock Café Seattle near Pike Place Market in Seattle for $20.8 million.
Memphis, Tenn. — Memphis-based Poag Shopping Centers will manage four outdoor lifestyle centers located in Georgia and Florida.
Tempe, Ariz. — CBRE has arranged the $1.7 million sale of a 3,288-square-foot, freestanding retail property located at 111 W. University Drive in Tempe.
Newbury Park, Calif. — CBRE has arranged the $15.3 million sale of The Terrace, a two-level, 39,634-square-foot shopping center located in Newbury Park.
Cincinnati — Cincinnati-based Phillips Edison Grocery Center REIT II has acquired six grocery-anchored shopping centers located in Florida, Massachusetts, Connecticut, Texas and Nevada.
New York and Los Angeles — NorthStar Asset Management Group Inc. (NYSE: NSAM), Colony Capital Inc. (NYSE: CLNY) and NorthStar Realty Finance Corp. (NYSE: NRF) have entered into a definitive merger…
Pinecrest, Fla. — Suniland Associates Ltd., an affiliate of Terranova Corp., has sold the 82,000-square-foot Suniland Shopping Center to a Denver-based REIT for $66.5 million.
Rochester, N.Y. — Wilmorite has announced plans to convert The Marketplace Mall, an enclosed regional mall located in Rochester, into an outlet center.
Chattanooga, Tenn. — Goldman Sachs Mortgage Co. has provided a $107 million loan to CBL & Associates Properties Inc. for Hamilton Place Mall, an enclosed regional mall located in Chattanooga.
Irving, Texas — Pierson Retail Advisors (PRA) has arranged the sale of Market Square, a 49,727-square-foot shopping center located in the Dallas suburb of Irving.
Denver, Colo. — Developers Tom and Brooke Gordon have chosen OZ Architecture to design DriveTrain, a mixed-use development to be built in Denver’s RiNo neighborhood.
Bloomfield Hills, Mich. — Bloomfield Hills-based Agree Realty Corp. has acquired a portfolio of 11 net lease retail properties for $79.5 million.
San Bernardino, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $8.57 million sale of Seven Trees Shopping Center, a 150,338-square-foot, Target-anchored shopping center located in San Bernardino.
Houston — Hartman Retail II, a Delaware Statutory Trust, has purchased Mission Bend Shopping Center in Houston for $15.1 million.
Chicago — Chicago-based @properties has hired Michael Richwine as senior commercial broker.
Deer Valley, Utah — ValueRock Realty Partners has obtained entitlements and approvals for the 87-acre Deer Cove Master Plan, one of the largest planned mixed-use communities in the Deer Valley/Park…
McCandless, Penn. — HFF has secured a $70 million permanent loan for McCandless Crossing, a 354,567-square-foot town center located in the Pittsburgh suburb of McCandless.
Plano, Texas — The Vitorino Group has arranged the sale of Willow Bend Crossing, the second phase of a newly constructed shopping center located near the southwest corner of the…
Fort Worth, Texas — Marcus & Millichap has arranged the sale of a 3,000-square-foot property net-leased to Dunkin’ Donuts in Fort Worth.
Sleepy Hollow, N.Y. — A joint venture between SunCal and Diversified Realty Advisors has broken ground on Edge-On-Hudson, a $1 billion development on the Hudson River in Sleepy Hollow, located approximately 20…
Englewood, Colo. — Englewood-based Sports Authority Inc. has announced that it will close the doors to all 463 of its locations by the end of August.
New York City — New York REIT (NYSE: NYRT) has agreed to acquire all properties of JBG Cos. and some of its private funds, creating an $8.4 billion real estate investment…
Manhattan Beach, Calif. — JLL Retail is set to begin the $150 million redevelopment of Manhattan Village Shopping Center, a 44-acre, 573,000-square-foot mixed-use center located in Manhattan Beach.
Germantown, Tenn. — Trademark Property Co. has signed three new retailers to join Saddle Creek, a 173,000-square-foot outdoor lifestyle retail center in Germantown, roughly 22 miles east of Memphis.
Old Bridge, N.J. — The Brunetti Organization is developing The Oaks at Glenwood, a 2,400-acre mixed-use town center development in Old Bridge.