A glimpse at what retail marketing professionals can expect to see and hear at RECon 2016.
By: Mark Winter, founder and president of Identity Marketing & Public Relations
- Published in SCBlog
A glimpse at what retail marketing professionals can expect to see and hear at RECon 2016.
By: Mark Winter, founder and president of Identity Marketing & Public Relations
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.
Miami — Swire Properties Inc., along with co-developers Whitman Family Development and Simon Property Group, has signed 11 new retailers as tenants of Brickell City Centre’s 500,000-square-foot shopping center in…
Chicago — Baum Realty Group LLC has arranged the sale of a retail property in Chicago’s Edgewater neighborhood for $14.1 million.
Birmingham, Ala. — Birmingham-based Retail Specialists has named Beau Young senior vice president.
Las Vegas — Las Vegas-based NewMarket Advisors has hired Michelle Bauer as a retail real estate advisor.
Las Vegas — This is a “Rodney Dangerfield recovery,” declares Dr. Ben Bernanke, former chairman of the Federal Reserve. Much like the late comedian, it gets no respect.
Walnut Creek, Calif. — Tallen Capital Partners LLC and Citivest Commercial LLC, alongside an undisclosed equity partner, are set to begin the redevelopment of Rossmoor Shopping Center, a 108,000-square-foot retail…
Miami Beach, Fla. — Marcus & Millichap has arranged the $12.3 million sale of Plaza 1600 South Beach, a 6,090-square-foot retail property located in Miami Beach’s South Beach neighborhood.
Austin, Texas — Misuma Holdings is set to begin the redevelopment and rebranding of Highland Village, a 120,000-square-foot retail center located in Austin.
Concord, Calif. — Sterling Organization has acquired Olivera Crossing, a 47,571-square-foot shopping center located in Concord, from West Valley Properties for $12 million.
Marietta, Ga. — Franklin Street has arranged the $7 million sale of Whitlock Village, a 61,180-square-foot shopping center located in Marietta.
Franklin, Mass. — NorthMarq Capital has arranged the $50 million refinancing of Franklin Village, a 303,096-square-foot, grocery-anchored mixed-use center located in the Boston suburb of Franklin.
Atlanta — The Atlanta Braves and development partner Fuqua Development have revealed eight new retail, dining and entertainment concepts coming to The Battery Atlanta, a 1.5 million-square-foot mixed-use development surrounding…
Charleston, S.C. — North American Properties – Atlanta has unveiled plans to develop Lorelei, a 160-acre, upscale mixed-use project located on Laurel Island in Charleston.
Virginia Beach, Va. — Armada Hoffler Properties Inc. plans to develop a $32 million mixed-use project within the 17-block Town Center of Virginia Beach.
St. Peters, Mo. — GBT Realty Corp. has unveiled plans to develop The Shoppes at Mid Rivers, a $54 million retail center located in the St. Louis suburb of St…
The Colony, Texas — Jackson-Shaw has begun construction on a four-restaurant dining and entertainment development known as The Oasis.
Westminster, Calif. — Marcus & Millichap has arranged the sale of Little Saigon Shopping Center, an 85,133-square-foot shopping center located in Westminster’s Little Saigon community.
Atlanta — Atlanta-based Preferred Apartment Communities Inc. has acquired a six-property, grocery-anchored retail portfolio through its retail subsidiary New Market Properties LLC.
Crowley, Texas and Santa Maria, Calif. — Phillips Edison Grocery Center REIT II has acquired two grocery-anchored shopping centers in Texas and California.
Mandeville, La. — Stirling Properties has opened a new Whole Foods Market at Premier Centre in the New Orleans suburb of Mandeville.
Commerce, Calif. — Commerce-based Smart & Final has opened 33 Smart & Final Extra! warehouse-style grocery stores in California.
White Marsh, Md. — Construction has begun on Greenleigh at Crossroads, a $750 million phase of Baltimore Crossroads, a 1,000-acre mixed-use development in White Marsh in the eastern section of Baltimore County.
Boca Raton, Fla. — The merger agreement between Staples Inc. (NASDAQ: SPLS) and Office Depot Inc. (NASDAQ: ODP) has been terminated. As a result, Office Depot will receive a cash payment from…
Arlington, Va. — A joint venture between Regency Centers Corp. (NYSE: REG) and AvalonBay Communities Inc. (NYSE: AVB) has acquired Market Common Clarendon, a mixed-use development located in Arlington, for $406 million.
Miami — The Richman Group Development Corp. (Richman), a subsidiary of The Richman Group of Florida Inc., has acquired a 2.2-acre, fully approved land site in Miami for the development…
Batavia, Ill. — Cushman & Wakefield has arranged the $15 million sale of Fabyan Randall Plaza, a 91,415-square-foot shopping center located in the Chicago suburb of Batavia.
Tampa, Fla. — Phillips Edison Grocery Center REIT II has acquired Bloomingdale Hills, a 78,442-square-foot, grocery-anchored shopping center located in the Riverview area of Tampa, for $9.2 million.
Memphis, Tenn. — IKEA plans to install Tennessee’s largest solar rooftop system atop its Memphis store set to open in the fall.
New York City — Related Cos. and LargaVista Cos. have broken ground on 300 Lafayette Street, an 80,000-square-foot, mixed-use boutique office and retail building located in New York City’s SoHo…
Boston — The Boston Redevelopment Authority Board has given approval for Edens to construct a 700,000-square-foot mixed-use development in the South Bay submarket of Boston.
Delano, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $3.2 million sale of Glenwood Square, a 6,808-square-foot retail strip center located in Delano.
Tacoma, Wash. — CBRE has arranged the $26.7 million sale of Lincoln Plaza, an 80,922-square-foot retail center located in Tacoma.
Skokie, Ill. — Mid-America Real Estate Corp. has arranged the sale of the multi-tenant portion of Touhy Marketplace, an 18,700-square-foot retail property located in the Chicago suburb of Skokie.
Sanford, Fla. — Demolition work has commenced on Flea World, the one-time home of “the nation’s largest flea market under one roof,” in Sanford approximately 25 miles north of Orlando.
Myrtle Beach, S.C. — Misuma Holdings and Peak Financial Partners Inc. have announced plans to begin a $30 million redevelopment of Myrtle Beach Mall.
Savannah, Ga. — The Southeastern Investment Sales Team has arranged the $49 million sale of Market Walk, a 255,000-square-foot shopping center in Savannah.
St. Paul, Minn. — St. Paul-based Gander Mountain is set to open three new stores in Colorado, Pennsylvania and Texas this fall.
Daytona Beach, Fla. — International Speedway Corp. (ISC), a motorsport event promoter and owner/operator of 13 motorsport entertainment facilities, has broken ground on ONE DAYTONA, a 300,000-square-foot mixed-use project in Daytona Beach.
Harrisburg, Pa. — Macy’s has opened its new Backstage concept within 25,000 square feet of space on the first level of Harrisburg Mall, located on Paxton Street in Harrisburg.
Los Angeles — NorthMarq Capital has arranged $3 million in acquisition financing for 24th & Vermont, a 19,280-square-foot mixed-use property located at 451-467 North Western Avenue in Los Angeles.
Chula Vista, Calif. — NGKF Capital Markets has arranged the sale of The Marketplace at Windingwalk, a 104,206-square-foot, grocery-anchored shopping center located in the San Diego suburb of Chula Vista.
A glimpse at what retail marketing professionals can expect to see and hear at RECon 2016. By: Mark Winter, founder and president of Identity Marketing & Public Relations
Los Gatos, Calif. — Donahue Schriber has acquired Los Gatos Village Square, a 46,235-square-foot grocery-anchored shopping center located in the San Francisco Bay area community of Los Gatos.
Centennial, Colo. — Pinnacle Real Estate Advisors LLC has arranged the sale of Centennial Corners, an 18,719-square-foot shopping center located in the Denver suburb of Centennial.
Houston — Baker Katz has acquired a 12,000-square-foot retail building located on 40,000 square feet in the Timbergrove neighborhood of Houston.
Pottstown and Reading, Pa. — CBRE Group Inc. has arranged the sale of North End Shopping Center in Pottstown and Madeira Plaza in Reading.
Walnut Creek, Calif. — MoMo’s American Bar & Grill, the AT&T Park-adjacent restaurant and mecca for San Francisco Giants’ fans, is opening a second location in Walnut Creek, roughly 25…
Perris, Calif. — Eight new retailers are set to open at Perris Marketplace, a Super Walmart-anchored shopping center located in Perris.
Greenwood, Ind. — Envoy Net Lease Partners LLC has provided a construction loan for the development of a single-tenant, net-lease American Mattress retail outlet in Greenwood, Indiana.
Dallas — Max Tsai and Peter Kosley of Henry S. Miller’s retail division have arranged the sale of Lucky 7 Plaza in Dallas.
Deerfield Beach, Fla. — Weingarten Realty Investors has acquired Deerfield Mall, a 394,248-square-foot, Publix-anchored shopping center located in the South Florida community of Deerfield Beach, for $92.75 million.
Winston-Salem, N.C. — Jab Beech Inc. and Krispy Kreme Doughnuts Inc. have entered into a definitive merger agreement under which JAB will acquire Krispy Kreme for $21-per-share in cash, or…
Morristown, Tenn. — CBL & Associates Properties Inc. has announced that Dick’s Sporting Goods and Ulta Beauty will be joining College Square Mall in Morristown.
Frisco, Texas — The Dallas Cowboys have unveiled plans for a 200,000-square-foot retail block at The Star in Frisco, a $1.5 billion, 91-acre mixed-use development that will include the NFL…
Crystal, Minn. — Paster Properties has acquired a 5,000-square-foot outlot for the development of a retail building with a drive-thru located in Crystal, less than ten miles outside of Minneapolis.
Aurora, Colo. — Matthews Retail Advisors has arranged the $4 million sale of Quincy Corners, a 15,765-square-foot shopping center located in the Denver suburb of Aurora.
Denville, N.J. — CBRE Group has arranged the sale of The Shoppes at Union Hill, a lifestyle center located in Denville.
Decatur, Ga. — Whole Foods Market has selected Decatur as one of the first cities to introduce its new 365 by Whole Foods Market concept.
General Growth Properties partners with Daktronics to create a one-of-a-kind entertainment experience for Fashion Show in Las Vegas. The technology has applications for centers around the globe.
Scottsdale, Ariz. — Five Star Development has announced plans to break ground on a high-end mixed-use center that will be connected to the $2 billion Ritz-Carlton, Paradise Valley master-planned development…
Los Angeles — George Smith Partners has secured financing on behalf of Canadian retail investment firm CormackHill LP for the $43 million acquisition of the iconic Fred Segal retail property…
Granite Bay, Calif. — Vestar has acquired Sierra Oaks Plaza, a 105,555-square-foot neighborhood shopping center located in the Sacramento suburb of Granite Bay, for $28.1 million.
Glendale, Ariz. — CBRE has arranged the $10 million sale of Shops at Arrowhead Gateway, a 35,684-square-foot shopping center located on an outparcel of Arrowhead Towne Center Mall in Glendale.
Pomona, Calif. — Marcus & Millichap has arranged the sale of Foothill Square, a 123,127-square-foot shopping center located in the Los Angeles suburb of Pomona.
New York City — After losing money for 13 consecutive quarters, teen apparel retailer Aéropostale Inc. (OTCQX: AROP) has filed for Chapter 11 Bankruptcy protection.
Bellevue, Wash. — Vulcan Real Estate has acquired Bellevue Plaza, a 60,000-square-foot shopping center located in Bellevue, roughly 10 miles outside of Seattle.
Carlsbad, Calif. — CBRE Capital Markets’ Debt & Structured Finance team has arranged a $43 million loan for Cornerstone Real Estate Advisers LLC to refinance Bressi Ranch Village Center, a retail…
Coconut Creek, Fla. — AEW Capital Management L.P. has acquired Promenade at Coconut Creek, a 297,557-square-foot LEED Silver certified lifestyle center.
Rosenberg, Texas — NewQuest Properties has finalized a 38,835-square-foot lease with 24 Hour Fitness Worldwide Inc. at the 550-acre Brazos Town Center in the Houston suburb of Rosenberg.
Bal Harbour, Fla. — Whitman Family Development has submitted updated plans for a $400 million expansion of Bal Harbour Shops, an upscale, 450,000-square-foot open-air shopping center located near Miami Beach…
Chicago — Mid-America Real Estate Corp. has arranged the $46.5 million sale of The Heritage Shops at Millennium Park, a 98,547-square-foot street-retail property located in Chicago.
Santa Clarita, Calif. — Hanley Investment Group Real Estate Advisors (HIG) has arranged the sale of Bouquet Center, a 148,903-square-foot, grocery-anchored shopping center located in the Los Angeles suburb of…
Lake Oswego, Ore. — 365 by Whole Foods Market will open its second West Coast location in Lake Oswego, Oregon, on July 14.
Philadelphia — CBRE Group Inc. has named Paige Jaffe first vice president of the retail team at the company’s Philadelphia office.
North Myrtle Beach, S.C. — Inland Real Estate Income Trust Inc. has acquired Coastal North Town Center, a 311,313-square-foot shopping center located in North Myrtle Beach.
Fort Collins, Colo. — US Property Trust has acquired Mulberry & Lemay Crossing, an 18,988-square-foot shopping center located in Fort Collins.
San Diego, Calif. — San Diego-based Excel Trust has named Luke Petherbridge president and CEO.
McDonough, Ga. — Cabela’s is set to open a 70,000-square-foot location in the newly proposed Jodeco Atlanta South development in the Atlanta suburb of McDonough.
Waco, Texas — Metropolitan Capital Advisors has arranged a $1 million fixed-rate senior mortgage for a 4,384-square-foot restaurant in Waco.
Pottstown, Pa. — Deerwood Real Estate Capital has closed a $15.5 million loan to finance the acquisition and redevelopment of an enclosed mall in Pottstown.
Chicago — Sedgwick Properties has completed the development of a 43,000-square-foot LA Fitness in Chicago’s Gage Park neighborhood.
Cary, N.C. — Lincoln Harris has brokered five leases totaling nearly 14,000 square feet at The Arboretum at Weston, an 80,000-square-foot mixed-use development located in Cary.
Morrow, Ga. — U.S. Properties Group has completed an extensive makeover of the former Southlake Pavilion in Morrow, a suburb of south Atlanta roughly 10 miles down I-75 from Hartsfield-Jackson…
Ever wonder why retailers use the bankruptcy code as an exit strategy or path to restructure? Here’s a look.
Cary, N.C. — K&G Fashion Superstore is set to open a new 10,400-square-foot location at Crossroads Plaza, a 640,000-square-foot shopping center located in Cary.
Plantation, Fla. — Epic Real Estate Partners has acquired Jacaranda Plaza, a 173,044-square-foot shopping center located in the Miami suburb of Plantation, for $29.3 million.
Alpharetta, Ga. — North American Properties (NAP), developer of the 86-acre, $600 million Avalon development in Alpharetta, has announced nine retailers coming to Phase II of Avalon, which is set…
Ann Arbor, Mich. — Brixmor has added three new anchor tenants to Maple Village shopping center in Ann Arbor.
Long Beach, Calif. — Los Angeles-based Urban Commons has assumed a 66-year master lease of the historic Queen Mary docked in the Long Beach Harbor.
Sugar Land, Texas — Marcus & Millichap has arranged the sale of a 1,850-square-foot, net-leased Starbucks Coffee located in Sugar Land.
Las Vegas — Beverly Hills-based BIG Shopping Centers USA has sold Sahara Pavilion South, a 158,394-square-foot shopping center located in Las Vegas, to 3D Investments for $20.5 million.
Miami — Swire Properties Inc. and its retail co-developers Whitman Family Development and Simon Property Group have inked a lease for a 38,000-square-foot Italian indoor food hall concept at Brickell…
Jacksonville, Fla. — Equicap, a real estate investment advisory firm based in New York, has arranged an $18 million acquisition loan for a 155,899-square-foot shopping center in Jacksonville.
Dallas — RED Development has begun construction on The Union Dallas, an 800,000-square-foot office, residential and retail project expected for completion in 2018.
Hoffman Estates, Ill. — Sears Holdings will close 68 Kmart and 10 Sears stores this summer, 23 of which are located in the Midwest.
Stevenson Ranch, Calif. — Hanley Investment Group Real Estate Advisors has arranged the sale of Stevenson Ranch Plaza, a 187,035-square-foot shopping center located in the Los Angeles suburb of Stevenson…
Buford, Ga. and Little Rock, Ark. — La Madeleine Country French Café has opened two new restaurants in Buford, Georgia, and Little Rock, Arkansas.
By: Thomas S. Onder, Shareholder, Stark & Stark
Chino, Calif. — Ed Hanley and Bill Asher of Hanley Investment Group Real Estate Advisors have been chosen to market the sale of Stater Bros. Plaza, a 73,600-square-foot shopping center…
Elizabeth City, N.C. — IRC Retail Centers Inc. has purchased Tanglewood Pavilions, a newly built, 158,000-square-foot retail power center located in Elizabeth City.
Alexandria, Va. — KLNB Retail has arranged the sale of New Grand Shopping Center, a 65,330-square-foot shopping center located in Alexandria, roughly 10 miles outside of Washington, D.C.
Riverview, Fla. — NorthMarq Capital has arranged the $14 million refinancing of Publix at Summerfield Crossings, a 69,917-square-foot shopping center located at 13146 U.S. Highway 301 South in Riverview.
San Marcos, Texas — On April 25, fast-casual restaurant chain Newk’s Eatery will open its first location in San Marcos.
Cedar Park, Texas — Endeavor Real Estate Group has signed leases with more than 20 tenants for its retail development The Parke, located in the Austin suburb of Cedar Park.
Schererville, Ind. — Pine Tree Commercial Realty LLC has acquired Town Square shopping center, a 138,571-square-foot center located 45 minutes away from Chicago in Schererville, for $23 million.
Bellflower and Gardena, Calif. — SBH Real Estate Group Inc. has acquired a freestanding retail building located in Bellflower and a retail center located in Gardena for an aggregate price…
Meriden, Conn. — Vestis Retail Group LLC, the parent company of sporting goods and apparel retailers Eastern Mountain Sports (EMS), Bob’s Stores and Sport Chalet, filed for Chapter 11 bankruptcy…
Roswell, Ga. — HFF has secured a $9.75 million refinancing for Connexion at Holcomb Bridge, a 106,769-square-foot retail center in the Atlanta suburb of Roswell, Georgia.
Taylorsville, Utah — Regal Cinemas has broken ground on an over $20 million megaplex located at The Crossroads of Taylorsville shopping center in the Salt Lake City suburb of Taylorsville…
Mesa, Ariz. — CBRE has arranged the sale of Tri-City Pavilions, a 96,336-square-foot shopping center anchored by Safeway in Mesa.
Wichita Falls, Texas — Pierson Retail Advisors (PRA) has arranged the sale of a 1,935-square-foot, sinlge-tenant Starbucks Coffee located in Wichita Falls.
Chicago — Banana Republic has signed a 6,078-square-foot lease to occupy a two-story retail building under construction in the Lincoln Park neighborhood of Chicago.
By: David Zelman, vice president in the retail mixed-use studio of FRCH Design Worldwide.
Cincinnati — Cincinnati-based Phillips Edison Grocery Center REIT II Inc. has acquired three grocery-anchored shopping centers located in Georgia, New York and Florida.
Dublin and Petaluma, Calif. — Regency Centers, in partnership with SoCore Energy and several of its retail partners, has installed over 750 kilowatts of rooftop solar photovoltaic systems at Persimmon…
Bellflower, Calif. — Charles Dunn Co. has arranged the $3.2 million sale of a 5,000-square-foot, single-tenant, triple-net-leased property occupied by Union Bank in the Los Angeles suburb of Bellflower.
Kissimmee, Fla. — Equity Investment Services (EIS) has sold Minilik Plaza, a 17,014-square-foot shopping center located in Kissimmee, for $2 million.
Portland, Ore. — Commercial Income Advisors Inc. has arranged the $4.4 million sale of a single-tenant, triple-net-leased 7-Eleven located in Portland.
Lansing, Mich. — Chick-fil-A will break ground Tuesday on the first store in a series of new openings in Michigan.
San Francisco — Dunkin’ Donuts has signed multi-unit store development agreements with four franchise groups for a total commitment of 29 new restaurants throughout California over the next several years.
Middleburg, Fla. — NAI Avant has brokered the $2 million sale of a newly developed Family Dollar store in Middleburg.
Red Hook, N.Y. — Sperry Van Ness | Realty Three Advisors has arranged the sale of a retail property located along North Broadway in Red Hook.
Orlando, Fla. — JK2 Construction has wrapped up construction on the Hello Kitty and Betty Boop interactive retail experience at Universal Studios in Orlando.
Hollywood, Fla. — Kimco Realty Corp. has purchased the remaining 45 percent ownership interest in the Oakwood Plaza shopping center and the Dania Pointe mixed-use development in Hollywood for a gross purchase…
Covington, La. — Cypress Equities has acquired Covington Nord du Lac shopping center, a 460,000-square-foot regional power center located in Covington.
Roanoke, Va. — H&R Retail has arranged the sale of Valley View, an 81,789-square-foot shopping center located at 1123 Valley View Blvd. in Roanoke.
Fort Worth, Texas — The Woodmont Co., in partnership with AIL Investment LP, has received tax incentives for the proposed Outlets at Alliance project from the city of Fort Worth.
Scranton, Pa. — PREIT has inked a deal to bring a dual-store format concept to Viewmont Mall in Scranton.
La Mesa, Calif. — Hanley Investment Group has arranged the sale-leaseback of a 2,806-square-foot, single-tenant Wendy’s restaurant in the San Diego suburb of La Mesa.
Atlanta — Charlotte-based FCA Partners has announced three new tenants joining The Exchange, a 44,500-square-foot retail center in Atlanta’s Buckhead district.
Cape Coral, Fla. — Stiles Realty has signed Starbucks Coffee and Chipotle Mexican Grill to lease outparcel space at Coralwood Center, a 349,205-square-foot retail center located in Cape Coral.
Garland, Texas — Marcus & Millichap has arranged the sale of Broadway Plaza, an 8,228-square-foot retail property located in Garland.
Novi, Mich. — Novi-based The Kroger Co. of Michigan will invest $180 million in Michigan’s grocery sector during 2016 by adding three Kroger Marketplace stores and six new fuel centers.
Westmont, Ill. — The Missner Group will complete a large-scale renovation for McGrath Acura in Westmont, approximately 23 miles west of Chicago.
Atlanta — The Allen Morris Co., a Coral Gables, Fla.-based real estate developer, has announced plans for Star Metals, a $210 million mixed-use development in Atlanta’s West Midtown neighborhood.
Bourbonnais, Ill. — The Silver Group has arranged the sale of a retail building net leased to Jiffy Lube in Bourbonnais, approximately 60 miles southwest of Chicago.
Holly Hill, S.C. — Namdar Realty Group has acquired an 11,000-square-foot Advance Auto Parts location in Holly Hill.
Los Angeles — The developers of The Bloc, a 1.1 million-square-foot office, retail and hospitality redevelopment in downtown Los Angeles, have received a $225 million permanent loan to finance the project.
Bee Cave, Texas — Disney Investment Group (DIG) has arranged the sale of Shops at the Galleria, a 537,685-square-foot retail center located in the Austin suburb of Bee Cave.
Durham, N.C. — InvenTrust Properties Corp. has acquired Renaissance Center, a 363,176-square-foot retail center located in Durham, for $129.2 million.
Anaheim, Calif. — Trammell Crow Residential has acquired a 4.3-acre site in the CtrCity district of Anaheim for the development of Alexan CtrCity.
Las Vegas — Eight new tenants are set to open locations at The LINQ Promenade, Caesars Entertainment's open-air shopping, dining and entertainment district located on the Las Vegas Strip.
Alpharetta, Ga. — Coro Realty Advisors has acquired North Point Village Phase I, a 57,219-square-foot retail center located in the Atlanta suburb of Alpharetta.
Colton, Calif. — Progressive Real Estate Partners has arranged the $1.9 million sale of Bluffs Crossing, a 6,167-square-foot retail property located at 1231 E. Washington St. in Colton, California.
Charlotte, N.C. — Unison Realty Partners has purchased Johnston Road Plaza, a 79,508-square-foot grocery-anchored shopping center in Charlotte, for $15.3 million.
DeSoto, Texas — Pierson Retail Advisors (PRA) has arranged the sale of Townsend Square, a 147,235-square-foot shopping center located in the Dallas suburb of DeSoto.
Cleveland — Namdar Realty Group has acquired a 6,600-square-foot Key Bank location in Cleveland.
Riverside, Calif. — CBRE has arranged the $43.9 million sale of University Village, a 180,681-square-foot, movie theater-anchored shopping center located in Riverside.
Lakewood, Ohio — Phillips Edison Grocery Center REIT II Inc. has acquired Lakewood City Center, a 67,280-square-foot shopping center located in the Cleveland suburb of Lakewood.
Los Angeles, Calif. — Meridian Capital Group has secured the $4.8 million refinancing of a 12,630-square-foot mixed-use property located in Los Angeles.
Lake Charles, La. — Newk's Eatery is set to open its 100th restaurant in Lake Charles, Louisiana, on April 4.
Weatherford, Texas — Dallas-based Imperium Holdings LP has unveiled plans for the redevelopment of the southeast quadrant of Weatherford’s town square.
Benton, Ark. — GBT Realty Corp. has acquired a 28.8-acre site for the development of The Shoppes of Benton, a 170,000-square-foot regional shopping center located in Benton, roughly 25 miles…
Orlando, Fla. — Colliers International has arranged the $17 million sale of a 52,539-square-foot, un-anchored shopping center located within The Village at Hunter’s Creek mixed-use development in Orlando.
Fort Lauderdale, Fla. — Aztec Group has secured a $26 million construction loan for Phase II of Riverbend Marketplace, a 37-acre, Walmart-anchored development in Fort Lauderdale.
Philadelphia — Philadelphia-based PREIT (NYSE: PEI) has announced the sale of four malls for an aggregate price of $92.4 million.
Dublin, Calif. — Dublin-based Ross Stores Inc. opened a total of 22 Ross Dress for Less stores and six dd's DISCOUNTS stores across 15 states in February and March.
Chicago — A joint venture between M&R Development and Bucksbaum Retail Properties LLC has acquired a 2.3-acre site in Chicago’s Lakeview neighborhood for the future development of Addison & Clark, a…
Chapel Hill, N.C. — Unison Realty Partners has acquired Chatham Crossing, a 96,155-square-foot neighborhood shopping center in Chapel Hill.
Clawson, Mich. — Mid-America Real Estate Corp. has arranged the sale of Clawson Center, a 130,424-square-foot grocery-anchored shopping center located in the Detroit suburb of Clawson.
Mesa, Ariz. — HFF has arranged $6.3 million in acquisition financing for Marketplace at Signal Butte, a 116,358-square-foot grocery-anchored center located in Mesa.
Atascocita, Texas — Baker Katz has broken ground on the redevelopment of two retail buildings totaling 33,000 square feet in the Houston suburb of Atascocita.
Livonia, Mich. — Friedman Integrated Real Estate Solutions has arranged the sale of L.A. Plaza, a 34,965-square-foot retail center located in the Detroit suburb of Livonia.
Manassas, Va. — The JCR Cos. has acquired Signal Hill Shopping Center, a 105,781-square-foot shopping center located in the Washington, D.C., suburb of Manassas, for $22.6 million.
Huntington Beach, Calif. — Hanley Investment Group has arranged the $18.6 million sale of a newly redeveloped retail center located on the corner of Brookhurst Street and Adams Avenue in…
Gurnee, Ill. — Associated Bank has provided a $4.65 million acquisition and construction loan for Gurnee Investment Partners LLC to acquire land and construct a 14,800-square-foot retail center in the Chicago…
Lafayette, La. — Stirling Properties and CBL & Associates Properties Inc. have opened Ambassador Town Center in Lafayette.
San Francisco — Lennar Urban has won approval for its updated development plans for Candlestick Point, a massive mixed-use development planned for the site of Candlestick Park, former home of the…
Cleveland — Detroit-based Bedrock Real Estate Services has acquired The Avenue Shops at Tower City Center, a three-story, 366,000-square-foot retail center located in downtown Cleveland, from Forest City Realty Trust…
Cincinnati —Cincinnati-based Phillips Edison Grocery Center REIT II Inc. and TPG Real Estate have formed a partnership to acquire high-quality, value-added grocery-anchored shopping centers throughout the U.S.
Fenton, Ill. — Mid-America Real Estate Corp. has arranged the $15 million sale of Fenton Commons, an 82,242-square-foot shopping center located in the St. Louis suburb of Fenton.
Memphis, Tenn. — The Shopping Center Group has arranged a lease transaction that will bring a Save-A-Lot grocery store to Binghampton Gateway, a 48,500-square-foot neighborhood center in Memphis.
Oakley, Calif. and Taylor, Mich. — Hanley Investment Group has arranged the sale of two single-tenant, triple-net leased properties occupied by O’Reilly Auto Parts for a combined price of $5.5…
Kissimmee, Fla. — Magic Development LLC has revealed plans for Magic Place, an 87-acre, $3.3 billion mixed-use development near Walt Disney World Resort in the Orlando suburb of Kissimmee.
By: Brad Oppenheimer, property manager at Halpern Enterprises.
Cape May Court House, N.J. — An affiliate of RW Capital Partners Inc. has acquired The Plaza at Cape May Court House, a 163,629-square-foot, grocery-anchored retail center located in the…
Savannah, Ga. — Modern Trousseau, Bluemercury and The Impeccable Pig are set to open locations on Broughton Street as part of The Broughton Street Collection, Ben Carter Enterprises’ $90 million…
Katy, Texas — Lowe’s Cos. is set to build a 100,000-square-foot Lowe’s Home Improvement store at The Shoppes at Cinco Ranch in Katy, roughly 30 miles outside of Houston.
Tampa, Fla. — Rosemurgy Properties has acquired The Shops on South Howard, a 21,393-square-foot retail center located at 533 S. Howard Ave. in south Tampa, for $10.5 million.
Concord, N.C. — Colliers International has arranged the $10.5 million sale of a 135,197-square-foot, single-tenant Lowe’s Home Improvement store located in Concord, roughly 25 miles outside of Charlotte.
Las Vegas — A joint venture between CityCenter Holdings LLC, Invesco Real Estate (NYSE: IVZ) and Simon Property Group (NYSE: SPG) has agreed to acquire The Shops at Crystals in…
Spring, Texas — A 126,800-square-foot Target is set to anchor Grand Parkway Marketplace, a 465,000-square-foot power center currently being developed by Kimco Realty Corp.
Evansville, Ind. — Regency Properties has sold Village Commons, a 207,000-square-foot shopping center located in Evansville, to an undisclosed buyer.
Ballston, Va. — The Shooshan Co. and Brandywine Realty Trust plan to build a 22-story mixed-use high-rise project for the final portion of their Liberty Center development in Ballston, roughly…
San Ysidro, Calif. — HFF has secured a $22.75 million refinancing for The Plaza at the Border, a 98,120-square-foot retail center located along the U.S./Mexico border in San Ysidro.
Tulsa, Okla. — Eastern Union Funding has secured an $8.8 million loan for the refinancing of Tulsa Promenade, a 424,633-square-foot super regional mall located in Tulsa.
Owings Mills, Md. — Greenberg Gibbons and Vanguard have announced 11 new tenants set to open at Foundry Row, a $140 million mixed-use development in Owings Mills.
Napa, Calif. — JOSS Realty Partners has acquired Napa Square, a 65,848-square-foot mixed-use asset located in downtown Napa, for $39.25 million.
Tacoma, Wash. — Vestar has acquired James Center, a 140,240-square-foot shopping center located in Tacoma, for $31.4 million.
Racine, Wis. — Mid-America Real Estate Corp.’s Investment Sales team has arranged the sale of Regency Point Shopping Center, a 163,252-square-foot retail center located in Racine.
Hazel Crest, Ill. and Birmingham, Ala. — Baceline Investments LLC has acquired two shopping centers totaling 115,000 square feet in the Chicago suburb of Hazel Crest and Birmingham.
Sunrise, Fla. — Construction is underway on the residential component of Metropica, a more than 4 million-square-foot mixed-use development located in Sunrise, Florida.
Lexington, Ky. — Bayer Properties has announced plans for an artisan food hall to open at The Summit at Fritz Farm, a mixed-use development located in Lexington.
Atlanta — SRS Atlanta has arranged the $15.6 million sale of Shannon Crossing Shopping Center, a Kroger-anchored property located at 4550 Jonesboro Road in Atlanta.
Buffalo, N.Y. — Buffalo-based M&T Bank has provided $13 million in financing for the acquisition of eight CVS/pharmacy properties in Long Island, Upstate New York, Connecticut and Massachusetts.
Lynchburg, Va. — CBL & Associates Properties Inc. has sold the majority interest in River Ridge, a 764,243-square-foot regional mall located in Lynchburg, to Liberty University.
San Francisco — Broe Real Estate Group has acquired Oceanview Village Shopping Center, a 98,406-square-foot shopping center located in San Francisco, for $30.6 million.
Hendersonville, Tenn. — U.S. Properties Group has acquired The Streets of Indian Lake, a 249,121-square-foot lifestyle center located in Hendersonville, roughly 18 miles outside of downtown Nashville.
Bucyrus, Ohio — Regency Properties has acquired East Pointe Plaza, a 70,882-square-foot shopping center located in Bucyrus.