By Sheldon Gross, president and CEO of Sheldon Gross Realty
The future of retail-focused real estate is a hot topic, and has been for quite a while.
- Published in SCBlog
By Sheldon Gross, president and CEO of Sheldon Gross Realty
The future of retail-focused real estate is a hot topic, and has been for quite a while.
By: Gary E. Mozer, Principal/Co-Founder, George Smith Partners
Retail financing, both debt and equity, has become a challenge for many owners, developers and investors throughout the U.S. based on negative press about retail, a perception that the internet will take down many tenants and the weak financial condition of a number of large retailers.
Jan Gehl states: “First life, then spaces, then buildings – the other way around never works.”
Placemaking is about creating a space for human experiences.
In the simplest form Placemaking is about transforming and activating a space into a Place. It is about crafting elements to support activity and foster social interaction, involving the process of matching the right offerings, experiences, and environment. The goal is to create something of value for the community. As designers we can only create the structure for this to happen with a multidisciplinary approach. Here are nine quick tips when thinking about Placemaking:
Las Vegas is known for many things, with novel, unique experiences being at the top of the list. It is, after all, the Entertainment Capital of the World. As retail experts the world over descended upon the city to learn about providing more experiences that get people off their couches and into their establishments, they were convening in a city that is the ideal case study.
Yoga studios, like other non-traditional use spaces, can have a positive impact for a center. A popular studio can bring not only revenue from the lease itself, but also increased foot traffic to a center at specific times during the week. However, before yoga customers (or yogis) start their “downward dog” poses, a number of important leases provisions should be reviewed and negotiated first.
ICSC’s annual RECon Convention in Las Vegas is a great opportunity to get a pulse of the industry. Each May, the trends and themes expressed at RECon are a great way to get a snapshot of the retail and mixed-use industry’s health and collective mindset.
Rialto, Calif. — Lewis Retail Centers has opened the first portion of Renaissance Marketplace, a 430,000-square-foot shopping, dining and entertainment center located in Rialto.
Terrell, Texas — A partnership between RealtyLink and Oakridge Investments is underway on Crossroads at Terrell, a 190,000-square-foot retail development in Terrell, located 28 miles east of downtown Dallas.
Yorba Linda, Calif. — CBRE has arranged the sale of The Shops at Yorba Linda, a three-building retail center located in the Orange County community of Yorba Linda.
Orlando, Fla. — Tavistock Development Co., in partnership with Steiner + Associates, has signed Cinépolis USA to Lake Nona Town Center, a 100-acre mixed-use development that anchors the master-designed Lake Nona…
Duluth, Ga. — Duluth-based Core States Group has named Shawn Bland director of retail.
Chicago — McDonald’s and its franchisees will invest approximately $186 million to modernize 240 restaurants located across Florida.
Indianapolis — HFF has arranged a $104 million loan for the refinancing of 360 Market Square, a 27-story retail and residential property located at the former Market Square Arena site in…
Delaware County, Ohio — Blue Horseshoe Ventures has unveiled plans to build a $10 million stadium dedicated to e-sports at its Planet Oasis project in Delaware County.
Petaluma, Calif. — Vestar has purchased East Washington Place, a shopping center located in the San Francisco Bay community of Petaluma, for $55 million.
Philadelphia — PREIT has inked leases with three new tenants at Plymouth Meeting Mall in Philadelphia.
Sacramento, Calif. — Hanley Investment Group has arranged the $10.3 million sale of Natomas Shopping Center, a 50,168-square-foot retail center in Sacramento.
Scotts Valley, Calif. — Cushman & Wakefield has arranged the $15.3 million sale of Scotts Village, a neighborhood shopping center in Scotts Valley.
Vienna, Va. — Avison Young has arranged a $32 million acquisition loan for Maple Avenue Shopping Center, a 111,810-square-foot retail property in Vienna, located 17 miles west of Washington, D.C.
Evansville, Ind. — Mid-America Real Estate Corp. has arranged the $23 million sale of East Lloyd Commons in Evansville.
Inverness, Fla. — Time Equities Inc. (TEI) has acquired Citrus Center, a 142,196-square-foot shopping center in Inverness, for $15.5 million.
New Iberia, La. — EDGE Realty Capital Markets has arranged the sale of two shopping centers in New Iberia: Lagniappe Village and Iberia Plaza.
Pensacola, Fla. — HFF has arranged the sale of Tradewinds Shopping Center, a 178,557-square-foot retail center in Pensacola.
Camp Hill Pa. and Boise, Idaho — Rite Aid Corp. (NYSE: RAD) announced Wednesday it has called off its previously announced merger with Boise-based Alberstons Cos.
Loughman, Fla. — Halvorsen Holdings has unveiled plans to develop Loughman Crossing, a 78,200-square-foot retail center that will be located in Loughman, a city 30 miles south of Orlando.
Huntington Beach, Calif. — HFF has arranged the $21.4 million sale of Warner West, a 73,427-square-foot shopping center in the Southern California community of Huntington Beach.
Oshkosh, Wis. — Mid-America Real Estate Corp. has arranged the sale of Oshkosh Center II for $10.2 million.
Oak Park, Ill. — SRS Real Estate Partners has arranged the sale of a 22,000-square-foot retail real estate property leased to Target in Oak Park, located nine miles west of…
Reno, Nev. — ShopOne Centers REIT Inc. has acquired Caughlin Ranch, a 113,376-square-foot shopping center in Reno, for $18 million.
Sacramento, Calif. — NKF Capital Markets has arranged the sale of Elk Grove Commons, a 241,926-square-foot shopping center in Sacramento.
Coon Rapids And Arden Hills, Minn. — HFF has arranged $25.4 million in acquisition financing for a two-property retail portfolio in suburban Minneapolis.
Aurora, Colo. — Kimco Realty Corp. has unveiled plans for its $14.5 million redevelopment of Village on the Park, a 179,862-square-foot shopping center in Aurora.
Kalamazoo, Mich. — Encore Real Estate Investment Services has arranged the sale of a single-tenant building net-leased to Advance Auto Parts in Kalamazoo.
Columbus, Ohio — Steiner + Associates, L Brands and Georgetown Co., co-developers of Easton Town Center in Columbus, have signed nine new tenants to the $225 million mixed-use center.
By Sheldon Gross, president and CEO of Sheldon Gross Realty The future of retail-focused real estate is a hot topic, and has been for quite a while.
Fort Myers, Fla. — Continental Realty Corp. has acquired the Shoppes at Pelican Preserve, a 69,475-square-foot shopping center in the Southeast Florida community of Fort Myers.
New York — Urban Edge Properties has named Chris Weilminster as COO and Don Briggs as president of development.
Winter Park, Fla. — Sterling Organization has sold Center of Winter Park in suburban Orlando to AEW Capital Management for $72.8 million.
Metairie, La. — The Richards family, owners of Clearview Shopping Center in Metairie, has acquired the Sears property located adjacent to the retail center.
Merrimack, N.H. — Brookstone Co. Inc. has filed for bankruptcy and will close its remaining 101 mall locations.
Bloomington, Minn. — Stan Johnson Co. has arranged the $19 million sale of Penn & American, a 58,531-square-foot retail center in Bloomington.
Harrisburg, N.C. — Lat Purser & Associates has arranged leases with five new tenants at Harris Square, a newly developed, 67,200-square-foot shopping center in Harrisburg, located 20 miles northeast of…
New Orleans — O’Connor Capital Partners has signed three tenants to The Shops at Canal Place, an upscale, 260,000-square-foot shopping center in New Orleans.
Washington, D.C. — HFF has arranged the $415 million sale of Washington Harbour, a 562,105-square-foot mixed-use project located along the Potomac River in Washington, D.C.’s Georgetown submarket.
New York — A&G Realty Partners will hold an auction for 123 Toys ‘R’ Us and Babies ‘R’ Us stores located across 29 states.
Coral Springs, Fla. — Franklin Street and CBRE have arranged the $23.2 million sale of Magnolia Shoppes, a 114,118-square-foot shopping center in the South Florida community of Coral Springs.
Ocoee, Fla. — JLL has arranged the sale of West Oaks Town Center, a 66,539-square-foot shopping center in Ocoee, located 13 miles west of Orlando.
Janesville, Wis. — CBL Properties has sold Janesville Mall in Janesville to RockStep Capital for $18 million.
San Jose, Calif. — Safeway will anchor a 100,000-square-foot retail center in the North Village of Market Park San Jose, a mixed-use project under development in San Jose.
By: Gary E. Mozer, Principal/Co-Founder, George Smith Partners Retail financing, both debt and equity, has become a challenge for many owners, developers and investors throughout the U.S. based on negative press…
New York and Chicago — GGP Inc. stockholders have approved the proposed takeover by Brookfield Property Partners (BPY), clearing the way for the $9.25 billion acquisition to close.
Goodyear, Ariz. — KeyBank Real Estate Capital has provided a $35.3 million acquisition loan for Market at Estrella Falls, a 292,034-square-foot retail center in Goodyear.
Fort Worth, Texas and Lincoln, Neb. — RadioShack has partnered with HobbyTown to open more than 100 new express stores nationwide.
Providence, R.I. And Minneapolis — Natural and organic products distributor United Natural Foods Inc. (NASDAQ: UNFI) has agreed to acquire Supervalu Inc. (NYSE: SVU) for $2.9 billion.
Goodyear, Ariz. — Cushman & Wakefield has arranged the $7 million sale of Goodyear Central Marketplace, a 61,146-square-foot shopping center in Goodyear.
Maui, Hawaii — Alexander & Baldwin has opened Ulta Beauty at Pu`unene Shopping Center, a 113,000-square-foot shopping center in Maui.
Columbia, S.C. — Colliers International has brokered the $16.3 million sale of Village at Town Center I, a 288,000-square-foot, open-air shopping center in Columbia.
Silver Spring, Md. — GBT Realty Corp., in partnership with Equity Resource Investments and Avante Financial Group, has acquired Ellsworth Place, a five-story retail and entertainment center in Silver Spring…
Hempfield Township, Penn. — CBL Properties, in partnership with Stadium Casino LLC, has unveiled plans to develop a 100,000-square-foot casino and entertainment complex at CBL’s Westmoreland Mall in Hempfield Township.
Miami — Stambul, a Miami-based full-service construction and development firm, has acquired the Historic Walgreens Building in downtown Miami for $19.8 million.
Tallahassee, Fla. — CREC has acquired Killearn Shopping Center in Tallahassee for $15.9 million.
Orlando, Fla. —Williams Co. Southeast is underway on interior and exterior renovations at multiple Target stores located throughout Florida and North Carolina.
Cherry Hill, N.J. — PREIT has signed 1776 to Cherry Hill Mall, a 1.3 million-square-foot mall in Cherry Hill, located nine miles east of Philadelphia.
Palos Heights, Ill. — The Boulder Group has arranged the $15.5 million sale of a single-tenant property net leased to Jewel-Osco in Palos Heights, 25 miles southwest of Chicago.
Atlanta — CBRE has arranged the $12.3 million sale of Shops at Cascade & Fairburn, a 45,279-square-foot shopping center in Atlanta.
Coral Gables, Fla. — NP International (NPI) has selected Balfour Beatty to construct the 1.3 million-square-foot Gables Station mixed-use development in Coral Gables, a suburb of Miami.
Pleasanton, Calif. — Blake | Griggs Properties has opened Pacific Pearl Shopping Center, a 112,000-square-foot shopping center located in Pleasanton, a city in the San Francisco Bay Area.
Boston — Developers Boylston Properties and The Wilder Cos. have secured $324 million in construction financing and joint venture equity for the development of Arsenal Yards, a six-building, mixed-use redevelopment of…
Miami Beach, Fla. — HFF has arranged the sale of a seven-property retail portfolio located in Miami Beach’s Sunset Harbour neighborhood.
Miami — Ocean Bank has provided a $60 million loan for the refinancing of Kendall Village, a 256,000-square-foot shopping center in Miami.
Visalia, Calif. — Kidder Mathews has arranged the $8.7 million sale of The Shops at Visalia Pavilion in Visalia.
Cincinnati — Phillips Edison & Co. Inc. (PECO) has entered into a definitive merger agreement with Phillips Edison Grocery Center REIT II, a publicly traded REIT currently advised and managed…
Hurstbourne, Ky. — Viking Partners Fund III LLC has unveiled plans for the redevelopment of Hurstbourne Business Park, a 27-acre property located at the intersection of Shelbyville Road and Hurstbourne…
Walnut Creek, Calif. — MetLife Investment Management and Northwestern Mutual have provided a $450 million, fixed-rate loan for Broadway Plaza, a 958,000-square-foot, open-air retail center in Walnut Creek.
Naples, Fla. — HFF has arranged the sale of Neapolitan Way, a 137,580-square-foot, Publix-anchored shopping center in the Southwest Florida city of Naples.
Greensboro, N.C. — Branch Properties LLC has signed three tenants to Westridge Square, a 215,000-square-foot shopping center in Greensboro.
Cary, N.C. — HFF has arranged $28.8 million in preferred equity and construction financing for the development of the first phase of Twin Lakes Center, a 153,229-square-foot retail center in…
Woonsocket, R.I. — Out of the Box Ventures LLC, a subsidiary of Lionheart Capital, has acquired Walnut Hill Plaza in Woonsocket.
San Marcos, Texas — NAI Partners Investment Fund II has acquired San Marcos Place, a 73,745-square-foot shopping center in San Marcos.
Waynesboro, Va. — Big V Acquisitions, a subsidiary of Big V Property Group, has purchased Willow Oak Plaza, a 163,000-square-foot shopping center in Waynesboro.
Simi Valley, Calif. — HFF has arranged the sale of Mountaingate Plaza, a shopping center located in Southern California’s Simi Valley.
Altoona, Penn. — Uber Capital Group has secured a $24.1 million loan for the refinancing of Logan Valley Mall in Altoona.
Santa Ana, Calif. — Marcus & Millichap has arranged the $20.1 million sale of a two-tenant retail building in the Orange County community of Santa Ana.
Waxhaw, N.C. — Phillips Edison & Co. has completed the 11,200-square-foot retail expansion of Cureton Town Center in Waxhaw.
Nicholasville, Ky. — SRS’ Investment Properties Group has arranged the $8.9 million sale of Brannon Crossing Centre, a 63,707-square-foot retail center located in Nicholasville, 12 miles south of Lexington.
Brentwood, Calif. —Fairbourne Properties has purchased The Streets of Brentwood, a grocery- and theatre-anchored lifestyle center in Brentwood.
Greensboro, N.C. — The Fresh Market Inc. announced this week that it will close 15 stores nationwide.
Plant City, Fla. — HFF has arranged the $29 million sale of Lake Walden Square, a 244,529-square-foot shopping center in the Tampa Bay community of Plant City.
Rancho Cucamonga, Calif. — Apartment Income Investors has sold Thomas Winery Plaza, a shopping center located along Route 66 in the Inland Empire community of Rancho Cucamonga.
Queen Creek, Ariz. — CBRE has arranged the $16.6 million sale of Plaza at Power Marketplace, a 70,961-square-foot shopping center in Queen Creek.
Delaware County, Ohio — Blue Horseshoe Ventures Ltd. has unveiled plans to build Planet Oasis, a 350-acre entertainment center in Ohio’s Delaware County.
Memphis, Tenn. — HFF has arranged the $13 million sale of Summer Center, a 136,425-square-foot shopping center in Memphis.
Mooresville, N.C. — CBRE has arranged the sale of Brawley Commons, a 122,054-square-foot retail center in Mooresville, 30 miles north of Charlotte.
Phoenix — Faris Lee Investments has arranged the $9.8 million sale of a retail property located in Phoenix.
Jan Gehl states: “First life, then spaces, then buildings – the other way around never works.” Placemaking is about creating a space for human experiences. In the simplest form Placemaking is about…
Kearny, N.J. — Cushman & Wakefield has arranged the sale of Kearny Square, a 138,895-square-foot retail center in Kearny.
Fort Worth, Texas — Dallas-based STRIVE has arranged the sale of Westover Village, a 111,374-square-foot retail center in Fort Worth.
Santa Maria, Calif. — KeyBank Real Estate Capital has provided a $26.8 million CMBS loan for Enos Ranch, a shopping center in Santa Maria.
Leesburg, Va. — Calkain Cos. has arranged the $6.1 million sale of Sycolin Retail Center, a multi-tenant retail strip center located in Leesburg, a city in northern Virginia.
Cordova, Tenn. — Titkin Real Estate Investment Services (TREIS) has arranged the $5.2 million sale of Cordova Village, a 30,000-square-foot shopping center located in Cordova, 23 miles east of Memphis.
San Bernardino, Calif. — Progressive Real Estate Partners has arranged the sales of two retail parcels at University Town Center, a 107,000-square-foot shopping center in San Bernardino.
Highland, Calif. — CBRE has arranged the $9.5 million sale of a retail property located in Highland.
Relay, Md. — Guinness will open a new U.S. brewery in Relay, 10 miles south of Baltimore, on Friday, Aug. 3.
New York City — Gazit-Globe has acquired a leasehold interest in the Ceasar’s Bay Shopping Center in the Gravesend neighborhood of Brooklyn.
Katy and Webster, Texas — Colorado-based American Furniture Warehouse (AFW) will open two stores totaling 853,700 square feet in metro Houston.
Chattanooga, Tenn. — Urban Story Ventures, a Chattanooga-based commercial real estate developer and owner, is planning the redevelopment of a 112-acre site in Chattanooga’s West End district.
Fort Worth, Texas — Hanley Investment Group Real Estate Advisors has arranged the sale of Renaissance Square, a 105,605-square-foot shopping center in Fort Worth.
Orlando, Fla. — HFF has secured the $19.8 million sale of Alafaya Commons, a 130,811-square-foot retail center in Orlando.
Orlando, Fla. — Preferred Apartment Communities (PAC) has acquired Conway Plaza, a 117,705-square-foot shopping center in Orlando.
Jefferson, Ga. — The Shopping Center Group (TSCG) has arranged the sale of The Shops at Loggin’s Corners, a 30,000-square-foot retail center in Jefferson.
Lake City, Fla. — NKF Capital Markets has arranged the $18.3 million sale of Gleason Place, a 129,000-square-foot shopping center in Lake City, a city in North Florida.
Chicago — HFF has arranged the $16 million sale of a 13,062-square-foot retail space in Chicago’s financial district.
Mount Dora, Fla. — Avison Young has arranged a $7.7 million acquisition loan for Tri-Cities Shopping Plaza, a 78,452-square-foot retail center in the Central Florida city of Mount Dora.
Greer, S.C. — Halpern Enterprises has opened two new retail stores at Piedmont Marketplace, a 131,000-square-foot shopping center in Greer, South Carolina.
Lansing, Ill. — Encore Real Estate Investment Services has arranged the $1.8 million sale of a Dollar Tree store located in Lansing, 25 miles south of Chicago.
Ormond Beach, Fla. — ShopOne Centers REIT Inc. has acquired The Trails Shopping Center, a 135,286-square-foot shopping center in Ormond Beach, a city on Florida’s east coast.
Denver — Baceline Investments Inc. has acquired four shopping centers located across the U.S. for $18.1 million.
Miami Beach, Fla. — HFF has arranged the $15.3 million sale of a 12,000-square-foot, single-tenant retail building leased to Fogo De Chão Brazilian Steakhouse in Miami Beach.
Rancho Cucamonga, Calif. — Hanley Investment Group Real Estate Advisors, in conjunction with Voit Real Estate Services, has arranged the $9.8 million sale of RC Plaza, a 37,239-square-foot retail center…
Roseville, Mich. — Encore Real Estate Investment Services has arranged the $3.4 million sale of a freestanding retail building leased to Applebee’s in Roseville, located 18 miles northeast of Detroit.
Dallas — Disney Investment Group (DIG) has arranged the sales of three shopping centers totaling 359,309 square feet in the Dallas and Houston metros.
Brandywine, Md. — Velocis, in partnership with Katz Properties, has acquired Brandywine Crossing, a 230,925-square-foot retail center in Brandywine, 20 miles southeast of Washington, D.C. The name of the seller…
Orlando, Fla. — HFF has arranged the sale of Dellagio Town Center, a 109,890-square-foot retail center located along Orlando’s Restaurant Row.
Chandler, Ariz. — JLL has arranged the sale of Ocotillo Plaza, a retail building located in Chandler’s Ocotillo area.
Chicago — Craft brewery 5 Rabbit Cerveceria has signed a 12,000-square-foot lease to be the first retail tenant at Mural Park in Chicago’s Pilsen neighborhood.
Wexford, Pa. — HFF has arranged the $13.8 million sale of a 53,000-square-foot, single-tenant retail property in Wexford, 17 miles north of Pittsburgh.
St. Peters, Mo. — GBT Realty Corp. has unveiled new tenants at the Shoppes of Mid Rivers in the suburban St. Louis community of St. Peters.
Chula Vista, Calif. — NKF Capital Markets has arranged the $58.5 million sale of Broadway Plaza, a 356,335-square-foot shopping center in Chula Vista, located nine miles southeast of San Diego.
Jacksonville, Fla. — Triforce Development is set to break ground on Tinseltown Plaza, a 14,000-square-foot shopping center located in Jacksonville.
Sparks, Nev. — NAI Alliance has arranged the sale of Marina Marketplace, a shopping center located in Sparks.
Chattanooga, Tenn. — Chattanooga-based CBL Properties has named Michael Lebovitz president of the company.
Howell, N.J.— Marcus & Millichap has arranged the $3.1 million sale of a net-leased Texas Roadhouse restaurant located at 5309 US Highway 9 in Howell.
Washington, D.C. — The U.S. Supreme Court ruled on South Dakota vs. Wayfair on Thursday, June 21, effectively ending the protections of Quill vs. North Dakota that allowed tax free…
Plano, Texas — After announcing on Monday, June 18, it had entered into an agreement to be acquired by Vintage Capital Management, Rent-A-Center Inc. (NASDAQ/NGS: RCII) has seen its stock…
Hamilton, N.J. — Houlihan-Parnes Realtors has arranged a $17 million refinancing for Independence Plaza, a shopping center in Hamilton.
Short Hills, N.J. — Stream Capital Partners has arranged the $12 million sale of a 14,963-square-foot property leased to Walgreens in Short Hills, located 25 miles west of Manhattan.
Walnut, Calif. — Faris Lee Investments has arranged the sale of Walnut Town & Country, a multi-tenant retail center located in Walnut.
Napa, Calif. — HFF has arranged the $42 million refinancing of First Street Napa, a 142,026-square-foot retail and creative office property spanning three blocks in downtown Napa.
Hartville and North Royalton, Ohio — The Boulder Group has arranged the sale of two single-tenant properties net leased to CVS/pharmacy in Ohio for $5.2 million.
Odessa, Texas — Cinergy Entertainment Group Inc. has unveiled plans to expand its entertainment center in Odessa.
Bossier City, La. — VICI Properties Inc., an experiential REIT that was recently spun off from Caesars Entertainment, has entered into a definitive agreement to acquire the land and real…
New York — Marcus & Millichap has arranged the $55 million sale of a 19-property retail portfolio located in the Bronx, Brooklyn and Yonkers in New York City.
Memphis, Tenn. — ABS Management & Development has acquired Raleigh Springs Marketplace in Memphis.
Chicago — Summit Design + Build LLC has completed the renovation of a 13,000-square-foot retail building in Chicago.
Boca Raton, Fla. — Giles Capital Group, Rosemurgy Properties, Schmier Property Group and Wheelock Street Capital have acquired 38 acres at the intersection of Glades Road and 95th Avenue South…
Covina, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $6.4 million sale of a two-tenant retail property located within Covina Shopping Center in the Southern California community…
Dallas — SHOP Cos. Investment Sales has arranged the sales of four retail properties in metro Dallas totaling 48,736 square feet.
Louisville, Ky. — Louisville-based Brown-Forman Corp. has opened Old Forester Distilling Co. on Louisville’s famed Whiskey Row.
Los Angeles — Primestor Development has broken ground on Jordan Downs Plaza, a 115,000-square-foot shopping center located within the Jordan Downs project in the Watts area of Los Angeles.
Austin, Texas — Marcus & Millichap has arranged the sale of a portfolio of three retail properties totaling 143,963 square feet in Austin.
Aventura, Fla. — Aventura Mall Venture, a partnership between Turnberry Associates and Simon Property Group (NYSE: SPG), has received $1.75 billion in financing for Aventura Mall in Aventura, a city…
Glendale, Ariz. — CBRE has arranged the $133 million sale of Westgate Entertainment District, a mixed-use development located in Glendale.
Lewisville, Texas — Bright Realty has broken ground on The Realm at Castle Hills, a 324-acre mixed-use project located in the northern Dallas metro of Lewisville.
Easley, S.C. — The Shopping Center Group (TSCG), along with Franklin Street, has arranged the $7.7 million sale of The Shops at Easley Town Center, two retail buildings totaling 21,300…
New York — Gene Spiegelman has joined Ripco Real Estate LLC as vice chairman and principal.
New York — CoverGirl will open its first-ever brick-and-mortar store in New York City’s Times Square this fall. The 10,000-square-foot flagship location will feature an experiential beauty “play room” with…
Jacksonville, Fla. — The Shopping Center Group (TSCG) has arranged the $10.8 million sale of Regency Plaza, a 205,700-square-foot retail center located in Jacksonville.
McKinney, Texas — Phillips Edison & Co. (PECO) has unveiled plans to build a new 8,500-square-foot retail building at McKinney Market Street in McKinney, a northern suburb of Dallas.
Scottsdale, Ariz. — Cushman & Wakefield has arranged the $5.2 million sale of Quarter Village, a 22,292-square-foot mixed-use development in Scottsdale.
Towson, Md. — Greenberg Gibbons has kicked off construction of the $350 million Towson Row mixed-use project in downtown Towson, about 10 miles north of Baltimore.
Perry, Ga. — Brokers + Engineers (B+E), a newly formed triple-net-lease brokerage firm, has arranged the $11.4 million sale of a Publix-anchored shopping center located in Perry.
Logan, Utah — Uber Capital Group has arranged an $11 million loan for the acquisition of Cache Valley Mall in Logan.
Los Angeles — Hanley Investment Group Real Estate Advisors has arranged the $3.5 million sale of a single-tenant building triple-net-leased to Starbucks Coffee in Los Angeles.
Bound Brook, N.J. — HFF has arranged a $19 million loan for the refinancing of The Middle Brook Center, a 104,331-square-foot, ShopRite-anchored retail center in the northern New Jersey community…
West Palm Beach, Fla. — Marcus & Millichap has arranged the $18.4 million sale of Okee Square, a 124,000-square-foot retail center in West Palm Beach.
San Antonio — REATA Real Estate Services LP has arranged the sale of Valley View Shopping Center, an 86,196-square-foot retail center located in San Antonio.
Houston — McNair Interests, a private investment and management company founded by Houston Texans owner Bob McNair, has revealed plans to transform a vacant six-acre site in Houston’s Uptown District.
Mesa, Ariz. — Cushman & Wakefield has arranged the $6.7 million sale of Greenfield Gateway, a 67,709-square-foot shopping center in Mesa.
Houston — HFF has arranged the sale of a fully leased retail strip center located in Houston’s Washington Memorial Heights neighborhood.
Santa Ana, Calif. — CBRE’s National Retail Partners-West team has arranged the $46.5 million sale of Bristol Center, a 165,508-square-foot shopping center in the Orange County community of Santa Ana.
Silver Spring, Md. — Phillips Realty Capital has arranged $22.5 million in permanent financing for WesTech Corner, a 41,262-square-foot shopping center in Silver Spring, six miles north of Washington, D.C.
Wall Township, N.J. — HFF has arranged the $41.5 million sale of Wall Towne Center, a 99,070-square-foot retail center in the central New Jersey community of Wall Township.
Medford, Ore. — Savills Studley has arranged the sale of WinCo Plaza, a 147,943-square-foot shopping center in Medford.
Palmdale, Calif. — Faris Lee Investments has arranged the sale of a newly constructed, single-tenant retail building located in the Southern California community of Palmdale.
Kennesaw, Ga. — InvenTrust Properties Corp. has acquired Kennesaw Marketplace, a 114,000-square-foot retail center in the northwest Atlanta suburb of Kennesaw, for $64.3 million.
Hollywood, Calif. —Artisan Realty Advisors has purchased Space 15 Twenty, a 40,000-square-foot retail property in Hollywood. Cahuenga Lofts and Ivar Group sold the property for $61 million.
Owings Mills, Md. — Kimco Realty Corp. has signed five new tenants to Mill Station, a $108 million open-air retail development in Owings Mills, located 20 miles northwest of Baltimore.
Fullerton, Calif. — Merlone Geier Partners has purchased College Plaza Shopping Center from a private investor for $29.7 million.
Lilburn, Ga. — Sterling Organization has acquired Five Forks Crossing, a 73,910-square-foot shopping center located in Lilburn, 20 miles northeast of Atlanta.
Tampa, Fla. — Plaza Advisors has arranged the $6.1 million sale of Northpointe Crossing, a 64,017-square-foot retail center in Tampa.
Hoffman Estates, Ill. — In its first-quarter results released today, Sears Holdings Corp. says that it has identified approximately 100 non-profitable stores, 72 of which will begin store-closing sales in…
Lakewood, Colo. — San Francisco-based Newmark has arranged $43.4 million in financing for Lakewood City Commons, a shopping center in Lakewood.
Atlanta — NKF Capital Markets has arranged the sales of two Publix-anchored shopping centers and one fitness-anchored center in Georgia.
Houston — HFF has arranged the sale of Tanglewood Court, a 125,500-square-foot shopping center located in Galleria/Uptown area of Houston.
Lexington, S.C. — Ziff Properties Inc. has sold Lexington Towne Center, a 131,809-square-foot retail center in Lexington, for $12.6 million.
Las Vegas is known for many things, with novel, unique experiences being at the top of the list. It is, after all, the Entertainment Capital of the World. As retail…
New York City — Newmark Group Inc. (NASDAQ: NMRK) has agreed to acquire RKF Retail Holdings LLC, a real estate firm specializing in retail leasing, for an undisclosed price.
Miami —Biscayne Bay Brewing Co. has unveiled plans to open a second location at the Old United States Post Office and Courthouse building in downtown Miami.
Casa Grande, Ariz. —Lamar Cos., in partnership with Real Capital Solutions, has acquired the Promenade at Casa Grande in Case Grande, a suburb of Phoenix.
Marietta, Ga. — Marcus & Millichap has arranged the $2.4 million sale of Delk Powers Ferry Place, a strip center in the Atlanta suburb of Marietta.
Houston and Washington, D.C. — Retail developer Madison Marquette and Houston-based developer PMRG have confirmed that they plan to combine operations. The terms of the merger were not disclosed, but PMRG will…
Cincinnati and Chicago — Cincinnati-based The Kroger Co. will acquire Home Chef for $200 million.
West Hartford, Conn. — Seritage Growth Properties has sold a $23 million stake in The Corbin Collection, a 163,700-square-foot retail redevelopment in West Hartford, to First Washington Realty.
Jensen Beach, Fla. — Cushman & Wakefield has brokered the sale of Marketplace Square, a 169,223-square-foot shopping center located at 3181 N.W. Federal Highway in Jensen Beach.
Alexandria, Va. — The JCR Cos. has acquired Krispy Korner Shopping Center in Alexandria, located eight miles south of Washington, D.C., for $6.7 million.
Decatur, Ga. and Chandler, Ariz. — Westwood Financial LLC has acquired two Sprouts-anchored retail centers located in Decatur and Chandler for a combined $66.2 million.
Wheeling, Ill. — The Lynmark Group has broken ground on three new retail tenants at Wheeling Town Center, a mixed-use development in the Chicago suburb of Wheeling.
Manchester, Mo. — Kimco Realty Corp. has sold an 89,305-square-foot retail building occupied by Kohl’s in Manchester, a suburb of St. Louis, for $8.6 million.
Lahaina, Hawaii — CoastWood Capital Group LLC has signed four new tenants to The Outlets of Maui, a 150,000-square-foot, open-air shopping center in Lahaina.
Atlanta — Hines has signed a 21,000-square-foot lease with Forever 21 at Atlantic Station, a mixed-use development in Atlanta.
Hephzibah, Ga. and Cayce, S.C. — Marcus & Millichap has brokered the $13.4 million sale of two properties leased to Walmart Neighborhood Market in Hephzibah and Cayce.
Las Vegas — E-commerce has disrupted the market for retail real estate on a seismic level, but it has not obliterated the need for brick-and-mortar shops.
Allentown, Pa. — HFF has arranged the $55.2 million sale of MacArthur Commons, a 371,886-square-foot, grocery-anchored retail center located in Lehigh Valley.
Shelton, Conn. — Marcus & Millichap has arranged the $4.3 million sale of Shelton Town Center, a 19,450-square-foot retail center in Shelton.
Los Angeles — The Webster will open an 11,000-square-foot location at Beverly Center, a shopping mall in Los Angeles, in 2020.
New York — The Feil Organization has inked a 1,541-square-foot lease with Blue Bottle Coffee on the ground floor of 257 Park Avenue South, a 226,000-square-foot office building in Manhattan’s…