By: Ryan Hild and Jason Penighetti
- Published in SCBlog
Pittsburgh — HFF has secured a $39.5 million refinancing for Village Square, a 392,497-square-foot power center located in the Bethel Park area of Pittsburgh.
Cartersville, Ga. — SRS has arranged the sale of Felton’s Crossing Shopping Center, a 112,240-square-foot shopping center located in Cartersville, Georgia.
St. Louis — Baceline Investments LLC has acquired MLK Plaza, a 46,648-square-foot shopping center located in St. Louis, for $6.4 million.
Oak Brook, Ill. — Oak Brook-based Inland Real Estate Acquisitions, acting on behalf of an Inland affiliate, has arranged the acquisition of 24 newly developed CVS/pharmacy properties across 14 states for…
Mooresville, N.C. — Slate Retail REIT, a Toronto-based owner and operator of U.S. grocery-anchored properties, has acquired Mooresville Town Square in Mooresville, a northern suburb of Charlotte.
The Woodlands, Texas — Cinemark Theatres is planning to begin construction on a 10-screen theater in the entertainment district at Valley Ranch Town Center in The Woodlands.
Las Vegas — TriStar Capital and RFR Holding have sold Miracle Mile Shops, a 501,522-square-foot retail mall located at the Planet Hollywood Resort & Casino in Las Vegas.
Mobile, Ala. — Wool Finance Partners has arranged a $7.9 million construction loan for the development of a 101,000-square-foot, Publix-anchored shopping center in Mobile.
Niles, Ill. — Baum Realty Group has arranged the sale of Oak Mill Plaza, a 164,000-square-foot shopping center located in Niles.
Orange Village, Ohio — Fairmount Properties and DiGeronimo Cos. have announced new tenants to join Pinecrest, a 58-acre mixed-use development located in Orange Village, Ohio.
Peoria, Ill. — Peoria-based Cullinan Properties has announced a new mixed-use development and promotions.
New York City — Target is set to open a new 27,000-square-foot, flexible-format store at 500 East 14th St. in the East Village neighborhood of New York City.
Riverside, Calif. — Meridian Capital Group has arranged $12.5 million in CMBS financing for the refinance of Tyler Gateway Shopping Center in Riverside.
Daly City, Calif. — Faris Lee Investments has arranged the $7.8 million sale of a freestanding, 14,500-square-foot retail property occupied by CVS/pharmacy in Daly City, roughly nine miles outside San…
Chattanooga, Tenn. — Chattanooga-based CBL & Associates has announced that the company’s portfolio of shopping centers will be closed on Thanksgiving Day.
Dearborn, Mich. — Mid-America Real Estate Corp. has arranged the sale of Fairlane Meadows, a retail center located at the corner of Ford Road and Mercury Drive in Dearborn.
Dawsonville, Ga. — Halpern Enterprises has opened a 45,600-square-foot Publix at Dawson Crossroads, a 98,400-square-foot shopping center located in Dawsonville, Georgia.
Port Arthur, Texas — Agree Realty Corp. has acquired an 84,584-square-foot, net-leased retail property located in Port Arthur.
Cedar Falls, Iowa — Rubenstein Real Estate Co. has sold Blackhawk Village, a 65,548-square-foot shopping center located in Cedar Falls, for $3.4 million.
Weslaco, Texas — Planet Fitness plans to open a 19,413-square-foot gym at Weslaco Shopping Center in Weslaco in early 2017.
Tarrytown, N.Y. — A joint venture between Tarrytown-based DLC Management Corp. and New York City-based DRA Advisors LLC has acquired a 16-property retail portfolio totaling 4.85 million square feet in…
Matthews, N.C. — JPMorgan Chase Bank NA has provided the $60 million refinancing of Windsor Square Shopping Center, a 661,156-square-foot retail power center in Matthews, a suburb of Charlotte.
By: Ryan Hild and Jason Penighetti
Huntington Beach, Calif. — DJM Capital Partners has completed the development of Phase I of Pacific City, a mixed-use development located in Huntington Beach, California.
Orlando, Fla. — Equinox Development Properties Inc. is set to begin a $20 million redevelopment of Williamsburg Downs Shopping Center in Orlando.
Downers Grove, Ill. — Adelphia Properties has arranged the sale of a newly constructed retail building located in the Chicago suburb of Downers Grove.
McKinney, Texas — Wingstop is set to open a new 1,745-square-foot restaurant at The Shops at Eagle Point in McKinney.
Glenarden, Md. — Petrie Richardson Ventures and PGIM Real Estate, co-owners and developers of the 700,000-square-foot Woodmore Towne Centre, have broken ground on a new Nordstrom Rack store.
Oshkosh, Wis. — Friedman Integrated Real Estate Solutions has arranged the sale of Oshkosh Center, a shopping center located at 1935-1989 S. Koeller St. in Oshkosh.
Cincinnati — Marcus & Millichap has arranged the sale of a 57,692-square-foot Kroger located at 6401 Colerian Ave. in Cincinnati.
The Woodlands, Texas — Nine new retailers totaling 17,198 square feet are set to open at Hughes Landing, a 66-acre mixed-use development located in The Woodlands.
Sunnyvale, Calif. — STC Ventures has purchased Sunnyvale Town Center, a 36-acre unfinished mixed-use project located in Sunnyvale, roughly five miles outside Santa Clara.
Portland, Ore. — Gramor Development Inc. has sold Timberland Town Center, a 91,000-square-foot shopping center located in Portland, for $43.1 million.
Gresham, Ore. — DDR Corp. has acquired Gresham Town Center, a 296,186-square-foot mixed-use center located in the Portland suburb of Gresham.
Castle Rock, Colo. — Pinnacle Real Estate Advisors LLC has arranged the $6 million sale of 4989 Factory Shops Blvd., a 10,113-square-foot shopping center located in Castle Rock, roughly 30…
Manlius, N.Y. — The Boulder Group has arranged the sale of a single-tenant net-leased Rite Aid property located at 8230 Cazenovia Road in Manlius.
Georgetown, Texas — Cypress Equities has acquired an 11.2-acre site located in Georgetown, Texas, for the development of a grocery-anchored shopping center to be named Oak Meadows Marketplace.
Brentwood, Tenn. — Brentwood-based Tractor Supply Co., a rural lifestyle retail chain with 1,575 stores in 49 states, has purchased Petsense LLC, a pet supply retailer with 136 stores in…
Lee’s Summit, Mo. — Parrot Properties, in partnership with Block & Co., has received approval for its $225 million Village at View High development in Lee’s Summit from the city’s…
Fort Worth, Texas — Transwestern has brokered the sale of Presidio North, a retail development site located in Fort Worth.
Dunkirk, Md. — Lehrco Corporation has acquired Dunkirk Gateway, a 133,269-square-foot, grocery-anchored shopping center located in Dunkirk, roughly 25 miles outside of Washington, D.C.
Owings Mills, Md. — Greenberg Gibbons has acquired the majority interest in and has begun managing St. Thomas Shopping Center, a 104,624-square-foot shopping center located in Owings Mills.
Springfield, Mo. and Sidney, Neb. — Bass Pro Shops has agreed to acquire Cabela’s Inc. (NYSE: CAB) for $5.5 billion, or $65.50 per share of CAB stock.
Los Angeles — SunCal is set to develop 6AM, a 14.5-acre mixed-use development located in the Downtown Los Angeles Arts District.
Scottsdale, Ariz. — Lee & Associates has arranged the $72.5 million sale of Sonora Village shopping center in Scottsdale.
Austin, Texas — HFF has arranged $47.8 million in acquisition financing for Brodie Oaks Shopping Center, a 322,590-square-foot, grocery-anchored shopping center and office building located in Austin.
Bay Shore, N.Y. — A joint venture between Mattone Group LLC and Gartenstein Properties has acquired ShopRite at Bay Shore, a 60,000-square-foot, single-tenant retail property located in the Long Island…
Fremont, Calif. — Vestar has announced plans to renovate Pacific Commons, a 1.2 million-square-foot regional power center located in Fremont.
Katy, Texas — Trademark Property Co. has entered into an agreement with Westside Ventures to develop an 82-acre mixed-use development at the northwest corner of I-10 and Mason Road in Katy.
Chicago — Leopardo Cos. has completed the construction of a 265,000-square-foot retail development located at 3030 N. Broadway in Chicago’s Lakeview neighborhood.
Santa Monica, Calif. — CBRE has arranged the $15.6 million sale of a retail property located at 1227 3rd St. Promenade in Santa Monica.
North Las Vegas, Nev. — Boyd Gaming Corp. (NYSE: BYD) has completed the acquisition of ALST Casino Holdco LLC, the holding company of Aliante Casino Hotel and Spa. Boyd bought the property…
Honolulu — An affiliate of Wells Fargo & Co. (NYSE: WFC) has completed the $238 million refinancing of maturing debt for Ward Village, a 60-acre urban master-planned development underway in Honolulu.
New York City — Madison Realty Capital has provided a $52 million first mortgage loan for the acquisition of a development site in the East Village and the construction of an approved…
Gainesville, Va. — Calkain Cos. has arranged the $16.5 million sale of a triple-net leased gym in Gainesville, about 35 miles west of Washington, D.C.
Florida, N.Y. — Big V Capital LLC, the investment management affiliate of New York-based Big V Properties, has closed on the purchase of three shopping centers in the Southeast for…
Dacula and Cumming, Ga. — The Shopping Center Group has arranged the sale of two family lifestyle and sports-centric retail centers located in north metro Atlanta.
San Francisco — A European investor has purchased the iconic Tiffany & Co. building in San Francisco. The 11-story property is located at 360 Post St. on Union Square.
Merritt Island, Fla. — NGKF Capital Markets has arranged the $33 million sale of Merritt Square Mall, an 811,277-square-foot regional mall located at 777 East Merritt Island Causeway in Merritt…
Indianapolis — Baceline Investments LLC has sold Raceway Commons, a 33,000-square-foot retail center in Indianapolis, for $7.9 million.
Santa Ana, Calif. — Lee & Associates has arranged the $4.7 million sale of Grovemont Square, a 29,030-square-foot shopping center located in Santa Ana.
Wheeling, Ill. — Marcus & Millichap has negotiated the $2.4 million sale of Pete Miller’s Steak House and 227,685 square feet of land in the Chicago suburb of Wheeling.
Pittsburgh — Pittsburgh-based HFF has arranged $210 million in first lien financing for a 10-property retail portfolio totaling 973,985 square feet in Arizona, California, Kansas, North Carolina and Texas.
Livonia, Mich. — Mid-America Real Estate Corp. has arranged the $19.8 million sale of Livonia Plaza, a 137,391-square-foot shopping center located in Livonia, roughly 20 miles outside Detroit.
Ocoee, Fla. — Calkain has arranged the $1.4 million sale of a single tenant retail property occupied by Dunkin’ Donuts in Ocoee.
San Francisco — Colliers International has arranged the sale of 220 Post Street, a 37,500-square-foot retail building located in the Union Square neighborhood of San Francisco, for over $70 million.
San Diego — CBRE has arranged the $14 million sale of Taco Bell and Shops, an 18,175-square-foot retail strip center located in San Diego.
Port Hueneme, Calif. — HFF has arranged $5.5 million in joint venture equity for the acquisition of Oliveira Plaza, a 116,000-square-foot shopping center located in the Southern California community of…
Ashburn, Va. — Retail Properties of America Inc. (RPAI) has entered into an agreement to acquire One Loudoun Downtown, a retail and office portion of the 360-acre One Loudoun mixed-use…
San Diego — KeyBank Real Estate Capital has secured $103 million in non-recourse, first mortgage financing for Mira Mesa Marketplace, a shopping center located in San Diego.
St. Louis — Mid-America Real Estate Corp. has arranged the $10.6 million sale of Chippewa Center, a 147,920-square-foot shopping center located in St. Louis.
El Segundo, Calif. — El Segundo-based Pacific Retail Capital Partners has acquired a portfolio of three regional malls totaling 2.8 million square feet in a joint venture with an undisclosed…
Pittsburgh, Pa. — Pittsburgh-based HFF has arranged $62 million in first lien financing for a portfolio of seven retail centers totaling 805,803 square feet in North Carolina, South Carolina, Georgia…
Henderson, Nev. and Baker City, Ore. — Irvine, California-based ValueRock Realty Partners has acquired three single-tenant retail buildings occupied by Albertsons in Nevada and Oregon.
Springfield, Va. and Washington, D.C. — Saks Fifth Avenue OFF 5TH has two locations opening in the metro Washington, D.C., area within a week of each other.
St. Charles, Mo. — Orangetheory has opened a new location at Streets of St. Charles, a 27-acre mixed-use development located roughly 25 miles outside of St. Louis in St. Charles.
Owings Mills, Md. — Wegmans is set to open a 109,000-square-foot store at Foundry Row in Owings Mills on Sunday.
Columbus, Ind. — Namdar Realty Group has acquired the State and Mapleton Plaza shopping center located at 2150 State St. in Columbus.
Chicago — Mid-America Real Estate Corp. has arranged the $150 million sale of a five-property retail portfolio in Chicago known as the Smithfield Chicago Urban Portfolio.
Austin, Texas — CIM Group and Seaholm Power LLC have sold the Seaholm Power Plant mixed-use development located at the southwestern edge of downtown Austin.
Smyrna, Tenn. — Carolina Holdings Inc. has closed on a 10-acre site along Sam Ridley Parkway in Smyrna between Academy Sports + Outdoors and Lowe’s Home Improvement.
West Saint Paul, Minn. — Marcus & Millichap has arranged the $3.9 million sale of Wentworth Plaza, a 12,793-square-foot retail property located at 1590 S. Robert St. in West Saint…
Anderson, Ind. — Faris Lee Investments has completed the $2.6 million sale of a freestanding, 10,125-square-foot, single-tenant retail property triple net-leased to CVS/pharmacy in Anderson.
Los Angeles — Los Angeles-based Westwood Financial Corp. has restructured ownership of 77 of its 120 retail center holdings and its management company to form a single, $1.2 billion retail…
Cupertino, Calif. — Marcus & Millichap has arranged the $16.5 million sale of Saich Way Station, a 15,525-square-foot shopping center located less than one mile from Apple Inc.’s headquarters in…
Montclair, Calif. — CBRE Group Inc. has arranged the $15.5 million sale of Montclair Shoppes, an 18,889-square-foot shopping center located in Montclair, roughly 30 miles outside of downtown Los Angeles.
Ontario, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $6 million sale of a 6,786-square-foot retail pad site shadow-anchored by a new Walmart Supercenter in Ontario, roughly…
Orange, Calif. — Coldwell Banker Commercial (CBC) Advisors has arranged the $4 million sale of a two-story, single-tenant retail building located in the historic Orange Circle of Orange, California.
East Rutherford, N.J. — Triple Five Group of Cos. and Nickelodeon have announced that a brand new Nickelodeon Universe theme park will open at the 3 million-square-foot American Dream development…
Washington, Pa. — Gaming and Leisure Properties Inc. has completed the previously announced acquisition of The Meadows Racetrack and Casino in Washington, a suburb of Pittsburgh.
Boston — HFF has arranged $265 million in first mortgage and mezzanine financing for Church Park, a mixed-use development located in the Back Bay neighborhood of Boston.
Houston — Simon has announced that Nobu and Fig & Olive will open new locations at The Galleria in Houston.
By: Robert Caperton, President and Managing Partner, Barrett Properties
Atlanta — Federal Capital Partners (FCP) and Westbridge Partners have broken ground on Stockyards, an adaptive renovation of three historic warehouses in Atlanta’s West Midtown district.
Long Beach, Calif. — Ballast Point Brewing & Spirits is set to open a new 11,427-square-foot brewery at 110 N. Marina adjacent to Alamitos Bay Landing in Long Beach’s Seaport…
Los Angeles — Marcus & Millichap has arranged the $1.1 million sale of a 5,104-square-foot mixed-use retail and multifamily property located in Los Angeles.
New York City — American Finance Trust Inc. (AFIN) has acquired all of the outstanding common stock of American Realty Capital – Retail Centers of America Inc. (RCA) for approximately…
Inverness, Ala. — Branch Properties LLC has acquired two shopping centers in the Birmingham suburb of Inverness, Alabama, from Bayer Properties.
Lewisville, Texas — Pierson Retail Advisors (PRA) has arranged the sale of Lewisville Village, a 24,290-square-foot strip center located in the Dallas suburb of Lewisville.
Pearl City, Hawaii — Sonnenblick-Eichner Co. has secured a $59 million first mortgage debt to refinance Pearl City Gateway, a 146,205-square-foot shopping center located roughly 12 miles outside of Honolulu…
Lady Lake, Fla. — CBRE has arranged the $37.8 million sale of Rolling Acres, a 189,390-square-foot shopping center located along U.S. Highway 441 in Lady Lake.
Savannah, Ga. — SRS Real Estate Partners has arranged the sale of Savannah Mall, a 940,408-square-foot enclosed mall in Savannah.
Irvine, Calif. — Wesco Properties Inc. has acquired a two building retail site located in Irvine for $13.7 million.
Amarillo, Texas — BMC Capital has secured a $1 million acquisition loan for a net-leased Dunkin’ Donuts store in Amarillo.
Reston, Va. — The Chevy Chase Land Co. has acquired South Lakes Village Shopping Center, a 110,000-square-foot retail center located roughly 25 miles outside of Washington, D.C., for $62 million.
Long Beach, Calif. — CBC Advisors Orange County has arranged the $3.5 million sale of Orange Plaza, a 19,840-square-foot retail strip center located in Long Beach.
Kapolei, Hawaii — DeBartolo Development is set to open Ka Makana Alii, a 1.4 million-square-foot regional mall currently under construction in the West Oahu city of Kapolei, in late October.
New Hyde Park, N.Y. — Kimco Realty Corp. (NYSE: KIM) has bought out its joint venture partners in a four-property retail portfolio, purchasing the remaining 85 percent interest for $170.7 million.
Harrisburg, Pa. — Unison Realty Partners has acquired 100 percent ownership interest in the 132,000-square-foot, non-anchor portion of High Pointe Commons, a 355,000-square-foot regional shopping center located in Harrisburg, for…
Egg Harbor Township, N.J. — Wolfson Group Inc. will break ground on Oak Tree Plaza Shopping Center, a 249,943-square-foot retail center located in Egg Harbor Township, on September 7.
Lee's Summit, Mo. — A joint venture between BIG Shopping Centers USA and RED Development has acquired Summit Fair, a 516,268-square-foot shopping center, for an undisclosed price.
Keeping customers engaged today means creating a sense of belonging while placing amenities that please the senses.
Alpharetta, Ga. — InvenTrust Properties, a retail REIT based in Oak Brook, Illinois, has purchased Windward Commons, a 117,234-square-foot, Kroger-anchored shopping center in Alpharetta, for $27.7 million.
Winter Garden, Fla. — Boyd Development Corp. and Schrimsher Properties have announced that Cinépolis USA will anchor The Town Center at Hamlin, a shopping center located within the master planned…
Vernon Hills, Ill. — Inland Private Capital Corp. has sold a Mariano’s Fresh Market located in Vernon Hills, roughly 35 miles north of Chicago, for $36.4 million.
Minneapolis — Doran Cos. has acquired Calhoun Village Shopping Center, a 90,000-square-foot retail property located in Minneapolis, for $24.9 million.
Wilson, N.C. — HFF has secured $23.3 million in acquisition financing for Heritage Crossing, a 311,030-square-foot, grocery-anchored shopping center located in Wilson, roughly 40 miles west of Greenville.
Los Angeles — NorthMarq Capital has arranged the refinancing of two retail properties in Los Angeles.
Fairfield, Calif. — Sterling Organization has acquired Raley’s Plaza, a 95,441-square-foot shopping center located approximately 40 miles northeast of downtown San Francisco in Fairfield, for $22.8 million.
Oceanside, Calif. — InvenTrust Properties Corp. has acquired Old Grove Marketplace, an 81,279-square-foot shopping center located in the San Diego suburb of Oceanside, for $23.3 million.
Miami — Marcus & Millichap has arranged the $18 million sale of West Sunset Square, a 67,974-square-foot shopping center located in Miami.
Los Banos, Calif. — CBRE’s National Retail Investment Group – West has arranged the sale of Shops at Stonecreek Plaza, a retail strip center located in Los Banos.
St. Louis — Lawrence Group has started construction of City Foundry Saint Louis at Cortex, a $340 million mixed-use redevelopment.
Philadelphia — Benbrooke has sold Franklin Marketplace, a 223,434-square-foot retail power center located in northeastern Philadelphia, for $25.8 million.
Honolulu, Hawaii — Taubman’s International Market Place development has opened in the Honolulu neighborhood of Waikiki.
Minneapolis — Stahl Construction has been selected to build St. Louis Park, an eco-village project in Minneapolis.
Taylorsville, Utah — CBRE Group Inc. has arranged the sale of Taylorsville Town Center, a 127,231-square-foot shopping center located in Taylorsville, Utah.
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.