By: Robert Caperton, President and Managing Partner, Barrett Properties
- Published in SCBlog
By: David Zelman, vice president in the retail mixed-use studio of FRCH Design Worldwide.
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.
Saginaw and Muskegon, Mich. — CBL & Associates Properties Inc. has sold two regional malls located in Michigan to an undisclosed private buyer for $66.5 million.
Westlake, Texas — Harbert Management Corp. has acquired Plaza at Solana, a three-building office, hospitality and retail mixed-use development located in the Dallas suburb of Westlake.
Corona Del Mar, Calif. — Corona Del Mar-based Hanley Investment Group Real Estate Advisors has arranged the sale of three 7-Eleven stores, located in California and Florida, for a total…
Los Angeles — Dunkin’ Donuts has signed an agreement with Precision Hospitality & Development to develop eight new restaurants in Los Angeles.
Cincinnati — Chicago-based fitness franchise The Barre Code is set to open a new location at 615 Main St. in downtown Cincinnati early next year.
Fayetteville, Ga. — A development team comprising Chick-fil-A CEO and Fayette County resident Dan Cathy and Jim Pace of Pace Lynch Corp. has revealed plans for a new master-planned development located adjacent…
Birmingham, Ala. — DRA Advisors LLC has sold The Colonnade, a 127,031-square-foot shopping center located in Birmingham.
Phoenix — Walmart has broken ground on a 148,000-square-foot Walmart Supercenter located at Metrocenter Mall in Phoenix.
Orlando and Bradenton, Fla. — Plaza Advisors has arranged the sale of two shopping centers located in Orlando and Bradenton, Florida.
Arroyo Grande, Calif. — PAQ Inc. has acquired a 63,737-square-foot vacant building located in Five Cities Center, a 467,000-square-foot power center located in the California Central Coast community of Arroyo…
While California is experiencing a construction boom across all property sectors, the latest Allen Matkins/UCLA Anderson Forecast Survey of commercial real estate developers and investors provides the first indication of…
San Diego — The San Diego Port Authority Commission has selected a $1.2 billion project proposal anchored by a 480-foot observation tower to transform 70 acres of downtown San Diego’s waterfront.
Livermore, Calif. — Summit, New Jersey-based RedMill Capital has received a $38.6 million loan for the construction of The Shoppes at Livermore, a 120,000-square-foot retail center to be located in…
Casa Grande, Ariz. — Marcus & Millichap has arranged the $3.4 million sale of a 3,616-square-foot, net-leased property occupied by Raising Cane’s in Casa Grande.
Santa Clara, Calif. — Irvine Co. Retail Properties has added seven new tenants to Santa Clara Square Marketplace, a 125,000-square-foot shopping center located in Silicon Valley.
Cumming, Ga. — Preferred Apartment Communities Inc. (PAC) has purchased Lakeland Plaza, a 301,711-square-foot shopping center located at the intersection of Georgia 400 and Highway 20 in Cumming.
Issaquah, Wash. — Regency Centers Corp. has acquired Klahanie Shopping Center, a grocery-anchored shopping center located in the Seattle suburb of Issaquah, for $36 million.
Novi, Mich. — Children’s clothing retailer Hanna Andersson and American Girl are set to open new locations at Twelve Oaks Mall, a 550,000-square-foot regional mall located in the Detroit suburb…
Chino, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $3.15 million sale of a 3,900-square-foot, multi-tenant pad building located at Stater Bros. Plaza in Chino.
Hicksville, N.Y. — Seven new tenants have joined Broadway Mall, a regional shopping mall located in the New York City suburb of Hicksville.
New York City — Tishman Speyer, in partnership with Qatar Diar, is moving ahead with the construction of a 1.1 million-square-foot office and retail project in Long Island City.
Sunbury, Pa. — Weis Markets Inc., a Mid-Atlantic grocery retailer, has reached an agreement with Food Lion LLC to purchase 38 Food Lion supermarket locations in Maryland, Virginia and Delaware.
Los Angeles — A property occupied by fashion house Bijan has traded hands on Rodeo Drive in Los Angeles.
Tempe, Ariz. — Orion Investment Real Estate has arranged the $2 million sale of Red Devil Center, an 18,170-square-foot shopping center located near Arizona State University in Tempe.
Leawood, Kan. — AMC Theatres (NYSE: AMC) has entered into a definitive agreement to acquire the largest theatre exhibitor in Europe, London-based Odeon & UCI Cinemas Group, from private equity…
Reno, Nev. — Shopoff Realty Investments has acquired Firecreek Crossing, a 348,000-square-foot regional power center located at the intersection of Kietzke Lane and Redfield Parkway in Reno, for $48.5 million.
Danbury, Conn. — NorthMarq Capital has arranged a $20 million refinance for North Street Shopping Center, a 212,406-square-foot retail property located in the New York City suburb of Danbury, Connecticut.
Grand Prairie, Texas — Southlake, Texas-based United Development Co. has begun the redevelopment of the former UA Theater Grand Prairie 10, located at the corner of Westchester Parkway and Carrier…
Tempe, Ariz. — ViaWest Group has acquired a 68,000-square-foot retail site located in Tempe for $2 million.
Ventura, Calif. — IRA Capital Advisors has acquired Poinsettia Plaza, a 153,200-square-foot shopping center located in Ventura, for $50 million.
Ukiah, Calif. — Hanley Investment Group has arranged the $15 million sale of Ukiah Crossroads, a 106,460-square-foot shopping center located in Ukiah.
Los Angeles — Next Century Partners has received $1 billion in construction financing for the Century Plaza mixed-use project in Los Angeles. The $2.5 billion project will include two residential towers…
Ukiah, Calif. — Meridian Capital Group has secured $19.6 million in acquisition financing for the purchase and repositioning of Pear Tree Center in Ukiah.
Woodbridge, Va. — The JBG Cos. have announced seven new retailers and restaurants set to open at Stonebridge at Potomac Town Center, a 482,631-square-foot retail center located in the Washington…
Three Rivers, Mich. — Friedman Integrated Real Estate Solutions has arranged the sale of Three Rivers Shopping Center, a 91,264-square-foot retail center located roughly 30 miles south of Kalamazoo in…
Atlanta — Newk’s Eatery, a Jackson, Mississippi-based fast casual restaurant chain, has signed a new development agreement with franchisee C^2 Investment Partners LLC for six new locations in the Atlanta area.
Sturbrudge, Mass. — Kimco Realty has completed the disposition of The Center at Hobbs Brook, a 230,590-square-foot retail center in Sturbridge.
Westlake, Ohio — New York Life Real Estate Investors has arranged a $48 million refinancing loan for The Promenade at Crocker Park in Westlake, approximately 15 miles southwest of Cleveland.
Jacksonville, Fla. — American Commercial Reality Corp. (ACR) has acquired Highland Square, a 277,000-square-foot shopping center located in Jacksonville.
Rochester, N.Y. — Rochester-based Broadstone Net Lease, a private REIT managed by Broadstone Real Estate, has acquired seven Red Lobster properties located in Arkansas, Indiana, Kentucky, Minnesota, New Mexico and…
Beachwood, Ohio — Beachwood-based DDR Corp. has named Thomas August president and CEO.
Lake Jackson, Texas — ALDI is set to open a 23,500-square-foot location in the Houston suburb of Lake Jackson.
MURPHY, TEXAS — Phillips Edison Grocery Center REIT I Inc. has acquired Murphy Marketplace, a 218,598-square-foot, Sprouts-anchored shopping center located in Murphy, a suburb 25 miles northeast of Dallas.
SCOTTSDALE, ARIZ. — Cushman & Wakefield has arranged the $15.6 million sale of Zocallo Plaza, a 51,195-square-foot shopping center located in the Phoenix suburb of Scottsdale.
HAZLET, N.J. — CBRE has arranged the sale of Kmart Plaza, a retail center located in Hazlet.
EVANSVILLE, IND. — CBRE has assisted Raben Tire Company Inc. in the sale-leaseback of 19 properties across five states.
MORENO VALLEY, CALIF. — Faris Lee Investments has arranged the sale of a Rite Aid property located at 24991 Alessandro Blvd. in Moreno Valley.
CARLSBAD, CALIF. — Matthews Retail Advisors has brokered the sale of a retail property located at 5802 Van Allen Way in Carlsbad.
AMHERST, N.Y. — WS Development has commenced construction of the first phase of its redevelopment of Northtown Plaza in Amherst.
Taylorsville, Utah — S Squared Development, along with financial partner Tri-Gate Capital, has experienced a surge of new tenant deals at The Crossroads at Taylorsville in Taylorsville. Located off Interstate…
HOUSTON — NewQuest Properties has arranged more than 23,000 square feet of retail leases in greater Houston.
SYLVANIA, OHIO — Friedman Integrated Real Estate Solutions has arranged the sale of Timberstone Center, a 35,347-square-foot retail property in Sylvania, approximately 15 miles west of Toledo, for an undisclosed…
Fort Lauderdale, Fla. — Stiles has completed The Enclave Shops at Coral Ridge, a 27,300-square-foot shopping center anchored by The Fresh Market.
New York City — HFF has secured a $32.1 million refinancing for a fully leased retail condominium located at 200 West End Ave. in Manhattan’s Upper West Side Neighborhood.
East Rutherford, N.J. — Lucky Strike Entertainment is set to open its For The Win gastropub concept at American Dream.
Santa Clara, Calif. — SVN | The Kase Group has arranged the $25.5 million sale of a 95,700-square-foot Home Depot property located in Santa Clara.
St. Joseph, Mo. and Mobile and Huntsville, Ala. — RCG Ventures Fund III has acquired three retail properties located in Missouri and Alabama.
Arlington, Texas — Marcus & Millichap has arranged the sale of Center Street East, a 14,114-square-foot retail strip center located in Arlington.
Anaheim, Calif. — The mayor and city council of Anaheim have unanimously approved construction of Jefferson Stadium Park, a 17.9-acre development adjacent to Angel Stadium of Anaheim, home of Major League Baseball’s…
Gardena, Calif. — Storm Properties Inc. has acquired Redondo Plaza, a grocery-anchored shopping center located in Gardena, roughly 16 miles south of Los Angeles.
Dallas — High Street Residential, in partnership with Northwestern Mutual Real Estate, has topped out Knox Heights, a six-story mixed-use development located along McKinney Avenue in Dallas.
Frisco, Texas — The Vitorino Group has arranged the sale of a freestanding retail property ground leased to McDonald’s in Frisco.