A glimpse at what retail marketing professionals can expect to see and hear at RECon 2016.
By: Mark Winter, founder and president of Identity Marketing & Public Relations
- Published in SCBlog
A glimpse at what retail marketing professionals can expect to see and hear at RECon 2016.
By: Mark Winter, founder and president of Identity Marketing & Public Relations
Westlake, Texas — Harbert Management Corp. has acquired Plaza at Solana, a three-building office, hospitality and retail mixed-use development located in the Dallas suburb of Westlake.
Corona Del Mar, Calif. — Corona Del Mar-based Hanley Investment Group Real Estate Advisors has arranged the sale of three 7-Eleven stores, located in California and Florida, for a total…
Los Angeles — Dunkin’ Donuts has signed an agreement with Precision Hospitality & Development to develop eight new restaurants in Los Angeles.
Cincinnati — Chicago-based fitness franchise The Barre Code is set to open a new location at 615 Main St. in downtown Cincinnati early next year.
Fayetteville, Ga. — A development team comprising Chick-fil-A CEO and Fayette County resident Dan Cathy and Jim Pace of Pace Lynch Corp. has revealed plans for a new master-planned development located adjacent…
Birmingham, Ala. — DRA Advisors LLC has sold The Colonnade, a 127,031-square-foot shopping center located in Birmingham.
Phoenix — Walmart has broken ground on a 148,000-square-foot Walmart Supercenter located at Metrocenter Mall in Phoenix.
Orlando and Bradenton, Fla. — Plaza Advisors has arranged the sale of two shopping centers located in Orlando and Bradenton, Florida.
Arroyo Grande, Calif. — PAQ Inc. has acquired a 63,737-square-foot vacant building located in Five Cities Center, a 467,000-square-foot power center located in the California Central Coast community of Arroyo…
While California is experiencing a construction boom across all property sectors, the latest Allen Matkins/UCLA Anderson Forecast Survey of commercial real estate developers and investors provides the first indication of…
San Diego — The San Diego Port Authority Commission has selected a $1.2 billion project proposal anchored by a 480-foot observation tower to transform 70 acres of downtown San Diego’s waterfront.
Livermore, Calif. — Summit, New Jersey-based RedMill Capital has received a $38.6 million loan for the construction of The Shoppes at Livermore, a 120,000-square-foot retail center to be located in…
Casa Grande, Ariz. — Marcus & Millichap has arranged the $3.4 million sale of a 3,616-square-foot, net-leased property occupied by Raising Cane’s in Casa Grande.
Santa Clara, Calif. — Irvine Co. Retail Properties has added seven new tenants to Santa Clara Square Marketplace, a 125,000-square-foot shopping center located in Silicon Valley.
Cumming, Ga. — Preferred Apartment Communities Inc. (PAC) has purchased Lakeland Plaza, a 301,711-square-foot shopping center located at the intersection of Georgia 400 and Highway 20 in Cumming.
Issaquah, Wash. — Regency Centers Corp. has acquired Klahanie Shopping Center, a grocery-anchored shopping center located in the Seattle suburb of Issaquah, for $36 million.
Novi, Mich. — Children’s clothing retailer Hanna Andersson and American Girl are set to open new locations at Twelve Oaks Mall, a 550,000-square-foot regional mall located in the Detroit suburb…
Chino, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $3.15 million sale of a 3,900-square-foot, multi-tenant pad building located at Stater Bros. Plaza in Chino.
Hicksville, N.Y. — Seven new tenants have joined Broadway Mall, a regional shopping mall located in the New York City suburb of Hicksville.
New York City — Tishman Speyer, in partnership with Qatar Diar, is moving ahead with the construction of a 1.1 million-square-foot office and retail project in Long Island City.
Sunbury, Pa. — Weis Markets Inc., a Mid-Atlantic grocery retailer, has reached an agreement with Food Lion LLC to purchase 38 Food Lion supermarket locations in Maryland, Virginia and Delaware.
Los Angeles — A property occupied by fashion house Bijan has traded hands on Rodeo Drive in Los Angeles.
Tempe, Ariz. — Orion Investment Real Estate has arranged the $2 million sale of Red Devil Center, an 18,170-square-foot shopping center located near Arizona State University in Tempe.
Leawood, Kan. — AMC Theatres (NYSE: AMC) has entered into a definitive agreement to acquire the largest theatre exhibitor in Europe, London-based Odeon & UCI Cinemas Group, from private equity…
Reno, Nev. — Shopoff Realty Investments has acquired Firecreek Crossing, a 348,000-square-foot regional power center located at the intersection of Kietzke Lane and Redfield Parkway in Reno, for $48.5 million.
Danbury, Conn. — NorthMarq Capital has arranged a $20 million refinance for North Street Shopping Center, a 212,406-square-foot retail property located in the New York City suburb of Danbury, Connecticut.
Grand Prairie, Texas — Southlake, Texas-based United Development Co. has begun the redevelopment of the former UA Theater Grand Prairie 10, located at the corner of Westchester Parkway and Carrier…
Tempe, Ariz. — ViaWest Group has acquired a 68,000-square-foot retail site located in Tempe for $2 million.
Ventura, Calif. — IRA Capital Advisors has acquired Poinsettia Plaza, a 153,200-square-foot shopping center located in Ventura, for $50 million.
Ukiah, Calif. — Hanley Investment Group has arranged the $15 million sale of Ukiah Crossroads, a 106,460-square-foot shopping center located in Ukiah.
Los Angeles — Next Century Partners has received $1 billion in construction financing for the Century Plaza mixed-use project in Los Angeles. The $2.5 billion project will include two residential towers…
Ukiah, Calif. — Meridian Capital Group has secured $19.6 million in acquisition financing for the purchase and repositioning of Pear Tree Center in Ukiah.
Woodbridge, Va. — The JBG Cos. have announced seven new retailers and restaurants set to open at Stonebridge at Potomac Town Center, a 482,631-square-foot retail center located in the Washington…
Three Rivers, Mich. — Friedman Integrated Real Estate Solutions has arranged the sale of Three Rivers Shopping Center, a 91,264-square-foot retail center located roughly 30 miles south of Kalamazoo in…
Atlanta — Newk’s Eatery, a Jackson, Mississippi-based fast casual restaurant chain, has signed a new development agreement with franchisee C^2 Investment Partners LLC for six new locations in the Atlanta area.
Sturbrudge, Mass. — Kimco Realty has completed the disposition of The Center at Hobbs Brook, a 230,590-square-foot retail center in Sturbridge.
Westlake, Ohio — New York Life Real Estate Investors has arranged a $48 million refinancing loan for The Promenade at Crocker Park in Westlake, approximately 15 miles southwest of Cleveland.
Jacksonville, Fla. — American Commercial Reality Corp. (ACR) has acquired Highland Square, a 277,000-square-foot shopping center located in Jacksonville.
Rochester, N.Y. — Rochester-based Broadstone Net Lease, a private REIT managed by Broadstone Real Estate, has acquired seven Red Lobster properties located in Arkansas, Indiana, Kentucky, Minnesota, New Mexico and…
Beachwood, Ohio — Beachwood-based DDR Corp. has named Thomas August president and CEO.
Lake Jackson, Texas — ALDI is set to open a 23,500-square-foot location in the Houston suburb of Lake Jackson.
MURPHY, TEXAS — Phillips Edison Grocery Center REIT I Inc. has acquired Murphy Marketplace, a 218,598-square-foot, Sprouts-anchored shopping center located in Murphy, a suburb 25 miles northeast of Dallas.
SCOTTSDALE, ARIZ. — Cushman & Wakefield has arranged the $15.6 million sale of Zocallo Plaza, a 51,195-square-foot shopping center located in the Phoenix suburb of Scottsdale.
HAZLET, N.J. — CBRE has arranged the sale of Kmart Plaza, a retail center located in Hazlet.
EVANSVILLE, IND. — CBRE has assisted Raben Tire Company Inc. in the sale-leaseback of 19 properties across five states.
MORENO VALLEY, CALIF. — Faris Lee Investments has arranged the sale of a Rite Aid property located at 24991 Alessandro Blvd. in Moreno Valley.
CARLSBAD, CALIF. — Matthews Retail Advisors has brokered the sale of a retail property located at 5802 Van Allen Way in Carlsbad.
AMHERST, N.Y. — WS Development has commenced construction of the first phase of its redevelopment of Northtown Plaza in Amherst.
Taylorsville, Utah — S Squared Development, along with financial partner Tri-Gate Capital, has experienced a surge of new tenant deals at The Crossroads at Taylorsville in Taylorsville. Located off Interstate…
HOUSTON — NewQuest Properties has arranged more than 23,000 square feet of retail leases in greater Houston.
SYLVANIA, OHIO — Friedman Integrated Real Estate Solutions has arranged the sale of Timberstone Center, a 35,347-square-foot retail property in Sylvania, approximately 15 miles west of Toledo, for an undisclosed…
Fort Lauderdale, Fla. — Stiles has completed The Enclave Shops at Coral Ridge, a 27,300-square-foot shopping center anchored by The Fresh Market.
New York City — HFF has secured a $32.1 million refinancing for a fully leased retail condominium located at 200 West End Ave. in Manhattan’s Upper West Side Neighborhood.
East Rutherford, N.J. — Lucky Strike Entertainment is set to open its For The Win gastropub concept at American Dream.
Santa Clara, Calif. — SVN | The Kase Group has arranged the $25.5 million sale of a 95,700-square-foot Home Depot property located in Santa Clara.
St. Joseph, Mo. and Mobile and Huntsville, Ala. — RCG Ventures Fund III has acquired three retail properties located in Missouri and Alabama.
Arlington, Texas — Marcus & Millichap has arranged the sale of Center Street East, a 14,114-square-foot retail strip center located in Arlington.
Anaheim, Calif. — The mayor and city council of Anaheim have unanimously approved construction of Jefferson Stadium Park, a 17.9-acre development adjacent to Angel Stadium of Anaheim, home of Major League Baseball’s…
Gardena, Calif. — Storm Properties Inc. has acquired Redondo Plaza, a grocery-anchored shopping center located in Gardena, roughly 16 miles south of Los Angeles.
Dallas — High Street Residential, in partnership with Northwestern Mutual Real Estate, has topped out Knox Heights, a six-story mixed-use development located along McKinney Avenue in Dallas.
Frisco, Texas — The Vitorino Group has arranged the sale of a freestanding retail property ground leased to McDonald’s in Frisco.
Dallas — The Dallas Cowboys and Legends Hospitality will open the Stadium Club at AT&T Stadium this fall.
Chicago — Novak Construction has finished work on a 30,000-square-foot Whole Foods Market at the City Hyde Park development. The store, located at 5118 S. Lake Park Ave., features a secret…
Tullahoma, Tenn. — NorthMarq Capital has arranged a $2 million loan for Jackson Circle Shopping Center, a 6,500-square-foot retail property located at 1603 N. Jackson St. in Tullahoma.
Boston — National Real Estate Advisors and The HYM Investment Group have unveiled plans to redevelop the Government Center Garage into Bulfinch Crossing, a six-building, 2.9 million-square-foot mixed-use development in…
Houston — HFF has arranged joint venture equity for the recapitalization of River Oaks District, a 650,000-square-foot, luxury mixed-use development in Houston.
Warrington, Pa. — Poag Shopping Centers, in partnership with real estate funds managed by Ares Management, has acquired The Shops at Valley Square, a 292,888-square-foot mixed-use property located in the…
Fremont, Calif. — A public/private partnership between the City of Fremont, TMG Partners, SARES-REGIS Group and Summerhill Homes has broken ground on Locale @ State Street, a mixed-use development located…
Washington, D.C. — The JBG Cos. and Malrite Co. are working together to develop a new and expanded International Spy Museum at L’Enfant Plaza in Washington, D.C.
Orlando, Fla. — Avison Young has arranged the $16.5 million sale of West Colonial Oaks, a 160,792-square-foot shopping center located in Orlando.
Scottsdale, Ariz. — Cushman & Wakefield has arranged the $15.6 million sale of Zocallo Plaza, a 51,195-square-foot shopping center located in the Phoenix suburb of Scottsdale.
Orlando, Fla. — Kimco Realty Corp. has sold East Orlando Shopping Center, a 131,981-square-foot, grocery-anchored center located in Orlando, for $6 million.
Maitland, Fla. — The Allen Morris Co. has begun construction on Maitland City Centre, a $68 million mixed-use development in Maitland, roughly 10 miles north of Orlando.
Dallas — Capital Pacific, in partnership with Legend Partners, has arranged the $19.5 million sale of a 163,545-square-foot Home Depot property in Dallas.
Arvada, Colo. — Pinnacle Real Estate Advisors LLC has arranged the $4.1 million sale of Indiana Marketplace, a 14,738-square-foot shopping center located in the Denver suburb of Arvada.
Birmingham, Ala. — CBRE has arranged the $8.4 million sale of The Shops on Montevallo, a 64,851-square-foot shopping center located in Birmingham.
Los Angeles and San Diego — Savills Studley has arranged the sale of a pair of shopping centers in Southern California for a combined sales price of $352 million.
Murfreesboro, Tenn. — Sterling Organization has signed a lease with Carmike Cinemas to open a new nine-screen, 47,000-square-foot Ovation Cinema Grill at Stones River Mall, a 594,588-square-foot enclosed regional mall…
Waterbury, Conn. — Katz Properties has acquired Mattatuck Commons, a shopping center located in Waterbury, for $21.6 million.
Chicago — Intercontinental Real Estate Corp. has sold the River East Center, a 251,060-square-foot, mixed-use property in the Streeterville area of downtown Chicago.
New York City — Macerich has announced that Primark and Zara will be opening as part of a redevelopment at Kings Plaza, a 1.1 million-square-foot enclosed mall located in the…
Louisville, Ky. — InvenTrust Properties Corp. has sold Westport Village, a 169,000-square-foot lifestyle center located in Louisville, for $23.75 million.
St. Louis — Mid-America Real Estate Corp. has arranged the $15.2 million sale of Southtown Centre, an 88,364-square-foot shopping center located in St. Louis.
Glendale, Ariz. — Lee & Associates has arranged the $8.7 million sale of North Canyon Ranch, a 70,428-square-foot, Goodwill-anchored shopping center located in Glendale.
Baltimore City, Md. — Greysteel has arranged the $7.5 million sale of Waverly Towers, a 51,550-square-foot urban retail center located in Baltimore City.
Beaumont, Texas — Baker Katz has redeveloped a fully leased retail site located in Beaumont.
Rochester, N.Y. — WinnDevelopment and GDD Properties, in a public-private partnership with New York State, have broken ground on the $200 million redevelopment of The Sibley Building, located at the intersection of…
New York City — French billionaire Marc Ladreit de Lacharrière has purchased a 100,000-square-foot office and retail building in Manhattan for $525 million.
Henderson, Nev. — LBG Real Estate Cos. LLC, in partnership with Aviva Investors Real Estate Capital Partners I-A LP, has sold a single-tenant, net-leased Home Depot location in the Las Vegas…
Snellville, Ga. — Publix Super Markets Inc. has purchased Publix at Centerville, a 68,752-square-foot shopping center located in Snellville, a suburb of Atlanta.
Eldersburg, Md. — Black Oak Associates has completed the $60 million redevelopment of Eldersburg Commons, a 300,000-square-foot shopping center formerly known as Carrolltown Mall.
Henderson and North Las Vegas, Nev. — Cushman & Wakefield has arranged the sale of four grocery-anchored shopping centers located in Henderson and North Las Vegas.
Winchester, Va. — Calkain Companies has arranged the sale of a Chick-fil-A property located within the Rutherford Crossing Shopping Center in Winchester for $3 million.
Tucson, Ariz. — Marcus & Millichap has arranged the $1.97 million sale of SurgCenter of Tucson, a 6,300-square-foot, net-leased property located in Tucson.
Norfolk, Va. — Simon Property Group has begun construction on Norfolk Premium Outlets, a 332,000-square-foot outlet mall located in Norfolk.
Carson, Calif. — KTGY Architecture + Planning has unveiled the design for Vintage Real Estate’s retailer expansion at SouthBay Pavilion, a 1.2 million-square-foot enclosed shopping center located in the Los…
Moosic, Penn. — U.S. Properties Group has announced the signing of two new leases totaling 11,500 square feet at the Shoppes at Montage, a lifestyle center located in Moosic.
Hamilton, Ohio — Sands Investment Group (SIG) has arranged the $10.2 million sale of a Kroger grocery store in Hamilton, approximately 30 miles north of Cincinnati.
Los Angeles — Peter Lowy, co-CEO of Westfield Corp., the Australia-based shopping center owner and operator that has its U.S. headquarters in Los Angeles, has been named to the U.S. Department…
Chicago — Cushman & Wakefield has arranged the $53.2 million sale of a 33,597-square-foot retail property in Chicago’s Gold Coast neighborhood.
North Hollywood, Calif. — North Hollywood, California-based iP2 Entertainment has partnered with National Geographic Partners LLC, a joint venture between National Geographic Society and 21st Century Fox, to develop a…
Seattle — KLM Equities Inc. has acquired the Hard Rock Café Seattle near Pike Place Market in Seattle for $20.8 million.
Memphis, Tenn. — Memphis-based Poag Shopping Centers will manage four outdoor lifestyle centers located in Georgia and Florida.
Tempe, Ariz. — CBRE has arranged the $1.7 million sale of a 3,288-square-foot, freestanding retail property located at 111 W. University Drive in Tempe.
Newbury Park, Calif. — CBRE has arranged the $15.3 million sale of The Terrace, a two-level, 39,634-square-foot shopping center located in Newbury Park.
Cincinnati — Cincinnati-based Phillips Edison Grocery Center REIT II has acquired six grocery-anchored shopping centers located in Florida, Massachusetts, Connecticut, Texas and Nevada.
New York and Los Angeles — NorthStar Asset Management Group Inc. (NYSE: NSAM), Colony Capital Inc. (NYSE: CLNY) and NorthStar Realty Finance Corp. (NYSE: NRF) have entered into a definitive merger…
Pinecrest, Fla. — Suniland Associates Ltd., an affiliate of Terranova Corp., has sold the 82,000-square-foot Suniland Shopping Center to a Denver-based REIT for $66.5 million.
Rochester, N.Y. — Wilmorite has announced plans to convert The Marketplace Mall, an enclosed regional mall located in Rochester, into an outlet center.
Chattanooga, Tenn. — Goldman Sachs Mortgage Co. has provided a $107 million loan to CBL & Associates Properties Inc. for Hamilton Place Mall, an enclosed regional mall located in Chattanooga.
Irving, Texas — Pierson Retail Advisors (PRA) has arranged the sale of Market Square, a 49,727-square-foot shopping center located in the Dallas suburb of Irving.
Denver, Colo. — Developers Tom and Brooke Gordon have chosen OZ Architecture to design DriveTrain, a mixed-use development to be built in Denver’s RiNo neighborhood.
Bloomfield Hills, Mich. — Bloomfield Hills-based Agree Realty Corp. has acquired a portfolio of 11 net lease retail properties for $79.5 million.
San Bernardino, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $8.57 million sale of Seven Trees Shopping Center, a 150,338-square-foot, Target-anchored shopping center located in San Bernardino.
Houston — Hartman Retail II, a Delaware Statutory Trust, has purchased Mission Bend Shopping Center in Houston for $15.1 million.
Chicago — Chicago-based @properties has hired Michael Richwine as senior commercial broker.
Deer Valley, Utah — ValueRock Realty Partners has obtained entitlements and approvals for the 87-acre Deer Cove Master Plan, one of the largest planned mixed-use communities in the Deer Valley/Park…
McCandless, Penn. — HFF has secured a $70 million permanent loan for McCandless Crossing, a 354,567-square-foot town center located in the Pittsburgh suburb of McCandless.
Plano, Texas — The Vitorino Group has arranged the sale of Willow Bend Crossing, the second phase of a newly constructed shopping center located near the southwest corner of the…
Fort Worth, Texas — Marcus & Millichap has arranged the sale of a 3,000-square-foot property net-leased to Dunkin’ Donuts in Fort Worth.
Sleepy Hollow, N.Y. — A joint venture between SunCal and Diversified Realty Advisors has broken ground on Edge-On-Hudson, a $1 billion development on the Hudson River in Sleepy Hollow, located approximately 20…
Englewood, Colo. — Englewood-based Sports Authority Inc. has announced that it will close the doors to all 463 of its locations by the end of August.
New York City — New York REIT (NYSE: NYRT) has agreed to acquire all properties of JBG Cos. and some of its private funds, creating an $8.4 billion real estate investment…
Manhattan Beach, Calif. — JLL Retail is set to begin the $150 million redevelopment of Manhattan Village Shopping Center, a 44-acre, 573,000-square-foot mixed-use center located in Manhattan Beach.
Germantown, Tenn. — Trademark Property Co. has signed three new retailers to join Saddle Creek, a 173,000-square-foot outdoor lifestyle retail center in Germantown, roughly 22 miles east of Memphis.
Old Bridge, N.J. — The Brunetti Organization is developing The Oaks at Glenwood, a 2,400-acre mixed-use town center development in Old Bridge.
Miami — Swire Properties Inc., along with co-developers Whitman Family Development and Simon Property Group, has signed 11 new retailers as tenants of Brickell City Centre’s 500,000-square-foot shopping center in…
Chicago — Baum Realty Group LLC has arranged the sale of a retail property in Chicago’s Edgewater neighborhood for $14.1 million.
Birmingham, Ala. — Birmingham-based Retail Specialists has named Beau Young senior vice president.
Las Vegas — Las Vegas-based NewMarket Advisors has hired Michelle Bauer as a retail real estate advisor.
Las Vegas — This is a “Rodney Dangerfield recovery,” declares Dr. Ben Bernanke, former chairman of the Federal Reserve. Much like the late comedian, it gets no respect.
Walnut Creek, Calif. — Tallen Capital Partners LLC and Citivest Commercial LLC, alongside an undisclosed equity partner, are set to begin the redevelopment of Rossmoor Shopping Center, a 108,000-square-foot retail…
Miami Beach, Fla. — Marcus & Millichap has arranged the $12.3 million sale of Plaza 1600 South Beach, a 6,090-square-foot retail property located in Miami Beach’s South Beach neighborhood.
Austin, Texas — Misuma Holdings is set to begin the redevelopment and rebranding of Highland Village, a 120,000-square-foot retail center located in Austin.
Concord, Calif. — Sterling Organization has acquired Olivera Crossing, a 47,571-square-foot shopping center located in Concord, from West Valley Properties for $12 million.
Marietta, Ga. — Franklin Street has arranged the $7 million sale of Whitlock Village, a 61,180-square-foot shopping center located in Marietta.
Franklin, Mass. — NorthMarq Capital has arranged the $50 million refinancing of Franklin Village, a 303,096-square-foot, grocery-anchored mixed-use center located in the Boston suburb of Franklin.
Atlanta — The Atlanta Braves and development partner Fuqua Development have revealed eight new retail, dining and entertainment concepts coming to The Battery Atlanta, a 1.5 million-square-foot mixed-use development surrounding…
Charleston, S.C. — North American Properties – Atlanta has unveiled plans to develop Lorelei, a 160-acre, upscale mixed-use project located on Laurel Island in Charleston.
Virginia Beach, Va. — Armada Hoffler Properties Inc. plans to develop a $32 million mixed-use project within the 17-block Town Center of Virginia Beach.
St. Peters, Mo. — GBT Realty Corp. has unveiled plans to develop The Shoppes at Mid Rivers, a $54 million retail center located in the St. Louis suburb of St…
The Colony, Texas — Jackson-Shaw has begun construction on a four-restaurant dining and entertainment development known as The Oasis.
Westminster, Calif. — Marcus & Millichap has arranged the sale of Little Saigon Shopping Center, an 85,133-square-foot shopping center located in Westminster’s Little Saigon community.
Atlanta — Atlanta-based Preferred Apartment Communities Inc. has acquired a six-property, grocery-anchored retail portfolio through its retail subsidiary New Market Properties LLC.
Crowley, Texas and Santa Maria, Calif. — Phillips Edison Grocery Center REIT II has acquired two grocery-anchored shopping centers in Texas and California.
Mandeville, La. — Stirling Properties has opened a new Whole Foods Market at Premier Centre in the New Orleans suburb of Mandeville.
Commerce, Calif. — Commerce-based Smart & Final has opened 33 Smart & Final Extra! warehouse-style grocery stores in California.
White Marsh, Md. — Construction has begun on Greenleigh at Crossroads, a $750 million phase of Baltimore Crossroads, a 1,000-acre mixed-use development in White Marsh in the eastern section of Baltimore County.
Boca Raton, Fla. — The merger agreement between Staples Inc. (NASDAQ: SPLS) and Office Depot Inc. (NASDAQ: ODP) has been terminated. As a result, Office Depot will receive a cash payment from…
Arlington, Va. — A joint venture between Regency Centers Corp. (NYSE: REG) and AvalonBay Communities Inc. (NYSE: AVB) has acquired Market Common Clarendon, a mixed-use development located in Arlington, for $406 million.
Miami — The Richman Group Development Corp. (Richman), a subsidiary of The Richman Group of Florida Inc., has acquired a 2.2-acre, fully approved land site in Miami for the development…
Batavia, Ill. — Cushman & Wakefield has arranged the $15 million sale of Fabyan Randall Plaza, a 91,415-square-foot shopping center located in the Chicago suburb of Batavia.
Tampa, Fla. — Phillips Edison Grocery Center REIT II has acquired Bloomingdale Hills, a 78,442-square-foot, grocery-anchored shopping center located in the Riverview area of Tampa, for $9.2 million.
Memphis, Tenn. — IKEA plans to install Tennessee’s largest solar rooftop system atop its Memphis store set to open in the fall.
New York City — Related Cos. and LargaVista Cos. have broken ground on 300 Lafayette Street, an 80,000-square-foot, mixed-use boutique office and retail building located in New York City’s SoHo…
Boston — The Boston Redevelopment Authority Board has given approval for Edens to construct a 700,000-square-foot mixed-use development in the South Bay submarket of Boston.
Delano, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $3.2 million sale of Glenwood Square, a 6,808-square-foot retail strip center located in Delano.
Tacoma, Wash. — CBRE has arranged the $26.7 million sale of Lincoln Plaza, an 80,922-square-foot retail center located in Tacoma.
Skokie, Ill. — Mid-America Real Estate Corp. has arranged the sale of the multi-tenant portion of Touhy Marketplace, an 18,700-square-foot retail property located in the Chicago suburb of Skokie.
Sanford, Fla. — Demolition work has commenced on Flea World, the one-time home of “the nation’s largest flea market under one roof,” in Sanford approximately 25 miles north of Orlando.
Myrtle Beach, S.C. — Misuma Holdings and Peak Financial Partners Inc. have announced plans to begin a $30 million redevelopment of Myrtle Beach Mall.
Savannah, Ga. — The Southeastern Investment Sales Team has arranged the $49 million sale of Market Walk, a 255,000-square-foot shopping center in Savannah.
St. Paul, Minn. — St. Paul-based Gander Mountain is set to open three new stores in Colorado, Pennsylvania and Texas this fall.
Daytona Beach, Fla. — International Speedway Corp. (ISC), a motorsport event promoter and owner/operator of 13 motorsport entertainment facilities, has broken ground on ONE DAYTONA, a 300,000-square-foot mixed-use project in Daytona Beach.
Harrisburg, Pa. — Macy’s has opened its new Backstage concept within 25,000 square feet of space on the first level of Harrisburg Mall, located on Paxton Street in Harrisburg.
Los Angeles — NorthMarq Capital has arranged $3 million in acquisition financing for 24th & Vermont, a 19,280-square-foot mixed-use property located at 451-467 North Western Avenue in Los Angeles.
Chula Vista, Calif. — NGKF Capital Markets has arranged the sale of The Marketplace at Windingwalk, a 104,206-square-foot, grocery-anchored shopping center located in the San Diego suburb of Chula Vista.
Los Gatos, Calif. — Donahue Schriber has acquired Los Gatos Village Square, a 46,235-square-foot grocery-anchored shopping center located in the San Francisco Bay area community of Los Gatos.
Centennial, Colo. — Pinnacle Real Estate Advisors LLC has arranged the sale of Centennial Corners, an 18,719-square-foot shopping center located in the Denver suburb of Centennial.
Houston — Baker Katz has acquired a 12,000-square-foot retail building located on 40,000 square feet in the Timbergrove neighborhood of Houston.
Pottstown and Reading, Pa. — CBRE Group Inc. has arranged the sale of North End Shopping Center in Pottstown and Madeira Plaza in Reading.
Walnut Creek, Calif. — MoMo’s American Bar & Grill, the AT&T Park-adjacent restaurant and mecca for San Francisco Giants’ fans, is opening a second location in Walnut Creek, roughly 25…
Perris, Calif. — Eight new retailers are set to open at Perris Marketplace, a Super Walmart-anchored shopping center located in Perris.
Greenwood, Ind. — Envoy Net Lease Partners LLC has provided a construction loan for the development of a single-tenant, net-lease American Mattress retail outlet in Greenwood, Indiana.
Dallas — Max Tsai and Peter Kosley of Henry S. Miller’s retail division have arranged the sale of Lucky 7 Plaza in Dallas.
Deerfield Beach, Fla. — Weingarten Realty Investors has acquired Deerfield Mall, a 394,248-square-foot, Publix-anchored shopping center located in the South Florida community of Deerfield Beach, for $92.75 million.
Winston-Salem, N.C. — Jab Beech Inc. and Krispy Kreme Doughnuts Inc. have entered into a definitive merger agreement under which JAB will acquire Krispy Kreme for $21-per-share in cash, or…
Morristown, Tenn. — CBL & Associates Properties Inc. has announced that Dick’s Sporting Goods and Ulta Beauty will be joining College Square Mall in Morristown.
Frisco, Texas — The Dallas Cowboys have unveiled plans for a 200,000-square-foot retail block at The Star in Frisco, a $1.5 billion, 91-acre mixed-use development that will include the NFL…
Crystal, Minn. — Paster Properties has acquired a 5,000-square-foot outlot for the development of a retail building with a drive-thru located in Crystal, less than ten miles outside of Minneapolis.
Aurora, Colo. — Matthews Retail Advisors has arranged the $4 million sale of Quincy Corners, a 15,765-square-foot shopping center located in the Denver suburb of Aurora.
Denville, N.J. — CBRE Group has arranged the sale of The Shoppes at Union Hill, a lifestyle center located in Denville.
Decatur, Ga. — Whole Foods Market has selected Decatur as one of the first cities to introduce its new 365 by Whole Foods Market concept.
General Growth Properties partners with Daktronics to create a one-of-a-kind entertainment experience for Fashion Show in Las Vegas. The technology has applications for centers around the globe.
Scottsdale, Ariz. — Five Star Development has announced plans to break ground on a high-end mixed-use center that will be connected to the $2 billion Ritz-Carlton, Paradise Valley master-planned development…
Los Angeles — George Smith Partners has secured financing on behalf of Canadian retail investment firm CormackHill LP for the $43 million acquisition of the iconic Fred Segal retail property…
Granite Bay, Calif. — Vestar has acquired Sierra Oaks Plaza, a 105,555-square-foot neighborhood shopping center located in the Sacramento suburb of Granite Bay, for $28.1 million.
Glendale, Ariz. — CBRE has arranged the $10 million sale of Shops at Arrowhead Gateway, a 35,684-square-foot shopping center located on an outparcel of Arrowhead Towne Center Mall in Glendale.
Pomona, Calif. — Marcus & Millichap has arranged the sale of Foothill Square, a 123,127-square-foot shopping center located in the Los Angeles suburb of Pomona.
New York City — After losing money for 13 consecutive quarters, teen apparel retailer Aéropostale Inc. (OTCQX: AROP) has filed for Chapter 11 Bankruptcy protection.
Bellevue, Wash. — Vulcan Real Estate has acquired Bellevue Plaza, a 60,000-square-foot shopping center located in Bellevue, roughly 10 miles outside of Seattle.
Carlsbad, Calif. — CBRE Capital Markets’ Debt & Structured Finance team has arranged a $43 million loan for Cornerstone Real Estate Advisers LLC to refinance Bressi Ranch Village Center, a retail…
Coconut Creek, Fla. — AEW Capital Management L.P. has acquired Promenade at Coconut Creek, a 297,557-square-foot LEED Silver certified lifestyle center.
Rosenberg, Texas — NewQuest Properties has finalized a 38,835-square-foot lease with 24 Hour Fitness Worldwide Inc. at the 550-acre Brazos Town Center in the Houston suburb of Rosenberg.
Bal Harbour, Fla. — Whitman Family Development has submitted updated plans for a $400 million expansion of Bal Harbour Shops, an upscale, 450,000-square-foot open-air shopping center located near Miami Beach…
Chicago — Mid-America Real Estate Corp. has arranged the $46.5 million sale of The Heritage Shops at Millennium Park, a 98,547-square-foot street-retail property located in Chicago.
Santa Clarita, Calif. — Hanley Investment Group Real Estate Advisors (HIG) has arranged the sale of Bouquet Center, a 148,903-square-foot, grocery-anchored shopping center located in the Los Angeles suburb of…
Lake Oswego, Ore. — 365 by Whole Foods Market will open its second West Coast location in Lake Oswego, Oregon, on July 14.
Philadelphia — CBRE Group Inc. has named Paige Jaffe first vice president of the retail team at the company’s Philadelphia office.
North Myrtle Beach, S.C. — Inland Real Estate Income Trust Inc. has acquired Coastal North Town Center, a 311,313-square-foot shopping center located in North Myrtle Beach.