Baltimore — Goldman Sachs has committed $233 million to the Port Covington redevelopment project in Baltimore.
Los Angeles — Nordstrom Inc. has launched a new retail concept called Nordstrom Local, and will open the first of its kind in West Hollywood on October 3.
Oxnard, Calif. — CBRE has arranged the sale of Oxnard Vineyards, a 102,139-square-foot shopping center located in Oxnard, California.
Honolulu — Salem Partners, a commercial real estate developer based in Los Angeles, is moving forward on its $750 million, two-tower project in Honolulu.
North American Properties to Break Ground on Food Hall at Colony Square in Atlanta’s Midtown District
Atlanta — North American Properties (NAP) has unveiled plans to develop a 28,000-square-foot food hall at Colony Square, a mixed-use destination at the corner of 14th and Peachtree streets in…
New York City — SL Green Realty Corp. has partnered with RXR Realty to acquire a 48.7 percent interest in Worldwide Plaza, a Class A mixed-use property in Midtown Manhattan.
Arlington, Texas — SunTrust Banks Inc. has closed $600 million in financing for the Texas Rangers to fund the team’s share of construction costs for its new ballpark, known as Globe…
Wayne, N.J. — HFF has secured $18.7 million in acquisition financing for West Belt Plaza, a retail center located 20 miles from Midtown Manhattan in Wayne, New Jersey.
Marcus & Millichap Arranges $4.7 Million Sale of Shoppers Food & Pharmacy Location in Metro Baltimore
Windsor Mill, Md. — Marcus & Millichap has arranged the $4.7 million sale of a 94,851-square-foot retail property net-leased to Shoppers Food & Pharmacy in Windsor Mill, about 13 miles west…
Woodstock, Ga. — Franklin Street has arranged the $4.1 million sale of The Shops at Eagle Pointe, a 26,960-square-foot retail center located in the Atlanta suburb of Woodstock.
Whittier, Calif. — HFF has arranged the $12.6 million sale of a 24,866-square-foot building triple-net-leased to Sprouts Farmers Market in Whittier, about 20 miles southeast of Los Angeles.
Raleigh, N.C. — CBRE | Raleigh has arranged the $8.6 million sale of a six-property Dollar General portfolio located throughout North Carolina.
Rosemount, Minn. — Rosemount Crossing LLC has sold Rosemount Crossing, a 44,194-square-foot shopping center, for $7.6 million.
Austin, Texas — EDGE Realty Capital Markets has arranged the sale of The Grove at Lakeline, a 16,253-square-foot retail property located in Austin.
Cronheim Mortgage Secures $117.5 Million Financing for Madison Farms Mixed-Use Development in Pennsylvania
Bethlehem, Pa. — Cronheim Mortgage has secured $117.5 million in permanent and construction financing for Madison Farms, a mixed-use development in Bethlehem, located north of Philadelphia and west of New York…
Duluth, Ga. — Forge Capital Partners has sold Duluth Station, a 94,966-square-foot shopping center located in the Atlanta suburb of Duluth, Georgia, for $9.75 million.
Canton, Ga. — Preferred Apartment Communities Inc. has acquired Woodmont Village, an 85,639-square-foot shopping center located 40 miles outside Atlanta in Canton, Georgia.
The U.S. economy added 156,000 jobs in August, falling short of expectations but not enough to sound alarm bells. In advance of the report released Sept. 1 by the Bureau of…
Allen Park, Mich. — Mid-America Real Estate Corp. has arranged the sale of Fairlane Green, a 95,490-square-foot shopping center located in the Detroit suburb of Allen Park.
Scranton, Pa. — PREIT has announced the opening of HomeGoods, Dick’s Sporting Goods and Field & Stream in a space formerly occupied by Sears at Viewmont Mall in Scranton.
Altoona, Pa. — PREIT has sold Logan Valley Mall, a regional mall located in Altoona, Pennsylvania, for $33.2 million.
The Picerne Group, Shopoff Realty Break Ground on Phase I of 25-Acre Mixed-Use Development in California
Newport Beach, Calif. — A joint venture between The Picerne Group and Shopoff Realty Investments has broken ground on Phase I of Uptown Newport, a 25-acre mixed-use development located in…
Dunwoody, Ga. — Marcus & Millichap has arranged the $8.6 million sale of a three-tenant retail property located near Perimeter Mall in the Atlanta suburb of Dunwoody.
Progressive Arranges Sale of Retail Center, Signs Six New Tenants to Mixed-Use Development in California
San Jacinto and Corona, Calif. — Progressive Real Estate Partners has arranged the $4.9 million sale of Dollar General Town Center, a 27,112-square-foot retail center located in the Inland Empire…
Sugar Land, Texas — EDGE Realty Capital Markets has brokered the sale of Greenway Shopping Center, a 7,750-square-foot retail property located at 13400-13414 Greenway Drive in Sugar Land.
By: Chris Karl, design specialist for Ambius
Santa Clarita, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $15.5 million sale of Seco Canyon Village, a 42,134-square-foot shopping center located in Santa Clarita, 35 miles…
Cincinnati — OnSite Retail Group will oversee leasing of the retail portion of The District at Deerfield, a $140 million mixed-use development in Cincinnati.
Carrollton, Texas — Idaho-based grocer WinCo Foods has begun building an 82,077-square-foot store within Trinity Valley Shopping Center, a 300,000-square-foot shopping center located in Carrollton, Texas, roughly 19 miles outside…
Lithia Springs, Ga. — Katz Properties has acquired the Village at Westfork, a Kroger-anchored shopping center in Lithia Springs, for $11.6 million.
Los Angeles — Casper, an online mattress retailer, has launched a multi-city retail expansion in more than a dozen locations across North America.
Dallas — HFF has arranged the refinancing of Highland Park Village, a roughly 250,000-square-foot shopping center in Dallas.
Jackson, Tenn. — Chase Properties Ltd. has acquired The Columns, a 268,000-square-foot shopping center in Jackson.
Newport Beach, Calif. — Marcus & Millichap has announced that Scott Hook, formerly executive vice president at Coldwell Bank Commercial Advisors, has rejoined Marcus & Millichap as senior vice president…
San Diego — CBRE has announced that Young Hickory — a café offering local coffee, craft beer, breakfast and lunch — will open a 1,577-square-foot location at IDEA1, a mixed-use…
Seattle and Austin, Texas — Amazon (NASDAQ: AMZN) has officially closed its $13.7 billion acquisition of Whole Foods Market. The first order of business for the e-commerce giant is making…
Riverside, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $22.2 million sale of Michaels Plaza, a 62,952-square-foot retail center located adjacent to the 1.2 million-square-foot Galleria at…
Lombard, Ill. — Mid-America Real Estate Corp. has arranged the sale of a Mariano’s store in the Chicago suburb of Lombard for $20 million.
Cary, N.C. — Preferred Apartment Communities Inc. (PAC) has acquired Maynard Crossing, a 122,781-square-foot shopping center located in Cary, 11 miles east of Raleigh.
North Randall, Ohio — Amazon (NASDAQ: AMZN) has unveiled plans to open an 855,000-square-foot fulfillment center at the former site of Randall Park Mall in North Randall, roughly 15 miles…
Holladay, Utah — Mountain West Commercial Real Estate has arranged the sale of Van Winkle Shopping Center, a 168,494-square-foot retail center located in Holladay, 11 miles southeast of Salt Lake…
Des Moines, Iowa — New England Development has unveiled the tenant list for Outlets of Des Moines leading up to the grand opening on Oct. 20.
Hurst, Texas — Marcus & Millichap has arranged the sale of a 22,066-square-foot retail property located in Hurst, 25 miles west of Dallas.
Laguna Niguel, Calif. — Keystone Mortgage Corp. has secured a $60 million refinancing for Plaza de la Paz, a 295,000-square-foot shopping center located in the Orange County community of Laguna…
Lake Elsinore, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $11.6 million sale of Oak Grove Crossing, a 22,577-square-foot shopping center located in Lake Elsinore.
San Diego, Calif. — Shea Properties has signed seven new tenants to open at Mercado del Barrio, a mixed-use center located in the Barrio Logan neighborhood of San Diego.
Oakland, Calif. — Lee & Associates has arranged the $2.5 million sale of a property net-leased to Bridgestone in Oakland.
Charlottesville, Va. — O’Connor Capital Partners has opened L.L.Bean, an outdoor apparel and footwear retailer, at the Shops at Stonefield, a 265,000-square-foot shopping center located roughly two miles north of…
Fort Lauderdale, Fla. — NAI Rauch Weaver Norfleet Kurtz & Co., a Fort Lauderdale affiliate of NAI Global, has arranged the $49.5 million sale of a four-store Walmart Neighborhood Market portfolio…
Atlanta — InvenTrust Properties Corp. has purchased The Plaza Midtown, a 70,000-square-foot, Publix-anchored retail center in Atlanta’s Midtown district, for $31.8 million.
Foothill Ranch, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $5.7 million sale of a two-tenant retail building located in Foothill Ranch, California.
Plano, Texas — Provident Realty Advisors will develop The Legacy at Spring Creek, a 37-acre mixed-use project located at the corner of Dallas North Tollway and Spring Creek Parkway in…
Sterling Heights, Mich. — Time Equities Inc. (TEI) has acquired Clinton Valley Shopping Center, a 205,435-square-foot retail center located in the Detroit suburb of Sterling Heights, for $23.5 million.
Anaheim, Calif. — Savills Studley has arranged the $18.5 million sale of Anaheim Lincoln Shopping Center, a 72,950-square-foot retail center located roughly 27 miles outside Los Angeles in Anaheim.
Atlanta — Atlanta-based The Home Depot has announced plans to add solar installations to the rooftops of 50 stores in six states.
Folsom, Calif. — Marcus & Millichap has arranged the $39.6 million sale of Walmart Central Shopping Center, a 139,277-square-foot retail center located 21 miles northeast of Sacramento in Folsom, California.
Benton, Ark. — GBT Realty has opened The Shoppes of Benton, a $36 million shopping center in Benton, roughly 25 miles southwest of Little Rock.
Egg Harbor Township, N.J. — Wolfson Group has announced that Walmart Supercenter has opened as the anchor tenant at Oak Tree Plaza in Egg Harbor Township.
Structured Development Acquires Office Building in Chicago, Plans 200,000-Square-Foot Mixed-Use Development
Chicago — Structured Development has acquired a 40,000-square-foot loft office building in Chicago’s Lincoln Park for an undisclosed price.
Chula Vista, Calif. — Sudberry Properties and Ayres Hotels have broken ground on Millenia Commons, a 131,800-square-foot “lifestyle destination center” and a 135-room Ayres Hotel in the San Diego suburb…
Acton, Mass. — Atlantic Management has completed the disposition of Powder Mill Plaza, a retail property located roughly 22 miles northwest of Boston in Acton, Massachusetts.
Riverview, Fla. — Batson-Cook Development Co. (BCDC), in a joint venture with Dunphy Properties, has sold Rivercrest Commons, a Publix-anchored shopping center in Riverview, for $21.7 million.
Huber Heights, Ohio — Marcus & Millichap’s Institutional Property Advisors division has arranged the sale of North Heights Plaza shopping center in Huber Heights, a suburb of Dayton.
Yoga studios, like other non-traditional use spaces, can have a positive impact for a center. A popular studio can bring not only revenue from the lease itself, but also increased…
Philadelphia — KeyBank Real Estate Capital has provided a $44.7 million refinancing for two buildings in the Art Museum neighborhood of Philadelphia.
Chino, Calif. — Savills Studley has negotiated the sale of Chino Spectrum Towne Center, a 459,969-square-foot shopping center located in Chino.
Tucson, Ariz. — HFF has arranged the $21.5 million sale of Ventana Village, a 110,116-square-foot shopping center located in Tucson, Arizona.
Colorado Springs, Colo. — Vintage Companies has received an $8.8 million refinancing for Rampart Village Center, a five-building retail center totaling 96,296 square feet in Colorado Springs, Colorado.
Savannah and Macon, Ga. — RCG Ventures has sold two retail properties located in Georgia.
Las Vegas — JLL Income Property Trust has acquired Montecito Marketplace, a 190,000-square-foot shopping center located in Las Vegas.
Dania Beach, Fla. — Kimco Realty Corp. (NYSE: KIM) has broken ground on the Phase I retail portion of Dania Pointe, a mixed-use project in Dania Beach, a beachside suburb of…
New York City — Champs Sports, a division of Foot Locker Inc., is set to open a two-story flagship store at 10 Times Square in New York City.
Pharr, Texas — Houston-based developer Levcor Inc. has received a $78 million loan to refinance existing construction debt on Pharr Town Center, a 466,950-square-foot retail center in the South Texas city…
Atascocita, Texas — Los Angeles-based Westwood Financial Corp. has acquired Market at Lake Houston, a 101,791-square-foot, H-E-B-anchored retail center in the Houston suburb of Atascocita.
Fontana, Calif. — Faris Lee Investments has arranged the $20.7 million sale of Southridge Plaza, a 119,359-square-foot shopping center located nine miles west of San Bernardino in Fontana, California.
Augusta, Ga. — Big V Capital LLC has acquired Colony Plaza, a 216,693-square-foot shopping center located in Augusta, Georgia.
Trinity, Fla. — Sleiman Enterprises has purchased Shoppes at Trinity Lakes, a shopping center located 30 miles north of Tampa in Trinity, for $18 million.
Provo, Utah — California-based real estate investment firm Brixton Capital will invest approximately $80 million in the repositioning of Provo Towne Center, an 800,000-square-foot mall in Provo, located about 45 miles…
Houma, La. — Chase Properties Ltd. has purchased Magnolia Square, a 242,000-square-foot shopping center located in Houma, 60 miles southwest of New Orleans.
Southern California — Federal Realty Investment Trust has formed a joint venture with Primestor Development Inc. to acquire seven retail properties in Southern California.
Terrell, Texas — Schulman Theatres will develop Film Alley Movie Entertainment Center, a 74,000-square-foot facility that will be located at the corner of Interstate 20 and FM 148 in Terrell…
Bakersfield, Calif. — CBRE in conjunction with the National Retail Partners-West (NRP-West) team has brokered the sale of Riverlakes Village, a grocery-anchored shopping center in Bakersfield.
Los Angeles — Westwood Financial, a shopping center investment firm based in Los Angeles, has received $171 million in financing in two separate loan transactions.
Honolulu, Hawaii — Colliers International has arranged the $42.3 million sale of a flagship Walgreens store located across from Ala Moana Center in Honolulu, Hawaii.
Gaines Township, Mich. — Mid-America Real Estate Corp. has arranged the sale of Gaines Marketplace, a 60,576-square-foot shopping center located in the Grand Rapids suburb of Gaines Township, Michigan.
Phoenix — Cushman & Wakefield has arranged the sale of Camelback Center, a 32,963-square-foot shopping center located in Phoenix.
Phoenix — Harbert Management Corp. has acquired an ownership stake in High Street, a 628,000-square-foot mixed-use development located in Phoenix. Although the sale price was not disclosed, the buyer received…
Brookhaven, Pa. — Katz Properties has completed the disposition of Brookhaven Shopping Center, a 211,758-square-foot retail center located 15 miles outside Philadelphia in Brookhaven.
South Portland, Maine — HFF has arranged the $16.5 million sale of and secured $12.6 million in acquisition financing for Mallside Plaza, a 98,948-square-foot shopping center located in South Portland…
Miami — HFF has arranged a refinancing for the 126,453-square-foot retail component of Downtown Dadeland, a mixed-use development comprising seven buildings in Miami.
Tampa and Dunedin, Fla. — The Shopping Center Group has arranged the sale of two shopping centers in metro Tampa: Northbay Commerce Center in Tampa and Weathersfield Commons in Dunedin…
Irmo, S.C. — Preferred Apartment Communities (PAC) has purchased Irmo Station, a 99,384-square-foot shopping center in Irmo, roughly 12 miles northwest of Columbia.
ICSC’s annual RECon Convention in Las Vegas is a great opportunity to get a pulse of the industry. Each May, the trends and themes expressed at RECon are a great…
Richmond, Calif. — LBG Real Estate Cos. and Aviva Investors have purchased Hilltop Mall, a 1.1 million-square-foot regional mall located 20 miles northeast of San Francisco in Richmond, for an…
Bluffton, S.C. — Matthews Real Estate Investment Services has arranged the $22 million sale of Low Country Village, a 140,000-square-foot shopping center in Bluffton, roughly seven miles west of Hilton Head.
Plano, Texas — HFF has secured $17.7 million in post-acquisition financing for Creekwalk Village, a 174,484-square-foot retail power center situated on 14.7 acres at 801 W. 15th St. in Plano.
Cookeville, Tenn.— Fimiani Development Corporation has acquired Willow Tree Plaza in Cookeville, Tennessee, for $4.2 million.
New York City — Houlihan-Parnes Realtors has arranged a $52.5 million first mortgage loan for a 285,000-square-foot office and retail property located at 2501 Grand Concourse in the Bronx neighborhood…
Dallas — Florida-based Foundry Commercial and its capital partner, San Francisco-based Stockbridge, have acquired Northview Plaza, a 116,099-square-foot retail center located at 19674 E. Northwest Highway in Dallas.
Hagerstown, Md. — PREIT has signed a lease with Belk to join Valley Mall in Hagerstown.
Southlake, Texas — Southlake-based N3 Real Estate has received $20 million in refinancing for a portfolio of eight retail centers totaling 172,152 square feet in various cities throughout Texas.
New York City — Global fashion retailer Michael Kors has agreed to acquire Jimmy Choo, a London-based luxury footwear and accessories brand, for approximately $1.35 billion.
Belton, Mo. — Christie Development has broken ground on the $63 million second phase of construction for Belton Gateway in Belton, about 20 miles south of Kansas City.
Oak Brook, Ill. — Inland Real Estate Group has arranged the sale of 49 newly developed CVS/pharmacy properties across 16 states for more than $211 million.
Camp Hill, Pa. — PREIT is repositioning Capital City Mall near Harrisburg with multiple new tenants.
Bartlett, Tenn. — HFF has arranged the sale of Bartlett Towne Center, a 192,624-square-foot shopping center located in Bartlett, Tennessee, roughly 13 miles outside Memphis.
Corona, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $28.6 million sale of Sierra Del Oro Towne Centre, a 110,004-square-foot shopping center located in Corona, roughly 48…
Glen Allen, Va. — The Peterson Cos. has opened the first Publix in Virginia at Nuckols Place, a shopping center located in Glen Allen, roughly 13 miles north of Richmond.
Lake Forest, Calif. — Faris Lee Investments has arranged the $2.5 million sale of a 1,800-square-foot, single-tenant property occupied by Starbucks Coffee in Lake Forest, California.
Morristown, N.J. — The Hampshire Cos., in a joint venture with Seoul, South Korea-based Hana Asset Management Co., has acquired a six-store Walmart Neighborhood Market portfolio in southern Louisiana.
Chicago — Industry veteran David Gorelick, a renowned Simon Property Group and Ralph Lauren Corporation executive, will join Chicago-based Cushman & Wakefield as executive managing director and head of retail…
Buford, Ga. — HFF has arranged the sale of Golden Park Village, a 68,738-square-foot shopping center located in the Atlanta suburb of Buford, Georgia.
San Antonio — El Paso-based investment firm Mimco Inc. has acquired 5530 Walzem Road, a 100,000-square-foot shopping center in San Antonio.
Chula Vista, Calif. — HFF has arranged the $42 million sale of Gateway Marketplace, a 127,861-square-foot shopping center located in Chula Vista, roughly nine miles outside San Diego.
San Francisco — The Gymboree Corporation plans to close approximately 350 stores, mainly across the Gymboree and Crazy 8 brands.
Dallas and Denton, Texas — Disney Investment Group (DIG) has arranged the sale of two shopping centers located in Dallas and Denton, Texas.
Random, W.Va. — A joint venture between Heidenberg Properties Group and Strategic Real Estate Partners has purchased The Potomac Marketplace, a 370,000-square-foot shopping center located along Route 9 in Ranson.
Portland, Ore. — Kimco Realty Corp. (NYSE: KIM) has acquired Jantzen Beach Center, a 746,000-square-foot open-air shopping center in Portland, for $131.8 million.
Natixis Provides $54.5 Million in Financing for Redevelopment of Cheltenham Square Mall in Metro Philadelphia
Cheltenham, Pa. — Natixis has originated a $54.5 million floating-rate loan for the redevelopment of the former Cheltenham Square Mall located in Cheltenham, roughly 12 miles outside Philadelphia.
CBRE Global Investors, Universal-Investment Purchase Mixed-Use Property in Miami Beach for $283 Million
Miami Beach, Fla. — CBRE Global Investors and German investment company Universal-Investment have purchased 1111 Lincoln, a 146,327-square-foot mixed-use property in Miami Beach.
San Luis Obispo, Calif. — HFF has arranged the $43.6 million sale of Marigold Center, a 174,428-square-foot shopping center located in San Luis Obispo.
Cary, N.C. — The Sembler Co. has unveiled plans to develop a 72,000-square-foot, Publix-anchored shopping center in Cary, roughly 11 miles west of Raleigh.
St. Augustine, Fla. — American Commercial Realty Corp. (ACR) has acquired the Shops at World Golf Village, the retail component of World Golf Village in St. Augustine, located roughly 30…
Raleigh, N.C. — Continental Realty Corp. (CRC) has sold Creekside Crossing, a 60,499-square-foot shopping center located at 404 E. Six Forks Road in Raleigh, for $10.1 million.
Hilliard, Ohio — RCG Ventures has acquired Mill Run Square in Hilliard, a suburb of Columbus.
Las Vegas — Eyzenberg & Co. has secured an $18.1 million refinancing for The Shoppes at Harmon Square, a 31,384-square-foot retail center located across from the Hard Rock Hotel …
Montebello, Calif. — Hanley Investment Group Real Estate Advisors has arranged the sale of a single-tenant building occupied by LA Fitness.
Dallas — Rainier Realty Investments has acquired Wheatland Towne Crossing, a 207,669-square-foot retail center located in Dallas.
Parsippany, N.Y. — RD Management, JMF Properties and Ripco Real Estate Corp. have broken ground on Waterview Marketplace, a shopping center located roughly 27 miles outside New York City in Parsippany.
Daytona Beach, Fla. — Avison Young has arranged the $20 million sale of Volusia Marketplace, a 131,361-square-foot shopping center located across from the Daytona International Speedway in Daytona Beach, Florida.
Stockton, Calif. — Faris Lee Investments has arranged the $7 million sale of The Shops at Hammer & West, a 15,314-square-foot strip center located in Stockton, California.
San Antonio, Texas — San Antonio-based developer StrEat Park LLC has broken ground on Brooklyn StrEat Food Park, a $2.5 million project located at 201 Burnet St. in San Antonio.
Beck Ventures Begins Demolitions for Phase I of $4 Billion Mixed-Use Project at Former Valley View Mall Site in Dallas
Dallas — Beck Ventures has begun demolishing Valley View Mall to make way for Dallas Midtown, a $4 billion mixed-use project that will encompass more than 400 acres.
Austin, Texas — Capital Metro and a partnership between Endeavor Real Estate Group and Columbus Realty Partners have broken ground on Plaza Saltillo District, an 11-acre, transit-oriented development near downtown Austin.
Weehawken, N.J. — Hartz Mountain Industries has broken ground for Whole Foods Market 365 at Lincoln Harbor, a mixed-use development on the Weehawken waterfront in New Jersey.
Associated Bank Provides $25 Million Loan for Refinancing of Mariano’s-Occupied Building in Metro Chicago
Westmont, Ill. — Associated Bank has provided a $25 million loan for the refinancing of a single-tenant building occupied by Mariano’s Fresh Market in Westmont, about 20 miles west of Chicago.
Austin and San Antonio, Texas — The QuikTrip Corp. will open more than 100 new gas and convenience store locations in the Austin and San Antonio areas beginning in the…
Pottstown, Pa. — CBRE has arranged the sale of Town Square Plaza, a power center located roughly 40 miles outside Philadelphia in Pottstown.
Escondido, Calif. — Paragon Commercial Group has closed two long-term leases with HomeGoods and ALDI at Escondido Valley Center at the corner of West Valley and Auto parkways in Escondido.
Little Rock, Ark. — Ziff Properties Inc. has purchased Bowman Curve Shopping Center, an 81,271-square-foot retail development located near the intersection of North Bowman Road and West Markham Street in…
Boston — L3 Capital and LaSalle Investment Management have purchased a vacant commercial building located at 399 Washington St. in Boston’s Downtown Crossing for $63.2 million.
Deerfield, Ill. — The merger between Walgreens Boots Alliance Inc. (NASDAQ: WBA) and Rite Aid Corp. (NYSE: RAD) has been terminated.
Norfolk, Va. — Simon has opened the 332,000-square-foot Norfolk Premium Outlets, bringing retailers including Banana Republic Factory, Calvin Klein, Nike Factory Store, Old Navy and Steve Madden to the Norfolk…
Davenport, Fla. — Franklin Street has closed on the $23.4 million sale of Ovation Town Center, a 96,750-square-foot, Publix-anchored shopping center located at 7800 Lake Wilson Road in Davenport, roughly 35…
Columbus, Ohio — Eight new tenants have signed on to open at Easton Town Center in Columbus. Fashion and accessory brands Zara, Shinola, Filson and A Pea in the Pod will…
Streetsboro, Ohio — Envoy Net Lease Partners LLC has provided a $1 million-plus loan on a corporate ground lease for a Wendy’s restaurant in Streetsboro, roughly 20 miles north of Akron…
Delray Beach, Fla. — The Keith Corporation has finalized plans for the redevelopment of Delray Square Shopping Center, a 150,000-square-foot retail center in Delray Beach, Fla. The center will be…
Charlotte, N.C. — Westwood Financial LLC has acquired The Arbors at Mallard Creek, a 55,323 square-foot, Trader Joe’s-anchored shopping center in Charlotte’s University City neighborhood. CBRE’s Mike Burkard and Casey…
La Quinta, Calif. — Hanley Investment Group Real Estate Advisors has arranged the sale of a two-tenant retail building occupied by TJ Maxx and ULTA Beauty in La Quinta. The…
Westbury, N.Y. — Lesso Group has acquired The Mall at the Source and an adjacent retail building, located at 1504 Old Country Road in Westbury, for $92 million.
Barrington and Elmhurst, Ill. — Millennium Properties has arranged the sale of two retail centers in suburban Chicago.
Houston, Texas — HFF has secured $80 million in acquisition financing for and brokered the sale of BLVD Place, a 216,692-square-foot mixed-use center located in the Uptown district of Houston.
Nashville, Tenn. — AEG plans to develop a mixed-use entertainment district at Southwest Value Partner’s (SWVP) Nashville Yards in downtown Nashville.
Pueblo West, Colo. — Faris Lee Investments has arranged the $2.4 million sale of Pueblo West Retail Center, a 13,000-square-foot, Walmart Supercenter shadow-anchored strip center located in Pueblo West.
Cedar Rapids, Iowa — Mid-America Real Estate Corp. has arranged the sale of Northland Square, a 187,068-square-foot shopping center located in Cedar Rapids.
Manassas, Va. — Finmarc Management Inc. has purchased Festival at Manassas, a 117,000-square-foot shopping center located in Manassas, from Katz Properties for $20 million.
Seattle — Online retail giant Amazon (NASDAQ: AMZN) has agreed to acquire luxury grocery chain Whole Foods Market Inc. (NASDAQ: WFM) for $13.7 billion.
Bentonville, Ark. — Walmart (NYSE: WMT) has agreed to acquire online apparel retailer Bonobos Inc. for approximately $310 million in cash.
Cottonwood Management Breaks Ground on $900 Million Mixed-Use Development in Boston’s Seaport District
Boston — Cottonwood Management, a private real estate management and development firm based in Los Angeles, has started construction of Echelon Seaport, a three-tower, $900 million mixed-use development in Boston’s Seaport…
DDR, Madison International Realty Close $1.05 Billion Recapitalization of DDR Domestic Retail Fund I
Beachwood, Ohio — Beachwood-based DDR Corp. and an affiliate of Madison International Realty have closed the $1.05 billion recapitalization of a joint venture with 52 shopping centers previously owned by DDR…
El Segundo, Calif. — HFF has arranged a $125 million refinancing for Plaza El Segundo, a 380,558-square-foot shopping center located roughly 20 miles outside Los Angeles in El Segundo.
Las Vegas — Golden Entertainment Inc. (NASDAQ: GDEN) has agreed to acquire American Casino & Entertainment Properties LLC, which owns four gaming and entertainment properties in Nevada, for $850 million.
Sparks, Nev. — RCG Ventures has acquired Sparks Crossing, a 335,981-square-foot shopping center located roughly four miles outside Reno in Sparks, for $40.2 million.
Crescent Communities Unveils Plans for Bigby Mixed-Use Development in Nashville’s Cool Springs District
Franklin, Tenn. — Crescent Communities has unveiled plans for Bigby, a mixed-use development in Nashville’s Cool Springs submarket.
Goodyear, Ariz. — Sterling Organization has acquired Palm Valley Marketplace, a 107,633-square-foot shopping center located roughly 16 miles outside Phoenix in Goodyear.
Delta Township, Mich. — Mid-America Real Estate Corp. has arranged the sale of the Marketplace at Delta Township, a 174,353-square-foot shopping center located in the Lansing suburb of Delta Township…
Salina, Kan. — Marcus & Millichap has arranged the sale of a Chick-fil-A ground lease in Salina, located in central Kansas, for $1.6 million.
Gramor Secures Construction Financing for Phase I Component of $1.5 Billion Waterfront Vancouver Project
Vancouver, Wash. — Gramor Development Inc., a privately held firm based in Oregon, has secured a round of construction financing for Phase I of its $1.5 billion mixed-use project along…
New York City — Mission Capital Advisors has arranged $41.6 million in financing for the construction of Kingswood Plaza II, an office and retail development located at 1715 E. 13th St…
San Dimas, Calif. — Marcus & Millichap has arranged the sale of Bonita Canyon Gateway, a retail property located roughly 28 miles outside Los Angeles in San Dimas.
Fayetteville, N.C. — RealtyLink LLC plans to deliver the $80 million Freedom Town Center located at Skibo and Cliffdale roads in Fayetteville.
Woodbridge, Va. — Klein Enterprises has acquired Market at Opitz Crossing, a 157,724-square-foot shopping center located in Woodbridge, from the Sterling Organization for $29.3 million.
Stone Mountain, Ga. — Preferred Apartment Communities Inc. (PAC) has purchased Rockbridge Village, a 102,432-square-foot retail center in Stone Mountain, a suburb of Atlanta.
Livermore, Calif. — RedMill Capital, alongside financial partner ANICO Eagle LLC, has broken ground on The Shops at Livermore, a 115,000-square-foot mixed-use development located roughly 40 miles outside San Francisco…
Albert Lea and Cambridge, Minn. — Timber Development Corp. has acquired one strip center, and is developing two centers in Albert Lea and Cambridge, Minnesota.
Coral Springs, Fla. — CPAC Royal University LLC — a joint venture between CREC and Lubert Adler — has sold Royal University Plaza, a 115,000-square-foot shopping center located in Coral…
Norfolk, Va. — The Cordish Cos. and the City of Norfolk have opened Waterside District, a $40 million overhaul and rebranding of the former Waterside Festival Marketplace.
Philadelphia and Cleveland — Interior design firm NELSON has merged with Philadelphia-based Cope Linder Architects and Cleveland-based KA Architecture to create a full-service architecture and design firm.
Chesapeake, Va. — Southeastern has arranged the $38.7 million sale of Greenbrier Square, a 260,602-square-foot shopping center located in Chesapeake.
Cambridge, Mass. — A $30 million renovation is underway at CambridgeSide Galleria, a 1.2 million-square-foot, mixed-use development located roughly two miles outside downtown Boston in East Cambridge.
Portland, Ore. — HFF has arranged the sale of Southgate Shopping Center, a 50,826-square-foot, multi-tenant strip center located in the Southgate area of Portland.
Los Angeles — HFF has arranged $100 million in financing for the development of Arts District AMP Lofts, a mixed-use residential and retail property located Los Angeles’ Arts District.
Torrance, Calif. — Quantum Capital Partners has secured a $37 million interest-only loan to refinance The Shops at South Bay, a 200,000-square-foot shopping center located roughly 20 miles outside Los…
Lompoc, Calif. — Cushman & Wakefield has arranged the $19 million sale of Central Town Square, a grocery-anchored shopping center located in Lompoc, California.
Monroe, Mich. — Mid-America Real Estate Corp. has arranged the sale of Telegraph Plaza, a 141,354-square-foot shopping center located in Monroe.
Shapell Liberty Investment Properties Breaks Ground on $150 Million Mixed-Use Project in Los Angeles
Los Angeles — Shapell Liberty Investment Properties has broken ground on The Vineyards at Porter Ranch, a $150 million mixed-use project in Los Angeles’ Porter Ranch neighborhood.
Modesto, Calif. — HFF has arranged the $170 million refinancing of a portfolio of 33 triple-net-leased grocery properties totaling 1.73 million square feet in northern California.
Perry, Ga. — Avison Young has arranged the sale of Perry Marketplace, a 179,973-square-foot shopping center located in Perry, roughly 29 miles outside Macon, Georgia.
Canton, Texas — Dallas-based STRIVE has arranged the sale of Trader’s Square Shopping Center, a 57,920-square-foot shopping center located in Canton, Texas.
Chicago and Naperville, Ill. — Horizon Realty Services has closed two lease transactions for Kilwins Chocolates, Fudge and Ice Cream in metro Chicago.
East Boston and Revere, Mass. — The HYM Investment Group LLC, a mixed-use developer based in Boston, has purchased Suffolk Downs, a 161-acre horse racetrack located in East Boston and Revere.
Boston — WS Development has hired architecture firm OMA to design a mixed-use project located at 88 Seaport Blvd. in Boston.
Oceanside, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $7.4 million sale of a single-tenant Walgreens property located roughly 38 miles outside San Diego in Oceanside.
Investors View Anchored Centers as Best Source of Opportunity in Changing Retail Landscape, Real Capital Markets Reports
An evolution is taking place in the retail sector today. Big box retailers are no longer en vogue with today’s active and experience-driven consumer, and the growth of e-commerce continues…
San Diego, Calif. — A joint venture between Citivest Commercial Investments LLC and Hutensky Capital Partners has acquired a freestanding AMC theater complex in San Diego for $36 million.
Eatontown, N.J. — Paramount Realty is set to break ground on Freedom Pointe, a mixed-use development located within the larger redevelopment of Fort Monmouth, a former Army Base in New…
Northridge, Calif. — Investment Real Estate Associates (IREA) has arranged the $54.7 million sale of the Northridge Plaza Shopping Center, located roughly 30 miles outside Los Angeles in Northridge.
Katy, Texas — Vista Equities Group has broken ground on the final phase of development of LaCenterra at Cinco Ranch, a 34-acre, mixed-use development in Katy.
Associated Bank Provides $25 Million Refinance Loan for Mariano’s-Occupied Building in Metro Chicago
Orland Park, Ill. — Associated Bank has provided a $25 million loan for the refinancing of a 73,180-square-foot retail building occupied by Mariano’s Fresh Market in Orland Park, a suburb…
New York City — Urban Edge Properties (NYSE: UE) has purchased a seven-property retail portfolio primarily within the New York City metro area and Missouri for $325 million. The portfolio…