Anyone, including retailers, can track demographics and trends. But sometimes the most important criteria in site selection comes from local knowledge.
- Published in SCBlog
Anyone, including retailers, can track demographics and trends. But sometimes the most important criteria in site selection comes from local knowledge.
Landlords are tightening up their expectations of tenants as retailers' business practices are strengthening.
How retailers can think outside the box and utilize social media to lure customers.
While retail development was stalled in the U.S. during the recession, it boomed elsewhere.
How retailers can embrace long-term solutions to combat showrooming.
Post-recession, the omnichannel environment is changing the retail industry.
Understanding the difference between older, larger shopping centers and newer properties is the key to making smart investments.
How shopping center owners can prepare for an emergency response and be prepared for unforeseen disasters.
By: Thomas S. Onder and Adam J. Siegelheim, Shareholders, Stark & Stark
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.
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.
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.
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.
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.
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…
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.
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.
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.
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.
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.
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…
Chula Vista, Calif. — Sudberry Properties is set to break ground on Millenia Commons, a 131,800-square-foot shopping center located roughly eight miles outside San Diego in Chula Vista.
Las Vegas — In the midst of a particularly tumultuous period for the retail sector, evidenced by waves of store closures, what advice do seasoned shopping center executives have for…
The Woodlands, Texas — JLL has arranged the $175 million refinancing of Market Street - The Woodlands, a 493,400-square-foot mixed-use development located roughly 30 miles outside Houston in The Woodlands.
Westbury, N.Y. — LNR Partners LLC has sold The Mall at the Source, a 723,326-square-foot shopping center in the Long Island community of Westbury, for $92 million.
Miami — Hines is set to break ground on 110 10th Street, a 45-story, 600,000-square-foot mixed-use tower located within Miami Worldcenter, a 27-acre development in downtown Miami.
Atlanta — The retail portion of Peachtree Center, a mixed-use, transit-oriented development located in Atlanta, is set to undergo large-scale renovations.
Knoxville, Tenn. — Knoxville-based Regal Entertainment Group has acquired seven existing Warren Theatres totaling 93 screens in Kansas and Oklahoma.
Plano, Texas — SRS Real Estate Partners has arranged the $24.5 million sale of Creekwalk Village, a 174,484-square-foot shopping center located in Plano, Texas.
Glendora, Calif. — Three new tenants are set to open at 655 S. Grand Ave., a 70,500-square-foot shopping center currently undergoing redevelopment in the Los Angeles suburb of Glendora.
Covington, Wash. — A joint venture between Oakpointe Communities and Presidio Residential Capital has received unanimous approval from the City of Covington to develop LakePointe Urban Village, a $670 million…
East Rutherford, N.J. — Triple Five Cos. and the Ghermezian family, developers of the American Dream Meadowlands project, have secured $1.6 billion in private construction financing for the project, which…
Cincinnati — Phillips Edison Grocery REIT I Inc. (OTC: PHLD) has entered into an agreement to acquire the real estate assets and third-party asset management business of its sponsor firm, Phillips…
Washington, D.C. — Roadside Development and North America Sekisui House LLC have announced that Wegmans will anchor the redevelopment of the former Fannie Mae headquarters at 3900 Wisconsin Ave. in…
Miami — A partnership between Federal Realty Investment Trust, The Comras Company and Grass River Property has announced plans for the redevelopment of CocoWalk, a lifestyle center located in Miami’s…
Scottsdale, Ariz. — HFF has arranged the $26 million sale of The Village at Hayden, a 156,751-square-foot mixed-use development located in Scottsdale.
Raleigh, N.C. — FCA Partners LLC has acquired Celebration at Six Forks, a 125,000-square-foot shopping center located in Raleigh, for $19.1 million.
Bal Harbour, Fla. — Whitman Family Development has gained final approval from the Bal Harbour Village Council for the $400 million enhancement plan for Bal Harbour Shops, an upscale, 450,000-square-foot, open-air shopping…
Livermore, Calif. — RedMill Capital and ANICO Eagle LLC will break ground this month on The Shops at Livermore, a 115,000-square-foot mixed-use development in the upscale Bay Area suburb of…
Eatontown, N.J. — Kushner Companies and Rouse Properties have created a new joint venture to redevelop Monmouth Mall into the Heights at Monmouth, an innovative mixed-use destination that is expected…
Corona, Calif. — Irvine, California-based Passco Companies has acquired Temescal Village, a 102,976-square-foot neighborhood shopping center in Corona, California, for $16.95 million.
Chappaqua, N.Y. — Quincy, Massachusetts-based The Grossman Companies and Southport, Connecticut-based Summit Development are developing Chappaqua Crossing, a 120,000-square-foot high-end retail development on the site of the former Reader’s Digest…
Morristown and Maryville, Tenn. — Chattanooga, Tenn.-based CBL & Associates Properties Inc. has sold College Square and Foothills Mall in Tennessee to New York-based Time Equities Inc. for a combined…
Nashville, Tenn. — As first announced in the cover story of April issue of Shopping Center Business, GBT Realty Corp. has now officially launched its value-add division, naming industry veteran…
Middletown, N.J. — Wegmans Food Markets will open a 130,000-square-foot store at National Realty & Development’s planned The Shoppes at Middletown in Middletown, New Jersey.
Daytona Beach, Fla. — Three new tenants have signed leases at ONE DAYTONA, a 300,000-square-foot mixed-use town center across from the Daytona Motor Speedway being developed by International Speedway Corporation…
Warrendale, Pa. — Teen apparel retailer Rue21 filed Chapter 11 bankruptcy on Monday, May 15 with plans to reorganize and restructure its assets and debts.
Dearborn, Mich. — Ford Motor Co. has begun its Dearborn campus transformation with the groundbreaking of Wagner Place, a development featuring office and retail space.
New York City — Kimco Realty (NYSE: KIM) has signed its first round of retail leases at The Boulevard, a $180 million lifestyle center in the Staten Island borough of…
Paramus, N.J. — A joint venture between Advance Realty and Invesco Real Estate is set to break ground on a 40,000-square-foot retail redevelopment roughly 22 miles outside New York City…
Escondido, Calif. — Faris Lee Investments has arranged the $25 million sale of Gateway Center, an 89,625-square-foot shopping center located in Escondido.
Galveston, Texas — HFF has arranged the sale of Broadway Shopping Center, a 74,604-square-foot shopping center located in Galveston.
Dallas — Mexican restaurant Mesero and gym chain Orangetheory Fitness will both open locations within the next 12 months in Victory Park, a 75-acre, mixed-use development in downtown Dallas.
Oklahoma City — A joint venture between The Outlet Resource Group (TORG) and Singerman Real Estate has acquired The Outlet Shoppes at Oklahoma City, a 400,000-square-foot retail center located in…
Scottsdale, Ariz. — CBRE Group Inc. has arranged the $31 million sale of Scottsdale Towne Square, a 162,259-square-foot shopping center located in Arizona.
Mill Valley, Calif. — Mill Valley-based Four Corners Property Trust Inc. has acquired 16 properties occupied by Bob Evans Restaurants as part of a $35.1 million sale-leaseback transaction.
Cumming, Ga. — New Market Properties LLC, a subsidiary of Preferred Apartment Communities Inc., has acquired Castleberry-Southard, an 80,018-square-foot, grocery-anchored shopping center located in the Atlanta suburb of Cumming.
Orange Village, Ohio — HFF has secured $142 million in financing for the development of Pinecrest, a 650,000-square-foot mixed-use development located in the Cleveland suburb of Orange Village.
Chicago — Starbucks Coffee Co. has unveiled plans to open a Starbucks Reserve Roastery in Chicago in 2019.
Chicago — PCCP has provided a $36 million senior loan for the refinancing of Village Market, a 102,224-square-foot shopping center located in the Lakeshore East neighborhood of Chicago.
San Diego — Marcus & Millichap has arranged the $15 million sale of Rosecrans Shopping Center, a 43,108-square-foot retail center located in San Diego.
Fern Park, Fla. — HFF has arranged the $10 million sale of, and secured $7.4 million in acquisition financing for Main Street Square, a 108,509-square-foot shopping center located in the…
Pasadena, Spring and Alvin, Texas — Dirt Cheap, a Mississippi-based extreme value retailer, has signed leases at three locations in the greater Houston area.
Chicago — Vapiano has unveiled plans to open a 9,188-square-foot restaurant inside the AC Hotel Marriott in Chicago.
Palm Beach Gardens, Fla. — TH Real Estate, an affiliate of Nuveen (the investment management arm of TIAA), has acquired the Promenade Shopping Plaza, a 202,696-square-foot, grocery-anchored retail center in…
Brisbane, Calif. — Brisbane-based women’s retailer Bebe has announced it will close all 168 of its remaining stores.
Solana Beach, Calif. — CBRE has arranged the $33.3 million sale of BeackWalk, a 54,973-square-foot shopping center located in Solana Beach.
Pompano Beach, Fla. — Cushman & Wakefield has arranged the $30 million sale of Pompano Plaza, a 126,928-square-foot shopping center located roughly 36 miles north of Miami in Pompano Beach.
Glenview, Ill. — Mid-America Real Estate Corporation has arranged the sale of Glenbrook Market Place, a 60,575-square-foot shopping center located roughly 19 miles outside Chicago in Glenview.
Overland Park, Kan. — Lane4 Property Group has begun the demolition of the vacant Metcalf South Mall in Overland Park.
Bakersfield, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $2.65 million sale of a 1,850-square-foot Starbucks Coffee location in Bakersfield.
Houston and Dallas — Whitestone REIT (NYSE: WSR) has entered into separate purchase agreements to acquire BLVD Place in Houston and Eldorado Plaza in Dallas for a combined $204.6 million…
Chappaqua, N.Y. — A joint venture between The Grossman Companies and Summit Development is set to break ground on Chappaqua Crossing, a 120,000-square-foot shopping center located in Chappaqua, New York.
Harvey, La. — KeyBank Real Estate Capital has secured a $20.9 million CMBS loan for the acquisition of Centre at Westbank, a 174,445-square-foot retail power center in Harvey, less than…
Ocala, Fla. — Earth Fare has opened its newest store today at Shady Oaks Shopping Center, a 260,419-square-foot retail center located in Ocala.
Fairfield, Ohio — Cooper Commercial Investment Group has arranged the sale of a net leased Starbucks Coffee property in Fairfield, a suburb of Cincinnati, for $1.7 million.
Warrendale, Pa. — Teen clothing retailer rue21 is set to close about one-third of its stores nationwide as it shifts its focus to e-commerce.
Sugar Land, Texas —TriGate Capital, a Dallas-based real estate private equity firm, has purchased First Colony Commons, a 410,121-square-foot retail center in the Houston suburb of Sugar Land.
Orlando — Konover South LLC plans to build Landstar Marketplace, a 62,222-square-foot, grocery-anchored shopping center located at 13891 Landstar Blvd. in Orlando.
Houston — Colliers International Inc. has arranged the sale of a retail center located at 9335 Gulf Freeway in south Houston.
Miami Beach, Fla. — Brodson Construction has wrapped up construction on the expansion of Shake Shack on Lincoln Road in Miami Beach.
Winter Park, Fla. — Sterling Organization has signed four retailers to occupy space vacated by Kmart at Center of Winter Park, a 245,000-square-foot power retail center located at the southwest…
Boston — After more than three years of ownership, Shorenstein Properties has sold Center Plaza, a 741,200-square-foot mixed-use asset in downtown Boston.
Santa Clarita, Calif. — In an off-market transaction, Colliers International has negotiated the $69.5 million sale of Gateway Village Shopping Center in Santa Clarita.