McKinney, Missouri City and League City, Texas — CBRE has arranged the sale of a three-property retail portfolio located on the outskirts of Dallas and Houston.
New York City — News headlines such as “Retail Is Dead” have painted a picture of desolation and destruction for the current state of retail real estate in the United States…
San Antonio — Los Angeles-based RPD Catalyst LLC has sold Pavilions North Shopping Center, a 165,993-square-foot retail property located in San Antonio.
Malden, Mass.— Encore Real Estate Investment Services has arranged the $5.3 million sale of a net-leased Walgreens Pharmacy in Malden.
Hudson Pacific, Allianz to Acquire Historic Ferry Building in Downtown San Francisco for $291 Million
San Francisco — Hudson Pacific Properties Inc. (NYSE: HPP) and Allianz Real Estate have formed a joint venture to acquire the Ferry Building in downtown San Francisco.
Enfield, Conn. — Katz Properties has acquired Freshwater-Stateline Plaza, a 300,588-square-foot shopping center located 20 miles north of Hartford in Enfield.
Zephyr Cove, Nev.— Dickson Commercial Group (DCG) has arranged the sale of Round Hill Square Shopping Center, a retail property located in Zephyr Cove near Lake Tahoe.
Colorado Springs, Colo. — Confluent Development is nearing completion on an 8,265-square-foot, multi-tenant retail center located in Colorado Springs.
Boca Raton, Fla. — A trio of developers — Giles Capital Group, Rosemurgy Properties, Schmier Property Group — in partnership with Wheelock Street Capital have broken ground on Uptown Boca, a…
Warminster, Pa. — HFF has arranged the sale of Warminster Plaza, a 128,544-square-foot shopping center located 27 miles outside Philadelphia in Warminster.
Houston — Mattress Firm has filed for Chapter 11 bankruptcy protection as part of the Houston-based retailer’s plan to restructure its balance sheet and ultimately close up to 700 stores across…
Evansville, Ind. — Marcus & Millichap has arranged the $12 million sale of Plaza East in Evansville in southwestern Indiana.
Crestwood, Mo. — Redevelopment plans have been unveiled for the former Crestwood Mall site in Crestwood, located 13 miles outside St. Louis.
Moreno Valley, Calif.— MCA Realty has purchased a portion of Stoneridge Towne Centre, a retail center located in Moreno Valley, for $16.5 million.
Tulsa, Okla. — R/D Investors has acquired Tulsa Hills, a 700,000-square-foot shopping center located in Tulsa.
Lancaster County, S.C. — Chattanooga, Tennessee-based developer Hutton has announced the completion of the Promenade at Carolina Reserve, a 258,000-square-foot shopping center located in Lancaster County.
Arlington, Texas— CBRE has arranged the sale of Bardin Place, a 420,550-square-foot retail center located just south of Interstate 20 in Arlington.
Robbinsville, N.J.— Colliers has arranged the sale of The Shoppes at Foxmoor, a 125,295-square-foot retail center in Robbinsville.
Chattanooga, Tenn. — Marcus & Millichap has arranged the sale of a retail property located at 3901 Hixson Pike Suite 181 in Chattanooga.
Monrovia, Calif. — Warner Pacific Properties has completed leasing Monrovia Landing, a shopping center located at 729 E. Huntington Drive in Monrovia.
New York City — Cushman & Wakefield has arranged the $13.5 million sale of a three-story retail building in Midtown, Manhattan.
Salt Lake City — Hanley Investment Group Real Estate Advisors has arranged the $3.2 million sale of a 2,513-square-foot, single-tenant building leased to Café Rio in Salt Lake City’s Sugar House…
Los Angeles-based LBG Real Estate Companies has always focused on opportunistic investments, but it’s revved up its game recently as it cultivates two customer-oriented shopping attractions out West.
Orlando, Fla. — HFF has secured $4 million in post-acquisition financing for Church Street Station South, a 50,888-square-foot, mixed-use property located in downtown Orlando.
Coral Springs, Fla. — Tiktin Real Estate Investment Services (TREIS) has arranged the $43 million sale of the Heron Bay Office and Retail Portfolio in Coral Springs.
Santa Maria, Calif. — CBRE has arranged the sale of Santa Maria Town Center, a 331,804-square-foot regional mall in Santa Maria.
Maryville, Tenn. — Hutton has opened the redeveloped Maryille Commons, a 69,540-square-foot shopping center in Maryville, located 18 miles south of Knoxville.
Owings Mills, Md. — Kimco Realty Corp. has inked a 66,450-square-foot lease with Giant Food at Mill Station, a $108 million project located at the site of the former Owings…
Florida and Georgia — Colliers International has arranged the $55 million sale of 10 single-tenant retail properties in Florida and Georgia that are net-leased to Walgreens.
Mansfield, Ohio — Out of the Box Ventures LLC has acquired Richland Mall in Mansfield, located midway between Columbus and Cleveland.
NKF Capital Markets Arranges Sale of 488,867-Square-Foot Esplanade Shopping Center in Southern California
Oxnard, Calif. — NKF Capital Markets has arranged the sale of Esplanade Shopping Center, a regional shopping center located in Oxnard.
Davenport, Iowa — Equity Investment Group has acquired Kimberly West, a 113,713-square-foot shopping center anchored by Hv-Vee in Davenport, for an undisclosed price.
Dallas — Centennial has appointed Whitney Livingston chief operating officer (COO) of projects.
Hillside And Oswego, Ill. — Sterling Organization has acquired a two-property retail portfolio in metro Chicago for an undisclosed price.
West Lebanon, N.H. — NKF Capital Markets has arranged the sale of Powerhouse Plaza, an 81,317-square-foot retail property in West Lebanon.
TREO Group Receives $33 Million Construction Loan for Mixed-Use Waterfront Project in Miami’s Coconut Grove
Miami — The TREO Group has received a $33 million loan from FirstBank Florida for the construction of Regatta Harbour, a mixed-use waterfront development located in Miami’s Coconut Grove neighborhood
Harsch Investment Properties Acquires Gresham Station Shopping Center in Metro Portland for $64.5 Million
Gresham, Ore. — Harsch Investment Properties has acquired Gresham Station Shopping Center in Gresham for $64.5 million.
Rancho Cucamonga, Calif. — SRS Real Estate Partners has arranged the $15.6 million sale of Spruce Plaza, a 15,555-square-foot retail center located in the Inland Empire community of Rancho Cucamonga.
Raleigh, N.C. — Berkeley Capital Advisors has arranged the $15.5 million sale of Greystone Village, an 85,649-square-foot shopping center in Raleigh.
Morton Grove, Ill. — Kensington Development Partners and IM Properties have acquired Prairie View Plaza Shopping Center, a 310,000-square-foot retail center in Morton Grove.
Select Strategies Purchases Seven-Property Shopping Center Portfolio in Metro St. Louis for $78.4 Million
St. Louis — Select Strategies Retail Holdings V LLC, an affiliate of privately held real estate investment firm Select Strategies Realty, has purchased a seven-property shopping center portfolio in metro…
Los Angeles — Quantum Capital Partners has secured a $16 million loan for the recapitalization of a retail center in downtown Los Angeles’ Arts District.
Brockton, Mass. — New England Development has signed Planet Fitness and Burlington to Westgate Mall in Brockton, a city 25 miles south of Boston.
San Bernardino, Calif. — Cushman & Wakefield has arranged the $20 million sale of Seley Plaza, a 159,324-square-foot shopping center in San Bernardino.
Ooltewah, Tenn. — HFF has arranged the $18.5 million sale of Snow Hill Village, an 86,108-square-foot shopping center in Ooltewah, located 18 miles east of Chattanooga.
Jupiter, Fla. — SRS Real Estate Partners has arranged the $8.1 million sale of a vacant, freestanding retail building in Jupiter.
Cushman & Wakefield Arranges $55 Million Sale of Freestanding Whole Foods Property in Silicon Valley
Los Altos, Calif. — Cushman & Wakefield has arranged the $55 million sale of a 50,451-square-foot retail property leased to Whole Foods Market in Los Altos.
Pompano Beach, Fla. — Aztec Group Inc. has arranged a $10 million loan for the refinancing of Beachway Shopping Center, a 53,613-square-foot retail center in Pompano Beach.
Los Angeles — CBRE has appointed Brandon Famous chairman of the newly formed Global Retail Occupier Executive Committee.
Richmond, Va. — Cushman & Wakefield | Thalhimer has arranged the $6.2 million sale of two-property retail portfolio in Richmond.
Lawrence, Kan. — Block & Co. Inc. Realtors has arranged the sale of an 83,217-square-foot retail center in Lawrence for an undisclosed price.
New Orleans — UNTUCKit has opened its first Louisiana store in New Orleans. Carly Plotkin of Stirling Properties secured the 2,089-square-foot lease on behalf of UNTUCKit.
Kissimmee, Fla. — Plaza Advisors has arranged the sale of Vine Street Square, a 114,071-square-foot shopping center in Kissimmee, located 30 miles south of Orlando.
Michigan and Indiana — NAI Wisinski has arranged the sale of four shopping centers anchored by Kroger in Michigan and Indiana for $28.5 million.
Los Angeles — Ross Dress for Less will open three stores in downtown Glendale, South Los Angeles and Santa Fe Springs on Oct. 13.
Chicago — EQ Office, the office portfolio company owned by Blackstone’s real estate funds, has unveiled plans for Catalog, a five-story dining, retail and entertainment destination located at the base…
Huntington Park, Calif. — Sterling Organization has acquired Margarita Plaza, a grocery-anchored shopping center located four miles outside Los Angeles in Huntington Park, for $23.8 million.
Carson, Calif. — Macerich (NYSE: MAC) and Simon Property Group (NYSE: SPG) have formed a 50/50 joint venture to develop Los Angeles Premium Outlets, a new outlet mall in Carson…
Charlotte, N.C. — HFF has arranged financing for the acquisition and renovation of Seneca Place, a 41,310-square-foot retail strip center and outparcel pad in Charlotte.
Destin, Fla. — CenterCore Properties LLC has acquired The Market Shops, a 52,838-square-foot retail center in Destin.
Westlake, Ohio — British gas station and convenience store operator EG Group has agreed to acquire a portfolio of real estate assets, including 225 Minit Mart-branded stores, for $305 million.
Brentwood, Tenn. — HFF has arranged the $14.4 million sale of Mallory Corners, a 70,000-square-foot shopping center in Brentwood, located 10 miles south of Nashville.
Pasadena, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $23 million sale of a 39,290-square-foot retail building in Pasadena.
San Francisco — The San Francisco Giants has selected Tishman Speyer as its joint venture partner to develop Mission Rock, a waterfront mixed-use neighborhood near AT&T Park in San Francisco.
Papillion, Neb. — PREP Property Group Inc. has acquired Shadow Lake Towne Center, a 654,666-square-foot shopping center in Papillion, located 13 miles south of Omaha.
Houma, La. — HFF has secured the $27.2 million sale of Houma Shopping Center, a 204,879-square-foot shopping center in the southern Louisiana community of Houma, located 57 miles southwest of New…
Fredericksburg, Va. — Calkain Cos. LLC has arranged the $15.6 million sale of a property net leased to Publix in Fredericksburg, a town in northern Virginia.
Orlando, Fla. — Tavistock Development Co. has unveiled plans for Boxi Park at Lake Nona, an outdoor entertainment venue located within Lake Nona Town Center, a 100-acre mixed-use development that anchors…
Tyler, Texas — HFF has arranged a $105 million loan for the refinancing of The Village at Cumberland Park, a 649,636-square-foot shopping center in Tyler.
Macon, Ga. — A joint venture between The Sembler Co. and Berkley Development has broken ground on North Macon Plaza, a 166,465-square-foot retail project located in Macon, a city 83 miles…
Colorado Springs, Colo. — Kimco Realty Corp. has sold The Market at Spring Creek, a 107,310-square-foot retail center in Colorado Springs.
Northridge, Calif. — Cushman & Wakefield has arranged the sale of Northridge Promenade, an 89,473-square-foot shopping center in Northridge.
Sandy, Utah — Hanley Investment Group Real Estate Advisors has arranged the sale of Canyon Center, a 47,866-square-foot, Smith’s Grocery-anchored shopping center in Sandy, located 18 miles south of Salt Lake…
Retail investors have pumped the brakes in 2018 but are poised to accelerate into the end of the year. Interview by Randall Shearin
By Greg Miller, Chief Executive Officer and President of Henry S. Miller Cos. The retail market, both online and in physical stores, is evolving dramatically due in large part to Amazon’s…
Vision Growth Partners to Acquire 65 Salons in Michigan, Becoming Largest Supercuts Franchisee in Midwest
Bloomfield Hills, Mich. — Vision Growth Partners has entered into an agreement to acquire 65 salons in Michigan from Regis Corp. (NYSE: RGS).
Woodland, Calif. — Affiliates of El Tigre Holdings have acquired Woodland Crossroads, a shopping center located within the Sacramento Valley city of Woodland.
Richmond, Va. — Surge Trampoline and Panera Bread are set to open at Regency Mall in Richmond as part of the property’s ongoing redevelopment.
Westlake Village, Calif. — Sterling Organization has purchased North Ranch Gateway, a shopping center in Westlake Village.
Albuquerque, N.M. — Sapir Real Estate Development has broken ground on the first phase of Snow Heights Promenade, a retail and entertainment project in Albuquerque.
Woodridge, Ill. — North American Real Estate (NARE) has acquired Woodgrove Festival in Woodridge, located 29 miles west of Chicago, for $20 million.
Overland Park, Kan. — PEBB Enterprises has purchased Pinnacle Village, a 126,909-square-foot shopping center in Overland Park, for an undisclosed price.
Tampa, Fla. — Cushman & Wakefield has arranged the $27 million sale of Tampa Bay Center, a 142,350-square-foot shopping center in Tampa.
Philadelphia — CBRE has arranged the $10 million sale of Liberty Plaza, a 372,130-square-foot shopping center in Philadelphia.
Atlanta — Braves Development Co. (BDC) has signed four new tenants to The Battery Atlanta in Cobb County.
Los Angeles and New York — CBRE Global Investors (NYSE: CBRE) has formed a joint venture with Brookfield Property Partners (NASDAQ: BPY) to purchase three super-regional malls totaling 3.7 million…
Chapel Hill, N.C. — Avison Young has arranged the $10.5 million sale of Glenwood Square, a 51,900-square-foot retail center in Chapel Hill.
Lawrenceville, Ga. — SRS Real Estate Partners has arranged the $5.3 million sale of a freestanding building leased to Crunch Fitness in Lawrenceville, located 34 miles northeast of Atlanta.
Statesboro, Ga. — CBL Properties has sold Statesboro Crossing, a 155,185-square-foot retail center in the southeastern Georgia city of Statesboro, for $21.5 million.
Delaware County, Ohio — Blue Horseshoe Ventures has signed UltraStar Multi-tainment Center to its $2 billion Planet Oasis project in Delaware County.
New York City — JLL has arranged a $221.8 million bridge loan through JP Morgan to finance a retail portfolio in the Williamsburg neighborhood of Brooklyn.
Tampa, Fla. — Matthews Real Estate Investment Services has arranged the $18 million sale of a retail property leased to Sprouts Farmers Market in Tampa.
Arlington Heights, Ill. — CBRE has arranged the $25.5 million sale of a 66,393-square-foot retail property occupied by Mariano’s Fresh Market in Arlington Heights, located 25 miles northwest of Chicago.
Midlothian, Ill. — Quantum Real Estate Advisors Inc. has arranged the $6.2 million sale of Mid-Oak Plaza in Midlothian, a southwestern suburb of Chicago.
Ontario, Calif. — CalBay Development has acquired two retail assets in Ontario totaling $5.8 million.
Houston — EDGE Realty Capital Markets has arranged the sale of Cullen Plaza, an 84,717-square-foot shopping center in Houston.
Mooresville, N.C. — Lowe’s Cos. Inc. (NYSE: LOW) has announced it will close all 99 of its Orchard Supply Hardware stores by February 1.
Plano, Texas — CAVA Group Inc., a privately held restaurant group specializing in Mediterranean cuisine, will acquire Zoës Kitchen for approximately $300 million.
Chandler, Ariz. — SRS Real Estate Partners has arranged the $14.7 million sale of Laguna Village, a neighborhood shopping center located in Chandler.
Lexington, Ky. — NAI Isaac has arranged the $8.5 million sale of Stonewall Shopping Center, a 79,142-square-foot retail center in Lexington.
New York — Two former Eastern Consolidated principals have launched a commercial division at Compass in the firm’s New York metropolitan region.
Bowling Green, Ohio, and Grandville, Mich. — RCG Ventures has acquired Shoppes On South Main in Bowling Green and Grandville Marketplace in Grandville.
Grand Rapids, Mich. — PREIT is underway on an extensive redevelopment of the 1.1 million-square-foot Woodland Mall in Grand Rapids.
Benton, Ark. — GBT Realty Corp. has signed six new tenants to The Shoppes of Benton, a 170,000-square-foot shopping center in Benton, located 25 miles southwest of Little Rock.
Woodland Park, N.J. — Encore Real Estate Investment Services has arranged the $12 million sale of a property net-leased to Best Buy in Woodland Park.
Tampa, Fla. — HFF has arranged the $4.5 million sale of a 15,942-square-foot property net-leased to Walgreens in Tampa.
Irvine, Calif. — Irvine Co. Retail Properties has completed a $200 million renovation at Irvine Spectrum Center, a shopping center located in the Southern California community of Irvine.
Indio, Calif. — Red Mountain Group Inc. has acquired Indio Towne Center, a 560,000-square-foot shopping center located in Indio, a city in Southern California’s Coachella Valley.
Nashua, N.H. — NKF Capital Markets has arranged the sale of Royal Ridge Center, a 220,100-square-foot shopping center in Nashua.
Lewis Retail Centers Opens First Portion of 430,000-Square-Foot Renaissance Marketplace in California
Rialto, Calif. — Lewis Retail Centers has opened the first portion of Renaissance Marketplace, a 430,000-square-foot shopping, dining and entertainment center located in Rialto.
Terrell, Texas — A partnership between RealtyLink and Oakridge Investments is underway on Crossroads at Terrell, a 190,000-square-foot retail development in Terrell, located 28 miles east of downtown Dallas.
Yorba Linda, Calif. — CBRE has arranged the sale of The Shops at Yorba Linda, a three-building retail center located in the Orange County community of Yorba Linda.
Orlando, Fla. — Tavistock Development Co., in partnership with Steiner + Associates, has signed Cinépolis USA to Lake Nona Town Center, a 100-acre mixed-use development that anchors the master-designed Lake Nona…
Duluth, Ga. — Duluth-based Core States Group has named Shawn Bland director of retail.
Chicago — McDonald’s and its franchisees will invest approximately $186 million to modernize 240 restaurants located across Florida.
HFF Arranges $104 Million Loan for Whole Foods-Anchored Retail, Multifamily Property in Indianapolis
Indianapolis — HFF has arranged a $104 million loan for the refinancing of 360 Market Square, a 27-story retail and residential property located at the former Market Square Arena site in…
Blue Horseshoe Ventures Unveils Plans for $10 Million E-Sports Stadium at Planet Oasis Project in Ohio
Delaware County, Ohio — Blue Horseshoe Ventures has unveiled plans to build a $10 million stadium dedicated to e-sports at its Planet Oasis project in Delaware County.
Petaluma, Calif. — Vestar has purchased East Washington Place, a shopping center located in the San Francisco Bay community of Petaluma, for $55 million.
Philadelphia — PREIT has inked leases with three new tenants at Plymouth Meeting Mall in Philadelphia.
Hanley Investment Group Arranges $10.3 Million Sale of Natomas Shopping Center in Northern California
Sacramento, Calif. — Hanley Investment Group has arranged the $10.3 million sale of Natomas Shopping Center, a 50,168-square-foot retail center in Sacramento.
Scotts Valley, Calif. — Cushman & Wakefield has arranged the $15.3 million sale of Scotts Village, a neighborhood shopping center in Scotts Valley.
Vienna, Va. — Avison Young has arranged a $32 million acquisition loan for Maple Avenue Shopping Center, a 111,810-square-foot retail property in Vienna, located 17 miles west of Washington, D.C.
Evansville, Ind. — Mid-America Real Estate Corp. has arranged the $23 million sale of East Lloyd Commons in Evansville.
Inverness, Fla. — Time Equities Inc. (TEI) has acquired Citrus Center, a 142,196-square-foot shopping center in Inverness, for $15.5 million.
New Iberia, La. — EDGE Realty Capital Markets has arranged the sale of two shopping centers in New Iberia: Lagniappe Village and Iberia Plaza.
Pensacola, Fla. — HFF has arranged the sale of Tradewinds Shopping Center, a 178,557-square-foot retail center in Pensacola.
Camp Hill Pa. and Boise, Idaho — Rite Aid Corp. (NYSE: RAD) announced Wednesday it has called off its previously announced merger with Boise-based Alberstons Cos.
Loughman, Fla. — Halvorsen Holdings has unveiled plans to develop Loughman Crossing, a 78,200-square-foot retail center that will be located in Loughman, a city 30 miles south of Orlando.
Huntington Beach, Calif. — HFF has arranged the $21.4 million sale of Warner West, a 73,427-square-foot shopping center in the Southern California community of Huntington Beach.
Oshkosh, Wis. — Mid-America Real Estate Corp. has arranged the sale of Oshkosh Center II for $10.2 million.
Oak Park, Ill. — SRS Real Estate Partners has arranged the sale of a 22,000-square-foot retail real estate property leased to Target in Oak Park, located nine miles west of…
Reno, Nev. — ShopOne Centers REIT Inc. has acquired Caughlin Ranch, a 113,376-square-foot shopping center in Reno, for $18 million.
Sacramento, Calif. — NKF Capital Markets has arranged the sale of Elk Grove Commons, a 241,926-square-foot shopping center in Sacramento.
HFF Arranges $25.4 Million Acquisition Financing for Two-Property Retail Portfolio in Suburban Minneapolis
Coon Rapids And Arden Hills, Minn. — HFF has arranged $25.4 million in acquisition financing for a two-property retail portfolio in suburban Minneapolis.
Aurora, Colo. — Kimco Realty Corp. has unveiled plans for its $14.5 million redevelopment of Village on the Park, a 179,862-square-foot shopping center in Aurora.
Kalamazoo, Mich. — Encore Real Estate Investment Services has arranged the sale of a single-tenant building net-leased to Advance Auto Parts in Kalamazoo.
Columbus, Ohio — Steiner + Associates, L Brands and Georgetown Co., co-developers of Easton Town Center in Columbus, have signed nine new tenants to the $225 million mixed-use center.
By Sheldon Gross, president and CEO of Sheldon Gross Realty The future of retail-focused real estate is a hot topic, and has been for quite a while.
Fort Myers, Fla. — Continental Realty Corp. has acquired the Shoppes at Pelican Preserve, a 69,475-square-foot shopping center in the Southeast Florida community of Fort Myers.
New York — Urban Edge Properties has named Chris Weilminster as COO and Don Briggs as president of development.
Winter Park, Fla. — Sterling Organization has sold Center of Winter Park in suburban Orlando to AEW Capital Management for $72.8 million.
Metairie, La. — The Richards family, owners of Clearview Shopping Center in Metairie, has acquired the Sears property located adjacent to the retail center.
Merrimack, N.H. — Brookstone Co. Inc. has filed for bankruptcy and will close its remaining 101 mall locations.
Bloomington, Minn. — Stan Johnson Co. has arranged the $19 million sale of Penn & American, a 58,531-square-foot retail center in Bloomington.
Harrisburg, N.C. — Lat Purser & Associates has arranged leases with five new tenants at Harris Square, a newly developed, 67,200-square-foot shopping center in Harrisburg, located 20 miles northeast of…
New Orleans — O’Connor Capital Partners has signed three tenants to The Shops at Canal Place, an upscale, 260,000-square-foot shopping center in New Orleans.
Washington, D.C. — HFF has arranged the $415 million sale of Washington Harbour, a 562,105-square-foot mixed-use project located along the Potomac River in Washington, D.C.’s Georgetown submarket.
New York — A&G Realty Partners will hold an auction for 123 Toys ‘R’ Us and Babies ‘R’ Us stores located across 29 states.
Coral Springs, Fla. — Franklin Street and CBRE have arranged the $23.2 million sale of Magnolia Shoppes, a 114,118-square-foot shopping center in the South Florida community of Coral Springs.
Ocoee, Fla. — JLL has arranged the sale of West Oaks Town Center, a 66,539-square-foot shopping center in Ocoee, located 13 miles west of Orlando.
Janesville, Wis. — CBL Properties has sold Janesville Mall in Janesville to RockStep Capital for $18 million.
San Jose, Calif. — Safeway will anchor a 100,000-square-foot retail center in the North Village of Market Park San Jose, a mixed-use project under development in San Jose.
By: Gary E. Mozer, Principal/Co-Founder, George Smith Partners Retail financing, both debt and equity, has become a challenge for many owners, developers and investors throughout the U.S. based on negative press…
New York and Chicago — GGP Inc. stockholders have approved the proposed takeover by Brookfield Property Partners (BPY), clearing the way for the $9.25 billion acquisition to close.
Goodyear, Ariz. — KeyBank Real Estate Capital has provided a $35.3 million acquisition loan for Market at Estrella Falls, a 292,034-square-foot retail center in Goodyear.
Fort Worth, Texas and Lincoln, Neb. — RadioShack has partnered with HobbyTown to open more than 100 new express stores nationwide.
Providence, R.I. And Minneapolis — Natural and organic products distributor United Natural Foods Inc. (NASDAQ: UNFI) has agreed to acquire Supervalu Inc. (NYSE: SVU) for $2.9 billion.
Goodyear, Ariz. — Cushman & Wakefield has arranged the $7 million sale of Goodyear Central Marketplace, a 61,146-square-foot shopping center in Goodyear.
Maui, Hawaii — Alexander & Baldwin has opened Ulta Beauty at Pu`unene Shopping Center, a 113,000-square-foot shopping center in Maui.
Columbia, S.C. — Colliers International has brokered the $16.3 million sale of Village at Town Center I, a 288,000-square-foot, open-air shopping center in Columbia.
Silver Spring, Md. — GBT Realty Corp., in partnership with Equity Resource Investments and Avante Financial Group, has acquired Ellsworth Place, a five-story retail and entertainment center in Silver Spring…
CBL Properties to Develop 100,000-Square-Foot Casino, Entertainment Complex at Westmoreland Mall in Pennsylvania
Hempfield Township, Penn. — CBL Properties, in partnership with Stadium Casino LLC, has unveiled plans to develop a 100,000-square-foot casino and entertainment complex at CBL’s Westmoreland Mall in Hempfield Township.
Stambul Acquires Historic Walgreens Building in Downtown Miami for $19.8 Million, Plans Redevelopment
Miami — Stambul, a Miami-based full-service construction and development firm, has acquired the Historic Walgreens Building in downtown Miami for $19.8 million.
Tallahassee, Fla. — CREC has acquired Killearn Shopping Center in Tallahassee for $15.9 million.
Orlando, Fla. —Williams Co. Southeast is underway on interior and exterior renovations at multiple Target stores located throughout Florida and North Carolina.
Cherry Hill, N.J. — PREIT has signed 1776 to Cherry Hill Mall, a 1.3 million-square-foot mall in Cherry Hill, located nine miles east of Philadelphia.
Palos Heights, Ill. — The Boulder Group has arranged the $15.5 million sale of a single-tenant property net leased to Jewel-Osco in Palos Heights, 25 miles southwest of Chicago.
Atlanta — CBRE has arranged the $12.3 million sale of Shops at Cascade & Fairburn, a 45,279-square-foot shopping center in Atlanta.
Coral Gables, Fla. — NP International (NPI) has selected Balfour Beatty to construct the 1.3 million-square-foot Gables Station mixed-use development in Coral Gables, a suburb of Miami.
Pleasanton, Calif. — Blake | Griggs Properties has opened Pacific Pearl Shopping Center, a 112,000-square-foot shopping center located in Pleasanton, a city in the San Francisco Bay Area.
Boylston, The Wilder Cos. Secure $324 Million Construction Financing for Mixed-Use Redevelopment Near Boston
Boston — Developers Boylston Properties and The Wilder Cos. have secured $324 million in construction financing and joint venture equity for the development of Arsenal Yards, a six-building, mixed-use redevelopment of…
Miami Beach, Fla. — HFF has arranged the sale of a seven-property retail portfolio located in Miami Beach’s Sunset Harbour neighborhood.
Miami — Ocean Bank has provided a $60 million loan for the refinancing of Kendall Village, a 256,000-square-foot shopping center in Miami.
Visalia, Calif. — Kidder Mathews has arranged the $8.7 million sale of The Shops at Visalia Pavilion in Visalia.
Cincinnati — Phillips Edison & Co. Inc. (PECO) has entered into a definitive merger agreement with Phillips Edison Grocery Center REIT II, a publicly traded REIT currently advised and managed…
Hurstbourne, Ky. — Viking Partners Fund III LLC has unveiled plans for the redevelopment of Hurstbourne Business Park, a 27-acre property located at the intersection of Shelbyville Road and Hurstbourne…
Walnut Creek, Calif. — MetLife Investment Management and Northwestern Mutual have provided a $450 million, fixed-rate loan for Broadway Plaza, a 958,000-square-foot, open-air retail center in Walnut Creek.
Naples, Fla. — HFF has arranged the sale of Neapolitan Way, a 137,580-square-foot, Publix-anchored shopping center in the Southwest Florida city of Naples.
Greensboro, N.C. — Branch Properties LLC has signed three tenants to Westridge Square, a 215,000-square-foot shopping center in Greensboro.
HFF Arranges $28.8 Million in Construction Financing for Wegmans-Anchored Twin Lakes Center in North Carolina
Cary, N.C. — HFF has arranged $28.8 million in preferred equity and construction financing for the development of the first phase of Twin Lakes Center, a 153,229-square-foot retail center in…
Woonsocket, R.I. — Out of the Box Ventures LLC, a subsidiary of Lionheart Capital, has acquired Walnut Hill Plaza in Woonsocket.
San Marcos, Texas — NAI Partners Investment Fund II has acquired San Marcos Place, a 73,745-square-foot shopping center in San Marcos.
Waynesboro, Va. — Big V Acquisitions, a subsidiary of Big V Property Group, has purchased Willow Oak Plaza, a 163,000-square-foot shopping center in Waynesboro.
Simi Valley, Calif. — HFF has arranged the sale of Mountaingate Plaza, a shopping center located in Southern California’s Simi Valley.
Altoona, Penn. — Uber Capital Group has secured a $24.1 million loan for the refinancing of Logan Valley Mall in Altoona.
Santa Ana, Calif. — Marcus & Millichap has arranged the $20.1 million sale of a two-tenant retail building in the Orange County community of Santa Ana.
Waxhaw, N.C. — Phillips Edison & Co. has completed the 11,200-square-foot retail expansion of Cureton Town Center in Waxhaw.
Nicholasville, Ky. — SRS’ Investment Properties Group has arranged the $8.9 million sale of Brannon Crossing Centre, a 63,707-square-foot retail center located in Nicholasville, 12 miles south of Lexington.
Brentwood, Calif. —Fairbourne Properties has purchased The Streets of Brentwood, a grocery- and theatre-anchored lifestyle center in Brentwood.
Greensboro, N.C. — The Fresh Market Inc. announced this week that it will close 15 stores nationwide.
Plant City, Fla. — HFF has arranged the $29 million sale of Lake Walden Square, a 244,529-square-foot shopping center in the Tampa Bay community of Plant City.
Rancho Cucamonga, Calif. — Apartment Income Investors has sold Thomas Winery Plaza, a shopping center located along Route 66 in the Inland Empire community of Rancho Cucamonga.
Queen Creek, Ariz. — CBRE has arranged the $16.6 million sale of Plaza at Power Marketplace, a 70,961-square-foot shopping center in Queen Creek.
Delaware County, Ohio — Blue Horseshoe Ventures Ltd. has unveiled plans to build Planet Oasis, a 350-acre entertainment center in Ohio’s Delaware County.
Memphis, Tenn. — HFF has arranged the $13 million sale of Summer Center, a 136,425-square-foot shopping center in Memphis.
Mooresville, N.C. — CBRE has arranged the sale of Brawley Commons, a 122,054-square-foot retail center in Mooresville, 30 miles north of Charlotte.
Phoenix — Faris Lee Investments has arranged the $9.8 million sale of a retail property located in Phoenix.
Jan Gehl states: “First life, then spaces, then buildings – the other way around never works.” Placemaking is about creating a space for human experiences. In the simplest form Placemaking is about…
Kearny, N.J. — Cushman & Wakefield has arranged the sale of Kearny Square, a 138,895-square-foot retail center in Kearny.
Fort Worth, Texas — Dallas-based STRIVE has arranged the sale of Westover Village, a 111,374-square-foot retail center in Fort Worth.