La Habra, Calif. — SRS Real Estate Partners has arranged the $4 million sale of The Miracle Day Shopping Center, an 18,468-square-foot strip center in La Habra. Michael Walseth of SRS’ National Net Lease Group arranged the transaction on behalf of the seller, a Los Angeles-based real estate investment firm. The buyer, a Los Angeles-based private investor, acquired the asset through a 1031 exchange.
Westwood Financial Acquires Two Sprouts-Anchored Centers in Metro Atlanta, Phoenix for $66.2 Million
Decatur, Ga. and Chandler, Ariz. — Westwood Financial LLC has acquired two Sprouts-anchored retail centers located in Decatur and Chandler for a combined $66.2 million.
Wheeling, Ill. — The Lynmark Group has broken ground on three new retail tenants at Wheeling Town Center, a mixed-use development in the Chicago suburb of Wheeling.
Manchester, Mo. — Kimco Realty Corp. has sold an 89,305-square-foot retail building occupied by Kohl’s in Manchester, a suburb of St. Louis, for $8.6 million.
Lahaina, Hawaii — CoastWood Capital Group LLC has signed four new tenants to The Outlets of Maui, a 150,000-square-foot, open-air shopping center in Lahaina.
Atlanta — Hines has signed a 21,000-square-foot lease with Forever 21 at Atlantic Station, a mixed-use development in Atlanta.
Marcus & Millichap Brokers $13.4 Million Sale of Two Walmart-Leased Properties in Georgia, South Carolina
Hephzibah, Ga. and Cayce, S.C. — Marcus & Millichap has brokered the $13.4 million sale of two properties leased to Walmart Neighborhood Market in Hephzibah and Cayce.
Las Vegas — E-commerce has disrupted the market for retail real estate on a seismic level, but it has not obliterated the need for brick-and-mortar shops.
Allentown, Pa. — HFF has arranged the $55.2 million sale of MacArthur Commons, a 371,886-square-foot, grocery-anchored retail center located in Lehigh Valley.
Shelton, Conn. — Marcus & Millichap has arranged the $4.3 million sale of Shelton Town Center, a 19,450-square-foot retail center in Shelton.
Los Angeles — The Webster will open an 11,000-square-foot location at Beverly Center, a shopping mall in Los Angeles, in 2020.
New York — The Feil Organization has inked a 1,541-square-foot lease with Blue Bottle Coffee on the ground floor of 257 Park Avenue South, a 226,000-square-foot office building in Manhattan’s…
Miami — Miami-Dade County has approved the development of the American Dream Miami retail theme park.
Palm Beach Gardens, Fla. — InvenTrust Properties Corp. has acquired PGA Plaza, a 120,000-square-foot shopping center in Palm Beach Gardens, for $88 million.
Fort Myers, Fla. — Madison Marquette has unveiled plans for the redevelopment of Bell Tower Shops, a 365,000-square-foot, open-air shopping center in Southwest Florida’s Fort Myers.
Chicago — Starwood Retail Partners has promoted Jonathan Kaplan to vice president of leasing.
Greenville, S.C. — RocaPoint Partners, an affiliate of The Georgetown Co., has unveiled plans to develop a $1 billion mixed-use project in downtown Greenville.
Miami Gardens, Fla. — Macken Cos. has sold Palmetto Design Center, a 62,500-square-foot shopping center in Miami Gardens, located 15 miles north of Miami.
Huntsville, Ala. — RCP Cos. has signed three restaurant concepts to join the tenant lineup at MidCity, a $350 million mixed-use development under construction in Huntsville.
Newport Beach, Calif. — SRS Real Estate Partners has welcomed two senior capital markets and investment sales professionals to its Newport Beach office.
Chicago — Starwood Retail Partners has hired retail and real estate construction executive Vincent Corno as senior vice president of development.
Toronto — H&R Real Estate Investment Trust has entered into an agreement to sell nearly all of its U.S. retail holdings for US$633 million.
San Diego — NorthMarq Capital has arranged a $13.4 million loan for the acquisition of three Walgreens properties located in Texas and Ohio.
Gainesville, Fla. — Whole Foods Market has opened a 40,000-square-foot location at Butler Town Center, a 450,000-square-foot, planned mixed-use development in Gainesville.
Memphis, Tenn. — Cooper Commercial Investment Group has arranged the $3.8 million sale of The Shops at Cordova Station, an 18,950-square-foot retail center in Memphis.
Manhattan Beach, Calif. — Developers have completed the interior renovation at Manhattan Village, a 44-acre, 573,000-square-foot shopping center development in Southern California’s Manhattan Beach.
Springfield, Mo. — Mid-America Real Estate Corp. has arranged the sale of Primrose Marketplace, a 371,5921-square-foot shopping center in Springfield.
Silver Spring, Md. — Marcus & Millichap has arranged the $10.4 million sale of a 44,600-square-foot Safeway store in Silver Spring, located six miles north of Washington, D.C.
St. Louis — Mid-America Real Estate Corp. has arranged the $16.5 million sale of five multi-tenant buildings at The Shoppes at Hawk Ridge, a retail center in St. Louis.
Las Vegas — Cushman & Wakefield has arranged the $15 million sale of Tropicana Marketplace, a 69,430-square-foot shopping center in Las Vegas.
Tallahassee, Fla. — Highline Real Estate Capital has acquired Capital West Shopping Center, an 88,000-square-foot retail center in Tallahassee, for $7.3 million.
Richland, S.C. — Money360 has provided a $3.2 million bridge loan for a retail center in Richland, located roughly eight miles east of Columbia.
Marysville, Wash. — KeyBank Real Estate Capital has originated a $25.9 million CMBS loan for the refinancing of The Marketplace at Smokey Point, a 185,352-square-foot shopping center in Marysville.
Fresno, Calif. — Sands Investment Group (SIG) has arranged the sale of a retail property in Fresno.
Orange, Calif. — Faris Lee Investments has arranged the $2.3 million sale of a 3,600-square-foot, single-tenant retail property in Orange, a city in Southern California.
How landlords, brokers and lawyers can help retailers stay alive. Despite the hyperbolic headline-grabbing hysteria ringing the death knell of stores, the retail industry is very much alive. For as long…
Missoula, Mont. — NKF Capital Markets has arranged the $58 million sale of Southgate Mall, a 447,952-square-foot shopping mall in Missoula.
Washington, D.C. — Calkain Cos. has arranged the $14.9 million sale of MacArthur Retail & Professional Center, a 45,543-square-foot mixed-use in Washington D.C.’s Palisades neighborhood.
Las Vegas — Fisher Brothers and Beneville Studios have broken ground on AREA15, a retail, art and entertainment complex in Las Vegas.
Schertz, Texas — San Marcos-based EVO Entertainment Group will open a 73,000-square-foot entertainment center within The Wiederstein Ranch shopping center in Schertz, a northeastern suburb of San Antonio.
Ewing Township, N.J. — Marcus & Millichap has arranged the $5.5 million sale of a newly constructed Wawa convenience store/gas station in Ewing Township.
New York — Macy’s Inc. has acquired STORY, a concept store in New York City.
Philadelphia — Philadelpha-based PREIT has inked leases with Forever 21 at four of its malls across the country.
Hamden, Conn. — The Wilder Cos., in partnership with Silver Peak Real Estate Partners has acquired The Marketplace at Hamden, a 235,000-square-foot shopping center in Hamden.
Los Angeles — Australia-based QIC has expanded its senior leadership team, announcing several senior executive appointments in the United States and Australia.
CBL, JV Partners Receive $155 Million CMBS Loan to Refinance CoolSprings Galleria Mall in Metro Nashville
Franklin, Tenn. — CBL Properties, along with its 50/50 joint venture partners TIAA and APG, has received a $155 million, non-recourse loan for CoolSprings Galleria, a 1.1 million-square-foot mall in…
McHenry, Ill. — Mid-America Real Estate Corp. has arranged the $32 million sale of The Shops at Fox River, a 340,849-square-foot shopping center in McHenry, located 60 miles northwest of…
Tampa, Fla. — Plaza Advisors has arranged the sale of Southtown Center, a 43,669-square-foot shopping center in Tampa.
Virginia Beach, Va. — Atlanta-based New Realm Brewing has unveiled plans to open a second brewery and taproom in Virginia Beach.
Chicago — Global Builders Inc. has broken ground on a 42,000-square-foot retail development in Chicago.
Los Angeles — Shapell Liberty Investment Properties has signed three new tenants to The Vineyards, a $150 million planned mixed-use development in Los Angeles’ Porter Ranch community.
Huntsville, Ala. — Matthews Real Estate Investment Services has arranged the $13.8 million sale of The Gallery Shopping Center, a 101,498-square-foot retail center located near the $350 million Mid-City mall…
Pompano, Fla. — The Cordish Cos. and Eldorado Resorts Inc. have formed a 50/50 joint venture to plan, design and develop a new 223-acre mixed-use project in Pompano.
Chandler, Ariz. — Orion Investment Real Estate has arranged the sale of a portion of Valle Del Sol, a multi-building retail property located in Chandler.
Las Vegas — Colliers International has arranged the sale of a 73,576-square-foot retail property in Las Vegas.
Cordish Cos., Jacksonville Jaguars to Co-Develop $2.5 Billion Mixed-Use Project Around EverBank Field
Jacksonville, Fla. — The Cordish Cos. has been selected to co-develop a $2.5 billion mixed-use village surrounding EverBank Field, home of the National Football League’s Jacksonville Jaguars.
Acworth, Ga. and Gallatin, Tenn. — Preferred Apartment Communities (PAC) has acquired two grocery-anchored shopping centers totaling 139,000 square feet in Acworth and Gallatin.
Acworth, Ga. — HFF has arranged the sale of Cherokee Commons, a 103,711-square-foot shopping center in Acworth, located 30 miles northwest of Atlanta.
Canton, Ohio — Marcus & Millichap has arranged the $2.3 million sale of a McDonald’s ground lease in Canton.
Mauldin, S.C. — Hughes Investments has unveiled plans for BridgeWay Station, a $100 million mixed-use development in Mauldin, a city in Greenville County.
Noblesville, Ind. — Rainier Realty Investments LP, in a joint venture with institutional investor CIL2 REIT LLC, has acquired Stony Creek Marketplace, a 204,800-square-foot shopping center in Noblesville.
Horseheads, N.Y. — NKF Capital Markets has brokered the sale of Southern Tier Crossing, a retail property located in Horseheads.
Franklin Park, N.J. — Marcus & Millichap has arranged the sale of Somerset Plaza Shopping Center, a retail property located in Franklin Park.
Texas City, Texas — Edifis Group, a Houston-based development and investment firm, will redevelop Palmer Plaza, a 98,816-square-foot shopping center in Texas City, about 40 miles southeast of Houston.
SMYRNA, GA. — Halpern Enterprises Inc. has broken ground on the second phase of The Shops at Belmont, a 47,593-square-foot retail center located in Smyrna, roughly 17 miles northwest of…
Falmouth, Maine — NKF Capital Markets has arranged the $21 million sale of Falmouth Shopping Center in Falmouth.
PALM COAST, FLA. — Matthews Real Estate Investment Services has arranged the $10.6 million sale of Old Kings Commons, an 84,759-square-foot shopping center in Palm Coast.
La Habra, Calif. — SRS Real Estate Partners has arranged the $4 million sale of The Miracle Day Shopping Center, an 18,468-square-foot strip center in La Habra. Michael Walseth of…
Lakeland, Tenn. — The Was Group LLC will handle the leasing assignment for The Lake District, a 165-acre mixed-use project in Lakeland, 23 miles northeast of Memphis.
Salt Lake City — Newmark Grubb ACRES, a Utah-based brokerage firm, has arranged the sale of a portfolio of single-tenant retail properties leased to Codale Electric Supply Inc., a Salt…
Allen And Carrollton, Texas — Disney Investment Group (DIG) has arranged the sale of two shopping centers totaling 57,135 square feet in metro Dallas for a combined $17.1 million.
Maplewood, N.J. — Marcus & Millichap has arranged the $5.8 million sale of a 5,600-square-foot property net-leased to Wawa in Maplewood.
Castle Rock, Colo. — Pinnacle Real Estate Advisors has arranged the $5 million sale of a multi-tenant retail property in Castle Rock.
Bloomington, Ind. — Terry Tallen, chairman and CEO of Tallen Capital Partners LLC, has donated $2 million to the Indiana University Bicentennial Campaign for Athletics.
Daytona Beach, Fla. — Sutton Properties has signed Publix to anchor Latitude Landings, the 200,000-square-foot retail portion of Latitude Margaritaville Daytona Beach, an active adult community.
Dallas — Northwood Retail has signed four new tenants to Hillside Village in Dallas, and unveiled a five-phase renovation plan for the 166,229-square-foot center.
Mechanicsburg, Penn. — CBRE has arranged the sale of Silver Spring Square, a 342,600-square-foot shopping center in Mechanicsburg.
Venture Commercial Brokers Sale of Two Albertsons Stores Totaling 123,737 Square Feet in Metro Dallas
Murphy And Watauga, Texas — Venture Commercial has brokered the sale of Albertsons grocery stores totaling 123,737 square feet in the Dallas-Fort Worth (DFW) metros of Murphy and Watauga.
Jeffersonville, Ind. — NorthMarq Capital has arranged a $7.7 million construction loan for Jeffersonville Town Center in southern Indiana.
Sevierville, Tenn. — Time Equities Inc. (TEI) has acquired Governor’s Crossing, a 140,568-square-foot shopping center in Sevierville, for $13.9 million.
Winter Garden, Fla. — CBRE has arranged the $11.4 million sale of Winter Garden Regional Shopping Center, a 128,973-square-foot shopping center in the Central Florida community of Winter Garden.
Katy, Texas — VillaSport Athletic Club & Spa will open a 121,000-square-foot athletic facility within Stableside at Falcon Landing, a 270,000-square-foot retail development in Katy.
Lincolnshire, Ill. — Lincolnshire-based Camping World Holdings Inc. has unveiled plans to expand in the United States with the development of new SuperCenters in Augusta, Georgia; Marion, Illinois; and Huber…
Elgin, Ill. — Eldorado Resorts Inc. (NASDAQ: ERI), a Nevada-based casino owner and operator, has agreed to acquire the Grand Victoria Casino for $327.5 million.
San Antonio — Weingarten Realty, a Houston-based REIT, has begun work on the 25-acre retail portion of Stevens Ranch, a 2,400-acre master-planned community in San Antonio.
Morrisville, N.C. — Cushman & Wakefield has arranged the $11.3 million sale of Alexander Village, a 77,994-square-foot shopping center in Morrisville, 13 miles west of Raleigh.
New Orleans — Golf entertainment concept Drive Shack has unveiled plans to open a 62,000-square-foot venue at the site of the former Times-Picayune building in New Orleans.
Asana Acquires Krog Street Market, Atlanta Stove Works in Atlanta’s Inman Park Neighborhood from Paces Properties
Atlanta — Charlotte-based Asana Partners has acquired Krog Street Market and Atlanta Stove Works, two mixed-use destinations in Atlanta’s Inman Park neighborhood that once housed Tyler Perry Studios.
Denton, Texas — CBRE has negotiated the sale of Shops at Colorado, a 74,310-square-foot retail center in the North Texas city of Denton.
Selig Enterprises Unveils Retail Lineup of $229 Million City Springs Mixed-Use Project in Metro Atlanta
Sandy Springs, Ga. — Atlanta-based developer Selig Enterprises has unveiled the retail tenant lineup at City Springs, a $229 million mixed-use development in Sandy Springs, located 14 miles north of downtown…
Washington, D.C. — Forest City Washington has unveiled plans for the second phase of The Yards, a master-planned mixed-use development in Washington, D.C.
Kemah, Texas — GBT Realty has completed construction on The Shoppes at Kemah, a $16 million, 79,000-square-foot shopping center located in Kemah, 35 miles southeast of Houston.
Los Angeles — Cushman & Wakefield as arranged the $22.9 million sale of a retail property located on Melrose Avenue in West Hollywood.
Oshkosh, Wis. — Alliant Credit Union has provided a $10.3 million loan for the refinancing of the Shops at Market Fair in Oshkosh.
Gainesville, Fla. — Whole Foods Market will open a 40,000-square-foot location at Butler Town Center, a 450,000-square-foot, planned mixed-use development in Gainesville.
New York City — Nine West Holdings Inc. has filed for bankruptcy after accumulating $1.6 billion in debt.
Glendale, Ariz. — Lee & Associates has arranged the $21.9 million sale of Talavi Towne Center, a 118,377-square-foot shopping center in Glendale.
Dallas — MSD Capital LP, a private investment firm that manages the capital of computer magnate Michael Dell and his family, has acquired shares of the Knox District, a mixed-use…
Portland, Ore. — RH (Restoration Hardware) has opened a 46,000-square-foot location in Portland’s historic Alphabet District.
Vancouver, Wash. — Cohen Financial, a division of SunTrust Bank, has arranged two loans totaling $11.9 million for the refinancing of two retail centers located in Vancouver.
St. Louis — Select Strategies Realty has acquired a five-property retail portfolio in metro St. Louis for an undisclosed price.
Charlotte, N.C. — Franklin Street has brokered the $5.8 million sale of City View Shopping Center, a 77,550-square-foot retail property in Charlotte.
Jacksonville, Fla. — Colliers International has arranged the $12.7 million sale of San Jose Plaza, a 95,433-square-foot shopping center in Jacksonville.
Dubuque, Iowa — The DESCO Group has acquired Warren Plaza, a 96,310-square-foot shopping center in Dubuque, for an undisclosed price.
Florence, S.C. — An 8,500-square-foot Five Below and a 20,000-square-foot HomeGoods will join the tenant mix at PREIT’s Magnolia Mall in Florence.
Irving, Texas — HFF has negotiated the sale of Shops at MacArthur Hills, a 75,387-square-foot retail center located within the 12,000-acre Las Colinas district in Irving.
Philadelphia — Kimco Realty’s Lincoln Square mixed-use project currently under development will be the site of Philadelphia’s first Sprouts Farmers Market.
Torrance and Santa Maria, Calif. — CBRE has arranged two leases for Dick’s Sporting Goods in Torrance and Santa Maria. The retailer will occupy 83,210 square feet at Del Amo Fashion Center…
Milwaukee — CBL Properties has unveiled plans for the redevelopment of the former Sears building at Brookfield Square in Milwaukee.
Park City, Utah — Park City-based PREP Property Group Inc. has appointed Numa Jerome as vice president of leasing.
Boynton Beach, Fla. — Charlotte-based FCA Partners has sold Shoppes of Boynton, a 151,000-square-foot shopping center in the South Florida city of Boynton Beach, for $27.8 million.
La Verne, Calif. — Hanley Investment Group Real Estate Advisors has arranged the sale of La Verne Courtyard, an 84,368-square-foot shopping center in La Verne, located 30 miles east of Los…
Henrietta, N.Y. — KeyBank Real Estate Capital has provided a $17.2 million CMBS loan for the refinancing of Henrietta Plaza, a 250,000-square-foot shopping center in Henrietta.
Tallahassee, Fla. — GBT Realty Corp. has acquired Governor’s Marketplace, a 243,000-square-foot shopping center in Tallahassee, for $25.5 million.
Aurora, Colo. — M&J Wilkow Ltd., along with MetLife Investment Management, has acquired The Southlands, a retail center located in southeast Aurora. Developed in 2005, the 1.7 million-square-foot complex features retail…
Continental Partners Arranges $11.3 Million Acquisition Loan for 102,782-Square-Foot Retail Asset in Nevada
Reno, Nev. — Continental Partners has arranged an $11.3 million loan for the acquisition of Mira Loma Shopping Center in Reno.
Winter Haven, Fla. — The Shopping Center Group (TSCG) has arranged the $6 million sale of Chain O’Lakes Plaza, a 91,160-square-foot shopping center located in Winter Haven, a city in Central…
HFF Arranges $5.4 Million Sale, $3.8 Million Acquisition Financing for Retail Center in Central Florida
Lake Mary, Fla. — HFF has arranged the $5.4 million sale of the Shoppes of Lake Mary, a 38,495-square-foot shopping center in Lake Mary, located 20 miles north of Orlando.
Beverly Hills, Calif. — A subsidiary of Paris-based LVMH has purchased a 6,200-square-foot retail building at 456 N. Rodeo Drive in Beverly Hills for $110 million. Just one day earlier…
Perris, Calif. — Hanley Investment Group Real Estate Advisors has arranged the sales of six retail pads at Perris Marketplace in separate transactions.
Brookfield, Wis. — Newport Capital Partners has acquired The Plaza in Brookfield, a suburb of Milwaukee, for $17.9 million.
Sacramento — MidCap Financial has provided $17.9 million in refinancing for the repositioning and lease-up of Stockton Plaza, a grocery-anchored shopping center in Sacramento.
Little Falls, Minn. — Timber Development has sold a 12,000-square-foot strip center in Little Falls for $1.2 million.
Aztec Arranges $80.5 Million Construction Loan for Walmart, Home Depot-Anchored Project in Northeast Florida
St. Johns, Fla. — Aztec Group Inc. has arranged an $80.5 million construction loan for The Pavilion at Durbin Park, an 80-acre retail project in St. Johns, located 25 miles south…
New York And Chicago — Brookfield Property Partners (NASDAQ: BPY) has agreed to acquire all remaining shares of GGP Inc. (NYSE: GGP), a Chicago-based mall owner.
Tampa, Fla. — Tiktin Real Estate Investment Services (TREIS) has arranged the $5.2 million sale of Madison Square, a 38,720-square-foot shopping center in Tampa.
Oak Creek, Wis. — SRS Real Estate Partners has negotiated the $5.2 million sale of The Shoppes at Drexel in Oak Creek, located 12 miles south of Milwaukee.
RED Development Breaks Ground on New Retail Buildings at 600,000-Square-Foot Mixed-Use Center in Texas
Denton, Texas — RED Development has broken ground on three new multi-tenant retail buildings at Rayzor Ranch Town Center, a 600,000-square-foot mixed-use development under construction in Denton.
Glenmont, N.Y. — Marcus & Millichap has arranged the $12.3 million sale of Bethlehem Town Center II, a 73,613-square-foot shopping center in Glenmont.
Rome, Ga. — Colliers International has brokered the $8.6 million sale of West Town Square, an 84,828-square-foot shopping center in Rome, a city in north Georgia.
Alameda, Calif. — A joint venture led by Trammell Crow Residential (TCR) plans to develop Alameda Point, a $500 million mixed-use project located in the Bay Area city of Alameda.
Dartmouth, Mass. — PREIT has signed three new tenants at Dartmouth Mall in Dartmouth, a city in southeast Massachusetts.
Sioux City, Iowa — The R.H. Johnson Co. has purchased Lakeport Commons in Sioux City for an undisclosed price.
Marietta, Ga. — Marcus & Millichap has brokered the $3.5 million sale of an 11,370-square-foot property leased to CVS/pharmacy in Marietta.
New York City — Jamestown LP has sold Chelsea Market in Manhattan to Google Inc. (NASDAQ: GOOG) for $2.4 billion.
Oceanside, Calif. — Matthews Real Estate Investment Services has arranged the sale of Del Oro Marketplace, a shopping center located in Oceanside.
Fort Wayne, Ind. — HFF has arranged the sale of Jefferson Pointe in Fort Wayne for an undisclosed price.
Leesburg, Fla. — Phillips Edison & Co. has acquired Shoppes of Lake Village, a 135,437-square-foot shopping center in the Central Florida community of Leesburg.
Belton, Mo. — Marshalls, Party City, Petco and Five Below have opened as part of Belton Gateway’s second phase of construction.
Lakeland, Fla. — Lakeland-based Publix Super Markets has purchased a portfolio of nine Publix-anchored shopping centers from Madison International Realty and DDRM Properties, an affiliate of DDR Corp.
Ridgeland, Miss. — Southern California-based Pacific Retail Capital Partners (PRCP) has broken ground on the redevelopment of Northpark, a 958,000-square-foot enclosed mall in Ridgeland, about 11 miles north of Jackson.
Miami Beach, Fla. — Miller Construction Co. is underway on Lincoln Eatery, a 9,600-square-foot food hall located on the ground floor of a Marshalls-anchored building in Miami Beach.
Wayne, N.J. — Toys ‘R’ Us is taking the next step in what the Wayne-based retailer is calling an “orderly wind down” of it’s U.S. business.
Avondale, Ariz. — Brixton Capital has purchased Palmilla Center, a grocery-anchored shopping center located in Avondale, a suburb of Phoenix.
San Bernardino, Calif. — SRS Real Estate Partners has arranged the sale of a newly constructed, single-tenant retail property located in San Bernardino.
Irving, Texas — Eleven new food-and-drink-based concepts will open this month at Toyota Music Factory, an entertainment destination located within the Las Colinas district in Irving.
NRF Survey: St. Patrick’s Day Spending to Hit Record $5.9 Billion, Food and Beverage Most Popular Items
Washington, D.C. — More than 149 million U.S. adults are expected to celebrate St. Patrick’s Day on Saturday, spending a record $5.9 billion on items related to the holiday, according to…
Williamsburg, Va. — Broad Street Realty has broken ground on Midtown Row, a mixed-use redevelopment in Williamsburg.
Terre Haute, Ind. — SWG | Capital has acquired Wabash Valley Plaza, a 194,081-square-foot shopping center in Terre Haute.
Haverstraw, N.Y. — NorthMarq Capital has arranged $18.5 million in refinancing for The Rosman Center, a grocery-anchored retail center located in Haverstraw.
Las Vegas — Cushman & Wakefield has arranged the $15.8 million sale of Paradise Marketplace, a 77,997-square-foot shopping center in Las Vegas.
Carlsbad, Calif. — RAF Pacifica Group has acquired an 18,127-square-foot retail and office property in Carlsbad for $3.2 million.
Dallas — Dallas-based SHOP Cos. Investment Sales has arranged the sales of three shopping centers totaling 68,771 square feet in the Dallas/Fort Worth metro.
Venture Commercial Secures Five Leases Totaling 90,000 Square Feet for Northern Tool in Texas, Southeast
Dallas — Dallas-based Venture Commercial Real Estate has secured five leases totaling 90,000 square feet for Northern Tool + Equipment.
Aurora, Ohio — PEBB Enterprises has sold Marketplace at Four Corners in Aurora, southeast of Cleveland, for $15.8 million.
Atlanta — Dine-in theater concept iPic Theaters will open its first Georgia location at Midtown Atlanta’s Colony Square, a mixed-use destination under redevelopment by North American Properties.
Hudson Pacific, Macerich to Redevelop Westside Pavilion Mall in Los Angeles to Office Space for $450 Million
Los Angeles — Hudson Pacific Properties (NYSE: HPP) and Macerich (NYSE: MAC) have formed a joint venture to redevelop Westside Pavilion, a 600,000-square-foot shopping mall located in west Los Angeles, into creative…
Asheville, N.C. — Zapolski Real Estate has acquired Asheville Market, a 129,851-square-foot shopping center in Asheville, for $33 million.
Lenexa, Kan. — Newmark Grubb Zimmer (NGZ) has arranged the sale of a 105,000-square-foot retail property occupied by Kohl’s in Lenexa.
Indio, Calif. — Haagen Co. has acquired the Indio Fashion Mall, a 215,000-square-foot shopping mall in Indio, for an undisclosed price.
Huntsville, Ala. — RCP Cos. has signed Dave & Buster’s to its MidCity project, a $350 million mixed-use development under construction in Huntsville.
Montclair, Calif. — CIM Group has signed a lease with AMC Dine-in Theatre at Montclair Place, a 1.2 million-square-foot regional mall in the Inland Empire community of Montclair.
Maple Grove, Minn. — TOLD Development Co. has sold The Shops at Wedgwood in Maple Grove for an undisclosed price.
Middletown, N.Y. — Concord Capital New York has purchased Playtogs Shopping Plaza, a shopping center in Middletown.
Montgomery, Ala. — SRS Real Estate Partners has arranged the $10.5 million sale of Twin Oaks, a 97,189-square-foot shopping center in Montgomery.
HFF Arranges Joint Venture Equity, Construction Financing for 470,000-Square-Foot Retail Center in Orlando
Orlando, Fla. — HFF has arranged joint venture equity and construction financing for the development of Vineland Pointe, a 470,000-square-foot shopping center under construction in Orlando.
Greenville, S.C. — The Shopping Center Group (TSCG) has signed Topgolf to Garlington North, a 77-acre mixed-use project under development in Greenville.
Honolulu — Honolulu-based Alexander & Baldwin (NYSE: ALEX) has acquired three shopping centers located in Hawaii.
Wood Village and McMinnville, Ore. — Capital Pacific has arranged the sales of two shopping centers in the Portland area: Wood Village Town Center in Wood Village, located 15 miles east…
Los Angeles — CBRE has arranged the $17.5 million sale of Triangle Center, a 16,128-square-foot strip retail center located in Culver City and Los Angeles.
San Diego — Colliers International has arranged the $19.9 million sale of a 17,462-square-foot retail property located in San Diego’s Gaslamp Quarter.
San Francisco — Jeff Kirwan, president and CEO of Gap brand, will leave Gap Inc.
Overland Park, Kan. — Price Brothers has unveiled plans for the next phase of Bluhawk, a $750 million, 277-acre mixed-use project in Overland Park.
Midvale, Utah — NKF Capital Markets has arranged the $142 million sale of a 688,549-square-foot portion of The Shops at Fort Union, a shopping center in Midvale, 12 miles south of…
Sugar Land, Texas — Vista Equities Group has broken ground on Phase II of University Commons in Sugar Land, an expansion project that will deliver 108,000 square feet of new…
Boise, Idaho — Boise-based grocery chain Albertsons Cos. has agreed to acquire Rite Aid Corp. (NYSE: RAD), one of the nation’s largest drugstore chains, for an undisclosed sum.
Las Vegas — Vestar has acquired Best in the West, a 465,000-square-foot shopping center in Las Vegas.
Hermitage, Tenn. — HFF has arranged the sale of Oakwood Commons, a 276,448-square-foot shopping center in Hermitage, 16 miles northeast of Nashville.
Port Charlotte, Fla. — GBT Realty Corp. has unveiled the tenant lineup and renovation plans for Port Charlotte Marketplace, a shopping center redevelopment project in Port Charlotte, 40 miles south of…
Vancouver, BC — Vancouver-based Indochino will launch four new showroom locations in Texas and North Carolina this spring.
Raleigh, N.C. — Williams Realty & Building Co., in conjunction with Kane Realty Corp. and capital partner Lionstone Investments, has received construction financing for the development of a high-rise mixed-use project…
Lexington, Ky. — Mid-America Real Estate Corp. has brokered the $59.8 million sale of two Kroger-anchored shopping centers in Lexington: Tates Creek Centre and Millpond Center.
Cranberry Township, Pa. — M&J Wilkow, along with ALTO Real Estate Funds, has acquired Cranberry Square, a retail center located in Cranberry Township, 20 miles north of Pittsburgh.
Daytona Beach Fla., and Chattanooga, Tenn. — CBL Properties has signed leases with five new restaurants at shopping malls in Daytona Beach and Chattanooga.
Denver — Chipotle Mexican Grill’s board of directors has appointed Brian Niccol as CEO and a member of the board, effective March 5, 2018. Niccol most recently served as CEO…
Pocatello, Idaho — Millennial Development Partners has announced plans for Northgate District, a master planned community located in Pocatello, a city in southeastern Idaho.
Torrance, Calif. — Faris Lee Investments has arranged the $21 million sale of Southwood Village, a 66,958-square-foot shopping center in Torrance, a city in southern California.
Atlanta — Three new tenants will join Shops Around Lenox, an open-air shopping center in Atlanta’s Buckhead district, in the coming months.
Santa Monica Calif. — E-commerce has claimed many victims in its siege of brick-and-mortar shopping, but perhaps none more so than big box retailers.
Chattanooga, Tenn. — Chattanooga-based CBL Properties has promoted Mike Harrison to executive vice president of operations and Alan Lebovitz to executive vice president of management.
Oak Brook, Ill. — Oak Brook-based Retail Properties of America Inc. (RPAI) has promoted Julie Swinehart as the company’s executive vice president, chief financial officer and treasurer.
Henderson, Nev. — NKF Capital Markets has arranged the sale of Galleria Commons, a 278,411-square-foot shopping center in Henderson.
Meridian, Idaho — Pine Tree LLC, in partnership with a U.S. state pension fund, has acquired Meridian Crossroads, a 527,000-square-foot shopping center in Meridian, for $78.7 million.
New York City — Cushman & Wakefield has arranged the sale of a corner development site located in the Flushing neighborhood of Queens.
Wake Forest, N.C. — Moseley Real Estate Advisors is underway on 981 Crossing, a 20,494-square-foot retail development in Wake Forest, 18 miles northeast of Raleigh.
Schaumburg, Ill. — Associated Bank has provided a $14.5 million refinancing and construction loan for a multi-tenant retail project in Schaumburg.
Downers Grove, Ill. — Bianco Properties has acquired Main Street Square Shopping Center, a 56,120-square-foot shopping center in Downers Grove, located 23 miles west of Chicago.
Imperial Beach, California — Retail Insite has arranged the $7.2 million sale of a Grocery Outlet store in Imperial Beach, a city in Southern California.
Orlando, Fla. — Unicorp National Developments Inc. has unveiled plans for O-Town West, a $1 billion mixed-use development in Orlando.
Calgary, Alberta And San Diego — Brookfield Residential Properties Inc., the residential development arm of private equity firm Brookfield Asset Management, has closed on its acquisition of OliverMcMillan, a San…
Aurora, Ohio — Institutional Property Advisors (IPA) has brokered the sale of Marketplace at Four Corners in Aurora for $55.7 million.