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 Rosen represented the buyer, Los Angeles-based Westwood Financial, and the undisclosed seller in the $25.1 million transaction. Located at 2121 E. Arbors Drive, the property sits approximately four miles from the University of North Carolina, Charlotte and is home to tenants including Petco, Massage Envy, Hickory Tavern and Zoë’s Kitchen. The center was 98 percent leased at the time of sale.
Corona, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $28.6 million sale of Sierra Del Oro Towne Centre, a 110,004-square-foot shopping center located in Corona, roughly 48…
Glen Allen, Va. — The Peterson Cos. has opened the first Publix in Virginia at Nuckols Place, a shopping center located in Glen Allen, roughly 13 miles north of Richmond.
Lake Forest, Calif. — Faris Lee Investments has arranged the $2.5 million sale of a 1,800-square-foot, single-tenant property occupied by Starbucks Coffee in Lake Forest, California.
Morristown, N.J. — The Hampshire Cos., in a joint venture with Seoul, South Korea-based Hana Asset Management Co., has acquired a six-store Walmart Neighborhood Market portfolio in southern Louisiana.
Chicago — Industry veteran David Gorelick, a renowned Simon Property Group and Ralph Lauren Corporation executive, will join Chicago-based Cushman & Wakefield as executive managing director and head of retail…
Buford, Ga. — HFF has arranged the sale of Golden Park Village, a 68,738-square-foot shopping center located in the Atlanta suburb of Buford, Georgia.
San Antonio — El Paso-based investment firm Mimco Inc. has acquired 5530 Walzem Road, a 100,000-square-foot shopping center in San Antonio.
Chula Vista, Calif. — HFF has arranged the $42 million sale of Gateway Marketplace, a 127,861-square-foot shopping center located in Chula Vista, roughly nine miles outside San Diego.
San Francisco — The Gymboree Corporation plans to close approximately 350 stores, mainly across the Gymboree and Crazy 8 brands.
Dallas and Denton, Texas — Disney Investment Group (DIG) has arranged the sale of two shopping centers located in Dallas and Denton, Texas.
Random, W.Va. — A joint venture between Heidenberg Properties Group and Strategic Real Estate Partners has purchased The Potomac Marketplace, a 370,000-square-foot shopping center located along Route 9 in Ranson.
Portland, Ore. — Kimco Realty Corp. (NYSE: KIM) has acquired Jantzen Beach Center, a 746,000-square-foot open-air shopping center in Portland, for $131.8 million.
Natixis Provides $54.5 Million in Financing for Redevelopment of Cheltenham Square Mall in Metro Philadelphia
Cheltenham, Pa. — Natixis has originated a $54.5 million floating-rate loan for the redevelopment of the former Cheltenham Square Mall located in Cheltenham, roughly 12 miles outside Philadelphia.
CBRE Global Investors, Universal-Investment Purchase Mixed-Use Property in Miami Beach for $283 Million
Miami Beach, Fla. — CBRE Global Investors and German investment company Universal-Investment have purchased 1111 Lincoln, a 146,327-square-foot mixed-use property in Miami Beach.
San Luis Obispo, Calif. — HFF has arranged the $43.6 million sale of Marigold Center, a 174,428-square-foot shopping center located in San Luis Obispo.
Cary, N.C. — The Sembler Co. has unveiled plans to develop a 72,000-square-foot, Publix-anchored shopping center in Cary, roughly 11 miles west of Raleigh.
St. Augustine, Fla. — American Commercial Realty Corp. (ACR) has acquired the Shops at World Golf Village, the retail component of World Golf Village in St. Augustine, located roughly 30…
Raleigh, N.C. — Continental Realty Corp. (CRC) has sold Creekside Crossing, a 60,499-square-foot shopping center located at 404 E. Six Forks Road in Raleigh, for $10.1 million.
Hilliard, Ohio — RCG Ventures has acquired Mill Run Square in Hilliard, a suburb of Columbus.
Las Vegas — Eyzenberg & Co. has secured an $18.1 million refinancing for The Shoppes at Harmon Square, a 31,384-square-foot retail center located across from the Hard Rock Hotel …
Montebello, Calif. — Hanley Investment Group Real Estate Advisors has arranged the sale of a single-tenant building occupied by LA Fitness.
Dallas — Rainier Realty Investments has acquired Wheatland Towne Crossing, a 207,669-square-foot retail center located in Dallas.
Parsippany, N.Y. — RD Management, JMF Properties and Ripco Real Estate Corp. have broken ground on Waterview Marketplace, a shopping center located roughly 27 miles outside New York City in Parsippany.
Daytona Beach, Fla. — Avison Young has arranged the $20 million sale of Volusia Marketplace, a 131,361-square-foot shopping center located across from the Daytona International Speedway in Daytona Beach, Florida.
Stockton, Calif. — Faris Lee Investments has arranged the $7 million sale of The Shops at Hammer & West, a 15,314-square-foot strip center located in Stockton, California.
San Antonio, Texas — San Antonio-based developer StrEat Park LLC has broken ground on Brooklyn StrEat Food Park, a $2.5 million project located at 201 Burnet St. in San Antonio.
Beck Ventures Begins Demolitions for Phase I of $4 Billion Mixed-Use Project at Former Valley View Mall Site in Dallas
Dallas — Beck Ventures has begun demolishing Valley View Mall to make way for Dallas Midtown, a $4 billion mixed-use project that will encompass more than 400 acres.
Austin, Texas — Capital Metro and a partnership between Endeavor Real Estate Group and Columbus Realty Partners have broken ground on Plaza Saltillo District, an 11-acre, transit-oriented development near downtown Austin.
Weehawken, N.J. — Hartz Mountain Industries has broken ground for Whole Foods Market 365 at Lincoln Harbor, a mixed-use development on the Weehawken waterfront in New Jersey.
Associated Bank Provides $25 Million Loan for Refinancing of Mariano’s-Occupied Building in Metro Chicago
Westmont, Ill. — Associated Bank has provided a $25 million loan for the refinancing of a single-tenant building occupied by Mariano’s Fresh Market in Westmont, about 20 miles west of Chicago.
Austin and San Antonio, Texas — The QuikTrip Corp. will open more than 100 new gas and convenience store locations in the Austin and San Antonio areas beginning in the…
Pottstown, Pa. — CBRE has arranged the sale of Town Square Plaza, a power center located roughly 40 miles outside Philadelphia in Pottstown.
Escondido, Calif. — Paragon Commercial Group has closed two long-term leases with HomeGoods and ALDI at Escondido Valley Center at the corner of West Valley and Auto parkways in Escondido.
Little Rock, Ark. — Ziff Properties Inc. has purchased Bowman Curve Shopping Center, an 81,271-square-foot retail development located near the intersection of North Bowman Road and West Markham Street in…
Boston — L3 Capital and LaSalle Investment Management have purchased a vacant commercial building located at 399 Washington St. in Boston’s Downtown Crossing for $63.2 million.
Deerfield, Ill. — The merger between Walgreens Boots Alliance Inc. (NASDAQ: WBA) and Rite Aid Corp. (NYSE: RAD) has been terminated.
Norfolk, Va. — Simon has opened the 332,000-square-foot Norfolk Premium Outlets, bringing retailers including Banana Republic Factory, Calvin Klein, Nike Factory Store, Old Navy and Steve Madden to the Norfolk…
Davenport, Fla. — Franklin Street has closed on the $23.4 million sale of Ovation Town Center, a 96,750-square-foot, Publix-anchored shopping center located at 7800 Lake Wilson Road in Davenport, roughly 35…
Columbus, Ohio — Eight new tenants have signed on to open at Easton Town Center in Columbus. Fashion and accessory brands Zara, Shinola, Filson and A Pea in the Pod will…
Streetsboro, Ohio — Envoy Net Lease Partners LLC has provided a $1 million-plus loan on a corporate ground lease for a Wendy’s restaurant in Streetsboro, roughly 20 miles north of Akron…
Delray Beach, Fla. — The Keith Corporation has finalized plans for the redevelopment of Delray Square Shopping Center, a 150,000-square-foot retail center in Delray Beach, Fla. The center will be…
Charlotte, N.C. — Westwood Financial LLC has acquired The Arbors at Mallard Creek, a 55,323 square-foot, Trader Joe’s-anchored shopping center in Charlotte’s University City neighborhood. CBRE’s Mike Burkard and Casey…
La Quinta, Calif. — Hanley Investment Group Real Estate Advisors has arranged the sale of a two-tenant retail building occupied by TJ Maxx and ULTA Beauty in La Quinta. The…
Westbury, N.Y. — Lesso Group has acquired The Mall at the Source and an adjacent retail building, located at 1504 Old Country Road in Westbury, for $92 million.
Barrington and Elmhurst, Ill. — Millennium Properties has arranged the sale of two retail centers in suburban Chicago.
Houston, Texas — HFF has secured $80 million in acquisition financing for and brokered the sale of BLVD Place, a 216,692-square-foot mixed-use center located in the Uptown district of Houston.
Nashville, Tenn. — AEG plans to develop a mixed-use entertainment district at Southwest Value Partner’s (SWVP) Nashville Yards in downtown Nashville.
Pueblo West, Colo. — Faris Lee Investments has arranged the $2.4 million sale of Pueblo West Retail Center, a 13,000-square-foot, Walmart Supercenter shadow-anchored strip center located in Pueblo West.
Cedar Rapids, Iowa — Mid-America Real Estate Corp. has arranged the sale of Northland Square, a 187,068-square-foot shopping center located in Cedar Rapids.
Manassas, Va. — Finmarc Management Inc. has purchased Festival at Manassas, a 117,000-square-foot shopping center located in Manassas, from Katz Properties for $20 million.
Seattle — Online retail giant Amazon (NASDAQ: AMZN) has agreed to acquire luxury grocery chain Whole Foods Market Inc. (NASDAQ: WFM) for $13.7 billion.
Bentonville, Ark. — Walmart (NYSE: WMT) has agreed to acquire online apparel retailer Bonobos Inc. for approximately $310 million in cash.
Cottonwood Management Breaks Ground on $900 Million Mixed-Use Development in Boston’s Seaport District
Boston — Cottonwood Management, a private real estate management and development firm based in Los Angeles, has started construction of Echelon Seaport, a three-tower, $900 million mixed-use development in Boston’s Seaport…
DDR, Madison International Realty Close $1.05 Billion Recapitalization of DDR Domestic Retail Fund I
Beachwood, Ohio — Beachwood-based DDR Corp. and an affiliate of Madison International Realty have closed the $1.05 billion recapitalization of a joint venture with 52 shopping centers previously owned by DDR…
El Segundo, Calif. — HFF has arranged a $125 million refinancing for Plaza El Segundo, a 380,558-square-foot shopping center located roughly 20 miles outside Los Angeles in El Segundo.
Las Vegas — Golden Entertainment Inc. (NASDAQ: GDEN) has agreed to acquire American Casino & Entertainment Properties LLC, which owns four gaming and entertainment properties in Nevada, for $850 million.
Sparks, Nev. — RCG Ventures has acquired Sparks Crossing, a 335,981-square-foot shopping center located roughly four miles outside Reno in Sparks, for $40.2 million.
Crescent Communities Unveils Plans for Bigby Mixed-Use Development in Nashville’s Cool Springs District
Franklin, Tenn. — Crescent Communities has unveiled plans for Bigby, a mixed-use development in Nashville’s Cool Springs submarket.
Goodyear, Ariz. — Sterling Organization has acquired Palm Valley Marketplace, a 107,633-square-foot shopping center located roughly 16 miles outside Phoenix in Goodyear.
Delta Township, Mich. — Mid-America Real Estate Corp. has arranged the sale of the Marketplace at Delta Township, a 174,353-square-foot shopping center located in the Lansing suburb of Delta Township…
Salina, Kan. — Marcus & Millichap has arranged the sale of a Chick-fil-A ground lease in Salina, located in central Kansas, for $1.6 million.
Gramor Secures Construction Financing for Phase I Component of $1.5 Billion Waterfront Vancouver Project
Vancouver, Wash. — Gramor Development Inc., a privately held firm based in Oregon, has secured a round of construction financing for Phase I of its $1.5 billion mixed-use project along…
New York City — Mission Capital Advisors has arranged $41.6 million in financing for the construction of Kingswood Plaza II, an office and retail development located at 1715 E. 13th St…
San Dimas, Calif. — Marcus & Millichap has arranged the sale of Bonita Canyon Gateway, a retail property located roughly 28 miles outside Los Angeles in San Dimas.
Fayetteville, N.C. — RealtyLink LLC plans to deliver the $80 million Freedom Town Center located at Skibo and Cliffdale roads in Fayetteville.
Woodbridge, Va. — Klein Enterprises has acquired Market at Opitz Crossing, a 157,724-square-foot shopping center located in Woodbridge, from the Sterling Organization for $29.3 million.
Stone Mountain, Ga. — Preferred Apartment Communities Inc. (PAC) has purchased Rockbridge Village, a 102,432-square-foot retail center in Stone Mountain, a suburb of Atlanta.
Livermore, Calif. — RedMill Capital, alongside financial partner ANICO Eagle LLC, has broken ground on The Shops at Livermore, a 115,000-square-foot mixed-use development located roughly 40 miles outside San Francisco…
Albert Lea and Cambridge, Minn. — Timber Development Corp. has acquired one strip center, and is developing two centers in Albert Lea and Cambridge, Minnesota.
Coral Springs, Fla. — CPAC Royal University LLC — a joint venture between CREC and Lubert Adler — has sold Royal University Plaza, a 115,000-square-foot shopping center located in Coral…
Norfolk, Va. — The Cordish Cos. and the City of Norfolk have opened Waterside District, a $40 million overhaul and rebranding of the former Waterside Festival Marketplace.
Philadelphia and Cleveland — Interior design firm NELSON has merged with Philadelphia-based Cope Linder Architects and Cleveland-based KA Architecture to create a full-service architecture and design firm.
Chesapeake, Va. — Southeastern has arranged the $38.7 million sale of Greenbrier Square, a 260,602-square-foot shopping center located in Chesapeake.
Cambridge, Mass. — A $30 million renovation is underway at CambridgeSide Galleria, a 1.2 million-square-foot, mixed-use development located roughly two miles outside downtown Boston in East Cambridge.
Portland, Ore. — HFF has arranged the sale of Southgate Shopping Center, a 50,826-square-foot, multi-tenant strip center located in the Southgate area of Portland.
Los Angeles — HFF has arranged $100 million in financing for the development of Arts District AMP Lofts, a mixed-use residential and retail property located Los Angeles’ Arts District.
Torrance, Calif. — Quantum Capital Partners has secured a $37 million interest-only loan to refinance The Shops at South Bay, a 200,000-square-foot shopping center located roughly 20 miles outside Los…
Lompoc, Calif. — Cushman & Wakefield has arranged the $19 million sale of Central Town Square, a grocery-anchored shopping center located in Lompoc, California.
Monroe, Mich. — Mid-America Real Estate Corp. has arranged the sale of Telegraph Plaza, a 141,354-square-foot shopping center located in Monroe.
Shapell Liberty Investment Properties Breaks Ground on $150 Million Mixed-Use Project in Los Angeles
Los Angeles — Shapell Liberty Investment Properties has broken ground on The Vineyards at Porter Ranch, a $150 million mixed-use project in Los Angeles’ Porter Ranch neighborhood.
Modesto, Calif. — HFF has arranged the $170 million refinancing of a portfolio of 33 triple-net-leased grocery properties totaling 1.73 million square feet in northern California.
Perry, Ga. — Avison Young has arranged the sale of Perry Marketplace, a 179,973-square-foot shopping center located in Perry, roughly 29 miles outside Macon, Georgia.
Canton, Texas — Dallas-based STRIVE has arranged the sale of Trader’s Square Shopping Center, a 57,920-square-foot shopping center located in Canton, Texas.
Chicago and Naperville, Ill. — Horizon Realty Services has closed two lease transactions for Kilwins Chocolates, Fudge and Ice Cream in metro Chicago.
East Boston and Revere, Mass. — The HYM Investment Group LLC, a mixed-use developer based in Boston, has purchased Suffolk Downs, a 161-acre horse racetrack located in East Boston and Revere.
Boston — WS Development has hired architecture firm OMA to design a mixed-use project located at 88 Seaport Blvd. in Boston.
Oceanside, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $7.4 million sale of a single-tenant Walgreens property located roughly 38 miles outside San Diego in Oceanside.
Investors View Anchored Centers as Best Source of Opportunity in Changing Retail Landscape, Real Capital Markets Reports
An evolution is taking place in the retail sector today. Big box retailers are no longer en vogue with today’s active and experience-driven consumer, and the growth of e-commerce continues…
San Diego, Calif. — A joint venture between Citivest Commercial Investments LLC and Hutensky Capital Partners has acquired a freestanding AMC theater complex in San Diego for $36 million.
Eatontown, N.J. — Paramount Realty is set to break ground on Freedom Pointe, a mixed-use development located within the larger redevelopment of Fort Monmouth, a former Army Base in New…
Northridge, Calif. — Investment Real Estate Associates (IREA) has arranged the $54.7 million sale of the Northridge Plaza Shopping Center, located roughly 30 miles outside Los Angeles in Northridge.
Katy, Texas — Vista Equities Group has broken ground on the final phase of development of LaCenterra at Cinco Ranch, a 34-acre, mixed-use development in Katy.
Associated Bank Provides $25 Million Refinance Loan for Mariano’s-Occupied Building in Metro Chicago
Orland Park, Ill. — Associated Bank has provided a $25 million loan for the refinancing of a 73,180-square-foot retail building occupied by Mariano’s Fresh Market in Orland Park, a suburb…
New York City — Urban Edge Properties (NYSE: UE) has purchased a seven-property retail portfolio primarily within the New York City metro area and Missouri for $325 million. The portfolio…
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…
Triple Five, Ghermezian Family Secure $1.6 Billion Funding for American Dream Meadowlands Project in New Jersey
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.
Grossman and Summit Development To Develop Chappaqua Crossing on Former Reader’s Digest Headquarters
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.
Kimco Signs First Retail Leases for $180 Million Boulevard Redevelopment in New York’s Staten Island
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.
Atlanta — A joint venture between Columbia Ventures LLC and Studioplex LLC has broken ground on the next phase of Studioplex on Auburn, a mixed-use development in Atlanta’s Old Fourth…
Glendora, Calif. — Champion Real Estate Co. has begun converting an existing grocery property into a Sprouts Farmers Market at 655 S. Grand Ave. in Glendora.
New York City — Despite a rash of bankruptcies and store closures by major retailers during the first quarter of 2017, the U.S. retail market overall is quite healthy, according to…
Victorville, Calif. — Progressive Real Estate Partners has arranged the sale of two outparcels at the entrance to the Mall of Victor Valley in Victorville for an aggregate total of…
Topeka, Kan. — Topeka-based Payless ShoeSource has tapped RCS Real Estate Advisors to market 425 store leases in conjunction with the company’s Chapter 11 filing.
New York, Philadelphia and St. Louis — Urban Edge Properties (NYSE: UE), a real estate investment trust, has entered into a contract to acquire a seven-property portfolio of retail assets…
Los Angeles — Los Angeles-based Forever 21 plans to open 40 new F21 RED locations across the U.S. in 2017.
Miami — Regency Centers Corp. plans to develop Pinecrest Place, a $16.4 million retail center situated off U.S. Highway 1 (South Dixie Highway) in Miami.
Utica, Mich. — Mid-America Real Estate Corp. has arranged the sale of Shelby Corners in Utica, a suburb of Detroit.
Charlotte, N.C. — Aston Properties has announced retailers and restaurants joining City Park Village, an 11,600-square-foot shopping center under construction in Charlotte.
Plymouth Meeting, Pa. — Legoland Discovery Center Philadelphia has opened at Plymouth Meeting Mall in Plymouth Meeting, a suburb of Philadelphia.
St. Louis — JAB Holding Co., the private investment firm that purchased Krispy Kreme Doughnuts last year, has agreed to purchase Panera Bread Co. (NASDAQ: PNRA) in a transaction valued…
Topeka, Kan. — Payless ShoeSource has filed for Chapter 11 bankruptcy and announced plans to immediately close nearly 400 underperforming stores.
Chicago — Federal Realty Investment Trust has acquired Riverpoint Center in Chicago’s Lincoln Park for $107 million.
Miami — ESJ Capital Partners has purchased Jungle Island, an 18-acre zoological park located on Watson Island along the MacArthur Causeway in Miami.
Miami Beach, Fla. — FirstBank has provided a $22.3 million construction loan for a Michaels-anchored retail center located at 1824 Alton Road in Miami Beach.
Laredo, Texas — CBL & Associates Properties Inc. and Horizon Group Properties have completed the development of The Outlet Shoppes at Laredo, a 358,000-square-foot retail center located at 1600 Water…
Bradenton, Fla. — The Home Depot has purchased 22 acres in Bradenton, a city within the Tampa Bay area near Sarasota, for a new store.
Peoria, Ill. — Mid-America Real Estate Corp. has arranged the sale of Sheridan Village in Peoria for $13 million.
New Caney, Texas — Hobby Lobby has opened a new store in Valley Ranch Town Center, a 240-acre, 1.5 million-square-foot mixed-use development in New Caney, a city roughly 30 miles…
Norcross, Ga. — SRS Real Estate Partners has arranged the $8.65 million sale of Tree Trail Village Shopping Center, a 99,238-square-foot retail center located roughly 28 miles outside Atlanta in…
The Colony, Texas — Nebraska Furniture Mart, a division of Berkshire Hathaway, has broken ground on a 100-acre lifestyle retail center that is part of Grandscape, a 433-acre, mixed-use development…
Chicago — The Park at Wrigley is set to open today in Chicago.
Chicago — The Boulder Group has arranged the $24 million sale of Archer Station, a four-tenant shopping center located in Chicago.
Detroit — Bernard Financial Group has arranged a $5.2 million loan for the construction of Baltimore Station in Detroit.
Dallas — Dallas-based Cypress Equities has sold eight Walmart Neighborhood Market properties located in Alabama and South Carolina to an undisclosed U.S.-based REIT.
Stamford, Old Greenwich and Fairfield, Conn. — Urstadt Biddle Properties Inc. has acquired a four-property retail portfolio located in Stamford, Old Greenwich and Fairfield, Connecticut.
St. Paul, Minn. — St. Paul-based Gander Mountain Co. has filed a stalking horse bid by a joint venture comprised of Gordon Brothers and Hilco Merchant Resources to purchase substantially…
Orlando, Fla. — The Shopping Center Group has arranged the $16 million sale of Town Center Shoppes, a 64,500-square-foot retail center located in Orlando.
Orlando, Fla. — Darden Restaurants has agreed to purchase Cheddar’s Scratch Kitchen for $780 million in an all-cash transaction.
Pompton Plains, N.J. — HFF has arranged the $51 million sale of Plaza 23, a 161,000-square-foot shopping center located roughly 27 miles outside New York City in Pompton Plains, New…
King of Prussia, Pa. — A new Saks Fifth Avenue OFF 5TH retail store will open on April 6 in metro Philadelphia.
New Brunswick, N.J. — New Brunswick Development Corp. (Devco) has begun site preparation on the Ferren Mall Parking Deck for The Hub @ New Brunswick Station in New Brunswick.
Fort Worth, Texas — A joint venture between GHP Office Realty and RD Management has sold a 136,000-square-foot shopping center anchored by Albertsons, located in Fort Worth, for $15 million.
Santa Monica, Calif. — HFF has arranged a $12.6 million refinancing for 3202-3212 Wilshire Blvd., a 28,209-square-foot retail building located in Santa Monica.
Dallas — The Silver Group has arranged the sale of a single-tenant property occupied by LA Fitness, located at 13130 Preston Road, in Dallas.
Rosenberg, Texas — IHOP is set to open a 4,588-square-foot restaurant at Brazos Town Center, a 1.8 million-square-foot shopping center located roughly 35 miles west of Houston in Rosenberg.
San Antonio, Texas — GBT Realty Corp. recently acquired a one-acre site in San Antonio for the development of South Park Commons, a 12,600-square-foot retail center. GBT purchased the property…
Hinesville, Ga. — Hutton Contracting Co. has completed construction of Oglethorpe Square, a 158,000-square-foot shopping center located in Hinesville, a city about 40 miles southwest of Savannah.
Long Beach, Calif. — Urban Commons has unveiled plans for a $250 million mixed-use development surrounding the Queen Mary, a retired cruise ship docked in Long Beach, California.
Cocoa, Fla. — Tiktin Real Estate Investment Services has arranged the sale of Clearlake Square, an 85,522-square-foot shopping center located in Cocoa.
Ironwood, Mich. — Regency Properties has acquired Ironwood Commons, a 196,053-square-foot shopping center located in Ironwood.
Gainesville, Fla. — Construction is underway on renovations to the 14-screen Regal Cinema located at Butler Town Center in Gainesville.