Birmingham, Ala. — Bailey brings 20 years of CRE experience to the role.
- Published in The Latest News
Covington, Wash. — A joint venture between Oakpointe Communities and Presidio Residential Capital has received unanimous approval from the City of Covington to develop LakePointe Urban Village, a $670 million…
East Rutherford, N.J. — Triple Five Cos. and the Ghermezian family, developers of the American Dream Meadowlands project, have secured $1.6 billion in private construction financing for the project, which…
Cincinnati — Phillips Edison Grocery REIT I Inc. (OTC: PHLD) has entered into an agreement to acquire the real estate assets and third-party asset management business of its sponsor firm, Phillips…
Washington, D.C. — Roadside Development and North America Sekisui House LLC have announced that Wegmans will anchor the redevelopment of the former Fannie Mae headquarters at 3900 Wisconsin Ave. in…
Miami — A partnership between Federal Realty Investment Trust, The Comras Company and Grass River Property has announced plans for the redevelopment of CocoWalk, a lifestyle center located in Miami’s…
Scottsdale, Ariz. — HFF has arranged the $26 million sale of The Village at Hayden, a 156,751-square-foot mixed-use development located in Scottsdale.
Raleigh, N.C. — FCA Partners LLC has acquired Celebration at Six Forks, a 125,000-square-foot shopping center located in Raleigh, for $19.1 million.
Bal Harbour, Fla. — Whitman Family Development has gained final approval from the Bal Harbour Village Council for the $400 million enhancement plan for Bal Harbour Shops, an upscale, 450,000-square-foot, open-air shopping…
Livermore, Calif. — RedMill Capital and ANICO Eagle LLC will break ground this month on The Shops at Livermore, a 115,000-square-foot mixed-use development in the upscale Bay Area suburb of…
Eatontown, N.J. — Kushner Companies and Rouse Properties have created a new joint venture to redevelop Monmouth Mall into the Heights at Monmouth, an innovative mixed-use destination that is expected…
Corona, Calif. — Irvine, California-based Passco Companies has acquired Temescal Village, a 102,976-square-foot neighborhood shopping center in Corona, California, for $16.95 million.
Chappaqua, N.Y. — Quincy, Massachusetts-based The Grossman Companies and Southport, Connecticut-based Summit Development are developing Chappaqua Crossing, a 120,000-square-foot high-end retail development on the site of the former Reader’s Digest…
Morristown and Maryville, Tenn. — Chattanooga, Tenn.-based CBL & Associates Properties Inc. has sold College Square and Foothills Mall in Tennessee to New York-based Time Equities Inc. for a combined…
Nashville, Tenn. — As first announced in the cover story of April issue of Shopping Center Business, GBT Realty Corp. has now officially launched its value-add division, naming industry veteran…
Middletown, N.J. — Wegmans Food Markets will open a 130,000-square-foot store at National Realty & Development’s planned The Shoppes at Middletown in Middletown, New Jersey.
Daytona Beach, Fla. — Three new tenants have signed leases at ONE DAYTONA, a 300,000-square-foot mixed-use town center across from the Daytona Motor Speedway being developed by International Speedway Corporation…
Warrendale, Pa. — Teen apparel retailer Rue21 filed Chapter 11 bankruptcy on Monday, May 15 with plans to reorganize and restructure its assets and debts.
Dearborn, Mich. — Ford Motor Co. has begun its Dearborn campus transformation with the groundbreaking of Wagner Place, a development featuring office and retail space.
New York City — Kimco Realty (NYSE: KIM) has signed its first round of retail leases at The Boulevard, a $180 million lifestyle center in the Staten Island borough of…
Paramus, N.J. — A joint venture between Advance Realty and Invesco Real Estate is set to break ground on a 40,000-square-foot retail redevelopment roughly 22 miles outside New York City…
Escondido, Calif. — Faris Lee Investments has arranged the $25 million sale of Gateway Center, an 89,625-square-foot shopping center located in Escondido.
Galveston, Texas — HFF has arranged the sale of Broadway Shopping Center, a 74,604-square-foot shopping center located in Galveston.
Dallas — Mexican restaurant Mesero and gym chain Orangetheory Fitness will both open locations within the next 12 months in Victory Park, a 75-acre, mixed-use development in downtown Dallas.
Oklahoma City — A joint venture between The Outlet Resource Group (TORG) and Singerman Real Estate has acquired The Outlet Shoppes at Oklahoma City, a 400,000-square-foot retail center located in…
Scottsdale, Ariz. — CBRE Group Inc. has arranged the $31 million sale of Scottsdale Towne Square, a 162,259-square-foot shopping center located in Arizona.
Mill Valley, Calif. — Mill Valley-based Four Corners Property Trust Inc. has acquired 16 properties occupied by Bob Evans Restaurants as part of a $35.1 million sale-leaseback transaction.
Cumming, Ga. — New Market Properties LLC, a subsidiary of Preferred Apartment Communities Inc., has acquired Castleberry-Southard, an 80,018-square-foot, grocery-anchored shopping center located in the Atlanta suburb of Cumming.
Orange Village, Ohio — HFF has secured $142 million in financing for the development of Pinecrest, a 650,000-square-foot mixed-use development located in the Cleveland suburb of Orange Village.
Chicago — Starbucks Coffee Co. has unveiled plans to open a Starbucks Reserve Roastery in Chicago in 2019.
Chicago — PCCP has provided a $36 million senior loan for the refinancing of Village Market, a 102,224-square-foot shopping center located in the Lakeshore East neighborhood of Chicago.
San Diego — Marcus & Millichap has arranged the $15 million sale of Rosecrans Shopping Center, a 43,108-square-foot retail center located in San Diego.
Fern Park, Fla. — HFF has arranged the $10 million sale of, and secured $7.4 million in acquisition financing for Main Street Square, a 108,509-square-foot shopping center located in the…
Pasadena, Spring and Alvin, Texas — Dirt Cheap, a Mississippi-based extreme value retailer, has signed leases at three locations in the greater Houston area.
Chicago — Vapiano has unveiled plans to open a 9,188-square-foot restaurant inside the AC Hotel Marriott in Chicago.
Palm Beach Gardens, Fla. — TH Real Estate, an affiliate of Nuveen (the investment management arm of TIAA), has acquired the Promenade Shopping Plaza, a 202,696-square-foot, grocery-anchored retail center in…
Brisbane, Calif. — Brisbane-based women’s retailer Bebe has announced it will close all 168 of its remaining stores.
Solana Beach, Calif. — CBRE has arranged the $33.3 million sale of BeackWalk, a 54,973-square-foot shopping center located in Solana Beach.
Pompano Beach, Fla. — Cushman & Wakefield has arranged the $30 million sale of Pompano Plaza, a 126,928-square-foot shopping center located roughly 36 miles north of Miami in Pompano Beach.
Glenview, Ill. — Mid-America Real Estate Corporation has arranged the sale of Glenbrook Market Place, a 60,575-square-foot shopping center located roughly 19 miles outside Chicago in Glenview.
Overland Park, Kan. — Lane4 Property Group has begun the demolition of the vacant Metcalf South Mall in Overland Park.
Bakersfield, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $2.65 million sale of a 1,850-square-foot Starbucks Coffee location in Bakersfield.
Houston and Dallas — Whitestone REIT (NYSE: WSR) has entered into separate purchase agreements to acquire BLVD Place in Houston and Eldorado Plaza in Dallas for a combined $204.6 million…
Chappaqua, N.Y. — A joint venture between The Grossman Companies and Summit Development is set to break ground on Chappaqua Crossing, a 120,000-square-foot shopping center located in Chappaqua, New York.
Harvey, La. — KeyBank Real Estate Capital has secured a $20.9 million CMBS loan for the acquisition of Centre at Westbank, a 174,445-square-foot retail power center in Harvey, less than…
Ocala, Fla. — Earth Fare has opened its newest store today at Shady Oaks Shopping Center, a 260,419-square-foot retail center located in Ocala.
Fairfield, Ohio — Cooper Commercial Investment Group has arranged the sale of a net leased Starbucks Coffee property in Fairfield, a suburb of Cincinnati, for $1.7 million.
Warrendale, Pa. — Teen clothing retailer rue21 is set to close about one-third of its stores nationwide as it shifts its focus to e-commerce.
Sugar Land, Texas —TriGate Capital, a Dallas-based real estate private equity firm, has purchased First Colony Commons, a 410,121-square-foot retail center in the Houston suburb of Sugar Land.
Orlando — Konover South LLC plans to build Landstar Marketplace, a 62,222-square-foot, grocery-anchored shopping center located at 13891 Landstar Blvd. in Orlando.
Houston — Colliers International Inc. has arranged the sale of a retail center located at 9335 Gulf Freeway in south Houston.
Miami Beach, Fla. — Brodson Construction has wrapped up construction on the expansion of Shake Shack on Lincoln Road in Miami Beach.
Winter Park, Fla. — Sterling Organization has signed four retailers to occupy space vacated by Kmart at Center of Winter Park, a 245,000-square-foot power retail center located at the southwest…
Boston — After more than three years of ownership, Shorenstein Properties has sold Center Plaza, a 741,200-square-foot mixed-use asset in downtown Boston.
Santa Clarita, Calif. — In an off-market transaction, Colliers International has negotiated the $69.5 million sale of Gateway Village Shopping Center in Santa Clarita.
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.
Seattle — Madison Marquette is set to begin the redevelopment of Pacific Place, a 339,000-square-foot retail center located in downtown Seattle.
Grand Rapids, Mich. — A&G Realty Partners has been tapped to manage the sale of 58 MC Sports leases in seven states across the Midwest following the Grand Rapids-based retailer’s…
Fairview Heights, Ill. — Acadia Strategic Opportunity Fund IV has acquired Lincoln Place in Fairview Heights near St. Louis for $35.4 million.
Menifee, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $9 million sale of a single-tenant, 17,185-square-foot Rite Aid located in Menifee, California.
Birmingham, Ala. — Bayer Properties celebrated the grand opening of The Pizitz on Friday, a $70 million mixed-use redevelopment located in Birmingham.
Hackensack, N.J. — The second phase of a three-phase renovation project has begun on The Shops at Riverside, a shopping mall located roughly 17 miles outside New York City in…
Kissimmee, Fla. — Pan American Cos. has broken ground on St. Cloud Commons, a 225,000-square-foot shopping center located roughly 22 miles south of Orlando in Kissimmee.
Cypress, Texas — An affiliate of United Equities Inc. has sold Fry-529 Retail Center, a 115,000-square-foot retail center located in Cypress, a northwestern suburb of Houston.
Schaumburg, Ill. — Quantum Real Estate Advisors Inc. has brokered the sale of the Shoppes at Prime Village in the Chicago suburb of Schaumburg for $2.3 million.
Springfield, Ore. — JLL has arranged the sale of Shoppes at Gateway, an 821,564-square-foot shopping center located in Springfield, Oregon.
Alpharetta, Ga. — North American Properties (NAP) will officially debut Phase II of the 86-acre Avalon mixed-use development in Alpharetta, which is dubbed Boulevard East, on Thursday, April 13.
Lafayette, La. — Berkadia has secured $18.7 million in financing for the River Ranch Retail portfolio, a set of 10 retail and dining properties anchored by The Fresh Market and…
St. Paul, Minn. — Gander Mountain Co. and its subsidiaries have filed for Chapter 11 bankruptcy protection.
Houston, Texas — HFF has arranged $65 million in interim financing for the 307,509-square-foot retail component of CityCentre, a mixed-use development in Houston.
Mount Prospect, Ill. — Adelphia Properties has arranged the $3.4 million sale of a two-tenant retail building located roughly 25 miles outside Chicago in Mount Prospect.
Hampton, Va. — Marcus & Millichap has arranged the $23.6 million sale of a nine-property 7-Eleven portfolio located in the Tidewater region of Virginia.
Richton Park, Ill. — The Philpsborn Co. has secured a $2.2 million refinancing for Sauk Trail Plaza, a 30,267-square-foot shopping center located roughly 30 miles south of Chicago in Richton…
Coral Springs, Fla. — CREC has arranged the $27.4 million sale of Turtle Crossing, a 99,174-square-foot shopping center located roughly 20 miles northwest of Fort Lauderdale in Coral Springs.
Chantilly, Va. — Regency Centers Corp. has broken ground on The Field at Commonwealth, a $44.5 million, 180,000-square-foot shopping center located in Chantilly, roughly 25 miles west of Washington, D.C.
Decatur, Ga. — Sprouts Farmers Market has opened its newest 30,000-square-foot store at 2551 Blackmon Drive in Decatur, a suburb of Atlanta in DeKalb County.
Lawrenceville, Ga. — SRS Real Estate Partners has arranged the $2 million sale of Springfield Shopping Center, a 19,706-square-foot retail center located in Lawrenceville, roughly 32 miles outside Atlanta.
Indianapolis — Electronics and home appliances retailer hhgregg’s Inc.’s decision last week to close 88 stores — or roughly 40 percent of its total outlets — and three distribution facilities over the…
Fargo, N.D. — Vanity Shop of Grand Forks Inc. is closing all 137 of its Vanity stores in 27 states.
Ann Arbor, Mich. — Brixmor Property Group (NYSE: BRX) has acquired Arborland Center, a 404,000-square-foot, grocery-anchored shopping center located in Ann Arbor, for $102 million.
Miami — MMG Equity Partners has purchased Kendall Corners, a 97,189-square-foot shopping center located on Kendall Drive in Miami, for $38.6 million.
Peachtree City, Ga. — Transwestern has arranged the sale of Kedron Village II, a 157,321-square-foot shopping center located roughly 30 miles outside Atlanta in Peachtree City.
Omaha, Neb. — Jasper Stone Partners has received preliminary governmental approval for Avenue One, a $1.2 billion mixed-use development in west Omaha.
East Greenbush, N.Y. — Nigro Companies has acquired Columbia Plaza, a 137,647-square-foot shopping center located roughly six miles outside Albany in East Greenbush, for $15.1 million.
Upland and Claremont, Calif. — GPI Cos. and LStar Communities have begun construction on a new 365 by Whole Foods Market located at Sycamore Hills Plaza, an 80,000-square-foot shopping center…
Tampa, Fla. — Weingarten Realty Investors has sold Palms of Carrollwood, a 167,887-square-foot retail center anchored by The Fresh Market in Tampa.
Brawley, Calif. — Duhs Commercial has arranged the $7.3 million sale of Rio Vista Plaza, a 68,000-square-foot shopping center located in Brawley.
Beachwood, Ohio — DDR Corp. has named David Lukes president and CEO.
Oak Brook, Ill. — A&G Realty Partners has formed a joint venture with leading grocery real estate executive Joe McKeska.
Chicago — Mid-America Real Estate Corp. has arranged the $53 million sale of Webster Place, a 134,918-square-foot shopping center located in the Lincoln Park neighborhood of Chicago.
Scottsdale, Ariz. — Stan Johnson Co. has arranged the $28 million sale of 14 restaurants in Central Florida leased to Ker’s WingHouse, now known as WingHouse Bar & Grill.
Pleasant Hill, Calif. — PSRS has secured a $15 million refinancing for Courtyard Shopping Center, an 85,000-square-foot retail center located roughly 25 miles outside San Francisco in Pleasant Hill.
Shreveport, La. — Transwestern has arranged the $9 million sale of East Side Plaza, a 78,761-square-foot shopping center located in Shreveport.
Plano, Texas — Plano-based J.C. Penney Co. Inc. has announced plans to close two distribution facilities and approximately 130-140 stores over the next few months.
Peachtree City, Ga. — The $9.5 billion MEPT Fund, along with its affiliated funds, has purchased Kedron Village II, a 157,185-square-foot shopping center located in Peachtree City, about 30 miles…
Reno, Nev. — Hanley Investment Group has arranged the $4.9 million sale of a 7,624-square-foot retail building located in Reno.
Foley, Ala. — White-Spunner Construction (WSC) and the Poarch Band of Creek Indians are underway on OWA, a $500 million entertainment and retail district in Foley, a town in south…
Lakeway, Texas — Stratus Properties Inc. has completed the sale of The Oaks at Lakeway, a 236,739-square-foot shopping center located roughly 22 miles outside Austin in Lakeway.
Houston, Texas — Lionstone Investments has sold Renaissance Center, a 97,279-square-foot shopping center located near the Texas Medical Center in Houston.
Tualatin, Ore. — NAI Elliott has arranged the $16.3 million sale of Martinazzi Square, a 51,060-square-foot shopping center located in Tualatin.
Flint, Mich. — Mid-America Real Estate Corp. has arranged the $14.2 million sale of Oak Brook Square, a 152,073-square-foot shopping center located in Flint.
Chattanooga, Tenn. — Colliers International has arranged the $4.4 million sale of Gunbarrel Place, a 38,250-square-foot shopping center located near Hamilton Place Mall in Chattanooga.
Cincinnati — Cincinnati-based Phillips Edison & Company has sold five shopping centers totaling 583,000 square feet to Albanese Cormier Holdings.
Atlanta — Restaurant Brands International Inc. (RBI) (NYSE: QSR) has agreed to acquire Atlanta-based Popeyes Louisiana Kitchen Inc. (NASDAQ: PLKI) for $1.8 billion.
Beverly Hills, Calif. — Sterling Organization has received $12.1 million in financing for the acquisition of a vacant 4,700-square-foot retail building located on North Beverly Drive in Beverly Hills.
New Brunswick, N.J. — Saxum Real Estate has purchased a vacant retail building, located at 37 Easton Ave. in Brunswick, for an undisclosed price.
Published 12 times per year, Shopping Center Business is the leading monthly and only business magazine for the shopping center industry, providing news and information on industry trends and issues. The magazine focuses…
North Bergen, N.J. — Cushman & Wakefield has arranged the $19 million sale of a shopping center located at 2819 JFK Blvd. in North Bergen, roughly 10 miles outside New…
Hoover, Ala. — Colliers International has arranged the $12 million sale of a 50,000-square-foot Field & Stream store located in the Birmingham suburb of Hoover.
Pooler, Ga. — L Star Communities, master developer of the 2,588-acre Savannah Quarters development in Pooler, has broken ground on a new Publix store.
Omaha, Neb. — The Lerner Co. has completed the retenanting of the vacant Kmart building at Eagle Run Shopping Center in Omaha.
Glen Burnie, Md. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the $18.4 million sale of Cromwell Field Shopping Center, a 233,486-square-foot retail property located…
Wayzata, Minn. — NorthMarq Capital has arranged a $7.2 million loan for the acquisition of a building leased to Walgreens in Wayzata, 13 miles west of Minneapolis.
Surprise and Glendale, Ariz. — Calgary, Alberta-based Triumph Real Estate Investment Fund has acquired two shopping centers in metro Phoenix for $7 million.
Reisterstown, Md. — Robyn Properties has acquired Reisterstown Village Shopping Center, a 21,685-square-foot retail property located in Reisterstown, roughly 25 miles outside Baltimore.
Santa Monica, Calif. — The first day of the third annual Entertainment Experience Evolution conference kicked off with a question: “Who ever thought we would have to sit here and…
Philadelphia — Philadelphia-based PREIT has proactively replaced Sears at three of its malls in Pennsylvania, Michigan and South Carolina.
Austin, Texas — The Travis County Commissioners Court has approved Blakefield LLC’s plans to develop Thomas Ranch, a 2,200-acre master-planned community off Highway 71 and Paleface Ranch Road in Western…
Monticello, N.Y. — A joint venture between Heidenberg Properties Group, Strategic Real Estate Partners and Norse Realty Group has acquired Thompson Square Shopping Center in Monticello.
Upland, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $17.2 million sale of Upland Village, a 60,857-square-foot shopping center located in Upland.
Las Vegas — Agora Realty and Management has acquired a 100,856-square-foot, Smart & Final-anchored shopping center located in Las Vegas for $10.3 million.
Aurora, Ill. — Adelphia Properties has negotiated the sale of a multi-tenant retail building in Aurora for $5.2 million.
Warrenville, Ill. — Quantum Real Estate Advisors Inc. has arranged the sale of Cantera Commons, a shopping center comprised of two multi-tenant buildings located roughly 30 miles outside Chicago in…
Chattanooga, Tenn. — Chattanooga-based CBL & Associates Properties Inc. has promoted Katie Reinsmidt to the position of CIO.
San Marcos, Calif. — HFF has secured a $92 million refinancing for Grand Plaza, a 356,796-square-foot power center located roughly 35 miles outside San Diego in San Marcos.
Southaven, Miss. — Conn’s HomePlus has sold Stateline Square, a 219,914-square-foot retail center located in the Memphis suburb of Southaven, Mississippi.
St. Cloud, Fla. — Kite Realty Group Trust has sold Publix at St. Cloud, a 78,779-square-foot shopping center located in the Orlando suburb of St. Cloud.
Oak Brook, Ill. — Samantha Spinell Schnell has joined IRC Retail Centers as director of leasing.
Banning, Calif. — Marinita Development Co. has broken ground on Phase II of Sun Lakes Village Shopping Center, a 95,000-square-foot shopping center located in Banning, California.
St. Peters, Mo. — Knoebel Construction Inc. has broken ground on the Shoppes at Mid Rivers in St. Peters.
Auburn, Ala. — Colliers International has arranged the $14.4 million sale of The Crossroads of Opelika, a 33,378-square-foot shopping center located in Auburn.
Pembroke Pines, Fla. — InvenTrust Properties Corp. has acquired Paraiso Parc and Westfork Plaza retail centers in Pembroke Pines for $163 million.
Philadelphia — HFF has secured permanent financing for the retail portion of Rodin Square, a 79,233-square-foot mixed-use development located in the City Center district of Philadelphia.
Oceanside, Calif. — Cushman & Wakefield has arranged the $14.2 million sale of Best Plaza, a 65,211-square-foot shopping center located roughly 38 miles outside San Diego in Oceanside.
Salt Lake City — CBL & Associates Properties Inc. has announced that Dillard’s will open a new store in the former Macy’s location at Layton Hills Mall in Salt Lake…
Easton, Pa. — Phillips Edison has acquired Palmer Town Centre, a shopping center located in Easton, for $32.3 million.
Elyria, Ohio — Integra Real Estate Capital has arranged a $17.5 million bridge loan for the acquisition of Midway Market Square in Elyria, located roughly 23 miles west of Cleveland.
Allen, Texas — Vestar has acquired Twin Creeks Marketplace, a grocery-anchored shopping center located in Allen, roughly 25 miles outside Dallas.
Atlanta — The Related Group has selected Balfour Beatty U.S. to construct a multi-level Whole Foods Market store in Midtown Atlanta.
Huntsville, Ala. — Topgolf has confirmed Huntsville as its second location in Alabama.
Tucson, Ariz. — Cushman & Wakefield has arranged the $4.2 million sale of a 3,616-square-foot Raising Cane’s restaurant located in Tucson.
Avon, Ohio — Marcus & Millichap has arranged the sale of Center Plaza in Avon, about 20 miles west of Cleveland, for $4.4 million.
Chattanooga, Tenn. — Chattanooga-based CBL & Associates Properties Inc. has closed on a sale-leaseback transaction for five Sears department stores and two Sears Auto Centers located at CBL-owned malls for…
Las Vegas — A joint venture between TH Real Estate and Fairbourne Partners has acquired Town Square, a 1.1 million-square-foot lifestyle center comprised of 26 buildings in Las Vegas.
Collinsville, Ill. — Integra Real Estate Capital has negotiated a $3.2 million non-recourse loan for the acquisition of Orchards Shopping Center in Collinsville, 15 miles east of St. Louis.
Dallas, Texas — Hanley Investment Group has arranged the sale of a 3,377-square-foot Just Brakes location in Dallas, Texas.
Atlanta — Batson-Cook Development Co. (BCDC) has formed a joint venture partnership with Regent Partners LLC to acquire a parcel in the Buckhead financial district of Atlanta and develop a…
Los Angeles — CBRE has arranged the $13.3 million sale of Silver Lake Collection, a 10,497-square-foot, street-front retail property located along Sunset Boulevard in the Silver Lake neighborhood of Los…
Casa Grande, Ariz. — Marcus & Millichap has arranged the $2 million sale of a 7,441-square-foot Olive Garden located in Casa Grande.
Glenview, Ill. — Baum Realty Group LLC has arranged the sale of a retail building in Glenview, a suburb of Chicago, for $1 million.
Owings Mills, Md. — Three new eateries are set to open at Foundry Row, a $140 million retail development located roughly 20 miles outside Baltimore in Owings Mills.
Jackson, Miss. — Jackson-based Newk’s Eatery has signed six new area development agreements that will add more than 40 restaurants to the brand’s regional footprint.
New York City — Following a turbulent year in 2016, the U.S. economy and property markets are positioned to perform well in 2017, according to Cushman & Wakefield’s U.S. Macro…
Livonia, Mich. — Schostak Brothers & Co. Inc., a metro Detroit-based real estate investment firm, has purchased a portfolio of six retail properties adjacent to Walmart Supercenters in Mississippi, Louisiana…
San Francisco — A partnership between Blatteis & Schnur and Morgan Stanley Real Estate Investing has acquired the 250,000-square-foot Macy’s Men’s Store located on Union Square in San Francisco for…
Columbus, Ohio — Limited Stores LLC, parent company of women's fashion apparel retailer The Limited, has filed for Chapter 11 bankruptcy protection.
Normal, Ill. — A joint venture between ALTO Real Estate Funds and M & J Wilkow Ltd. has acquired The Shoppes at College Hills and The Plaza at College Hills, a…
Bakersfield, Calif. — A joint venture between C & C Properties Inc. and MarkChris Investments has announced the redevelopment of East Hills Mall in Bakersfield, roughly 110 miles north of…
New York City — Forest City Realty Trust, in partnership with Madison International Realty, has completed the disposition of Shops at Bruckner Boulevard, a specialty retail center located in the…