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 Salt Lake City.
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 retail space.
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 Sarasota.