Laguna Beach, Calif. — Marcus & Millichap has arranged the $19.7 million sale of a 34,478-square-foot Gelson’s Market located along the Pacific Coast Highway in Laguna Beach.
City of Live Oak, Texas — IKEA has submitted plans to the City of Live Oak for the development of a new store, which will be the company’s fifth location in Texas.
Charlotte, N.C. — The Retail Brokers Networks (RBN), one of the nation’s largest retail real estate networking groups, has announced the formation of a new executive committee to help facilitate the company’s ongoing operations.
Hanover, Mass. — PECO Real Estate Partners has acquired The Hanover Mall, a 732,101-square-foot enclosed regional mall located roughly 25 miles outside Boston in Hanover, from CW Capital.
Miami, Fla. — Cushman & Wakefield has arranged the $11.4 million sale of Plaza 8, a 53,428-square-foot mixed-use center located in Miami.
Norton, Va. And Siler City, N.C. — Big V Capital LLC has acquired a two-property retail portfolio located in Virginia and North Carolina for $4 million.
Lino Lakes, Minn. — Marcus & Millichap has arranged the $3.2 million sale of Lino Lakes Marketplace in Lino Lakes, a northern suburb of the Twin Cities.
West Chester, Ohio — Scott Street Properties has broken ground on a retail development about 25 miles north of Cincinnati in West Chester.
Sacramento, Calif. — CBRE has arranged the $42.1 million sale of Southgate Plaza, a 339,369-square-foot shopping center located in Sacramento, to NewMark Merrill Cos. LLC.
Denton, Texas — HFF has secured $32.5 million in acquisition financing for Rayzor Ranch Marketplace, a 641,000-square-foot retail power center located in the Dallas-Fort Worth area community of Denton.