Boca Raton, Fla. — Boca Raton, Fla.-based Office Depot Inc. (NASDAQ: ODP) announced Wednesday that the company plans to close an additional 300 stores over the next three years in an attempt to cut $250 million in costs by 2018.
Los Angeles — High Street Residential, in partnership with Principal Real Estate Investors and the Cesar Chavez Foundation, has broken ground on LA Plaza Village, a 425,000-square-foot mixed-use project located in downtown Los Angeles.
Renton and Milton, Wash. — CE Enterprise Partners LLC has acquired two single-tenant Albertsons grocery stores totaling 97,021 square feet in the Seattle suburbs of Renton and Milton for $16.3 million.
Charlotte, N.C. — BC Wood Properties has acquired Catawba Village, a 56,840-square-foot shopping center located in Charlotte.
Redding, Calif. — Marcus & Millichap has arranged the $13.6 million sale of a 94,418-square-foot Shopko located in Redding, California.
Dallas — Dallas-based The Dealey Group has tapped Jesse Tron as head of communications to run the company’s new practice for corporate communications and PR.
Lakewood, Calif. — Coldwell Banker Commercial Advisors has arranged the $6.2 million sale of The Plaza at Gordon Ranch, a 9,939-square-foot retail center located in the Los Angeles suburb of Lakewood.
Minneapolis — A joint venture between CA Residential LLC and Harlem Irving Cos. has broken ground on RISE at Prospect Park, a 530,842-square-foot, mixed-use development located in Minneapolis.
Lynden, Wash. — Capital Pacific has arranged the $19.3 million sale of The Marketplace at Lynden, a 70,442-square-foot shopping center located in Lynden.
Waycross, Ga. — Avison Young has arranged the $6.8 million sale of The Mall at Waycross, a 380,982-square-foot regional mall located in Waycross, Georgia.