Sparks, Nev. — Shopoff Realty Investments has acquired Iron Horse Shopping Center, a 186,000-square-foot retail center located in the Reno suburb of Sparks.
Poway, Calif. — The Heritage Group has arranged the $6 million sale of Old Poway Village, a 27,453-square-foot retail and office property located in Poway.
East Rutherford, N.J. — Century 21 Department Store is set to open a nearly 60,000-square-foot store at American Dream, a 3 million-square-foot retail center currently being developed by The Triple Five Group of Cos. in East Rutherford.
Englewood, Colo. — Facing stiff competition on the retail playing field, particularly online, Englewood-based Sports Authority Inc. announced today that it has filed for Chapter 11 bankruptcy protection.
Miami — Construction has begun on Miami Worldcenter, one of the largest urban mixed-use projects in the country, and its signature residential tower, Paramount Miami Worldcenter.
Council Bluffs, Iowa — NorthMarq Capital has arranged the $3.4 million refinance of Lake Manawa Centre in Council Bluffs.
New Orleans — O’Connor Capital Partners, a New York-based real estate investment and management firm, has acquired The Shops at Canal Place, a 260,000-square-foot shopping center located at the foot of Canal Street and the Mississippi River in New Orleans.
Cincinnati — Cincinnati-based Phillips Edison Grocery Center REIT II has acquired four grocery-anchored shopping centers totaling 305,422 square feet in Colorado, Florida and California.
Kennesaw, Ga. — Preferred Apartment Communities Inc., through its wholly owned subsidiary New Market Properties LLC, has acquired Wade Green Village in Kennesaw, roughly 25 miles outside of Atlanta.
Lakewood, Colo. — Kensington Real Estate Group has sold Fairfield Commons, a 144,000-square-foot shopping center located in Lakewood, to an affiliate of Phillips Edison Group for $34.28 million.