Durham, N.C. — CBL & Associates Properties Inc., and its 50/50 joint venture partner, has agreed to sell Renaissance Center, a 363,000-square-foot community shopping center located in Durham, for $129.2 million.
Las Vegas — Sterling Organization has acquired Smith’s Shopping Center, a 108,731-square-foot grocery-anchored retail plaza located in Las Vegas, for $20 million.
Kennebunk, Maine — Marcus & Millichap has arranged the $10 million sale of a 13,225-square-foot CVS/pharmacy in Kennebunk, Maine.
New York City — New York City-based Modell’s Sporting Goods has acquired three City Sports locations ranging from 7,500-9,000 square feet in Philadelphia, Boston and Washington, D.C.
Pleasanton, Calif. — HFF has arranged equity and debt capital in excess of $50 million for Pacific Pearl Shopping Center, a shopping center under development in Pleasanton.
Santa Barbara, Calif. — Lee & Associates has arranged the over $15 million sale of a 48,813-square-foot Saks Off 5th Avenue building located in downtown Santa Barbara.
Dallas — Westfield Corp. has sold five regional malls to a partnership of Dallas-based Centennial Real Estate Company, Montgomery Street Partners and USAA Real Estate for $1.1 billion.
Leawood, Kan. — AMC Entertainment Holdings Inc. (NYSE: AMC), a movie theater chain based in Leawood, has completed its acquisition of Starplex Cinemas for approximately $175 million.
Indianapolis — Colliers International has arranged the $6.5 million sale of Pyramid Place Shops, a 51,974-square-foot retail center in Indianapolis.
New York City — New York City Economic Development Corp. (NYCEDC) and Bedford Courts LLC, a joint venture between BFC Partners and Slate Property Group, have unveiled plans for a 500,000-square-foot mixed-use development at the Bedford Union Armory in Brooklyn’s Crown Heights neighborhood.