Los Angeles — Starting in March, the historic Century Plaza Hotel in Los Angeles will temporarily close to make way for a $2.5 billion redevelopment of the hotel and surrounding area.
Colorado Springs, Colo. — Marcus & Millichap has arranged the $35 million sale of Woodmen Commons, a 156,010-square-foot regional power center in Colorado Springs.
Forest Hill, Md. — HFF has arranged the sale of Bel Air North Village, a 56,644-square-foot CVS/pharmacy and community bank-anchored retail center located in the Baltimore suburb of Forest Hill.
Oak Brook, Ill. — Oak Brook-based InvenTrust Properties Corp. has acquired two open-air shopping centers located in Florida and Texas for a combined $69.8 million.
Mission Viejo, Calif. — NorthMarq capital has arranged $9.8 million in acquisition financing for Los Alisos Village, a 31,401-square-foot retail center located in Mission Viejo.
Panorama City, Calif. — Primestor Development Inc. has acquired Panorama Mall, a 315,000-square-foot retail center located in Panorama City, from Macerich Co. in an off-market transaction valued at approximately $100 million.