Expansion was in the air at the MAPIC conference in Cannes, held November 17-20.
Phoenix — Kimco Realty Corp. has acquired Christown Spectrum, an 850,000-square-foot destination power center located in Phoenix, for $115.3 million.
Henderson, Nev. — GK Development Inc. has acquired Lake Mead Crossing, a 407,000-square-foot shopping center located in Henderson, for $42.75 million.
New York City — Eastern Consolidated has arranged the sale of a block-front development site located at 286-298 and 300-306 Wythe Ave. in the Williamsburg section of Brooklyn.
Santa Monica, Calif. — Sands Investment Group has arranged the sale of a portfolio of three grocery stores located in Grove, Jenks and Bixby, Oklahoma, for $28.6 million.
Clearwater, Fla. — An affiliate of North American Development Group has acquired Courtyard at Countryside, a retail center located in Clearwater, Florida, for $25.5 million.
Hamilton Township, N.J. — Houlihan-Parnes Realtors has arranged an $8 million supplemental loan for Independence Plaza Shopping Center in Hamilton Township.
West Chester, Ohio — West Chester-based North Ridge Realty Group has hired Stacy Felchner as Commercial Specialist.
Redlands, Calif. — Majestic Realty Retail, a division of Majestic Realty Co., has announced the grand opening of Mountain Grove at Citrus Plaza, a 67-acre retail and entertainment shopping center in Redlands.
Waynesville, N.C. — Yale Realty Services Corp. has purchased Waynesville Commons, a 126,901-square-foot shopping center in Waynesville, roughly 30 miles west of Asheville.