Albuquerque, N.M. — Q10 Realty Mortgage & Investment Co. has arranged $2.5 million in financing for Alameda Retail Center, a 16,391-square-foot shopping center located in Albuquerque.
Bloomfield Hills, Mich. — Bloomfield Hills-based Agree Realty Corp. has promoted Laith Hermiz to chief operating officer and has named Daniel Ravid chief administrative officer and treasurer.
Allentown, Pa. — The Waterfront Development Co. has broken ground on a $400 million mixed-use development along the western banks of the Lehigh River in Allentown.
Montgomery, Ala. — New York Life Real Estate Investors has provided a $58 million loan on behalf of institutional investors for The Shoppes at EastChase in Montgomery.
New Orleans — Holliday Fenoglio Fowler (HFF) has secured a $27.7 million loan for Algiers Plaza, a recently renovated 236,389-square-foot, Winn-Dixie anchored shopping center in New Orleans.
Stockbridge, Ga. — Franklin Street has arranged the $2.45 million sale of Eagle Village, a 21,800-square-foot shopping center located in Stockbridge.
Jacksonville, Fla. — Jacksonville-based Regency Centers Corp. has announced the reorganization of its senior executive management team effective January 1, 2016.
Cincinnati and Milwaukee — The Kroger Co. (NYSE: KR) and Roundy’s Inc. (NYSE: RNDY) have announced a definitive merger agreement under which Kroger will purchase all outstanding shares of Roundy’s for $3.60 per share in cash.
Huntsville, Ala. — RCP Cos. has opened Phase I of The Shops at Merchants Walk, a 90,000-square-foot retail center in Huntsville.
Prussia, Penn. —JBGR Retail’s King of Prussia Town Center, a 400,000-square-foot lifestyle center located near King of Prussia Mall, is 70 percent leased and set to open in summer 2016.