Author

Katie Sloan

Laemmle Theatres Completes Sale-Leaseback of its Pasadena, California Location

by Katie Sloan February 1, 2021

Pasadena, Calif. — Laemmle Theatres, a Los Angeles-based art-house cinema chain, has completed the sale-leaseback of Laemmle Playhouse 7 in Pasadena. Arash Danialifar of Los Angeles-based GD Realty Group acquired the property from Laemmle Theaters. The acquisition price was not released. The 22,897-square-foot property is located at 673 E. Colorado Blvd. in Old Pasadena in the Playhouse District. The Laemmel Playhouse 7 is available for auditorium rentals for private and public screenings or full-week engagements, and offers feature films, documentaries and shorts for viewing. Matthew May of May Realty Advisors represented the seller, while …

February 1, 2021

Company news New York News

U.S. Division of L’Occitane Files for Chapter 11 Bankruptcy Protection, Plans Store Closures

by Katie Sloan January 29, 2021

New York City — The U.S. arm of beauty retailer L’Occitane en Provence has filed for Chapter 11 bankruptcy protection and announced plans to close several stores in an effort to optimize the company’s 166-location U.S. footprint. At least 23 stores are being targeted for closure in the U.S. and the company is taking a closer look at its other leases in hopes of better positioning L’Occitane for success over the next few years, according to reports by the New York Business Journal. Stores are set to remain open through the …

January 29, 2021

Investment sales News Oklahoma

Stan Johnson Brokers $68.4 Million Sale of 27-Property Single-Tenant Retail Portfolio

by Katie Sloan January 29, 2021

Tulsa, Okla. — Stan Johnson Co. has brokered the $68.4 million sale of a 27-property, single-tenant retail portfolio located across 18 states. The 340,000-square-foot portfolio includes properties ranging from 5,100 square feet to 23,500 square feet. The buildings are leased to tenants including dollar stores, discount retailers, automotive suppliers, farm stores and home improvement retailers. Zach Harris, Jeff Hughes and Melissa McKenzie of Tulsa, Oklahoma-based Stan Johnson represented the seller, a Midwest-based private family office, in the disposition of the properties to an undisclosed institutional investor.

January 29, 2021

California Investment sales News

Progressive Real Estate Partners Negotiates $2.8 Million Sale of Shops at Fontana Square in Southern California

by Katie Sloan January 28, 2021

Fontana, Calif. — Progressive Real Estate Partners has arranged the sale of Shops at Fontana Square, an unanchored multi-tenant retail center in Fontana. A private Arizona-based investor sold the asset to a private Southern California-based investor for $2.8 million. Located at 17218 Foothill Blvd., the 7,194-square-foot shopping center was built in 2008. At the time of sale, the property was fully occupied with a stable mix of seven internet-resistant services. Greg Bedell and Mike Lin of Progressive Real Estate Partners represented the seller, while Dolly Yau of Dollly Realty represented the buyer in the …

January 28, 2021

Investment sales News North Carolina

Broad Reach Retail Partners Acquires Avent Ferry Shopping Center in Raleigh for $15.8 Million

by Katie Sloan January 28, 2021

Raleigh, N.C. — Broad Reach Retail Partners LLC, a value-add owner and operator of retail centers, has acquired Avent Ferry Shopping Center in Raleigh. The sales price and seller were not disclosed, but Triangle Business Journal reports Weingarten Realty Investors sold the asset for $15.8 million after nearly 20 years of ownership. Anchored by Food Lion, the 119,652-square-foot shopping center is located within walking distance to North Carolina State University and just three miles from downtown Raleigh. Avent Ferry was 87 percent leased at the time of sale to tenants such …

January 28, 2021

Indiana Investment sales News

SRS Brokers $3.1 Million Sale of 13,043-Square-Foot Retail Property in Metro Indianapolis

by Katie Sloan January 28, 2021

Westfield, Ind. — SRS Real Estate Partners has arranged the $3.1 million sale of Carey Road Center, a 13,043-square-foot multi-tenant retail property located 23 miles outside Indianapolis in Westfield. Built in 2007 and situated on 1.86 acres, the center is fully leased to four tenants including Anytime Fitness and Little Caesars Pizza. Michael Carter and Frank Rogers of SRS represented the seller, a private developer based in Indianapolis, in the disposition of the property to a private 1031 exchange investor also based in Indianapolis. Dylan Mallory of Hanley Investment Group …

January 28, 2021

Colorado Investment sales News

Pinnacle Negotiates $2.6 Million Sale of Retail Building in Castle Rock, Colorado

by Katie Sloan January 28, 2021

Castle Rock, Colo. — Pinnacle Real Estate Advisors has arranged the sale of a retail property located at 970 Park St. in Castle Rock. The building traded hands for $2.6 million. Located on a corner lot, the 11,143-square-foot property is situated on a lighted interchange and offers flexible zoning allowing for multiple uses. The building was constructed in 2005. Robert Lawson and Jamie Mitchell of Pinnacle Real Estate Advisors represented the undisclosed seller in the deal. The name of the buyer was not released.

January 28, 2021

Development Leasing Michigan News

Saucy Brew Works to Open Brewpub, Coffeehouse in Detroit’s Brush Park

by Katie Sloan January 27, 2021

Detroit — Saucy Brew Works will open a new brewpub and coffeehouse in Detroit’s Brush Park neighborhood. The opening is slated for March 3. The 5,700-square-foot space will be the first restaurant within Bedrock’s City Modern apartment development. Guests will enjoy a variety of beers and specialty coffees in addition to food offerings such as appetizers, sandwiches, wings and pizza. In response to COVID-19, Saucy Brew Works will provide hand sanitizer, masks, six-foot table distancing and floor markers for spacing. Residents of City Modern will receive a 20 percent discount. This …

January 27, 2021

Development Maryland News

Weller Development to Break Ground on Next Phase of Port Covington in Baltimore

by Katie Sloan January 26, 2021

Baltimore — Weller Development Co. plans to break ground on what it calls Chapter 1B of Port Covington in Baltimore in February. The development team, which also includes Goldman Sachs and Sagamore Ventures, received $650 million in financing for this phase, including $137 million in tax increment financing (TIF) bonds. In conjunction with the closings, the Port Covington development team funded more than $9 million to the South Baltimore 7 Coalition as part of its Community Benefits Agreement (CBA), which is the largest CBA payout in the history of Baltimore. The latest …

January 26, 2021

Development News Texas

Reger Holdings to Develop 425-Acre EastVillage Mixed-Use Project in Austin

by Katie Sloan January 26, 2021

Austin, Texas — Buffalo-based Reger Holdings will develop EastVillage, a 425-acre mixed-use project that will be located along the Parmer Lane tech corridor in northeast Austin. Both the Austin American-Statesman and Community Impact Newspaper put the value of the project at approximately $1 billion. Current plans call for approximately 800,000 square feet of office space, 300,000 square feet of retail and restaurant space, three hotels totaling 390 rooms, 2,000 multifamily units, an active adult community and a 150-acre nature preserve. The centerpiece of the development will be a 1.5-acre village green …

January 26, 2021

Newer Posts

Older Posts