Houma, La. — Chase Properties Ltd. has purchased Magnolia Square, a 242,000-square-foot shopping center located in Houma, 60 miles southwest of New Orleans.
Southern California — Federal Realty Investment Trust has formed a joint venture with Primestor Development Inc. to acquire seven retail properties in Southern California.
Terrell, Texas — Schulman Theatres will develop Film Alley Movie Entertainment Center, a 74,000-square-foot facility that will be located at the corner of Interstate 20 and FM 148 in Terrell, a city approximately 30 miles east of Dallas.
Bakersfield, Calif. — CBRE in conjunction with the National Retail Partners-West (NRP-West) team has brokered the sale of Riverlakes Village, a grocery-anchored shopping center in Bakersfield.
Los Angeles — Westwood Financial, a shopping center investment firm based in Los Angeles, has received $171 million in financing in two separate loan transactions.
Honolulu, Hawaii — Colliers International has arranged the $42.3 million sale of a flagship Walgreens store located across from Ala Moana Center in Honolulu, Hawaii.
Gaines Township, Mich. — Mid-America Real Estate Corp. has arranged the sale of Gaines Marketplace, a 60,576-square-foot shopping center located in the Grand Rapids suburb of Gaines Township, Michigan.
Phoenix — Cushman & Wakefield has arranged the sale of Camelback Center, a 32,963-square-foot shopping center located in Phoenix.
Phoenix — Harbert Management Corp. has acquired an ownership stake in High Street, a 628,000-square-foot mixed-use development located in Phoenix. Although the sale price was not disclosed, the buyer received a $93.5 million acquisition loan to fund the transaction.
Brookhaven, Pa. — Katz Properties has completed the disposition of Brookhaven Shopping Center, a 211,758-square-foot retail center located 15 miles outside Philadelphia in Brookhaven.