Manassas, Va. — Finmarc Management Inc. has purchased Festival at Manassas, a 117,000-square-foot shopping center located in Manassas, from Katz Properties for $20 million.
Seattle — Online retail giant Amazon (NASDAQ: AMZN) has agreed to acquire luxury grocery chain Whole Foods Market Inc. (NASDAQ: WFM) for $13.7 billion.
Bentonville, Ark. — Walmart (NYSE: WMT) has agreed to acquire online apparel retailer Bonobos Inc. for approximately $310 million in cash.
Boston — Cottonwood Management, a private real estate management and development firm based in Los Angeles, has started construction of Echelon Seaport, a three-tower, $900 million mixed-use development in Boston’s Seaport district.
DDR, Madison International Realty Close $1.05 Billion Recapitalization of DDR Domestic Retail Fund I
Beachwood, Ohio — Beachwood-based DDR Corp. and an affiliate of Madison International Realty have closed the $1.05 billion recapitalization of a joint venture with 52 shopping centers previously owned by DDR and various partners through the DDR Domestic Retail Fund I.
El Segundo, Calif. — HFF has arranged a $125 million refinancing for Plaza El Segundo, a 380,558-square-foot shopping center located roughly 20 miles outside Los Angeles in El Segundo.
Las Vegas — Golden Entertainment Inc. (NASDAQ: GDEN) has agreed to acquire American Casino & Entertainment Properties LLC, which owns four gaming and entertainment properties in Nevada, for $850 million.
Sparks, Nev. — RCG Ventures has acquired Sparks Crossing, a 335,981-square-foot shopping center located roughly four miles outside Reno in Sparks, for $40.2 million.
Franklin, Tenn. — Crescent Communities has unveiled plans for Bigby, a mixed-use development in Nashville’s Cool Springs submarket.
Goodyear, Ariz. — Sterling Organization has acquired Palm Valley Marketplace, a 107,633-square-foot shopping center located roughly 16 miles outside Phoenix in Goodyear.