Des Plaines, Ill. — Associated Bank has completed a $19.3 million loan for the land acquisition and construction of a Mariano’s Fresh Market grocery store in Des Plaines, approximately 20 miles northwest of Chicago.
Pleasanton, Calif. — HFF has arranged equity and debt capital in excess of $50 million for Pacific Pearl Shopping Center, a shopping center under development in Pleasanton.
New York City — New York City Economic Development Corp. (NYCEDC) and Bedford Courts LLC, a joint venture between BFC Partners and Slate Property Group, have unveiled plans for a 500,000-square-foot mixed-use development at the Bedford Union Armory in Brooklyn’s Crown Heights neighborhood.
San Diego — San Diego-based Zephyr has sold The Block, a 60,000-square-foot mixed-use site currently under development on Broadway in San Diego, to Vancouver, Canada-based Bosa Development.
Georgetown, Texas — Hillwood Communities has begun construction on Wolf Ranch, a $700 million mixed-use development in the Austin suburb of Georgetown.
Sugar Land, Texas — Alamo Drafthouse Cinema will open a new location in the Imperial Market development located in Sugar Land known as Alamo Drafthouse Cinema at Imperial Market.
Stuart, Fla. — Konover South LLC plans to develop Stuart Landings, a 30,587-square-foot shopping center located at 3801 S.E. Federal Highway in Stuart.
Los Angeles — Starting in March, the historic Century Plaza Hotel in Los Angeles will temporarily close to make way for a $2.5 billion redevelopment of the hotel and surrounding area.
Gainesville, Fla. — Butler North, a 754,000-square-foot addition to Butler Plaza in Gainesville, is 77 percent leased with an additional 17 percent in negotiation.
Murfreesboro, Tenn. — GBT Realty Corp. plans to develop The Shoppes of Northgate, a $16 million shopping center located along Memorial Boulevard in Murfreesboro.