San Jose, Calif. — PCCP LLC has provided a $48.5 million senior loan to Dollinger Properties for the development of Sprouts @ Brokaw, a 143,000-square-foot shopping center to be anchored by Sprouts Farmers Market in San Jose.
Finance
Newark, Calif. —Rouse Properties Inc. (NYSE: RSE), a retail REIT based in New York, has closed a new $135 million first mortgage loan for NewPark Mall, a 1 million-square-foot retail property located in Newark, roughly 25 miles south of Oakland in San Francisco’s East Bay market.