San Diego — San Diego-based Mike’s Red Tacos is planning to open more than 200 new locations across the country. A team of restaurant industry leaders, along with the original Mike’s Red Tacos founder Mike Touma, have secured development agreements with franchisees from Dave’s Hot Chicken, Jersey Mike’s, Blaze Pizza, Dunkin’, Little Caesars, Carl’s Jr. and Wetzel’s Pretzels. Company president and restaurant industry executive Vincent Montanelli is leading the expansion, while Bill Phelps and Andrew Feghali will support the concepts as early-stage investors and advisors. The 200-plus locations now in …
News
Pyramid Management Receives Financing to Maintain Ownership of Walden Galleria Mall in Buffalo, New York
Buffalo, N.Y. — Syracuse, New York-based Pyramid Management Group has received financing for Walden Galleria Mall, a 1.6 million-square-foot shopping center located in the Buffalo suburb of Cheektowaga. The new five-year loan, which replaces the property’s existing debt, was put in place in partnerships with lenders that include global asset manager Cross Ocean Partners and impact investment firm Second Horizon Capital. UBS served as financial advisor on behalf of Pyramid. In 2025, Pyramid defaulted on a roughly $220 million loan for the mall, in which Wells Fargo Bank filed a …
Legacy Realty Group Arranges Sale of Whistle Stop Square Near Rockingham, North Carolina
Hamlet, N.C. — Legacy Realty Group Advisors has arranged the sale of Whistle Stop Square, a 40,120-square-foot, grocery-anchored shopping center located in Hamlet, roughly six miles southeast of the Rockingham. Tenants at the center include Food Lion, Mr. Furniture Outlet, K&D Nails, King Gourmet and Mo’s Tobacco & Vapor, according to Showcase. Jacob Baruch and Jonah Warshaw of Legacy Realty Group Advisors represented the buyer, while David Zipparo of Avison Young represented the seller in the off-market transaction.
Atlanta — Commercial real estate firm CP Group has announced plans to reopen the 1.2 million-square-foot former CNN Center in downtown Atlanta this year. CP Group has repositioned the property as The Center (CTR), which is projected to open in May. The firm acquired the building from AT&T in 2021 and first announced the rebranding in 2024. CNN began moving back to its Turner Techwood campus in Midtown Atlanta in 2023. Changes at the development include a new, 12-concept dining space, dubbed CTR Food Works. Situated in the central atrium, …
Texas — International coffee concept Black Sheep Coffee has signed a franchise agreement to develop 20 new units across the Dallas-Fort Worth (DFW) metroplex. The agreement will bring 20 additional locations to the DFW region over the next five years, with planned sites across Richland Hills, Bedford, Garland, Rowlett, Mobile City, Sunnyvale, Richardson and Sachse. The expansion builds on Black Sheep Coffee’s footprint in North Texas, where the brand currently operates cafés along Preston Road and East Mockingbird Lane, as well as the Grapevine area. Founded in 2013 by college roommates …
Indian Trail, N.C. — CenterSquare has acquired Shoppes at Indian Trail, a 33,129-square-foot retail property located in Indian Trail, approximately 15 miles southeast of Charlotte. The center was fully leased at the time of sale to 15 tenants including The UPS Store, Tropical Smoothie Café, Firehouse Subs and Sports Clips. This transaction marks CenterSquare’s ninth acquisition in North Carolina.
Santa Clara, Calif. — First Washington Realty has acquired Mission Park Marketplace, a 23,204-square-foot retail strip center located in Santa Clara. Built in 2019 on 5 acres, Mission Park Marketplace spans five buildings and features a mix of tenants including Mendocino Farms, Starbucks Coffee, The Habit Burger Grill, Boichik Bagels, Teriyaki Madness and Orangetheory Fitness.
Atlanta — RPB Management Group will open 207 Peachtree, a 45,000-square-foot entertainment, dining and event venue located in downtown Atlanta. Set to debut this spring, the reimagined 1920s building will include American Dive, a dive bar with live music and arcade games; Peachtree Sporting Club, an experiential sports bar featuring seven sports simulator bays and a 20-foot panoramic TV wall; Aire, a rooftop lounge with an indoor-outdoor space; and a 10,000-square-foot event space that can accommodate more than 300 guests. Red Phone Booth, a speakeasy lounge and bar, and Amalfi Cucina …
New York City — Since declaring Chapter 11 bankruptcy last month, Saks Global Enterprises will close eight Saks Fifth Avenue stores, as well as one Neiman Marcus store. No changes are planned for the Bergdorf Goodman operational footprint. Saks Global is changing the Saks Fifth Avenue and Neiman Marcus store locations to focus on profitable stores with the highest growth potential. “Go-forward locations” are being determined as part of the company’s ongoing operational plan, which is based on performance and lease economics, among other things. The eight Saks Fifth Avenue locations …
Merus Acquires RiverGate Mall in Metro Nashville, Plans $450 Million Mixed-Use Redevelopment
Goodlettsville, Tenn. — Merus, a design-build firm that was formerly known as Al. Neyer, has purchased RiverGate Mall, an enclosed shopping mall located at 1000 Rivergate Parkway in Goodlettsville that opened in 1971. The Cincinnati-based firm is planning to transform the 57-acre site on the northern outskirts of Nashville into a $450 million mixed-use district. Merus plans to demolish the mall this spring. In its place, the firm will develop 700 multifamily units, 100 townhomes, 80 independent seniors housing units, more than 130,000 square feet of retail and dining space and …