Birmingham, Ala. — Bayer Properties is set to begin a $66 million renovation of the historic Pizitz building in Birmingham.
Montgomery, Ala. — New York Life Real Estate Investors has provided a $58 million loan on behalf of institutional investors for The Shoppes at EastChase in Montgomery.
Huntsville, Ala. — RCP Cos. has opened Phase I of The Shops at Merchants Walk, a 90,000-square-foot retail center in Huntsville.
Huntsville, Ala. — RCP Cos. is set to break ground on CityCentre at Big Spring, a $100 million mixed-use development located in Huntsville’s central business district.
Hoover, Ala. — American Realty Capital-Retail Centers of America I & II and Lincoln Property Co. have acquired Patton Creek, a 512,871-square-foot open-air retail center located in Hoover, for $83.5 million.
Gulf Shores, Ala. — Atlanta-based RCG Ventures has acquired Pelican Place at Craft Farms, a 229,911-square-foot shopping center located in Gulf Shores, for $18.5 million.
Huntsville, Ala. — Huntsville-based Coldwell Banker Commercial McLain Real Estate has arranged the sale of a nine-property portfolio of retail centers, office buildings and special-use buildings located in Tennessee and Alabama for $19.6 million.
Atlanta — Atlanta-based RCG Ventures Fund III has acquired three shopping centers located in Alabama, New York and Missouri.
Atlanta — Atlanta-based RCG Ventures has acquired three shopping centers in Tennessee, Alabama and Michigan.
Mobile, Ala. — Rouse Properties Inc. will begin a redevelopment of The Shoppes at Bel Air in Mobile.