Cincinnati — Cincinnati-based Phillips Edison Grocery Center REIT II Inc. has acquired six grocery-anchored shopping centers totaling more than 650,000 square feet in California, Wisconsin and Florida.
San Marcos — NorthMarq Capital has arranged the $42 million refinance of Nordahl Marketplace, a 304,801-square-foot retail property located in San Marcos.
Los Angeles — Avison Young has completed three retail leases within Level DTLA, a 303-unit corporate housing tower in the financial district of downtown Los Angeles.
Auburn, Calif. — Envoy Net Lease Partners LLC has financed a first mortgage bridge loan for a 5,500-square-foot, single-tenant net lease Denny’s restaurant in Auburn, California.
San Ramon, Calif. — San Ramon-based Vitality Bowls, a superfood café, is set to open three new locations in Colorado and California.
Rancho Cucamonga, Calif. — Rancho Cucamonga-based Progressive Real Estate Partners has arranged the sale of two single-tenant properties in Riverside County in Southern California’s Inland Empire market for a total of $6.9 million.
Los Angeles — AvalonBay has purchased a 5.8-acre land parcel in Hollywood for more than $100 million.
Los Angeles — NorthMarq Capital has arranged $22.5 million in acquisition bridge financing for a 60 percent occupied, 100,000-square-foot infill retail center located in Los Angeles. The non-recourse transaction arranged by Joe Giordani of NorthMarq’s Newport Beach office had an 80 percent loan-to-cost ratio and was structured with a two-year interest only term. Tenants at the center include 99 Cents, AutoZone and Starbucks Coffee.
Palo Alto, Calif. — Simon is set to complete the reimagined public space at Stanford Shopping Center, a mall located in Palo Alto, and add 14 new tenants to open in spring 2016.
Rialto, Calif. — Pieology is set to open a new location at Rialto Marketplace, a new development anchored by Walmart in Rialto.