Palm Springs, Calif. — La Jolla-based development company Ramsey Real Estate Group has sold The Shops at Palm Springs Marketplace in Palm Springs for $3.15 million. Harcourts & Freeman represented the buyer, Huntington Beach Partnership.
GLENDALE, COLO. — The city of Glendale has unveiled plans for a $175 million, 42-acre mixed-use development five miles southeast of downtown Denver to be named Glendale 180.
Columbus, Ga. — CBRE’s Atlanta office has finalized the sale of St. Francis Marketplace Shopping Center in Columbus. Craig Taylor, senior vice president within CBRE’s investment properties retail group, represented Ziff Properties of Charleston, S.C., in the purchase of the property from Woodruff Real Estate.
DALLAS — Dallas-based Legendary Restaurant Brands, the parent company of several restaurant chains including Bennigan’s, has signed a master development agreement to bring up to 100 new restaurants to California.
Glen Mills, Pa. — Commercial real estate lender Holliday Fenoglio Fowler (HFF) has arranged $60 million in financing for Concordville Town Centre, a 397,188-square-foot, Home Depot- and Acme Markets-anchored retail center in Glen Mills, a Philadelphia suburb.
Niles, Ill. — The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant trophy Walmart ground lease located at 5630 West Touhy Avenue in Niles for $9.69 million. The property was sold at the lowest cap rate ever recorded for a single-tenant Walmart property transaction above $5 million, according to Real Capital Analytics.
Chattanooga, Tenn. — CBL & Associates Properties Inc. (NYSE:CBL), an owner and developer of malls and shopping centers, has added Monique Berke to its team as vice president of business transformation. Berke will be responsible for overseeing project teams and implementation of the company’s business and technology initiatives.
Sevierville, Tenn. — Casual dining franchise Quaker Steak & Lube has signed a franchise development agreement with Tri C Inc. to bring the brand to Tennessee by developing a new restaurant in the Sevierville/Pigeon Forge area.
Tampa, Fla. — Chicken Salad Chick will open its first Tampa restaurant near the University of South Florida this summer.
Boston — Fantini & Gorga has arranged $9 million in permanent first mortgage financing for two Massachusetts retail properties, including a Walgreens in Newton Centre and a multi-tenanted property in Burlington, on behalf of a Boston-based family investment and development firm.