Tempe, Ariz. – The multi-building development was sold by Tucson, Ariz.-based Holualoa Companies to Mill Avenue Office LLC, which is owned by YAM Properties’ Bob Parsons.
Houston – Rice University has exercised an option to acquire the leasehold in the two-level center from the developer and owner, Weingarten.
New York – Approximately 93.5 percent of the portfolio’s leases will be structured with a 25-year initial term; another 6.5 percent will have a weighted average 18.7-year initial term.
Old Bridge, N.J. – The firm will assist the companies and their franchisees with site selection in multiple markets.
Las Vegas – Spring Valley Town Center was 92 percent occupied at the close of escrow.
Los Angeles – The Village and Westfield Topanga will be home to more than 325 retailers.
New York – The U.S.-based retailers with the highest sales per square foot are Apple, Murphy USA and Tiffany and Co.
North Point, Fla. – North Point Commons features tenants such as Quest Diagnostics, LabCorp, Fantastic Sam’s, RE/Max Anchor Realty and Center for Sight, and it is currently 86 percent leased.
Columbia, Md. – Spence Hill Associates has arranged $1.2 million of acquisition financing for a retail property in Columbia. The property is net-leased to 7-Eleven Inc.
Kapa’a, Hawaii – Upon completion of phase one, ValueRock will begin phase two of its renovation, which encompasses a remodel of the façade.