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CaliforniaInvestment salesNews

Location Matters Negotiates $3.2 Million Sale of a Single-Tenant Restaurant Property in Mission Hills, California

by Abby Cox

Mission Hills, Calif. — San Diego-based Location Matters has negotiated the $3.2 million sale of a single-tenant restaurant property located in the San Diego neighborhood of Mission Hills. Situated at 902 W. Washington St., the 2,505-square-foot building is occupied by contemporary American restaurant Harley Gray Kitchen & Bar, which has operated at the site for 12 years. Mike Spilky of Location Matters represented both the seller and the buyer in the transaction. The buyer plans to reposition the space with a new restaurant concept.

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NewsRetailersWashington

Amazon to Close Physical ‘Go’ and ‘Fresh’ Grocery Stores, Expands Whole Foods Market Brand

by Abby Cox

Seattle — Amazon is announcing plans to close its Amazon Go and Amazon Fresh brick-and-mortar stores. A total of 57 Amazon Fresh and 15 Amazon Go stores will shut down in February, according to several media sources. Amazon first launched the cashier-less Amazon Go stores in 2018 and expanded in 2020 with the first Amazon Fresh grocery stores. According to the company, Amazon will instead focus on an effort to prioritize expansion for Whole Foods Market, which it acquired in 2017. Amazon is expected to open more than 100 new Whole …

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CaliforniaFinanceMixed-useNews

CBRE Arranges $57.6 Million in Refinancing for First Street Napa Mixed-Use Property in California

by Abby Cox

Napa, Calif. — CBRE has arranged $57.6 million in refinancing for First Street Napa, a Class A mixed-use property in downtown Napa. Brad Zampa and Andy Gross of CBRE secured the loan through Knighthead Funding on behalf of the borrower, Zapolski Real Estate. Located at 1300 First St., the property features 163,000 square feet of retail, dining, tasting rooms and office space across six buildings. First Street Napa is currently 88 percent leased to a variety of tenants, including Lululemon, Compass, Free People and Silicon Valley Bank, with new retail additions …

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Conejo Valley Plaza
CaliforniaFinanceGrocery-anchoredNews

Northmarq Arranges $35 Million in Financing for Conejo Valley Plaza in Metro Los Angeles

by Abby Cox

Thousand Oaks, Calif. — Northmarq has arranged a $35 million bridge loan for Conejo Valley Plaza, a 128,243-square-foot grocery-anchored retail center located in Thousand Oaks, roughly 38 miles west of Los Angeles. Northmarq secured the five-year bridge loan through New York Life on behalf of Gerrity. The transaction was structured with full-term interest-only payments. Built in 1983 and renovated in 2005, Conejo Valley Plaza spans 12.3 acres and is home to a mix of tenants including Ralphs, Toppers Pizza, Poke Land and Rise Southern Biscuits.

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Laynes Chicken Fingers
DevelopmentNewsRestaurantsTexas

Layne’s Chicken Fingers Enters 2026 with 40 Stores, Plans to Open 300 by 2030

by Abby Cox

Frisco, Texas — College Station, Texas-based Layne’s Chicken Fingers closed out 2025 with 40 restaurants and 10 new franchise owners in the system, with plans to open a total of 300 units by 2030. Layne’s growth included a 44-unit agreement, a 15-unit expansion by Wisconsin franchise owners and agreements signed by franchisees of other major brands like Wendy’s and Arby’s. Meanwhile, Layne’s posted a 50 percent year-over-year unit increase and a 67 percent increase in systemwide sales, with 2024 systemwide revenue reaching $30 million.

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LeasingMixed-useNevadaNews

Vestar Signs Leases With Three New Tenants at Tivoli Village at Queensridge in Las Vegas

by Abby Cox

Las Vegas — Vestar has signed three new leases at Tivoli Village at Queensridge, a 1 million-square-foot mixed-use development located in the Queensridge neighborhood of Las Vegas. Design Within Reach and Saatva have already opened at the property, while Eichholtz is scheduled to open in spring 2026. The expansion brings roughly 20,000 square feet of luxury furniture and décor brands to the development. Tivoli Village’s longstanding furniture tenants include Restoration Hardware, The Shade Store, Hub Modern, Basner Fine Art, 7th Avenue, Bauteam Kitchen Tailors and Desert Valley Gallery.

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Investment salesNew JerseyNews

JLL Negotiates $20.5 Million in Refinancing for Stafford Park in New Jersey

by Abby Cox

Stafford Township, N.J. — JLL Capital Markets has arranged a $20.5 million loan to refinance Stafford Park, a 140,893-square-foot shopping center located in Stafford Township near the Jersey Shore. Jim Cadranell, Ryan Carroll and Christian Badalamenti of JLL secured the five-year, fixed-rate loan through an investment manager on behalf of the borrower, Walters Group. Developed by Walters Group in 2007, the open-air center is fully leased to tenants such as Dick’s Sporting Goods, Best Buy, PetSmart and Ulta Beauty. Stafford Park is also shadow-anchored by Costco and Target.

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Investment salesMarylandNews

IPA Negotiates Sale of 57,524-Square-Foot Shopping Center in Baltimore

by Abby Cox

Baltimore — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of Highlandtown Village, a 57,524-square-foot shopping center located at 3800 E. Lombard St. in Baltimore. Built in 1987, the retail center was fully leased at the time of sale to tenants including Hazlo International Foods, Dollar Tree, Baltimore Bark House, Fishtail Wine and Song’s Beauty Supplies. The average tenant occupancy at Highlandtown Village exceeds 14 years, according to IPA. David Crotts and Dean Zang of IPA represented the undisclosed seller in the transaction. The …

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CaliforniaInvestment salesNews

RealSource Group Arranges $3.2 Million Sale of Single-Tenant Retail Property in Southern California

by Abby Cox

Wildomar, Calif. — RealSource Group has arranged the $3.2 million sale of a newly constructed, single-tenant retail property located within the Canyon Plaza retail development in Wildomar. McDonald’s occupies the 4,000-square-foot building, which includes a dual-lane prototype design, on a new 20-year absolute triple-net ground lease. Jonathan Schiffer and Austin Blodgett of RealSource represented the seller, a private Southern California-based developer. Dustin Lee of J&C Investment Group represented the buyer, a private international investor, in the transaction.

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DevelopmentNew YorkNewsRestaurants

Pokeworks to Open Four New Restaurants in New York

by Abby Cox

New York City — Irvine, California-based Pokeworks has signed two separate franchise agreements to open four new restaurants in Long Island and Manhattan. Restaurant operator Joe Magnotta is expected to open a Pokeworks restaurant in mid-2026 on Long Island, while business leader Sanchit Sharma plans to develop locations in central Midtown Manhattan that target areas with strong office density and foot traffic. The first restaurant in Manhattan is anticipated to open by late summer 2026, and two more are set to follow. Pokeworks currently operates seven locations in New York City, …

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