Fontana and Montclair, Calif. — Progressive Real Estate Partners has arranged the sale of two retail properties in California’s Inland Empire.
Cookeville, Tenn. — CBL Properties, along with Browning Development Solutions and CHM LLC, has opened The Shoppes at Eagle Point, a power retail center located in Cookeville.
Myrtle Beach, S.C. — Eyzenberg & Co. has secured a $26 million first mortgage bridge loan to replace a $22.6 million construction loan for THEBlvd, a mixed-use property in Myrtle Beach.
El Segundo, Calif.— Meridian Capital Group has secured a $16 million refinancing for The Hub – El Segundo, a retail property located in El Segundo, on behalf of Decron Properties.
Charlotte, N.C.— A joint venture between private equity firms Durational Capital Management LP and The Jordan Company LP have agreed to acquire chicken-and-biscuits chain Bojangles’ Inc. for $593.7 million in an all-cash transaction.
Mooresville, N.C. — Lowe’s Cos. Inc. (NYSE: LOW) has unveiled its plans to close 20 underperforming stores in the United States as part of its ongoing strategic reassessment. Additionally, the company will close 31 Canadian stores.
Vero Beach, Fla. — The Simpson Organization has announced plans for a multi-million dollar renovation of Vero Beach Outlets in Florida.
Hoover, Ala. — Boyle Investment Co.’s Midsouth Capital Fund has completed the sale of Whole Foods Market Plaza, a retail property situated on 18.9 acres at 3780 Riverchase Village in Hoover, a suburb of Birmingham.
Forked River, N.J. — HFF has arranged the sale of Sunrise Plaza, a 255,940-square-foot retail center located in Forked River.
Beaumont, Texas — CBL Properties has announced plans to redevelop the former Macy’s location at Parkdale Mall in Beaumont.