Clovis, Calif.— Lucescu Realty has arranged the sale of Clovis Commons Shopping Center in Clovis.
Atlanta— Simon Property Group (NYSE: SPG), the owner and developer best known for Class A malls, has broken ground on the $300 redevelopment of Phipps Plaza, an upscale shopping mall located in Atlanta’s Buckhead district.
Kimball, Tenn. — SRS Real Estate Partners’ Investment Properties Group has arranged the sale of Kimball Crossing, a 280,476-square-foot retail center located in Kimball, 29 miles outside Chattanooga.
Taylorsville, Utah — HFF has secured a $69 million refinancing for Crossroads of Taylorsville, a 726,306-square-foot retail center located 10 miles outside Salt Lake City in Taylorsville.
Hoffman Estates, Ill.— Sears Holdings Corp. (NASDAQ: SHLD) has filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Southern District of New York. A $134 million debt payment was due today.
Medina, Ohio— Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the $15.1 million sale of a single-tenant property net leased to Giant Eagle Supermarket in Medina, 35 miles south of Cleveland.
Elkins and Summersville, W.Va. — Regency Properties has acquired three shopping centers in West Virginia totaling 319,194 square feet.
Washington, D.C.— Walker & Dunlop has structured $61 million in financing for the recapitalization of The Shops at Dakota Crossing, a trophy retail center in Washington, D.C.
Longview, Wash. — CBRE has arranged the $38.3 million sale of Triangle Center, a 260,627-square-foot community shopping center located in Longview.
McKinney, Missouri City and League City, Texas — CBRE has arranged the sale of a three-property retail portfolio located on the outskirts of Dallas and Houston.