Albuquerque, N.M. — Sapir Real Estate Development has broken ground on the first phase of Snow Heights Promenade, a retail and entertainment project in Albuquerque.
Woodridge, Ill. — North American Real Estate (NARE) has acquired Woodgrove Festival in Woodridge, located 29 miles west of Chicago, for $20 million.
Overland Park, Kan. — PEBB Enterprises has purchased Pinnacle Village, a 126,909-square-foot shopping center in Overland Park, for an undisclosed price.
Tampa, Fla. — Cushman & Wakefield has arranged the $27 million sale of Tampa Bay Center, a 142,350-square-foot shopping center in Tampa.
Philadelphia — CBRE has arranged the $10 million sale of Liberty Plaza, a 372,130-square-foot shopping center in Philadelphia.
Atlanta — Braves Development Co. (BDC) has signed four new tenants to The Battery Atlanta in Cobb County.
Los Angeles and New York — CBRE Global Investors (NYSE: CBRE) has formed a joint venture with Brookfield Property Partners (NASDAQ: BPY) to purchase three super-regional malls totaling 3.7 million square feet from General Growth Properties (NYSE: GGP).
Chapel Hill, N.C. — Avison Young has arranged the $10.5 million sale of Glenwood Square, a 51,900-square-foot retail center in Chapel Hill.
Lawrenceville, Ga. — SRS Real Estate Partners has arranged the $5.3 million sale of a freestanding building leased to Crunch Fitness in Lawrenceville, located 34 miles northeast of Atlanta.
Statesboro, Ga. — CBL Properties has sold Statesboro Crossing, a 155,185-square-foot retail center in the southeastern Georgia city of Statesboro, for $21.5 million.