Sacramento — MidCap Financial has provided $17.9 million in refinancing for the repositioning and lease-up of Stockton Plaza, a grocery-anchored shopping center in Sacramento.
Little Falls, Minn. — Timber Development has sold a 12,000-square-foot strip center in Little Falls for $1.2 million.
St. Johns, Fla. — Aztec Group Inc. has arranged an $80.5 million construction loan for The Pavilion at Durbin Park, an 80-acre retail project in St. Johns, located 25 miles south of Jacksonville.
New York And Chicago — Brookfield Property Partners (NASDAQ: BPY) has agreed to acquire all remaining shares of GGP Inc. (NYSE: GGP), a Chicago-based mall owner.
Tampa, Fla. — Tiktin Real Estate Investment Services (TREIS) has arranged the $5.2 million sale of Madison Square, a 38,720-square-foot shopping center in Tampa.
Oak Creek, Wis. — SRS Real Estate Partners has negotiated the $5.2 million sale of The Shoppes at Drexel in Oak Creek, located 12 miles south of Milwaukee.
Denton, Texas — RED Development has broken ground on three new multi-tenant retail buildings at Rayzor Ranch Town Center, a 600,000-square-foot mixed-use development under construction in Denton.
Glenmont, N.Y. — Marcus & Millichap has arranged the $12.3 million sale of Bethlehem Town Center II, a 73,613-square-foot shopping center in Glenmont.
Rome, Ga. — Colliers International has brokered the $8.6 million sale of West Town Square, an 84,828-square-foot shopping center in Rome, a city in north Georgia.
Alameda, Calif. — A joint venture led by Trammell Crow Residential (TCR) plans to develop Alameda Point, a $500 million mixed-use project located in the Bay Area city of Alameda.