Palos Heights, Ill. — The Boulder Group has arranged the $15.5 million sale of a single-tenant property net leased to Jewel-Osco in Palos Heights, 25 miles southwest of Chicago.
Atlanta — CBRE has arranged the $12.3 million sale of Shops at Cascade & Fairburn, a 45,279-square-foot shopping center in Atlanta.
Coral Gables, Fla. — NP International (NPI) has selected Balfour Beatty to construct the 1.3 million-square-foot Gables Station mixed-use development in Coral Gables, a suburb of Miami.
Pleasanton, Calif. — Blake | Griggs Properties has opened Pacific Pearl Shopping Center, a 112,000-square-foot shopping center located in Pleasanton, a city in the San Francisco Bay Area.
Boston — Developers Boylston Properties and The Wilder Cos. have secured $324 million in construction financing and joint venture equity for the development of Arsenal Yards, a six-building, mixed-use redevelopment of the former Arsenal Mall in Watertown.
Miami Beach, Fla. — HFF has arranged the sale of a seven-property retail portfolio located in Miami Beach’s Sunset Harbour neighborhood.
Miami — Ocean Bank has provided a $60 million loan for the refinancing of Kendall Village, a 256,000-square-foot shopping center in Miami.
Visalia, Calif. — Kidder Mathews has arranged the $8.7 million sale of The Shops at Visalia Pavilion in Visalia.
Cincinnati — Phillips Edison & Co. Inc. (PECO) has entered into a definitive merger agreement with Phillips Edison Grocery Center REIT II, a publicly traded REIT currently advised and managed by PECO.
Hurstbourne, Ky. — Viking Partners Fund III LLC has unveiled plans for the redevelopment of Hurstbourne Business Park, a 27-acre property located at the intersection of Shelbyville Road and Hurstbourne Parkway in Hurstbourne, roughly 13 miles east of Louisville.