Rosemount, Minn. — Rosemount Crossing LLC has sold Rosemount Crossing, a 44,194-square-foot shopping center, for $7.6 million.
Austin, Texas — EDGE Realty Capital Markets has arranged the sale of The Grove at Lakeline, a 16,253-square-foot retail property located in Austin.
Bethlehem, Pa. — Cronheim Mortgage has secured $117.5 million in permanent and construction financing for Madison Farms, a mixed-use development in Bethlehem, located north of Philadelphia and west of New York City.
Duluth, Ga. — Forge Capital Partners has sold Duluth Station, a 94,966-square-foot shopping center located in the Atlanta suburb of Duluth, Georgia, for $9.75 million.
Canton, Ga. — Preferred Apartment Communities Inc. has acquired Woodmont Village, an 85,639-square-foot shopping center located 40 miles outside Atlanta in Canton, Georgia.
The U.S. economy added 156,000 jobs in August, falling short of expectations but not enough to sound alarm bells. In advance of the report released Sept. 1 by the Bureau of Labor Statistics (BLS), the forecast from economists surveyed by The Wall Street Journal called for an increase of 179,000 jobs.
Allen Park, Mich. — Mid-America Real Estate Corp. has arranged the sale of Fairlane Green, a 95,490-square-foot shopping center located in the Detroit suburb of Allen Park.
Scranton, Pa. — PREIT has announced the opening of HomeGoods, Dick’s Sporting Goods and Field & Stream in a space formerly occupied by Sears at Viewmont Mall in Scranton.
Altoona, Pa. — PREIT has sold Logan Valley Mall, a regional mall located in Altoona, Pennsylvania, for $33.2 million.
Newport Beach, Calif. — A joint venture between The Picerne Group and Shopoff Realty Investments has broken ground on Phase I of Uptown Newport, a 25-acre mixed-use development located in Newport Beach.