Las Vegas — Penn National Gaming Inc. (NASDAQ: PENN) has agreed to purchase fellow gaming property owner Pinnacle Entertainment Inc. (NASDAQ: PNK) in a cash and stock transaction valued at $2.8 billion.
Chandler, Ariz. — Cushman & Wakefield has arranged the $25.8 million sale of The Plant, a newly developed, 56,831-square-foot shopping center in Chandler.
Bowie, Md. — Neuman Commercial Group LLC has arranged the $21 million sale of The Shoppes at Bowie Town Center, a 104,000-square-foot retail center in Bowie, a suburb 18 miles east of Washington, D.C.
Livonia, Mich. — Mid-America Real Estate Corp. has arranged the sale of Millennium Park Shopping Center, a 273,029-square-foot retail center in Livonia, a suburb of Detroit.
Caro, Mich. — Regency Properties has acquired two shopping centers in Caro totaling 115,623 square feet: Caro Centre and Sugarcreek Plaza.
Centennial, Colo. — Confluent Development has broken ground on the grocery portion of a 20,000-square-foot retail project located within The Ridge, a mixed-use development in the Denver suburb of Centennial.
Johns Island, S.C. — Belk | Lucy has arranged the $3.6 million sale of Bees Ferry Landing, a 15,159-square-foot shopping center located on Johns Island, a suburb of Charleston.
Madison, Wis. — Baceline Investments LLC has acquired Meadowood Retail Center, a 45,319-square-foot shopping center in Madison, for $3.3 million.
Beachwood, Ohio — As part of what DDR Corp. (NYSE: DDR) calls a “strategic transformation,” the shopping center REIT plans to spin off a portfolio of 50 assets — including 38 U.S. assets and all 12 of its properties in Puerto Rico — into a separate publicly traded REIT to be named Retail Value Trust (RVT).
Houston — Citing struggles stemming from the rise of e-commerce, Charming Charlie has filed for Chapter 11 bankruptcy protection.