Campbell, Calif. — Ellis Partners has broken ground on the multi-phased renovation of The Pruneyard, a 27-acre mixed-use shopping center in the Silicon Valley city of Campbell.
Chicago — Invesco has sold Broadway at Surf, a 134,285-square-foot, grocery-anchored shopping center located between Chicago’s Lincoln Park and Lakeview neighborhoods.
Monaca, Pa. and Beckley, W.Va. — PREIT has sold the company’s two remaining non-core malls in Pennsylvania and West Virginia for a combined total of $49 million.
Naperville, Ill. — Retail Properties of America Inc. (RPAI) has acquired Main Street Promenade, a 182,000-square-foot mixed-use development located 30 miles from Chicago in Naperville.
Cleveland, Tenn. — Wicker Park Capital Management LLC has acquired Cleveland Towne Center, a 152,839-square-foot regional power center located in the Chattanooga suburb of Cleveland.
Holyoke, Mass. — HFF has arranged the $33.3 million sale of Holyoke Crossing, a 140,361-square-foot retail power center located in the Springfield suburb of Holyoke.
Lake Elsinore, Calif. — Civic Partners has received approval for the development of Artisan Alley at the Diamond, a mixed-use project located in Lake Elsinore.