Los Angeles — Los Angeles-based Westwood Financial Corp. has restructured ownership of 77 of its 120 retail center holdings and its management company to form a single, $1.2 billion retail real estate company.
Cupertino, Calif. — Marcus & Millichap has arranged the $16.5 million sale of Saich Way Station, a 15,525-square-foot shopping center located less than one mile from Apple Inc.’s headquarters in Cupertino.
Montclair, Calif. — CBRE Group Inc. has arranged the $15.5 million sale of Montclair Shoppes, an 18,889-square-foot shopping center located in Montclair, roughly 30 miles outside of downtown Los Angeles.
Ontario, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $6 million sale of a 6,786-square-foot retail pad site shadow-anchored by a new Walmart Supercenter in Ontario, roughly 35 miles outside of downtown Los Angeles.
Orange, Calif. — Coldwell Banker Commercial (CBC) Advisors has arranged the $4 million sale of a two-story, single-tenant retail building located in the historic Orange Circle of Orange, California.
East Rutherford, N.J. — Triple Five Group of Cos. and Nickelodeon have announced that a brand new Nickelodeon Universe theme park will open at the 3 million-square-foot American Dream development in East Rutherford.
Washington, Pa. — Gaming and Leisure Properties Inc. has completed the previously announced acquisition of The Meadows Racetrack and Casino in Washington, a suburb of Pittsburgh.
Boston — HFF has arranged $265 million in first mortgage and mezzanine financing for Church Park, a mixed-use development located in the Back Bay neighborhood of Boston.
Houston — Simon has announced that Nobu and Fig & Olive will open new locations at The Galleria in Houston.
Atlanta — Federal Capital Partners (FCP) and Westbridge Partners have broken ground on Stockyards, an adaptive renovation of three historic warehouses in Atlanta’s West Midtown district.