Stone Mountain, Ga. — Preferred Apartment Communities Inc. (PAC) has purchased Rockbridge Village, a 102,432-square-foot retail center in Stone Mountain, a suburb of Atlanta.
Livermore, Calif. — RedMill Capital, alongside financial partner ANICO Eagle LLC, has broken ground on The Shops at Livermore, a 115,000-square-foot mixed-use development located roughly 40 miles outside San Francisco in Livermore.
Albert Lea and Cambridge, Minn. — Timber Development Corp. has acquired one strip center, and is developing two centers in Albert Lea and Cambridge, Minnesota.
Coral Springs, Fla. — CPAC Royal University LLC — a joint venture between CREC and Lubert Adler — has sold Royal University Plaza, a 115,000-square-foot shopping center located in Coral Springs, for $48 million.
Norfolk, Va. — The Cordish Cos. and the City of Norfolk have opened Waterside District, a $40 million overhaul and rebranding of the former Waterside Festival Marketplace.
Philadelphia and Cleveland — Interior design firm NELSON has merged with Philadelphia-based Cope Linder Architects and Cleveland-based KA Architecture to create a full-service architecture and design firm.
Chesapeake, Va. — Southeastern has arranged the $38.7 million sale of Greenbrier Square, a 260,602-square-foot shopping center located in Chesapeake.
Cambridge, Mass. — A $30 million renovation is underway at CambridgeSide Galleria, a 1.2 million-square-foot, mixed-use development located roughly two miles outside downtown Boston in East Cambridge.
Portland, Ore. — HFF has arranged the sale of Southgate Shopping Center, a 50,826-square-foot, multi-tenant strip center located in the Southgate area of Portland.
Los Angeles — HFF has arranged $100 million in financing for the development of Arts District AMP Lofts, a mixed-use residential and retail property located Los Angeles’ Arts District.