Seattle — KLM Equities Inc. has acquired the Hard Rock Café Seattle near Pike Place Market in Seattle for $20.8 million.
Memphis, Tenn. — Memphis-based Poag Shopping Centers will manage four outdoor lifestyle centers located in Georgia and Florida.
Tempe, Ariz. — CBRE has arranged the $1.7 million sale of a 3,288-square-foot, freestanding retail property located at 111 W. University Drive in Tempe.
Newbury Park, Calif. — CBRE has arranged the $15.3 million sale of The Terrace, a two-level, 39,634-square-foot shopping center located in Newbury Park.
Cincinnati — Cincinnati-based Phillips Edison Grocery Center REIT II has acquired six grocery-anchored shopping centers located in Florida, Massachusetts, Connecticut, Texas and Nevada.
New York and Los Angeles — NorthStar Asset Management Group Inc. (NYSE: NSAM), Colony Capital Inc. (NYSE: CLNY) and NorthStar Realty Finance Corp. (NYSE: NRF) have entered into a definitive merger agreement under which the companies will combine in an all-stock merger to create a diversified global equity REIT with a total capitalization of $17 billion.
Pinecrest, Fla. — Suniland Associates Ltd., an affiliate of Terranova Corp., has sold the 82,000-square-foot Suniland Shopping Center to a Denver-based REIT for $66.5 million.
Rochester, N.Y. — Wilmorite has announced plans to convert The Marketplace Mall, an enclosed regional mall located in Rochester, into an outlet center.
Chattanooga, Tenn. — Goldman Sachs Mortgage Co. has provided a $107 million loan to CBL & Associates Properties Inc. for Hamilton Place Mall, an enclosed regional mall located in Chattanooga.
Irving, Texas — Pierson Retail Advisors (PRA) has arranged the sale of Market Square, a 49,727-square-foot shopping center located in the Dallas suburb of Irving.