New York City — Following a turbulent year in 2016, the U.S. economy and property markets are positioned to perform well in 2017, according to Cushman & Wakefield’s U.S. Macro Forecast.
Livonia, Mich. — Schostak Brothers & Co. Inc., a metro Detroit-based real estate investment firm, has purchased a portfolio of six retail properties adjacent to Walmart Supercenters in Mississippi, Louisiana and Texas.
San Francisco — A partnership between Blatteis & Schnur and Morgan Stanley Real Estate Investing has acquired the 250,000-square-foot Macy’s Men’s Store located on Union Square in San Francisco for $250 million.
Columbus, Ohio — Limited Stores LLC, parent company of women’s fashion apparel retailer The Limited, has filed for Chapter 11 bankruptcy protection.
Normal, Ill. — A joint venture between ALTO Real Estate Funds and M & J Wilkow Ltd. has acquired The Shoppes at College Hills and The Plaza at College Hills, a 441,995-square-foot open-air shopping center located in Normal, Illinois.
Bakersfield, Calif. — A joint venture between C & C Properties Inc. and MarkChris Investments has announced the redevelopment of East Hills Mall in Bakersfield, roughly 110 miles north of Los Angeles.
New York City — Forest City Realty Trust, in partnership with Madison International Realty, has completed the disposition of Shops at Bruckner Boulevard, a specialty retail center located in the Bronx.
Virginia Beach, Va. — Wegmans plans to open a new 130,000-square-foot grocery store at Town Center of Virginia Beach.
Chicago — Mid-America Real Estate Corp. has arranged the $81 million sale of 3030 North Broadway, a 137,618-square-foot shopping center located in the Lincoln Park neighborhood of Chicago.
North Palm Beach, Fla. — The Shopping Center Group and Avison Young have teamed up to broker the $12.6 million sale of Northlake Promenade Shops, a nearly 83,000-square-foot shopping center located in North Palm Beach.