The Colony, Texas — Jackson-Shaw has begun construction on a four-restaurant dining and entertainment development known as The Oasis.
Westminster, Calif. — Marcus & Millichap has arranged the sale of Little Saigon Shopping Center, an 85,133-square-foot shopping center located in Westminster’s Little Saigon community.
Atlanta — Atlanta-based Preferred Apartment Communities Inc. has acquired a six-property, grocery-anchored retail portfolio through its retail subsidiary New Market Properties LLC.
Crowley, Texas and Santa Maria, Calif. — Phillips Edison Grocery Center REIT II has acquired two grocery-anchored shopping centers in Texas and California.
Mandeville, La. — Stirling Properties has opened a new Whole Foods Market at Premier Centre in the New Orleans suburb of Mandeville.
Commerce, Calif. — Commerce-based Smart & Final has opened 33 Smart & Final Extra! warehouse-style grocery stores in California.
White Marsh, Md. — Construction has begun on Greenleigh at Crossroads, a $750 million phase of Baltimore Crossroads, a 1,000-acre mixed-use development in White Marsh in the eastern section of Baltimore County.
Boca Raton, Fla. — The merger agreement between Staples Inc. (NASDAQ: SPLS) and Office Depot Inc. (NASDAQ: ODP) has been terminated. As a result, Office Depot will receive a cash payment from Staples of $250 million on May 19, 2016.
Arlington, Va. — A joint venture between Regency Centers Corp. (NYSE: REG) and AvalonBay Communities Inc. (NYSE: AVB) has acquired Market Common Clarendon, a mixed-use development located in Arlington, for $406 million.
Miami — The Richman Group Development Corp. (Richman), a subsidiary of The Richman Group of Florida Inc., has acquired a 2.2-acre, fully approved land site in Miami for the development of a mixed-use project.