Los Angeles — Kilroy Realty Corp. has purchased The Sunset, a 179,000-square-foot mixed-use development in the West Hollywood submarket of Los Angeles, for $210 million.
Birmingham, Ala. — Bank of America has funded the refinancing of The Summit, a 1 million-square-foot trophy retail development in Birmingham.
Austin, Texas — RD Management LLC has acquired Shops at Tech Ridge, a 504,153-square-foot shopping center located in Austin.
Wellington, Fla. — HFF has arranged the $19.4 million sale of the Shoppes of Wellington Green, a 130,836-square-foot shopping center located in the Palm Beach County community of Wellington.
Los Angeles — Newmark Realty Capital Inc. has secured two refinance loans totaling $21.9 million for five retail buildings in Los Angeles.
Cincinnati — Hines Global REIT II has acquired Rookwood Pavilion and Rookwood Commons in Cincinnati.
Boca Raton, Fla. — Following last week’s announcement of massive store closures by Macy’s and Sears, The Limited is following suit, announcing over the weekend the closure of all its remaining 250 brick-and-mortar stores.
Alexandria, Va. — The Howard Hughes Corp. has purchased a Macy’s store and parking field at Landmark Mall in Alexandria for an undisclosed price.
Scottsdale, Ariz. — Regency Centers L.P. has sold Pima Crossing, a 283,275-square-foot shopping center located in Scottsdale, for $46.2 million.
Etters, Pa. — KLNB has arranged the $17 million sale of Newberry Commons, a 246,000-square-foot shopping center located roughly 17 miles outside Harrisburg in Etters.