Corte Madera, Calif. — New York Life Real Estate Investors has provided a $225 million, 12-year mortgage loan for The Village at Corte Madera, a 460,000-square-foot regional mall located in Corte Madera.
Williston, Vt. — Cypress Equities has acquired Maple Tree Place, a 488,975-square-foot mixed-use development located in Vermont, for $90 million.
Savannah, Ga. — Tanger Outlet Centers Inc. has bought out partner Ben Carter Enterprises’ (BCE) ownership stake in Tanger Outlets Savannah, a 420,000-square-foot upscale outlet mall adjacent to the Savannah International Airport in Pooler.
Washington, Pa. — PREIT has sold Washington Crown Center, a 673,000-square-foot regional mall located in Washington, Pennsylvania, for $20 million.
Gainesville, Fla. — NorthMarq Capital has arranged the $10.4 million refinance of Publix Market Square, a 71,007-square-foot shopping center located in Gainesville.
Miami — Colliers International South Florida has arranged the $14.9 million sale of ground-level retail space within Marinablue, a 57-story mixed-use skyscraper in downtown Miami.
Kansas City, Mo. — MIRASON Properties LLC has begun renovations on the 40,200-square-foot Watts Mill Shopping Center in Kansas City.
State College, Pa. — CA Student Living, the student housing division of CA Ventures, and Liberty Mutual have commenced construction on RISE at State College, a grocery-anchored mixed-use development located near the Penn State University campus in State College.
New York City — A joint venture between Extell Development Co. and SMI USA, the US subsidiary of Shanghai Municipal Investment, has unveiled plans to develop Central Park Tower, a $3 billion residential and commercial tower in Manhattan.
Cincinnati — Cincinnati-based Macy’s Inc. (NYSE: M) has announced that the company plans to close approximately 100 stores beginning in early 2017.