Indianapolis — Colliers International has arranged the $6.5 million sale of Pyramid Place Shops, a 51,974-square-foot retail center in Indianapolis.
New York City — New York City Economic Development Corp. (NYCEDC) and Bedford Courts LLC, a joint venture between BFC Partners and Slate Property Group, have unveiled plans for a 500,000-square-foot mixed-use development at the Bedford Union Armory in Brooklyn’s Crown Heights neighborhood.
San Diego — San Diego-based Zephyr has sold The Block, a 60,000-square-foot mixed-use site currently under development on Broadway in San Diego, to Vancouver, Canada-based Bosa Development.
New York City — Eastern Consolidated has arranged the sale of a mixed-use building located at 157 E. 55th St. in New York’s Midtown East district.
Northbrook, Ill. — Northbrook-based Pine Tree Commercial Realty has completed $670 million in retail real estate acquisitions over 24 months, and has hired seven.
Oak Brook, Ill. — Inland Real Estate Corp. (NYSE: IRC) has entered into a definitive agreement to be acquired by real estate funds managed by New York City-based DRA Advisors LLC (DRA) for approximately $2.3 billion, including the assumption of existing debt.
Temecula and Novato, Calif. — A real estate fund managed by Ares Management, in partnership with Citivest Commercial Investments LLC, has acquired two shopping centers located in Temecula and Novato, California.
Santa Ana, Calif. — CBRE has arranged the $31.8 million sale of McCalla Centre, a 110,620-square-foot shopping center located in Santa Ana.
Mayfield Heights, Ohio — Fresh Thyme Farmers Market is set to open a new 27,560-square-foot location at Golden Gate Shopping Center in the Cleveland suburb of Mayfield Heights.
Odessa, Texas — Franklin Street has arranged the sale of a newly constructed 8,353-square-foot Family Dollar located in Odessa.