Rancho Cucamonga, Calif. — Rancho Cucamonga-based Progressive Real Estate Partners has arranged the sale of two single-tenant properties in Riverside County in Southern California’s Inland Empire market for a total of $6.9 million.
Delray Beach, Fla. — Founder and Patriarch of The Simon Konover Co. and Konover South passed away October 20 in Delray Beach at the age of 93.
Los Angeles — AvalonBay has purchased a 5.8-acre land parcel in Hollywood for more than $100 million.
Los Angeles — NorthMarq Capital has arranged $22.5 million in acquisition bridge financing for a 60 percent occupied, 100,000-square-foot infill retail center located in Los Angeles. The non-recourse transaction arranged by Joe Giordani of NorthMarq’s Newport Beach office had an 80 percent loan-to-cost ratio and was structured with a two-year interest only term. Tenants at the center include 99 Cents, AutoZone and Starbucks Coffee.
Owings Mills, Md. — Greenberg Gibbons and Vanguard have begun construction on a 110,000-square-foot Wegmans grocery store at Foundry Row, a $140 million mixed-use development in Baltimore County.
Plano, Texas — Starwood Retail Partners are set to begin a $100 million redevelopment of The Shops at Willow Bend, a mall located in Plano.
Palo Alto, Calif. — Simon is set to complete the reimagined public space at Stanford Shopping Center, a mall located in Palo Alto, and add 14 new tenants to open in spring 2016.
Little Rock, Ark. — New England Development has opened Outlets of Little Rock, an open-air lifestyle center located in Little Rock.
Rialto, Calif. — Pieology is set to open a new location at Rialto Marketplace, a new development anchored by Walmart in Rialto.
Chester, N.J. — Dividend Capital Diversified Property Fund Inc. has acquired Chester Springs Shopping Center, a 223,000-square-foot grocery-anchored retail center located in Chester, for $53.8 million.