Gulf Shores, Ala. — Atlanta-based RCG Ventures has acquired Pelican Place at Craft Farms, a 229,911-square-foot shopping center located in Gulf Shores, for $18.5 million.
Phoenix — Cushman & Wakefield has arranged the $8 million sale of Rancho Encanto, a 70,859-square-foot grocery-anchored neighborhood shopping center located in Phoenix.
San Marcos, Texas — Endeavor Real Estate Group has announced plans to invest $27.5 million to revamp Springtown Shopping Center, a retail center with low occupancy along I-35 in San Marcos between Austin and San Antonio.
Corona Del Mar, Calif. — Corona Del Mar-based Hanley Investment Group has arranged the sale of two retail centers totaling nearly 250,000 square feet for $13 million.
Glendale, Ariz. — Brixmor Property Group is set to open a new LA Fitness anchor and begin renovations at Glendale Galleria in Glendale.
Glenview, Ill. — Mid-America Real Estate Corp. has arranged the $50 million sale of Glen Gate Shopping Center, a 102,879-square-foot Mariano’s-anchored shopping center located in the Chicago suburb of Glenview.
San Diego — NorthMarq Capital has arranged the $30 million refinance of Carmel Mountain Ranch Town Center, a 172,272-square-foot retail property located in San Diego.
Charlotte, N.C. — Charlotte-based developer Crosland Southeast has named Bobby Speir as vice president of acquisitions.
Orangeburg, S.C. — Wheeler Real Estate Investment Trust Inc. has acquired Grove Park Shopping Center, a 106,557-square-foot grocery-anchored shopping center located in Orangeburg, for $6.6 million.
Phoenix — Triumph Properties Group is set to open a new Safeway location and undergo renovations on Moon Valley Shopping Center in Phoenix.