Huntington Beach, Calif. — Hanley Investment Group has arranged the $18.6 million sale of a newly redeveloped retail center located on the corner of Brookhurst Street and Adams Avenue in Huntington Beach.
Associated Bank Provides $4.65M Acquisition and Construction Loan for Retail Center in Metro Chicago
Gurnee, Ill. — Associated Bank has provided a $4.65 million acquisition and construction loan for Gurnee Investment Partners LLC to acquire land and construct a 14,800-square-foot retail center in the Chicago suburb of Gurnee.
Lafayette, La. — Stirling Properties and CBL & Associates Properties Inc. have opened Ambassador Town Center in Lafayette.
San Francisco — Lennar Urban has won approval for its updated development plans for Candlestick Point, a massive mixed-use development planned for the site of Candlestick Park, former home of the San Francisco 49ers football team.
Cleveland — Detroit-based Bedrock Real Estate Services has acquired The Avenue Shops at Tower City Center, a three-story, 366,000-square-foot retail center located in downtown Cleveland, from Forest City Realty Trust Inc.
Cincinnati —Cincinnati-based Phillips Edison Grocery Center REIT II Inc. and TPG Real Estate have formed a partnership to acquire high-quality, value-added grocery-anchored shopping centers throughout the U.S.
Fenton, Ill. — Mid-America Real Estate Corp. has arranged the $15 million sale of Fenton Commons, an 82,242-square-foot shopping center located in the St. Louis suburb of Fenton.
Memphis, Tenn. — The Shopping Center Group has arranged a lease transaction that will bring a Save-A-Lot grocery store to Binghampton Gateway, a 48,500-square-foot neighborhood center in Memphis.
Oakley, Calif. and Taylor, Mich. — Hanley Investment Group has arranged the sale of two single-tenant, triple-net leased properties occupied by O’Reilly Auto Parts for a combined price of $5.5 million.
Kissimmee, Fla. — Magic Development LLC has revealed plans for Magic Place, an 87-acre, $3.3 billion mixed-use development near Walt Disney World Resort in the Orlando suburb of Kissimmee.