News

NewMark Merrill-Led Partnership to Develop 297,363-Square-Foot Retail Center in Victorville, California

by Abby Cox March 2, 2026

Victorville, Calif. — NewMark Merrill Cos., in partnership with World Premier Investments and R.Y. Properties, has received entitlements to develop Desert Sky Plaza II, a 30-acre shopping center located at the southeast corner of Roy Rogers Drive and Amargosa Road in Victorville, approximately 35 miles north of San Bernardino. NewMark Merrill is scheduled to break ground on the project in the second quarter of 2026 with the opening planned for fall 2027. Designed by Architects Orange and Kimley-Horn, Desert Sky Plaza II will be the second phase of the existing Desert …

March 2, 2026

California Finance Illinois Investment sales News Oregon Wisconsin

Gantry Arranges $42.8 Million in Refinancing for Four Retail Properties Across Four States

by Abby Cox March 2, 2026

San Francisco — San Francisco-based Gantry has arranged four separate permanent loans totaling $42.8 million to refinance four retail properties in California, Illinois, Oregon and Wisconsin. Andy Bratt and Sean Kuang of Gantry arranged all four loans through a single life company lender on behalf of the borrower, a series of Rhino Investments Group (RIG) affiliates. The loans carry fixed interest rates with 30-year amortization schedules. Gantry will service the loans. The loan proceeds were used to retire existing debt, fund tenant improvements and provide additional cash-out tied to executed leases …

March 2, 2026

California Investment sales News

Marcus & Millichap Brokers Sale of 33,055-Square-Foot Mixed-Use Property in La Jolla

by Abby Cox March 2, 2026

San Diego — Marcus & Millichap has arranged the sale of Prospect Square at La Jolla Village, a mixed-use property located in San Diego’s La Jolla submarket. 1025 Prospect LLC sold the asset to 1025 Associates LLC & Wedge 3.0 LLC for $10.3 million. Nick Totah of Marcus & Millichap represented the seller, while Ross Sanchez, also of Marcus & Millichap, represented the buyer in the deal. Prospect Square at La Jolla Village features 33,055 square feet of ground-floor and second-floor retail and restaurant space, third-floor office space and a three-story …

March 2, 2026

Investment sales News Tennessee

Manova Partners Sells 323,927-Square-Foot Nashville West Shopping Center

by Abby Cox March 2, 2026

Nashville, Tenn. — Manova Partners, a real estate firm headquartered in Munich, Germany, has sold Nashville West Shopping Center, a 323,927-square-foot, super-regional shopping center in Nashville near Vanderbilt University. Chris Decoufle, Kevin Hurley, Matt Karempelis of CBRE marketed the property on behalf of the seller. The buyer was not disclosed. Situated at the intersection of I-40 and Charlotte Pike, Nashville West Shopping Center was built in phases from 2007 to 2008 and comprises six single-story buildings across 31 acres. Tenants at the center, which was 98 percent leased at the time …

March 2, 2026

Development New York News

Marx Realty Underway on 58,000-Square-Foot Retail Expansion at Cross County Center in Yonkers, New York

by Abby Cox February 27, 2026

Yonkers, N.Y. — Marx Realty is underway on the construction of a two-building, 58,000-square-foot retail expansion at Cross County Center, a 1.2 million-square-foot lifestyle center located in Yonkers, just north of New York City. The first building will comprise 14,000 square feet across a single floor and the second building will span 44,000 square feet across two floors. Marx Realty will also develop a 4-acre park, which will accommodate farmers’ markets and SummerFest events, as well as wellness and seasonal programming. Meanwhile, an adjacent boardwalk will offer café-style seating and shaded …

February 27, 2026

Illinois Investment sales News

Greenstone Parters Brokers $5.6 Million Sale of Retail Property in Chicago’s Wicker Park

by Abby Cox February 27, 2026

Chicago — Greenstone Partners has brokered the $5.6 million sale of a retail and medical property located at 1455 N. Milwaukee Ave. in Chicago’s Wicker Park neighborhood. The urban infill asset sold for 98 percent of the list price to a New York-based buyer. The two-story property features 11,370 rentable square feet, roughly 125 feet of frontage along North Milwaukee Avenue and a private surface parking lot with 23 dedicated spaces. Barry’s Bootcamp occupies the ground floor. The upper level is leased to two medical services providers. Danny Spitz and …

February 27, 2026

Investment sales News Pennsylvania

Cooper Commercial Negotiates $5.5 Million Sale of Single-Tenant Retail Property in Sinking Spring, Pennsylvania

by Abby Cox February 27, 2026

Sinking Spring, Pa. — Cooper Commercial Investment Group has negotiated the $5.5 million sale of a single-tenant retail property located in Sinking Spring, approximately 60 miles southeast of Philadelphia. CVS Pharmacy occupies the 13,225-square-foot building on a triple-net lease. Dan Cooper of Cooper Commercial Investment Group represented the seller, a private investor based in Pennsylvania. A West Coast-based 1031 exchange buyer purchased the property.

February 27, 2026

Investment sales Maryland News

SVN | Miller Negotiates Sale of 21 Acres at Outlets Ocean City in Coastal Maryland

by Abby Cox February 27, 2026

Ocean City, Md. — The McClellan Team at SVN | Miller Commercial Real Estate has negotiated the sale of 21 acres of land underlying Outlets Ocean City, a 200,000-square-foot outlet mall in Ocean City. The outlet mall is subject to a long-term ground lease with leasehold improvements by the new ownership. The Elliott Family sold the land to the undisclosed buyer. The new ownership group has tapped the McClellan Team and Ryan Finnegan of SVN | Miller to lease Outlets Ocean City, which has six units available for lease. According …

February 27, 2026

Company news Development Entertainment Georgia Mixed-use News

New York Life Taps Jamestown to Pursue NHL Stadium for North Point Mall Redevelopment in Metro Atlanta

by Abby Cox February 26, 2026

Alpharetta, Ga. — New York Life Insurance Co. is underway on plans to redevelop North Point Mall in Alpharetta, a suburb roughly 30 miles north of Atlanta. Jamestown has been tapped by New York Life to pursue the redevelopment entitlements for the development. The Atlanta-based firm, which manages the nearby Avalon mixed-use development following its acquisition of the Atlanta-based holdings and listings of North American Properties in 2024, will also oversee property management for North Point Mall effective March 1. Plans for the project include transforming the mall into a …

February 26, 2026

Illinois Investment sales News

SVN Chicago Commercial Arranges $9 Million Sale of Barrington Square Town Center in Suburban Chicago

by Abby Cox February 26, 2026

Hoffman Estates, Ill. — SVN Chicago Commercial has arranged the $9 million sale of Barrington Square Town Center, a 101,796-square-foot neighborhood center located in the Chicago suburb of Hoffman Estates. Wayne Caplan and Al Lindeman of SVN Chicago Commercial represented the sellers, Dutch-based ownership group Depa Holding Co., and its U.S. partner, Caruso Development Corp. Harris Ali of Sky High Real Estate represented the buyer, a local investment group. This transaction marks the first time the property has been sold. Situated at 2300-2356 West Higgins Road on 11 acres, Barrington Square …

February 26, 2026

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