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Shopping centers news – page 16
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Bass Pro Shops Eyeing Palm Beach Gardens LocationRetail center operator Regency Centers Corp. is forwarding a site plan that would enable Bass Pro Shops to put a store at the intersection of Jack Nicklaus Drive and U.S. 1, part of the Oakbrook Square Shopping Center. The S.
Representative imageAcademy Sports + Outdoors to Open 130,000 SF Store in Fairview, TexasFAIRVIEW, TEXAS — Academy Sports + Outdoors will open a 130,000-square-foot store in Fairview, a northeastern suburb of Dallas. The retailer will backfill a former Macy’s store at Fairview Town Center, a 921,075-square-foot power center that first opened in 2009.
Mill Creek Breaks Ground on Apartments at Westfield Garden State PlazaThe mixed-use redevelopment of the 2.1-million-square-foot Westfield Garden State Plaza in Paramus, NJ advanced with Mill Creek Residential’s groundbreaking on Modera Garden State Plaza, a contemporary mixed-use community that will feature 575 units in two separately branded…
ANALYSIS: Fed Hold Keeps Markets Anchored as Rate-Cut Timeline SlipsThe Federal Reserve’s decision to keep the target range at 3.5%–3.75% effectively cemented a “higher for longer” stance at the front end of the curve, even as inflation stays above target and geopolitical risk around the Iran conflict keeps volatility elevated.
Brixton Picks Up 106K-SF Las Vegas Retail CenterBrixton Capital acquired the Las Palmas Village shopping center from Cop Group for $29.4 million in an off-market transaction. Located at 445 E. Windmill Ln. in Las Vegas, the 106,838-square-foot, grocery-anchored shopping center is 95% occupied.
Saks Global Sells Scarsdale Retail Center to Sagehall for $80MSaks Global is officially in fire-sale mode.
Developer Team Looking to Convert Norcross Offices to Apartments, RetailCoterie Properties is leading a team aiming to transform The Station and Jefferson Plaza office properties along Holcomb Bridge Road in Norcross into a mixed-use development.
Progressive Real Estate Partners Brokers Sale of 11,720 SF Retail Center in Pomona, CaliforniaPOMONA, CALIF. — Progressive Real Estate Partners has negotiated the sale of Valley Plaza, a multi-tenant retail property located at 2407 Valley Blvd. in Pomona. A private investor acquired the asset for $2.6 million from a private investor.
Vornado Taking 49% Stake in Fisher Brothers’ Park Avenue PlazaVornado Realty Trust said Tuesday it has agreed to purchase a 49% interest in Park Avenue Plaza from Closer Properties at a gross asset valuation of $1.1 billion, a significant discount to replacement cost.
Vornado Buying 49% Stake in Fisher Brothers’ Park Avenue PlazaVornado Realty Trust is acquiring Zhang Xin’s 49 percent stake in Park Avenue Plaza, sources familiar with the transaction told Commercial Observer. Majority owner Fisher Brothers is remaining in the deal.
U.S. News & World Report Relocates Offices to 10K SF at Vanbarton’s 31 Penn PlazaStop the presses! U.S. News & World Report is moving its offices to Midtown’s 31 Penn Plaza. The digital media company recently secured 10,236 square feet at Vanbarton Group’s office tower along West 31st Street, Commercial Observer has learned. U.S.
Representative imageMahoney & Associates Arranges $37.5M Sale of Carmel Rancho Shopping Center in CaliforniaCARMEL-BY-THE-SEA, CALIF. — Mahoney & Associates has arranged the sale of Carmel Rancho Shopping Center, a retail center in Carmel-by-the-Sea. Montage Health acquired the asset for $37.5 million.
Representative imageJLL Negotiates Sale of 105,869 SF Shopping Center in Southeast HoustonHOUSTON — JLL has negotiated the sale of Fairmont Preston Plaza, a 105,869-square-foot shopping center in southeast Houston. Built in 1974 and renovated in 2016, Fairmont Preston Plaza was 89 percent leased at the time of sale.
Marcus & Millichap Brokers $8.4M Sale of Retail Center in Metro JacksonvilleMIDDLEBURG, FLA. — Marcus & Millichap has brokered the $8.4 million sale of a 17,400-square-foot retail center located in Middleburg, roughly 26 miles southwest of downtown Jacksonville. Situated at 1690 Jeremiah St.
Representative imageCBRE Negotiates $7.1M Sale of Retail Center in Fresno, CaliforniaFRESNO, CALIF. — CBRE’s Retail Investment Properties – West has directed the sale of Shops at The Marketplace at El Paseo in Fresno. A private investor acquired the asset from an undisclosed seller for $7.1 million.
Representative imageSimon, Invesco to Secure $750M for Vegas Retail PropertyThe shopping center has the highest concentration of luxury tenants on the Strip. The post Simon, Invesco to Secure $750M for Vegas Retail Property appeared first on Commercial Property Executive.
Bridewell Tavern Kitchen Debuts at Burr Ridge Village CenterBurr Ridge Village Center is welcoming new retail and dining additions to the plaza’s retail lineup. Bridewell Tavern Kitchen & Bar is now open at 595 Village Center Drive.
Fund Acquires Shopping Center on Florida’s Space Coast for $16MMERRITT ISLAND, FLA. — A tenancy-in-common (TIC) entity including MHCommercial Real Estate Fund II, a private equity fund launched by South Florida-based commercial real estate services firm NAI Merin Hunter Codman, has acquired the Shoppes at Victoria Square on Florida’s Space…
Brixton Capital Returns to Las Vegas with $29.4M Acquisition of Las Palmas Village Shopping CenterLAS VEGAS — Brixton Capital has purchased Las Palmas Village, a shopping center at 445 E. Windmill Lane in Las Vegas, from Australia-based Cop Group for $29.4 million in an off-market transaction.
Walker & Dunlop Arranges $120M Financing for DC Multifamily AssetsWalker & Dunlop has arranged a total of $119.7 million in financing for two Washington, D.C. multifamily assets, including the Crest at Skyland Town Center and The Albemarle.