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Shopping centers news – page 2
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Trademark Inks Financing, to Break Ground on Cypress Retail CenterTrademark Property Company and its partner, MetLife Investment Management, secured financing and will soon begin construction on Dunham Pointe, a 202,000 square foot retail and restaurant district in the Houston suburb of Cypress.
Representative imageGBT Realty to Develop 300,000 SF Retail Center in Gallatin, TennesseeGALLATIN, TENN. — GBT Realty Corp. plans to develop The Crossroads of Gallatin, a nearly 300,000-square-foot shopping center located in Gallatin, a middle Tennessee city approximately 30 miles northeast of Nashville.
Atlantic Capital Partners Arranges $10M Sale of Milford Strip CenterAtlantic Capital Partners arranged the $10-million sale of Quarry Square, a 56,004-square-foot, stabilized neighborhood strip center in Milford, MA, anchored by local fitness and restaurant operators.
Fifth Third Bank Expands Offices at 50 Rockefeller PlazaTishman Speyer announced that Fifth Third Bank has expanded its offices at 50 Rockefeller Plaza at Rockefeller Center, increasing its footprint at the building to 32,347 square feet.
Colliers Markets Senior Loan on DTLA’S EY PlazaColliers has launched the marketing of the senior loan secured by EY Plaza, the 41-story, 968,745-square-foot office tower at 725 S. Figueroa St. in Downtown Los Angeles, on behalf of the lender.
JLL Arranges $86.7M Sale of 323,113 SF Shopping Center in Metro RaleighRALEIGH, N.C. — JLL has arranged the $86.7 million sale of Knightdale Marketplace, a 323,113-square-foot super regional shopping center in metro Raleigh. Invesco Real Estate purchased the 43.5-acre property from a joint venture between affiliates of Bailard Inc.
1031 Deadline Means Fast Closing on Lynwood Retail CenterHanley Investment Group Real Estate Advisors represented the buyer in the acquisition of a Walgreens‑anchored, 39,146‑square‑foot center located at 10901–10927 Atlantic Ave. and 4351 E. Imperial Hwy.
Cord Meyer Breaks Ground on Rentals at Bay Terrace Shopping CenterCord Meyer Development broke ground on its new residential community at the Bay Terrace Shopping Center, which the company developed more than 60 years ago.
Nuveen Sells 207,877 SF Shopping Center in Palm Beach Gardens, FloridaPALM BEACH GARDENS, FLA. — Nuveen Real Estate has sold Promenade Shopping Plaza, a 207,877-square-foot shopping center located in Palm Beach Gardens. Boston-based Mount Vernon Co. purchased the Publix-anchored center.
Northmarq Brokers $8.2M Sale of Multi-Tenant Retail Center in North Bend, WashingtonNORTH BEND, WASH. — Northmarq has arranged the sale of J.O. Borgen Plaza, a multi-tenant retail center in North Bend, approximately 30 miles southeast of Seattle. The asset traded for $8.2 million.
Northmarq Arranges Refi for Historic Koreatown Retail CenterNorthmarq’s Newport Beach and Los Angeles Debt + Equity teams, led by Joe Giordani, Alex Kane, and Karl Weidell, s arranged a $29.3 million refinance for Chapman Market, a historic 41,241-square-foot multi-tenant dining and entertainment center located at 3465 W. 6th St.
Related Launches Leasing for Tuxedo Luxury RentalsRelated Companies has officially begun its first phase of leasing for residences at The Village at Tuxedo Reserve, the mixed-use town center in the 1,200-acre Tuxedo Reserve community in New York’s Hudson Valley.
Colliers Negotiates $23M Sale of Shopping Center in Trinity, FloridaTRINITY, FLA. — Colliers has negotiated the sale of Trinity Village Center, a 76,834-square-foot shopping center located in Trinity, roughly 30 miles north of Tampa. According to the Tampa Bay Business Journal, Crow Holdings purchased the center for $23 million.
Stockdale Capital Partners, Hamilton Lane Acquire Chino Hills Shopping Center For $157MStockdale will be the fourth owner of the property since it was completed by the original developer, Opus West.
Stockdale Leads $157M Shopping Center Acquisition in Southern CaliforniaAs more capital returns to brick-and-mortar retail, a Los Angeles-based investment firm has gone east to acquire a shopping center in the Inland Empire.
Representative imageShort-Term Rental Giant Airbnb Launches $250M Housing Construction FundAirbnb is joining the fight to alleviate America’s ongoing housing supply shortage. The online rental housing marketplace announced Monday that it plans to invest $250 million to fill financing gaps in the development of affordable and mixed-income multifamily projects.
Katy Target to Open Next MonthDeveloper NewQuest announced that a 148,000-square-foot Target store at Texas Heritage Marketplace will open on October 11. It will be one of many popular outlets in the planned 800,000-square-foot retail center. Newquest says it’s investing over $400 million into the center.
Fifth Third Bank Expands to 32K SF at 50 Rockefeller PlazaFifth Third Bank is expanding its office footprint at Rockefeller Center.
Representative imageMarcus & Millichap Brokers Sale of 13,079 SF Retail Strip Center in Little Elm, TexasLITTLE ELM, TEXAS — Marcus & Millichap has brokered the sale ofIndia Bazaar Plaza, a 13,079-square-foot retail strip center in Little Elm, located in the northern-central part of the metroplex.
Representative imageCushman & Wakefield Arranges $163.9M Construction Loan for Northern New Jersey Multifamily ProjectPARAMUS, N.J. — Cushman & Wakefield has arranged a $163.9 million construction loan for The Bergen Chapter, a 426-unit multifamily project that will be located adjacent to Bergen Town Center Mall in the Northern New Jersey community of Paramus.