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CenterCal Properties Buys 255K-SF Arizona Retail CenterCenterCal Properties acquired Park West Shopping Center, a 254,982-square-foot theater-anchored lifestyle center located in Peoria, Arizona. Originally completed in 2007, Park West Shopping Center is located at 9744 W Northern Ave.
Evergreen Breaks Ground on Fitness-Anchored Shopping Center in Metro PhoenixCAVE CREEK, ARIZ. — Evergreen Development, on behalf of the Bullington family, has broken ground on Black Mountain Marketplace, a planned 13.3-acre neighborhood center located in Cave Creek, roughly 30 miles north of Phoenix.
Marcus & Millichap Brokers Sale of Retail Property in Springhill, Tennessee Leased to Heartland DentalSPRINGHILL, TENN. — Marcus & Millichap’s Taylor McMinn Retail Group has brokered the sale of a freestanding retail property in Springhill, a southern suburb of Nashville.
Cushman & Wakefield | Commercial Kentucky Negotiates Sale of Mid-City Mall in Louisville, Buyer Plans $60M Mixed-Use RedevelopmentLOUISVILLE, KY. — Cushman & Wakefield | Commercial Kentucky has arranged the sale of Mid-City Mall, a 185,000-square-foot former shopping center in Louisville. The existing structure is scheduled for demolition in January 2027 to make way for a $60 million mixed-use project.
Representative imageBoulder Group Arranges $4.4M Sale of Retail Building in Weatherford, TexasWEATHERFORD, TEXAS — The Boulder Group, a brokerage firm specializing in net-lease retail deals, has arranged the $4.4 million sale of a single-tenant building in Weatherford, a southern suburb of Dallas.
Sky Harbour Secures Approvals for Two Ground Leases at Van Nuys AirportSky Harbour Group Corporation, an aviation infrastructure company building a nationwide network of Home Base Operator (HBO) campuses for business aircraft, announced that the Los Angeles City Council has approved two ground leases at Van Nuys Airport for the development of Sky…
Pacific Urban Investors Pays Over $500k/Unit for Seattle MF PropertyPacific Urban Investors purchased Broadstone Vin, a 118-unit, mid-rise multifamily property in Seattle, Washington, in a transaction valued at $60.3 million, according to published reports. The deal works out to just over $500,000 per unit.
DLC, Cohen & Steers Acquire Open-Air New Hampshire Center in Off-Market DealDLC, an owner and operator of open-air shopping centers, has completed the off-market acquisition of West Street Shopping Center, a 206,319-square-foot grocery-anchored shopping center in Keene, NH, in a joint venture with Cohen & Steers through its Cohen & Steers Real Estate…
Rouler Advisors Begins $2M Renovation of Westgate Shopping Center in Metro DenverLAKEWOOD, COLO. — Rouler Advisors has begun the $2 million renovation of Westgate Shopping Center, a 108,867-square-foot retail center located in Lakewood, approximately eight miles southwest of downtown Denver.
Plaza Lakes to Develop 130,000 SF Shopping Center in Kissimmee, FloridaKISSIMMEE, FLA. — Plaza Lakes, a subsidiary of a private, family-owned business group from Puerto Rico, plans to develop a 130,000-square-foot shopping center located along Simpson Road in Kissimmee, a suburb of Orlando.
MCA Realty Nabs Sacramento Industrial Portfolio as Upleg of 1031 DealMCA Realty, Inc. acquired three small bay multi-tenant industrial buildings totaling 101,944 square feet and located at 7307, 7321 and 7337 Roseville Rd. in Sacramento.
JLL Brokers $17.5M Sale of Mid-Rise Multifamily Building in SeattleSEATTLE — JLL has arranged the purchase of 101 Broadway Apartments, a mid-rise multifamily property in Seattle. 510/520 Fourth West Properties LLC acquired the asset from an undisclosed seller for $17.5 million.
Panattoni Receives $58.7M Refinancing for Northern Parkway Logistics Center in Glendale, ArizonaGLENDALE, ARIZ. — Panattoni Development Co. has received $58.7 million in refinancing for Northern Logistics Center, a Class A industrial portfolio in Glendale.
Representative imageHelaba Lends $82M on Macy’s-to-Residential Conversion Project Near DenverAlliance Residential Company has secured $82.2 million of construction financing for its multifamily makeover of a vacant Macy’s department store in a Denver suburb, Commercial Observer has learned.
Central Valley Investor Acquires Net-Leased ChipotleHanley Investment Group Real Estate Advisors arranged the sale of a newly constructed, single-tenant net-leased Chipotle Mexican Grill with a Chipotlane drive-thru at 223 W. Hanford Armona Rd. in Lemoore. The sale price was $3.58 million.
MDH Enters Bay Area with Livermore Industrial AcquisitionMDH Partners has acquired 5775 Brisa St., a 108,347-square-foot, single-tenant industrial building in Livermore, within the Bay Area’s Tri-Valley submarket. Terms weren’t disclosed.
PREP Property Group Acquires 480,000 SF Promenade at Casa Grande Shopping Center in ArizonaCASA GRANDE, ARIZ. — PREP Property Group has purchased Promenade at Casa Grande, a regional shopping center in Casa Grande, approximately 50 miles south of Phoenix. Terms of the acquisition were not released.
Representative imageMDH Partners Acquires 129,301 SF Industrial Building in Laredo, TexasLAREDO, TEXAS — Atlanta-based investment firm MDH Partners has acquired a 129,301-square-foot industrial building in the South Texas city of Laredo. Built in 2000 within Milo Industrial Park, the single-tenant, rail-served facility at 302 Grand Central Blvd.
Bal Harbour Shops Debuts ExpansionBal Harbour Shops has opened a 200,000-square-foot expansion, adding retail and dining space to the luxury shopping center as its owner pursues a separate mixed-use development with hundreds of apartments and a hotel. The S.
Macerich In Default On Almost $400M In Mall DebtMacerich defaulted on $399M in mall loans as it rebalances its portfolio, sheds underperforming assets and renovates key shopping centers.