Retail
C&W Arranges $14M Retail Sale in Queens
Midwood Investment & Development sold the fully leased, three-unit retail asset in Queens for $13.5 million.
Miami-Area Retail Asset Lands $25M Acquisition Loan
The Aztec Group team of Jason Shapiro and Sean Harrington worked on behalf of the borrower acquiring the shopping center for $31.5 million.
China-Based Investor Buys Retail in Colton, CA
Evergreen Devco has sold the newly constructed asset for $8.9 million. The sale closed with market-leading pricing for the Colton submarket, at a 5.5 percent cap rate.
GBT Realty Lands 3rd Shopping Center in 6 Months
The company’s Capital Holdings division purchased Overlook Village, a 153,820-square-foot commercial property in Asheville, N.C. KIMCO Realty sold the asset for $25.5 million.
CapitaLand Sells $1.3B Mall Portfolio in China
The Singapore-based real estate company will sell the collection, which totals roughly 8.6 million square feet, to China Vanke Co. The transaction is expected to close later this year.
NKF Arranges Sale of Best-in-Class MA Asset
Middlesex Marketplace is a best-in-class retail property situated along an important retail corridor in the western suburbs of Boston, comprising nearly 40,000 square feet.
ATCO Inks New Manhattan Retail Lease
Café Metro’s 5,181-square-foot lease at the Mary McFadden Building in Manhattan will welcome its first clients in February 2018.
C&W Brokers Sale of Former Ukrop’s in VA
The 63,000-square-foot former grocery store, located in a major retail area of western Fredericksburg, Va., traded for more than $2 million.
JV Sells Oklahoma Retail Project Site
The Broe Group and Sheffield Crossing disposed of 18 acres to the city of Sand Springs, Okla. for a new retail development along Highway 97.
New Urbanism’s Next Chapter
New Urbanism officially turns 25 this year, though its founders had been using its principles to design communities for years before the meeting of the movement’s first congress in 1993.