Retail
Duong Retail Closes Inland Empire Record Sale
The company closed escrow on a retail center in Riverside, Calif., and a Black Bear Diner in Chino, Calif., for a total of $9.9 million, at a record cap rate.
Westwood Financial Snags $171M for Retail Portfolio
HFF lined up the insurance-company financing for 1 million square feet of properties spanning seven mostly Southern states.
HFF Closes Sale of 140 KSF Atlanta-Area Mall
The broker sold North Lake Square on behalf of GH Anderson & Co. VEREIT represented the buyer, a Cole Capital REIT.
Palm Springs Retail Center Changes Ownership
A Los Angeles-based private investor sold Palm Canyon Shopping Center, a 40,000-square-foot retail asset in Palm Springs, Calif. Faris Lee Investments represented both the seller and the buyer.
Newark Dreams to Join Ranks of Destination Cities
As the Garden State’s largest city is looking to get into the revitalization game, cranes are returning to the skyline, with $1 billion of projects underway and another $4 billion in the pipeline.
Bloomfield Capital Funds Retail Loan
A Nashville, Tenn., real estate development firm sponsored a $3.2 million senior bridge loan for the refinance and renovation of a 30,000-square-foot retail center in greater Nashville.
PAC Lands SC Shopping Center
The corporation acquired Irmo Station in Columbia, S.C., through a subsidiary, using a $10.7 million mortgage loan. A Kroger grocery store anchors the 99,000-square-foot retail asset.
Spavia Will Open Third Ohio Location
The spa services provider inked a 3,176-square-foot lease on the east side of the Bridge Park community, a recent development located in Dublin, Ohio.
Real Properties Sells SC Power Center for $22M
Built in 2001, the 140,000-square-foot Low Country Village was 100 percent occupied at the time of sale by 14 tenants.
Sprint to Expand Midwest Footprint With 30 New Stores
The additions will create more than 200 new jobs across Kansas, Missouri, Iowa, Minnesota and Nebraska by quarter four of 2017.