Retail
PMG Trades Charlotte’s Midtown Crossing for $30M
After a year of ownership, Property Markets Group sold the 122,830-square-foot retail center to Bluejay Capital Management.
Reading Closes $57M Financing for 44 Union Square
The project is set to be completed by the first quarter of 2018.
CBL Announces Redevelopment of 4 Macy’s Stores
CBL has entered into an agreement to buy three of the four locations from Macy’s for $5 million.
RKF Arranges $10M Sale of Downtown Manhattan Retail Space
The firm represented Premier Equities in the sale of the 1,400-square-foot retail space at 682 Broadway in the NoHo historic district.
HFF Closes Sale of KC Retail Center
The 190,000-square-foot grocery-anchored center was purchased by an affiliate of Northeast Capital Group from Blackstone Group LP, a New York City-based private equity firm.
Macy’s Teams Up with CBRE for Store Dispositions
The time has come for the retailer’s previously announced closing of 100 stores, roughly 15 percent of its properties.
CliqStudios Invests $2M in New Design Center
The company plans to hire 98 associates at the new facility.
Metro Chicago Mall Lands $100M Refi
HFF worked on behalf of Centennial Real Estate Co., Montgomery Street Partners, USAA Real Estate Co. and Westfield America to secure the loan for Fox Valley Mall.
JCPenney HQ Trades in Sale-Leaseback Deal
Dreien Opportunity Partners paid $353 million to acquire the 650,000 square feet of Class A office space within the master-planned Legacy Business Park.
Wheeler Buys Georgia Shopping Center for $37M
The purchase of Rivergate Shopping Center marks the 23rd year-to-date acquisition for the company.