Charlotte-based The Providence Group completed four retail lease transactions totaling nearly 100,000 square feet across the Carolinas. The activity includes two transactions with HomeGoods, as well as additional deals with Homesense and T.J. Maxx. The Providence Groups Melissa McDonald, who…
Institutional Property Advisors (IPA), a division of Marcus & Millichap, has listed Pacific Trails Apartments, an 84-unit apartment property located in Covina within the San Gabriel Valley. The price is open bid. “Located close to entertainment and shopping along Arrow Highway and…
The former Dom’s Kitchen and Market location in Lincoln Park will be replaced by The Fresh Market, a North Carolina-based supermarket chain. The Fresh Market will take over the 2730 North Halsted Street space, which was previously home to one…
Fitch Ratings said its overall U.S. CMBS delinquency rate increased nine basis points to 2.42% in May from 2.33% in April 2024 due to maturity defaults of several large regional mall and office loans. Led by the $255-million maturity default of a loan…
What used to be called the Hickory Hollow Mall was the largest retail center in Tennessee. But like many malls across the country, it met its demise, and the Metro bought it and the 57 acres for $44 million. Soon…
Construction on Airabella Lake Oconee, a 137-acre mixed-use project east of Atlanta, is set to begin this summer. Choice Gateway is developing the project. The developers hope to complete all aspects of the project by 2026. Plans call for a…
Whitestone Companies acquired the 275-room Le Méridien Atlanta Perimeter in partnership with Shaner Hotels. Starwood Capital Group was the seller. The 12-story, 224,684-square-foot hotel is adjacent to Perimeter Mall and near the corporate offices of State Farm and Mercedes-Benz, as…
BWE secured a total of $66.5 million in value-add financing on behalf of Wood Investment Companies for Plaza de Perris, a regional center that will total 363,582 square feet in Perris. EVP Tom Kenny and SVP Josh Boehling, both in BWE’s…
SITE Centers has spun off the Johns Creek Town Center, a 303,297-square-foot retail center in Suwanee. Big V Property Group and Equity Street Capital purchased the property. Johns Creek Town Center is Big V’s fifth acquisition in Georgia. The North…
An estimated $332 billion in potentially troubled commercial real estate debt is scheduled to mature this year, approximately one-quarter of a total of $1.3 trillion potentially troubled debt coming due between now and 2033, Newmark reported. Although loans tied to…
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