Cap rates in the single-tenant net lease sector increased for the eighth consecutive quarter within all three major sectors in the first quarter of 2024, the Boulder Group reported. Single-tenant cap rates increased to 6.42% (up seven basis points) for…
Naftali Credit Partners and J.P. Morgan provided a short-term bridge loan of $120 million to Tidal Real Estate Partners. The loan finances 1111 Church Street, a 25-story luxury multifamily and retail development in Nashville. The $120 million loan, consisting…
CP Group is repositioning the 1.2 million-square-foot CNN Center, which is now available for office and retail leasing. Rebranded as “The Center,” the mixed-use development is set to become a hub of retail, dining, content creation, and entertainment at the…
Commerce, CA-based 99 Cents Only Stores LLC said Thursday afternoon it would close all 371 of its stores. The company entered into an agreement with Hilco Global to liquidate all merchandise and dispose of certain fixtures, furnishings and store equipment. Sales…
Marcus & Millichap completed the sale of a U.S. Bank anchored center, an 11,772-square-foot retail property located in Homewood, Illinois. Senior Managing Directors, Austin Weisenbeck, Sean R. Sharko and First Vice President Adrian Mendoza, investment specialists in Marcus & Millichap’s…
Branch Properties acquired the land for Braselton Village, an upcoming Publix Super Markets-anchored shopping center in Braselton, Georgia. The 70,987-square-foot center, which is set to break ground this summer, is slated for completion in Q2 2025. In addition to Braselton…
Gorman and Company has released more information about its development activity in the Sweet Auburn district of Atlanta. The Invest Atlanta Board of Directors approved a Housing Opportunity Bond up to $3 million to help move construction forward. Both phases…
The Picklr, a fast-growing indoor pickleball franchise, celebrated the grand opening of the company’s location in Naperville this weekend. The Naperville club is within the Fox River Commons retail center and will be the first of three locations in the…
Los Angeles-based CIM Group has put its latest plans for an entertainment-centric project out there for everyone to see. The developer hopes to complete most of the project by the 2026 FIFA World Cup. The Atlanta Business Chronicle reports Centennial…
Progressive Real Estate Partners’ Roxanne “Roxy” Klein represented an American Family Care (AFC) franchisee in a lease for a 4,452 square-foot space at 2795 Cabot Dr. #157 in Corona. Lease terms were not disclosed. The space is in the popular Dos Lagos open-air shopping center which is directly adjacent to the…
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