Optima, Inc., an integrated real estate firm, announced Reform Studios will open at Optima Signature, a 57-story luxury apartment tower comprising 490 apartments and 58,000 square feet of commercial space in Chicago’s Streeterville neighborhood. Reform Studios joins Optima Signature’s roster…
Net lease cap rates have risen again in the second quarter of 2024, with average caps increasing by 12 basis points quarter-over-quarter to 6.27%, B+E reported. Also up are the average times on the sale market, which increased by 0.8…
Progressive Real Estate Partners arranged the $3.5-million all-cash sale of a 7-Eleven anchored triple-net retail strip center at 728 W. Vernon Ave. in Los Angeles. The 6,300-square foot, three-tenant center is fully leased. President Brad Umansky, CCIM and investment sales advisor Lance Mordachini represented both parties in the transaction. …
Continental Realty Corporation (CRC) has expanded its real estate portfolio with the acquisition of Gayton Crossing, a 160,830-square-foot shopping center in Richmond, Virginia. Terms of the sale were not disclosed. The acquisition was made with funds from Continental Realty Opportunistic Retail Fund…
Earlier this year, Regency Centers completed demolition at the site for Avenida Biscayne, a retail center 15 miles north of Miami in Miami-Dade County. Regency Centers is investing $23 million in the redevelopment of three retail buildings totaling more than 28,000…
CBRE arranged the $7.8-million sale of Main Street Village Center, a 20,000-square-foot-retail center located at 135, 175, and 265 E. Ontario Ave. in Corona. The firm’s Alan Krueger and Vanessa Haddad represented the all-cash, non-trade buyer, Pacific Petroleum, Inc., as well…
EDENS, owner and developer of over 100 open-air retail and mixed-use shopping centers, has unloaded Fountain Oaks in Sandy Springs. Jamestown, the buyer, paid $48 million for the 160,000-square-foot center, which is anchored by a Krogers supermarket. Fountain Oaks is…
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…
Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and…
Charlotte-based The Providence Group executed 22 retail transactions totaling more than 250,000 square feet in more than 20 markets across the Carolinas. In 2023, The Providence Group executed more than 180 retail brokerage transactions across its core Carolinas markets, totaling…
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