A new residential and retail project is coming to the Oak Cliff area of southwest Dallas.
GroundFloor Development, an urban multifamily housing and mixed-use developer based in Dallas, purchased 2.67 acres at 2105 and 2211 W. Davis St. for the site of the new development, which can support a five-story apartment building with street-level retail space, and 20 townhomes.
The land has frontage on W. Davis St., N. Oak Cliff Blvd. and Stevens Village...
GroundFloor Purchases Oak Cliff Site for Future Mixed-Use Project
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Ivanhoé Cambridge Appoints 25-Year Veteran President
Pictured: Nathalie Palladitcheff, the new president of Ivanhoé Cambridge.Ivanhoé Cambridge has a new president, appointing 25-year finance and real estate industry veteran Nathalie Palladitcheff to the position that makes her one of the highest-ranking women in Canadian commercial real estate.
The subsidiary of the Caisse de dépôt et placement du Québec has more than $60 billion in assets, and Palladitcheff will be responsible for making sure the...
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South African REIT Teaming Up with Rainier Cos. To Buy Shopping Center in Indianapolis
Stony Creek Marketplace
The Rainier Cos. has begun pitching a new investment offering set up to acquire Stony Creek Marketplace, a 204,811 square foot Class A regional power center in Noblesville (Indianapolis), IN.
Called Rainier Stony Creek Investors, the fund's investors will include Emira Property Fund, a publicly traded REIT in Johannesburg, South Africa.
The offering is available exclusively through CrowdStreet, an online, direct-to-investor...
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Spirit Realty Files To Spin-Off ShopKo Assets into a New REIT
Spirit Realty Capital Inc. (NYSE:SRC) filed its public paperwork to form a Spirit MTA REIT. The move follows plans announced last summer to spin-off its ShopKo store leased real estate and other properties into a separate publicly traded REIT.
The new Spirit MTA REIT is expected to own investments in a portfolio of 901 properties, about 58% of which are operated under master leases.
As of year-end 2017, the properties had an occupancy of 99...
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JAE Adds 34 Wendy’s Restaurants Near Knoxville to Growing Portfolio
One of the Wendy's included in the package at 4257 Rhea County Hwy. in Dayton, TN
Wendy’s, headquartered in Dublin, OH, sold 34 retail buildings near Knoxville, TN to JAE Restaurant Group as an initiative to drive the fast food chain’s goal to own five percent of its 6,500 restaurants.
JAE now owns 212 Wendy’s restaurants throughout Florida, New Mexico, Texas and Tennessee. The Pompano Beach, FL-based restaurant group plans to remodel all of...
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Portion of The Shops at Fort Union Trades for $142M
Shopcore Properties, a San Diego-based investment firm with a portfolio totaling more than 24 million square feet, sold a 688,549-square-foot portion of the more than 830,000-square-foot The Shops at Fort Union in Midvale, UT to CCA Acquisition Co. for $142 million, or approximately $206 per square foot.
The Shops at Fort Union delivered in 1974 on nearly 110 acres at the intersection of S. Union Park Ave. and E. Fort Union Blvd. The shopping...
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Canadian Investor Buys Triangle Center Retail Property
Bastion Development Corp. acquired the Triangle Center retail strip at 12717-12761 Washington Blvd. in Los Angeles, CA from a living trust for $17.5 million, or approximately $1,085 per square foot.
Built in 1945, the single-story, 16,128-square-foot retail center sits on 1.1 acres in the Marina Del Rey / Venice retail submarket of Los Angeles County.
Alex Kozakov, Patrick Wade and Neal Golub of CBRE represented the seller. Mary Cronin with...
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South African REIT Teams with Rainier Cos. to Buy Indianapolis Shopping Center
Stony Creek Marketplace
The Rainier Cos. has begun pitching a new investment offering set up to acquire Stony Creek Marketplace, a 204,811-square-foot regional power center in Noblesville, IN near Indianapolis.
The fund, Rainier Stony Creek Investors, includes Emira Property Fund, a publicly traded REIT in Johannesburg, South Africa, as an investor.
The offering is available exclusively through online marketplace CrowdStreet.
Stony Creek...
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Spirit Realty Files to Spin-Off ShopKo Assets into New REIT
Net-lease REIT SpirSpirit Realty Capital Inc. (NYSE:SRC) filed paperwork to launch a separate REIT called Spirit MTA REIT following plans announced last summer to spin-off its ShopKo store-leased real estate and other properties into a separate publicly traded REIT.
The new Spirit MTA REIT is expected to own investments in a portfolio of 901 properties, about 58% of which are operated under master leases.
As of year-end 2017, the properties...
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Fallas Paredes Takes 50,000 SF in Bridgeport
Fallas Paredes, a Los Angeles-based discount retailer, has signed a lease for 50,000 square feet in the Shoppers Fair Plaza at 180 Boston Ave. in Bridgeport, CT.
The 193,694-square-foot retail center delivered in 1954 on 11.8 acres. Other tenants in the shopping center include Price Rite and Modell's Sporting Goods.
William Cafero of Charter Realty & Development represented the landlord, Tartaglia Associates.
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Wagamama Leases Two Midtown Locations
Wagamama, the London-based Asian inspired food chain, signed two separate leases totaling nearly 14,000 square feet at two Fisher Brothers’ properties: 1345 Avenue of the Americas and 605 Third Ave. (pictured, right) in New York City.
1345 Sixth Ave. stands at 50 stories and is currently undergoing a major capital improvement program to include the lobby, public plaza and new conference spaces. Wagamama will occupy 7,000 square feet on the ground...
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Ownership Group Expands Holdings on 1st St. in Downtown San Jose
A group of local investors has purchased the 24,436-square-foot, multi-tenant retail building at 30 E. Santa Clara St. in downtown San Jose for $6.2 million, or about $254 per square foot.
The ownership group also owns the neighboring buildings at 26 S 1st St. and the Bank of Italy Building at 12 S. 1st, with the venture acquiring both properties this past December. The buyers previously announced plans to renovate the historic Bank of Italy...
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VK Realty Acquires Bob Evans Restaurant at French Creek Square in Avon
Jericho, NY-based VK Realty acquired a 5,426-square-foot Bob Evans retail building at 36160 Detroit Rd. in Avon, OH from Cogency Global for $2.6 million, or approximately $480 per square foot.
The restaurant is located within the 71,238-square-foot French Creek Square shopping center. French Creek Square is leased to tenants including Five Guys Burgers and Fries, Mattress Warehouse, Verizon Wireless, Great Clips and Moe’s Southwest Grill.
The...
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Roche Site Redeveloper Preaches Office Transformation
James Hughes (pictured, left), professor and former dean of the Edward J. Bloustein School of Planning and Public Policy at Rutgers University, was the keynote speaker Monday night at the Suburban Revitalization Forum held by Prism Capital Partners on ON3's campus in Nutley, NJ. Gene Diaz (right), principal partner with Prism, spoke at the session.
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Loup Development Sells Cheyenne Plaza Shopping Center
Loup Development Co. out of Englewood, CO has sold the Cheyenne Plaza Shopping Center in Colorado Springs, CO, to Monitor Realty out of California for slightly more than $9.3 million, or about $121 per square foot.
The 76,839-square-foot neighborhood center is home to Dollar General, Accolade Fitness and Westside Fitness, among others. It delivered in 1987 at 1779-1791 S. 8th St. in Colorado Springs' Southwest Retail submarket.
John Egan, Tiffany...
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Zapolski Real Estate Acquires Asheville Market Shopping Center
Zapolski Real Estate, a privately-owned real estate firm headquartered in Durham, NC, acquired the Whole Foods-anchored Asheville Market retail center at 4 S. Tunnel Rd. in Asheville, NC, from Edens, Inc. The sales price was not disclosed.
The Durham-based investor also secured acquisition financing for the center though Citigroup Global Markets.
Built in 1980 on a 13.14-acre site near I-240, Asheville Market Center totals 130,307-square and...
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Hertz Car Sales Leases 28,000 SF in Gresham
Credit: Hertz Car Sales
Hertz Car Sales, the pre-owned car sales arm of The Hertz Corp. (NYSE: HRI), signed a retail lease for 28,297 square feet at 1940 E. Powell Blvd. in Gresham, OR.
The tenant will occupy the entire 28,297-square-foot building upon its move-in this May. Built in 1964, this property previously served as a Ford dealership. Hertz Car Sales currently has six other locations in Oregon.
Becki Christian of Bickmore Enterprises...
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Old Navy to Open Location at The Shops at Walnut Creek
Old Navy has signed a lease for a new store at The Shops at Walnut Creek in Westminster, CO.
The American clothing and accessories retailer will open a 15,331-square-foot location at 10460 Town Center Dr., one of 14 buildings that comprise the 413,466-square-foot Shops at Walnut Creek.
Constructed in 2005, the Westminster power center is anchored by Target, PetSmart, Michaels and TJ Maxx.
SRS Real Estate Partners’ Erik Christopher represented...
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Ivanhoé Cambridge Appoints 25-Year Veteran Palladitcheff as President
Pictured: Nathalie Palladitcheff, the new president of Ivanhoé Cambridge.Ivanhoé Cambridge has a new president, appointing 25-year finance and real estate industry veteran Nathalie Palladitcheff to the position that makes her one of the highest-ranking women in Canadian commercial real estate.
The subsidiary of the Caisse de dépôt et placement du Québec has more than $60 billion in assets, and Palladitcheff will be responsible for making sure the...
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No Traffic Jams for This Liberty Village Developer
The notorious traffic from Toronto's Liberty Village into the downtown core was the last thing on developer Richard Hylands' mind when he launched his latest project in the popular neighbourhood.
As he broke ground last month on the 145,000-square-foot office and retail building at 99 Atlantic Avenue, battles over clearing King Street to make way for streetcars to get residents to and from the ever-popular Toronto residential community did not...
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