Restaurant

Bass Pro Shops Acquires 27-Acre Cheeca Lodge & Spa Resort in Florida Keys

by John Nelson July 14, 2026

ISLAMORADA, FLA. — Bass Pro Shops, an outdoors retailer based in Springfield, Mo., has purchased Cheeca Lodge & Spa, a 27-acre resort in the Florida Keys city of Islamorada that was established in 1946. Northwood Investors sold the property to Bass Pro Shops but will continue to manage the 254-room resort and grounds, which includes multiple hotel layouts; several restaurants and bars, including the Pierre’s Restaurant and Beach Café & Bar and 25 South tiki bar; indoor meeting spaces and conference rooms; three swimming pools, including a zero-entry oceanfront pool; a fitness center and spa with treatment rooms; nine-hole golf course designed by Jack Nicklaus; pickleball and tennis courts; the World Wide Sportsman Store & Marina; and the longest fishing pier in the Keys. The property also includes staff housing and operates under a mixed ownership structure comprising 169 fee-simple hotel rooms and 85 third-party-owned condominiums participating in the rental program. Daniel Peek, Andrew Dickey, Chris Drew and Maciej Polek of JLL represented Northwood Investors, which has owned and managed the Cheeca Lodge & Spa for the past 15 years. The sales price and future plans for the resort were not disclosed.

July 14, 2026

Connecticut Leasing Activity Northeast Restaurant Retail

Golf Lounge 18 Opens 7,700 SF Entertainment Venue in Stamford, Connecticut

by Taylor Williams July 13, 2026

STAMFORD, CONN. — Golf Lounge 18 has opened a 7,700-square-foot entertainment venue in the southern coastal Connecticut city of Stamford. The space is located within Atlantic Station, a mixed-use development in the downtown area, and features multiple golf simulators in addition to food-and-beverage offerings. Golf Lounge 18 now operates 11 venues nationwide. RXR owns Atlantic Station.

July 13, 2026

Hospitality Market Reports North Carolina Office Restaurant Retail Southeast Southeast Market Reports

Western North Carolina Is Changed, But Not Broken, Following Hurricane Helene

by John Nelson July 13, 2026

Hurricane Helene was not a modest disruption. It was a disaster of historic scale. The North Carolina Office of State Budget and Management estimated total damage and recovery needs at $59.6 billion as of Dec. 2024, including damage to more than 73,000 homes, more than 100 confirmed deaths in North Carolina and a federal disaster declaration covering 39 counties. As a broker in Western North Carolina (WNC), I am often asked why the commercial real estate market has remained as strong as it has. The answer is not that the market avoided pain. It did not. The answer is that a tightly supplied market behaves very differently from a soft market after a disaster. In WNC, Hurricane Helene did not expose oversupply. It exposed scarcity. Before Helene, the Asheville-area commercial market already had very little slack. In NAI Beverly-Hanks’ second-quarter 2024 Asheville MSA commercial market report, CoStar Group-derived vacancy stood at 5.3 percent for industrial, 2.8 percent for office and 1.6 percent for retail. Earlier 2024 reporting from the same source showed similarly constrained conditions, reinforcing the same point: this was already a tight market before the storm arrived. A familiar recovery pattern That pre-storm scarcity shaped the recovery pattern. …

July 13, 2026

Market Reports Nevada Restaurant Retail Western Western Market Reports

From Office to Experience: Retail Repositioning Gains Ground in Las Vegas

by John Nelson July 10, 2026

Adaptive reuse has always been an astute trend when it comes to utilizing location, existing bones, and saving a little time and money on delivery. It’s also particularly useful in submarkets like the southeast Las Vegas submarket of Henderson where strong population growth and rising household incomes outpace the availability of new retail. This long-standing unmet demand for Class A retail has inspired one developer to reshape how it views underperforming office assets. Steve Neiger, managing principal at CAST Capital Partners, is co-developing the Cliff, a 100,000-square-foot office-to-retail conversion in Henderson’s Green Valley Ranch submarket. The project involves the repositioning of a vacant, low-density suburban office property that had struggled to remain competitive as newer product and shifting workplace trends weighed on demand. Rather than pursue a traditional office lease-up or a residential conversion, the development team, which includes Partners Capital, is transforming the site into an open-air retail and dining destination designed to better align with the area’s demographics, accessibility and surrounding residential density. The repositioning reflects a broader trend in how developers are evaluating aging office assets in high-growth suburban markets, particularly where strong consumer demand is not being met by existing retail supply. Situated along Paseo Verde …

July 10, 2026

Acquisitions California Restaurant Retail Western

Marcus & Millichap Arranges $5.1M Sale of Single-Tenant Restaurant Property Near Los Angeles

by Amy Works July 9, 2026

WOODLAND HILLS, CALIF. — Marcus & Millichap has arranged the $5.1 million sale of a single-tenant restaurant building located approximately 26 miles northwest of downtown Los Angeles in Woodland Hills. Built in 1978, the 10,000-square-foot building is leased to full-service Mexican restaurant El Torito. Brandon Michaels of Marcus & Millichap marketed the property on behalf of the seller, an entity doing business as Kia Canoga Warner LLC, and procured the buyer, an undisclosed private investor.

July 9, 2026

Acquisitions Arizona Restaurant Retail Western

Cushman & Wakefield Brokers $2.4M Sale of Black Rock Coffee Bar in El Mirage, Arizona

by Amy Works July 8, 2026

EL MIRAGE, ARIZ. — Cushman & Wakefield has brokered the $2.4 million sale of a newly developed restaurant building located at 12443 NW Grand Ave. in El Mirage, located west of Glendale. The sales price was $2.4 million. Black Rock Store Operations LLC occupies the 620-square-foot building via one of its 181 Black Rock Coffee Bar locations across seven states. The coffee bar offers specialty coffee, energy drinks, breakfast sandwiches, bagels, egg bites and grab-and-go pastries. Chris Hollenbeck and Shane Carter of Cushman & Wakefield represented the seller in the deal. Both parties were limited liability companies.

July 8, 2026

Leasing Activity Restaurant Retail Texas

Three Tenants Sign Leases at Shops at Starwood in Frisco

by Taylor Williams July 6, 2026

FRISCO, TEXAS — Three tenants have signed leases totaling 5,944 square feet at The Shops at Starwood, a 90,667-square-foot retail center located north of Dallas in Frisco. The tenants are Stackz Smashburgers & Cocktails (2,500 square feet), 33 Peaks Café (1,174 square feet) and Mr. Winston’s Barbershop (1,730 square feet). Houston-based Whitestone REIT owns The Shops at Starwood. All openings are slated for 2026.

July 6, 2026

Development Northeast Pennsylvania Restaurant Retail

Comcast Spectator, Cordish Cos. Complete Redevelopment of South Philadelphia Sports Complex

by Taylor Williams July 2, 2026

PHILADELPHIA — Philadelphia-based Comcast Spectator and The Cordish Cos., a Baltimore-based developer specializing in sports-anchored entertainment districts, have completed the redevelopment of the Stateside Live! sports complex in South Philadelphia. The redevelopment features the addition of a two-story building with a rooftop space known as AVA Rooftop Bar, a performance stage with 1,000 premium seats and a 5,000-person capacity, an expansion of PBR Philly via a dedicated outdoor stage and dance floor and an open-air beer garden. Ownership also introduced new dining options, including local restaurants such as Chickie’s & Pete’s, Lorenzo’s Pizza and Geno’s Steaks. The project was first announced in late 2024.

July 2, 2026

Acquisitions California Mixed-Use Restaurant Retail Western

Redwood West, Panattoni Purchase 394,616 SF The Pike Lifestyle Center in Long Beach, California

by Amy Works July 1, 2026

LONG BEACH, CALIF. — Redwood West, in partnership with Panattoni, has purchased The Pike, a 394,616-square-foot waterfront retail, dining and entertainment lifestyle center in Long Beach. Terms of the purchase were not released. Located at 95 S. Pine Ave., The Pike features mixed-use commercial space that was 91 percent leased at the time of sale. Current tenants include Cinemark Theaters, Restoration Hardware, EōS Fitness, Nike Factory Store, H&M, Levi’s, P.F. Chang’s, Gladstones, California Pizza Kitchen and Starbucks Coffee. Redwood West and Panattoni plan to invest $20 million to deliver placemaking initiatives, community-focused events, strategic leasing, neighborhood-serving uses and experiential activations.

July 1, 2026

Acquisitions Restaurant Retail Southeast Tennessee

Matthews Brokers $8.5M Sale of Retail Strip Center in East Nashville

by John Nelson June 29, 2026

NASHVILLE, TENN. — Matthews has brokered the $8.5 million sale of a retail strip center located at 1000 Woodland St. in east Nashville’s Five Points district. Built in 2023, the retail center spans 8,207 square feet and houses two tenants: Bartaco and Edley’s Bar-B-Que, which occupy the center on 10-year triple-net leases with annual rent escalations. Ben Burnett of Matthews brokered the transaction. The buyer was a locally based private investor completing a 1031 exchange. The seller was also not disclosed. Additionally, Matthews Capital Markets’ team secured a $5.1 million, five-year acquisition loan through a locally based lender for the buyer.

June 29, 2026

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