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Lincoln Property Co., McCourt Partners Receive $132.7M Construction Loan for Culver City Multifamily Project

Amy Works — Thu, 15 Oct 2026 13:38:20 +0000

CULVER CITY, CALIF. — Lincoln Property Co. and McCourt Partners have received $132.7 million in construction financing from Bank OZK for ElevenOneEleven, a multifamily development in Culver City. Lou Friedel and Keith Rosso of Berkadia arranged financing on behalf of Lincoln and McCourt. Situated on 3.4 acres at 11111 Jefferson Blvd., ElevenOneEleven will feature a six-story development comprising 344 residences, including 52 affordable units, along with 2,000 square feet of retail space and 17,520 square feet of publicly accessible outdoor space. Additionally, ElevenOneEleven will include two full floors of residential amenities and 500 parking spaces. The project team includes KFA Architecture as architect and Kimley-Horn as civil engineer. Construction is slated to commence in the fourth quarter of 2026.

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MMCC Arranges $23.4M in Acquisition Financing for Travel Center in Mercedes, Texas

Taylor Williams — Wed, 14 Oct 2026 14:11:55 +0000

MERCEDES, TEXAS — Marcus & Millichap Capital Corp. (MMCC) has arranged $23.4 million in acquisition financing for a 2,920-square-foot travel center in Mercedes, located in South Texas’ Hidalgo County. The address was not disclosed, but the facility is located off East I-2. Ron Balys of MMCC arranged the 10-year loan, which carried a 6.75 percent interest rate and a 70 percent loan-to-value ratio, through an undisclosed national credit union. The borrower was also not disclosed.

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U.S. Realty Partners Disposes of Two-Property Retail Portfolio in Lahaina, Hawaii for $155M

Amy Works — Wed, 14 Oct 2026 13:03:25 +0000

LAHAINA, HAWAII — An affiliate of U.S. Realty Partners has completed the disposition of a two-property retail portfolio in Lahaina to 11North Partners for $155 million. The portfolio includes: Bryan Ley and Tim Kuruzar of Northmarq, along with Jamie Brown of Hawaii Commercial Real Estate, brokered the sale. Additionally, Northmarq’s Joe Giordani, Alex Kane and Matt Radich arranged $96 million in acquisition financing through PNC Bank.

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Wegmans to Open 110,000 SF Grocery Store in Charlotte This Week

John Nelson — Tue, 13 Oct 2026 15:33:21 +0000

CHARLOTTE, N.C. — Wegmans, a large-format grocer based in Rochester, N.Y., plans to open a 110,000-square-foot grocery store at 11550 N. Community House Road in Charlotte on Wednesday, Oct. 14. The store is an anchor of Ballantyne, Northwood Investors’ 2,000-acre master-planned development on the south side of Charlotte adjacent to the South Carolina border. The store will feature all traditional Wegmans departments, including produce, seafood, meat, bakery, deli, cheese and wine and beer. Additional offerings will include Meals2Go and catering, online shopping capabilities, a floral shop, coffee and home goods. The store will also have a market café with indoor and outdoor seating for customers dining at one of Wegmans’ multiple food outlets. Wegmans has hired 450 associates to operate the new store, which is currently the southernmost store in Wegmans’ network.

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Atlantic Capital Partners Brokers $18.2M Sale of Shopping Center in Dalton, Georgia

John Nelson — Tue, 13 Oct 2026 14:36:01 +0000

DALTON, GA. — Atlantic Capital Partners has brokered the $18.2 million sale of Walnut Square, a 127,391-square-foot, newly constructed shopping center in Dalton, a North Georgia city near the Tennessee border. Fred Victor, Sam Koonce, Teddy Driscoll and Matt Austin of Atlantic Capital Partners represented the undisclosed seller in the transaction. The buyer was also not disclosed. Situated off Ga. Highway 52 near I-75, Walnut Square was 99 percent leased at the time of sale to tenants including Food City, Ross Dress for Less, Ulta Beauty, PetSmart, Bath & Body Works, AT&T, Kay Jewelers and Crumbl Cookies.

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Investors Are Hungry for Retail Deals, But Not Enough Assets Are for Sale to Satisfy Appetite

Kristin Harlow — Tue, 13 Oct 2026 13:24:47 +0000

A lack of quality inventory is one of the prominent factors shaping the retail investment sales landscape. Simply put, there is more capital seeking retail opportunities than there are assets available for purchase, says Michael Marks, executive director of retail capital markets with Cushman & Wakefield in Chicago. Strong leasing activity and rising rents are bolstering investor confidence in the retail market, he adds. Amid historically low vacancy, U.S. retail asking rents grew 2.2 percent year-over-year to $25.65 per square foot triple net, according to Cushman & Wakefield’s second-quarter report. Structural supply constraints continue to support sustained rent growth, as the development pipeline represents less than 0.3 percent of existing inventory. Retail investors are firmly in acquisition mode, according to JLL’s second-quarter U.S. report. In the first half of the year, retail investment sales volume reached $33 billion, up 14 percent year-over-year and the strongest first half since 2022. Evan Lyons, executive vice president with West Bloomfield, Michigan-based Encore Real Estate Investment Services, poses the question — where does the next wave of inventory for transactions come from? “Some will come naturally through ownership transitions, partnership changes, fund lifecycles and other reasons investors need to sell,” predicts Lyons. “Debt maturities…

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Strong Tenant Sales Keep Philadelphia Retail Market Humming

Taylor Williams — Tue, 13 Oct 2026 11:52:00 +0000

By Taylor Williams “People are still spending money.” That’s what Nick Skeparnias, principal at Agora Commercial Realty Partners, a full-service advisory and development firm, identifies as the single-biggest point of optimism about the state of the greater Philadelphia retail market. According to data from the U.S. Commerce Department, U.S. retail sales totaled roughly $774 billion in August, a 1.2 percent increase over the previous month. The Wall Street Journal also reports that spending in discretionary categories of retail, namely electronics and appliances, rose by 1.6 percent in August versus July. And according to both The Journal and Breitbart, the actual volume of retail sales in August exceeded economists’ expectations by anywhere from 40 to 70 basis points. Within Skeparnias’ simple, five-word declarative statement, there’s no question that “still” is the operative term. “Retail is only as good as the money that people have to spend on it,” he elaborates. “So when you consider the biggest concerns for this asset class, there’s nothing specific to retail itself, but issues that are more global. There’s always going to be something at the retail level; first it was e-commerce, then COVID-19. Now we have AI [artificial intelligence], and if that starts taking people’s…

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Newmark Negotiates $30M Sale of Trophy Retail Property in Downtown Chicago

Kristin Harlow — Mon, 12 Oct 2026 14:56:19 +0000

CHICAGO — Newmark has arranged the $30 million sale of Block 37, a 277,654-square-foot trophy retail property located in downtown Chicago. Block 37 comprises five floors of retail space anchored by a mix of tenants including Zara, Sephora, AMC Theatres and The Dearborn, and a four-level underground parking garage. The property is situated within the larger Block 37 mixed-use development that also features residential and office towers. Keely Polczynski and Brian Schneiderman of Newmark represented the seller, CIM Group, in the transaction.

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Buc-ee’s Opens 74,000 SF Travel Center in San Marcos, Texas

Taylor Williams — Mon, 12 Oct 2026 14:39:58 +0000

SAN MARCOS, TEXAS — Buc-ee’s has opened a 74,000-square-foot travel center in San Marcos, located roughly midway between Austin and San Antonio. The facility at 3245 N. I-35 features 128 fueling positions and is expected to account for the creation of more than 200 new jobs within the local economy. A ribbon-cutting ceremony took place on Wednesday, Aug. 12. Buc-ee’s, which is based in the Houston area, now operates 36 travel centers throughout Texas.

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JLL Negotiates Sale of Whole Foods-Anchored Retail Center in Metro Nashville

Abby Cox — Mon, 12 Oct 2026 13:27:45 +0000

FRANKLIN, TENN. — JLL Capital Markets has arranged the sale of Southside at McEwen, a 92,470-square-foot retail center located in Franklin, roughly 20 miles south of downtown Nashville. Jim Hamilton, Brad Buchanan and John Perry Hilton of JLL represented the seller, New York City-based Nuveen Real Estate, in the transaction. Dallas-based Lincoln Property Co. served as the investment advisor for the buyer, a high net-worth family office. The sales price was not disclosed. Whole Foods Market anchors Southside at McEwen, which was built in 2012 on approximately 10.5 acres. The fully leased center features a mix of additional tenants such as lululemon, Flower Child, Solidcore, BrickTop’s, Kendra Scott, Fab’rik and PNC Bank.

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Two New Retail Tenants Open at Dadeland Station in Miami

Abby Cox — Mon, 12 Oct 2026 13:25:12 +0000

MIAMI — Two new anchor retail tenants have opened at Dadeland Station, a 350,000-square-foot, three-level retail power center located in Miami, just east of the Dadeland Mall. Burlington opened in August, followed by Marshalls in September. Together, the off-price retailers add approximately 62,000 square feet of leased space to the property. The new stores join a roster of additional tenants including Target, Best Buy, Michaels, PetSmart, Starbucks Coffee, Subway, Avis, Enterprise Rent-A-Car and Lan Pan-Asian Café. Berkowitz Development Group holds a 60 percent majority stake in Dadeland Station, managing and operating the property since its construction in 1996. The remaining 40 percent is privately held by investment partners.

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Quality Continues to Drive Louisville’s Retail Investment Market

John Nelson — Mon, 12 Oct 2026 11:32:00 +0000

Retail investment gained meaningful momentum during the first half of 2026, reflecting growing confidence in market fundamentals and long-term consumer demand. While the national vacancy rate sits at 6 percent, Louisville’s current vacancy rate for retail is at 3.9 percent, according to the “Q2 2026 Cushman & Wakefield National Retail Report.” The Louisville market continues to demonstrate many of the characteristics that retail investors value: established trade areas, strong grocery-anchored corridors, limited new construction and a growing number of national retailers making long-term commitments to the market. Retail real estate remains particularly strong in the eastern and northeastern portions of Louisville, with grocery-anchored space continuing to perform well. Cushman & Wakefield research also points to continued investment and new development taking shape across the market. Louisville has seen roughly $165 million in shopping center transactions close over a recent 12-month stretch, driven heavily by private capital and 1031 exchange buyers. The properties that consistently attract attention are those with strong visibility, established traffic patterns, durable tenancy and demographics that support long-term consumer spending. Publix reshapes map Perhaps the clearest example of where Louisville retail is heading is Publix. From an investment perspective, we believe the significance of Publix goes well…

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Marcus & Millichap Brokers Sale of 51,542 SF Retail Property in Richardson, Texas

Taylor Williams — Fri, 09 Oct 2026 16:33:52 +0000

RICHARDSON, TEXAS — Marcus & Millichap has brokered the sale of a 51,542-square-foot retail property in the northeastern Dallas suburb of Richardson. Known as Baybury Square Shopping Center, the 11-acre property consists of two multi-tenant centers and two freestanding buildings that were built in 1966. Baybury Square Shopping Center was 64 percent leased at the time of sale. Philip Levy and Scott Abeel of Marcus & Millichap represented the seller, an out-of-state investor, in the transaction, and procured the buyer, a local developer. Both parties requested anonymity.

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STRIVE Negotiates Sale of 16,599 SF Shopping Center in Granbury, Texas

Taylor Williams — Fri, 09 Oct 2026 16:31:27 +0000

GRANBURY, TEXAS — Dallas-based brokerage firm STRIVE has negotiated the sale of a Fountain Oaks Shopping Center, a 16,599-square-foot retail property in Granbury, about 40 miles southwest of Fort Worth. Built in 2013, the center was 96 percent leased at the time of sale to tenants such as Village Nail Spa, Rotech Healthcare, Profile Medical, Lift Rock, Farmers Insurance and Affordable Dentist Near Me. STRIVE represented the undisclosed seller in the transaction. The buyer and sales price were not disclosed.

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CBL Properties Receives $135M Refinancing for Mall in St. Louis

Hayden Spiess — Fri, 09 Oct 2026 15:37:09 +0000

ST. LOUIS — CBL Properties (NYSE: CBL) has received a $135 million refinancing of its mortgage loan for West County Center, a regional mall located in St. Louis. The new loan, which replaces an existing $136.4 million loan that was scheduled to mature in December, carries a five-year term with a fixed interest rate of 7.4 percent. After repayment of the maturing loan and the release of existing escrow balances, CBL received roughly $2 million in net proceeds from the new financing. The financing also removes the cash management sweep associated with the prior loan, which will result in an estimated $7 million in annual free cash flow for CBL going forward. With the refinancing, CBL Properties has addressed its final near-term debt maturity, according to the company. West County Center totals almost 1.2 million square feet. Anchor tenants at the property include Macy’s, Dick’s Sporting Goods and the only Nordstrom store in the state. In 2026, new leases have been executed with The Cheesecake Factory, Free People Movement, Levi’s, L’Occitane en Provence, POPMART, Miss A and Urban Outfitters, among other retailers. CBL acquired its joint venture partner’s interest in the mall and two other retail properties in 2024 for…

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CBRE Brokers Sale of 133,717 SF Shopping Center in Bartonsville, Pennsylvania

Taylor Williams — Fri, 09 Oct 2026 15:26:26 +0000

BARTONSVILLE, PA. — CBRE has brokered the sale of Shops at Crossroads, a 133,717-square-foot shopping center in Bartonsville, located roughly midway between Allentown and Scranton in Eastern Pennsylvania. Grocer GIANT anchors Shops at Crossroads, which was built in 2009 and is also home to tenants such as Visionworks, Red Lobster, Jersey Mike’s and CosmoProf. Chris Munley, Colin Behr, Ryan Sciullo and Casey Smith of CBRE represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

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Northmarq Arranges $15M Loan for Refinancing of Queens Shopping Center

Taylor Williams — Fri, 09 Oct 2026 15:22:41 +0000

NEW YORK CITY — Northmarq has arranged a $15 million loan for the refinancing of the 34,949-square-foot Atlantic Plaza Shopping Center in Queens. The center, which is located in the borough’s Ozone Park neighborhood, was built in 1984 and is home to tenants such as Bravo Supermarkets, Lenox Hill Radiology, Four Leaf Federal Credit Union and Dunkin’. Robert Delitsky and Keith Braddish of Northmarq arranged the loan through an undisclosed commercial bank on behalf of the owner, Schuckman Realty Inc.

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CrownPoint Arranges $9.2M Sale-Leaseback of Dental Portfolio in Michigan

Hayden Spiess — Fri, 09 Oct 2026 14:59:34 +0000

LANSING, MICHIGAN — National real estate brokerage firm CrownPoint Partners has arranged the $9.2 million sale-leaseback of a five-property dental portfolio located across lower Michigan. CrownPoint represented both the seller and buyer in the transaction, which went from contract to close in 42 days. The portfolio consists of five dental properties totaling 35,212 square feet across Lansing, Charlotte, Adrian, Saint Joseph and Jackson, Michigan. The transaction was structured with new 15-year absolute-net leases featuring 2 percent annual rent increases, providing the buyer with long-term contractual income and no landlord responsibilities. The portfolio spans established healthcare and retail corridors throughout Michigan and serves combined trade areas encompassing more than 1.6 million residents. The properties benefit from regional connectivity to major transportation routes, including I-94, I-96, I-69, U.S. 127 and U.S. 31, as well as proximity to major healthcare systems throughout the state, according to CrownPoint.

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CNSREIT Acquires 303,000 SF Shopping Center in Phoenix

Amy Works — Fri, 09 Oct 2026 14:51:29 +0000

PHOENIX — Cohen & Steers Income Opportunities REIT (CNSREIT) has acquired Grand Canyon Crossing, a 303,000-square-foot shopping center located in Phoenix. Walmart Supercenter anchors the property, which was 99 percent leased at the time of sale. Additional tenants include Harbor Freight Tools, Wendy’s, YouFit Health Club, Sally Beauty Supply, Nationwide Vision Center, Denny’s, Starbucks Coffee, Sonic, Jamba and Quick Quack Car Wash. The retail center was built on 33 acres in 2005. CNSREIT acquired Grand Canyon Crossing through a joint venture with the Sterling Organization. Further details of the transaction were not disclosed.

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PSRS Arranges $11.7M in Acquisition Financing for Multi-Tenant Retail Plaza in San Bernardino, California

Amy Works — Fri, 09 Oct 2026 14:41:03 +0000

SAN BERNARDINO, CALIF. — PSRS has arranged $11.7 million in acquisition financing for a multi-tenant retail center in San Bernardino. Jonny Soleimani and Garrett Carter of PSRS secured the loan, which was structured with a 70 percent loan-to-value ratio, a two-year interest-only term and a built-in extension option, through a regional bank The borrower was undisclosed. Situated on 12.6 acres, the 66,713-square-foot property features 26 retail suites, including a gym anchor. Built in 2014, the property was 60 percent leased at the time of loan closing.

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