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Shopoff Realty Breaks Ground on Westminster Mall Redevelopment Project in Orange County

Amy Works — Fri, 01 May 2026 14:30:44 +0000

WESTMINSTER, CALIF. — Shopoff Realty Investment has broken ground on Bolsa Pacific at Westminster, a mixed-use redevelopment of the vacant Westminster Mall in Orange County. Designed by AO, the project will transform the former mall into a 83.3-acre downtown destination. Upon completion, Bolsa Pacific will feature 2,250 residential units, 220,000 square feet of retail and restaurant space, a 120-key hotel and more than 15 acres of publicly accessible open space. The residential component will include market-rate and affordable housing, as well as for-sale townhomes spread across five multifamily buildings. Demolition of the former Westminster Mall is underway. The existing Target will remain open during construction, with a new store planned and relocated within the overall development. The project is located along the 405 Freeway and 10 minutes from the Los Angeles County border. In 2024, the scope of the initial project expanded from a 25.8-acre assemblage to encompass the full 83.3-acre former mall site. The expansion enables a comprehensive reimagining of the property that will transform the single-use retail center into a connected mixed-use district.

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Academy Sports + Outdoors to Open 130,000 SF Store in Fairview, Texas

Taylor Williams — Fri, 01 May 2026 14:03:15 +0000

FAIRVIEW, TEXAS — Academy Sports + Outdoors will open a 130,000-square-foot store in Fairview, a northeastern suburb of Dallas. The retailer will backfill a former Macy’s store at Fairview Town Center, a 921,075-square-foot power center that first opened in 2009. Thomas Glendenning of SHOP Cos. negotiated the lease on behalf of the Fairview Economic Development Corp. Remodeling of the space is underway, and Academy expects to open its doors in the coming weeks.

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SRSA Negotiates $7.2M Sale of Ground-Floor Retail Condominium in New Orleans

Abby Cox — Fri, 01 May 2026 13:43:52 +0000

NEW ORLEANS — SRSA Real Estate has negotiated the $7.2 million sale of a ground-floor retail condominium at 1200 Poydras St. in New Orleans near the Caesars Superdome, home of the NFL’s New Orleans Saints. Chick-fil-A and Hurts Donut anchor the 17,270-square-foot space, with Juicy Seafood expected to open immediately. Steve Reisig and Christopher Robertson Jr. of SRSA Real Estate represented the seller, an entity doing business as Poydras Properties II LLC, in the transaction. The buyer requested anonymity.

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Associated Bank Provides $22.6M Loan for Redevelopment of Former Grocery Store in Metro Chicago

Kristin Harlow — Fri, 01 May 2026 13:02:00 +0000

BUFFALO GROVE, ILL. — Associated Bank has provided a $22.6 million loan to Shorewood Development Group for the acquisition and redevelopment of a vacant, 66,083-square-foot former grocery store at 1160 W. Lake Cook Road in Buffalo Grove. The sale also included an outlot site. Named Chase Plaza, the project will feature a two-tenant, grocery-anchored retail building occupied by Sprouts Farmers Market and Club Studio fitness center. The space had been vacant for years. The project marks the first Club Studio location in the northwest Chicago suburbs. Daniel Barrins of Associated Bank managed the loan arrangements and closing.

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Prudent Growth Buys 20,520 SF Retail Center in Metro Cincinnati for $3.3M

Kristin Harlow — Fri, 01 May 2026 13:00:00 +0000

BATAVIA, OHIO — Prudent Growth Partners LLC, a private equity real estate firm based in Chapel Hill, N.C., has purchased Eastgate Shopping Center in Batavia near Cincinnati for $3.3 million. The neighborhood retail center totals 20,520 square feet and is situated along Old State Route 74 with direct access to State Route 32. The property is currently 94 percent leased and features a mix of service, medical and necessity-based tenants, including State Farm, Farmers Insurance, Merry Maids and Avis/Budget.

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Newmark Arranges Sale of Office, Retail Components at The Pointe at Polaris in Columbus

Kristin Harlow — Thu, 30 Apr 2026 13:45:21 +0000

COLUMBUS, OHIO — Newmark has arranged the sale and acquisition financing of the office and retail components of The Pointe at Polaris, a mixed-use asset located in the Polaris submarket of Columbus. DFWLAND purchased the property from a joint venture between VanTrust Real Estate and NP Limited Partnership. Positioned along Polaris Parkway, The Pointe at Polaris comprises 212,366 square feet of trophy office space and 33,071 square feet of retail space. The office portion is fully leased to tenants such as Bank of America, Fiserv, Power Home Remodeling and Employers Health, while the retail portion is fully leased to tenants such as Kitchen Social, Condado Tacos, Sweetwaters Coffee & Tea and Club Pilates. The property offers connectivity via I-71 and immediate proximity to Polaris Fashion Place, one of the region’s most prominent retail destinations. Derek Fohl, Jim Postweiler, Peter Harwood, Jack Trager and Jim Clark of Newmark represented VanTrust. Gary Carr of Newmark advised the buyer, while Ari Schwartzbard and Bill Weber of Newmark arranged the financing. Newmark’s Jake Paschen provided analytical support for the transaction.

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Pottery Barn to Open 12,500 SF Store at Rosedale Center in Metro Twin Cities

Kristin Harlow — Thu, 30 Apr 2026 13:43:45 +0000

ROSEVILLE, MINN. — Pottery Barn has signed a 12,500-square-foot lease to open at Rosedale Center, a 1.1 million-square-foot shopping mall in Roseville. The home furnishings retailer will occupy an exterior space and is slated to open in the third quarter of 2027. Holly Rome of JLL leads the leasing efforts for Rosedale Center and secured the lease with Pottery Barn, which is a member of the Williams-Sonoma Inc. portfolio of brands.

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Marcus & Millichap Brokers Sale of 47,988 SF Retail Building in Northwest Houston

Taylor Williams — Wed, 29 Apr 2026 14:14:21 +0000

HOUSTON — Marcus & Millichap has brokered the sale of a 47,988-square-foot retail building in northwest Houston. The freestanding building, which was constructed on a 5.5-acre site at 7300 W. Greens Road in 1994 and renovated in 2018, was fully leased at the time of sale to 24 Hour Fitness. Scott Jones, Gus Lagos and Alex Wolansky of Marcus & Millichap represented the seller, a California-based investor, in the transaction and procured the buyer, a local investor that acquired the asset via a 1031 exchange.

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Marcus & Millichap Arranges Sale of 12,196 SF Mixed-Use Building in San Diego

Amy Works — Wed, 29 Apr 2026 13:35:56 +0000

SAN DIEGO — Marcus & Millichap has arranged the sale of La Mesa Mixed-Use, a mixed-use property in San Diego. Ross Sanchez and Nick Totah of Marcus & Millichap represented the seller and buyer in the deal. Located at 6760 University Ave., the 12,196-square-foot property features 13 suites with a mix of office and retail uses, 28 parking spaces, dual access points and high-visibility frontage. At the time of sale, the building was occupied by service-oriented tenants, including beauty, auto, legal and entertainment uses. The property was built in 1976.

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Progressive Real Estate Partners Brokers Sale of 11,720 SF Retail Center in Pomona, California

Amy Works — Wed, 29 Apr 2026 13:35:07 +0000

POMONA, CALIF. — Progressive Real Estate Partners has negotiated the sale of Valley Plaza, a multi-tenant retail property located at 2407 Valley Blvd. in Pomona. A private investor acquired the asset for $2.6 million from a private investor. Built in 1993, Valley Plaza offers 11,720 square feet of retail space. Current tenants include Panaderia Jaliscos & Maria Taco, Pomona Water & Ice, Pearl Dental Care and Curry Time. Trinnie Lee of Progressive Real Estate Partners represented the seller, while Mark Wilson of Channel Investment Group represented the buyer in the transaction.

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Tavistock Signs Four Retailers at Lake Nona West Shopping Center in Orlando

John Nelson — Wed, 29 Apr 2026 13:29:33 +0000

ORLANDO, FLA. — Tavistock Development Co. has signed four new tenants to join the roster at Lake Nona West, a walkable, 405,000-square-foot shopping center underway in the Lake Nona master-planned community in Orlando. The 54-acre, Target-anchored shopping center is set to debut next month. New retailers joining the development include Drybar, Just Salad, Gloss Nail Co. and Kilwins Ice Cream. Previously announced tenants at Lake Nona West include Homesense, Barnes & Noble, Dick’s Sporting Goods, Golf Galaxy, Total Wine & More, JETSET Pilates, Nordstrom Rack, Sephora and Canonita, a Mexican restaurant.

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Simon Welcomes New Tenants to Mall at Rockingham Park in Salem, New Hampshire

Taylor Williams — Wed, 29 Apr 2026 13:13:19 +0000

SALEM, N.H. — Simon Property Group has welcomed several new tenants to The Mall at Rockingham Park, a 1 million-square-foot shopping and dining destination located about 30 miles north of Boston in Salem. Jeweler Gorjana, athleisure retailer lululemon and activewear brand OFFLINE by Aerie all opened stores in recent weeks, while Rowan, a provider of ear piercing services, is also set to open soon. Simon has also announced updates to the mall’s 160,000-square-foot casino, which is slated to debut in mid-2027.

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Newmark Arranges $113.5M Sale of Two Boston Retail Properties

Taylor Williams — Tue, 28 Apr 2026 13:59:46 +0000

BOSTON — Newmark has arranged the $113.5 million sale of two retail properties in Boston’s Back Bay neighborhood. The properties are located at 4-6 and 28 Newbury St. and were custom-designed to house flagship stores of luxury retailers Chanel and Cartier, respectively. The Chanel store spans 10,328 square feet across two stories, and the Cartier store totals 18,942 square feet. Robert Griffin, Geoffrey Millerd and Paul Penman of Newmark represented the seller, ASG Equities, in the transaction. The team also procured the buyer, a joint venture between Acadia Realty Trust and Osiris Ventures. Alex Foshay, Victoria Radman, Casey O’Brien and Christian Reenstierna, also with Newmark, provided support on the deal.

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Mahoney & Associates Arranges $37.5M Sale of Carmel Rancho Shopping Center in California

Amy Works — Tue, 28 Apr 2026 13:13:53 +0000

CARMEL-BY-THE-SEA, CALIF. — Mahoney & Associates has arranged the sale of Carmel Rancho Shopping Center, a retail center in Carmel-by-the-Sea. Montage Health acquired the asset for $37.5 million. Situated on a 295,335-square-foot land parcel, Carmel Rancho Shopping Center offers 77,002 square feet of retail space. Ryan Edwards, Josh Jones and Patrick Stafford of Mahoney & Associates represented the buyer and the undisclosed seller in the deal.

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Cushman & Wakefield Brokers $27.7M Sale of Shopping Center in Suburban Minneapolis

Kristin Harlow — Tue, 28 Apr 2026 12:59:01 +0000

EDEN PRAIRIE, MINN. — Cushman & Wakefield has brokered the $27.7 million sale of Prairieview Center, a 113,601-square-foot shopping center in Eden Prairie anchored by grocer Lunds & Byerlys. Evan Halkias, David Matheis and Zander Fried of Cushman & Wakefield represented the seller, United Properties. Phillips Edison & Co. Inc. was the buyer. Prairieview Center was built in 1986 and renovated in 2018. Additional tenants include Chase Bank, Culver’s and Starbucks.

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Nicholas & Associates, Wingspan Open Retail Stores at The VUE Mixed-Use Project in Metro Chicago

Kristin Harlow — Tue, 28 Apr 2026 12:58:19 +0000

ELK GROVE VILLAGE, ILL. — Nicholas & Associates and Wingspan Development Group of the Nicholas Family of Cos. have opened the initial commercial phase of The VUE, a 10-acre mixed-use development in Elk Grove Village. The retail spaces are home to Tensuke Market and Food Court, 7 Mile Cycles, Jarosch Bakery and Vini’s Pizza. Plans for The VUE include a 271-unit apartment community, 16 rental townhomes, a multi-story clubhouse with a pool and other amenities for residents and 52,000 square feet of retail space. A newly constructed and nearly completed pedestrian overpass will connect the development with the 3,500-acre Ned Brown Forest Preserve.

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Jamestown Sells Historic Ghirardelli Square Shopping Center in San Francisco

John Nelson — Tue, 28 Apr 2026 12:00:00 +0000

SAN FRANCISCO — Jamestown LP, a mixed-use developer and operator based in Atlanta, has sold Ghirardelli Square, a historic waterfront shopping center located at 900 N. Point St. in San Francisco’s Fisherman’s Wharf District. The property comprises 12 interconnected brick buildings fronting San Francisco Bay and includes the namesake 19-foot illuminated Ghirardelli sign that has been part of the city’s skyline since 1915. Miami-based investment firm Embrace Real Estate and its affiliate asset management company 1823 Partners purchased Ghirardelli Square from Jamestown for an undisclosed price. The new ownership has selected Denver-based Continuum Partners to manage the day-to-day operations and future business plan for the historic property. Ghirardelli Square’s origins date back to 1862 when it served as the world headquarters and primary chocolate factory for Ghirardelli Chocolate Co., which still keeps a flagship store at the development. The property is listed on the National Register of Historic Places. Ghirardelli Square reopened in the early 1960s with various shops and restaurants, making the development one of the first major adaptive reuse projects in the United States. Today, Ghirardelli Square welcomes 9 million visitors annually. The project spans a little more than 100,000 square feet of shops and restaurants, as well as…

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How Service Retail Is Stabilizing Houston’s Shopping Centers

Taylor Williams — Tue, 28 Apr 2026 11:55:00 +0000

By Jason Baker, principal at Baker Katz If you’re only following the national headlines, retail real estate can seem like it’s still defined by store closures and disruption. That’s still part of the story, but on the ground in Houston, the picture is more balanced. Fundamentals remain strong and occupancy remains high across the market. Even as new projects reach completion and new space comes on line, demand continues to keep pace. When space becomes available, it doesn’t sit for long — often with multiple deals competing for a single vacancy. What’s changing is what types of retailers are taking the space. That shift is just as important as the strength of the market. Service-oriented retail, in particular, is emerging as a stabilizing force in Houston. From Goods to Services According to recent data compiled by CoStar Group and analyzed by The Wall Street Journal, for the first time, service-oriented tenants now occupy more retail space nationally than traditional goods-based retailers. In Houston, that trend is clear in leasing activity. A significant share of the leasing activity today is driven by service categories such as health and wellness, medical, med spas, fitness, beauty and pet care. These are the tenants…

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Inside the Shifting World of Retail Construction

Abby Cox — Tue, 28 Apr 2026 11:45:00 +0000

Let’s get down to brass tacks: there’s not a lot of new retail space being built. What is getting developed reflects a fundamental shift in how retail functions. At the same time, construction itself is becoming more strategic and tech enabled. Developers and contractors are leveraging data, artificial intelligence (AI) and flexible design approaches to better predict demand, reduce risk and adapt spaces for multiple tenants or uses over time. The result is a sector that is leaner, more intentional and increasingly focused on creating places people want to visit. The Big Picture: How the Market Has Changed Retail construction has shifted significantly from the pre-pandemic era to today, shaped by higher material costs, disrupted supply chains and evolving consumer demand. Before 2020, projects benefitted from relatively stable pricing, predictable timelines and a strong emphasis on in-person shopping environments. Since then, inflation and global supply chain volatiltiy have driven up the cost of key materials, while also extending lead times and forcing developers to plan more conservatively. Carolyn Shames, CEO and president of Shames Construction, shared an anecdote about two identical Walmarts that were built by her company — one before the COVID-19 pandemic and one after. The difference in price…

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JLL Negotiates Sale of 105,869 SF Shopping Center in Southeast Houston

Taylor Williams — Mon, 27 Apr 2026 14:24:42 +0000

HOUSTON — JLL has negotiated the sale of Fairmont Preston Plaza, a 105,869-square-foot shopping center in southeast Houston. Built in 1974 and renovated in 2016, Fairmont Preston Plaza was 89 percent leased at the time of sale. Planet Fitness and Cosmic Air anchor the center via a 26,000-square-foot gym and a 24,000-square-foot trampoline park, respectively. Other tenants include Dollar Tree and 7Brew Coffee. Ryan West, John Indelli, Zamar Salas and Max Myers of JLL represented the seller, Mission Shore Management, in the deal. Matt Moake with HighStreet Net Lease Group represented the buyer.

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