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Mavin Capital Sells Buffalo Wild Wings-Occupied Property in Farmington, New Mexico for $2.8M

Amy Works — Mon, 12 Jan 2026 14:47:51 +0000

FARMINGTON, N.M. — Mavin Capital has completed the disposition of a single-tenant restaurant property located at 2700 E. Main St. in Farmington. FCPT Acquisitions LLC c/o Four Corners Property Trust purchased the property for $2.8 million. Buffalo Wild Wings occupies the 6,178-square-foot building, which includes a drive-thru, ample parking and prominent frontage on Main Street, on a triple-net lease basis. Cushman & Wakefield’s Chris Hollenbeck and Shane Carter, along with local broker of record Brett Preston of PIRES International (part of the Cushman & Wakefield Alliance), represented the seller in the transaction.

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Crescent Sells Mixed-Use Building in Charlotte to Invesco for $58M

John Nelson — Wed, 07 Jan 2026 14:41:20 +0000

CHARLOTTE, N.C. — Locally based developer Crescent Communities has sold Elizabeth on Seventh, a 105,000-square-foot mixed-use building in Charlotte. Atlanta-based Invesco purchased the four-story, LEED-certified property for $58 million, according to the Charlotte Business Journal. Completed in 2022, Elizabeth on Seventh is located at the intersection of East Seventh Street and North Caswell Road and offers boutique office space and 22,000 square feet of ground-level retail space. The property’s office tenants include Abry Partners, Abundant Power, Adams Beverages, Becker Morgan Group, Bowman and Brooke, Brown Brothers Harriman and Influencable. Retail and restaurant tenants include Barre3, Catalina Kitchen + Bar, Rosemont Market & Wine Bar and The Yard Milkshake Bar.

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CBRE Arranges $57.6M Refinancing for First Street Napa Mixed-Use Property in California

Amy Works — Tue, 23 Dec 2025 14:48:40 +0000

NAPA, CALIF. — CBRE has arranged $57.6 million in refinancing for First Street Napa, a Class A mixed-use property in downtown Napa. Brad Zampa and Mike Walker of CBRE’s Debt and Structured Finance team in San Francisco secured the five-year, nonrecourse floating-rate loan from an East Coast-based debt fund on behalf of NTC Shops LLC. Located at 1300 First St., the property features 162,000 square feet of retail, dining, tasting rooms and office space across six buildings. The asset is currently 90 percent leased to a variety of tenants, including Lululemon, Free People, Hestan and Silicon Valley Bank.

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D.C. Retail Remains a Great Opportunity, If You Know Where to Look

John Nelson — Mon, 22 Dec 2025 14:33:27 +0000

The Washington, D.C., commercial real estate market is intricate, shaped by broad economic trends and local dynamics. The recent federal government shutdown underscored ongoing challenges, intensifying uncertainty and slowing local transactions. Continued ambiguity around trade and tariff policies further complicates business planning, adding to the region’s cautious dealmaking environment. Anxiety affects the region’s key economic source: federal workers and contractors, who make up 40 percent of its economy. Since January 2025, federal job losses here have outpaced the national average, increasing the risk of a local slowdown. Despite the area’s wealth, ongoing job uncertainty should guide all investment and operational choices. The interplay between federal employment trends and local business activity means that investors and operators must remain vigilant, adapting strategies to respond to shifting workforce dynamics and consumer sentiment. Tale of two marketsThe D.C. retail market is split: downtown faces challenges due to office vacancies and low weekday traffic, while suburban and residential-heavy urban areas are thriving. Affluent spots in Northern Virginia and Suburban Maryland have the lowest vacancy rates thanks to stable local shoppers. These areas benefit from consistent foot traffic and resilient spending patterns, which help insulate them from broader economic volatility. From a capital markets perspective,…

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Perform Properties Signs Six New Tenants to One Colorado Shopping Center in Pasadena

Amy Works — Fri, 19 Dec 2025 14:14:27 +0000

PASADENA, CALIF. — Perform Properties has signed six new leases at One Colorado, a 240,000-square-foot urban lifestyle center in Pasadena. Contemporary Mexican restaurant Javier’s and New York-based fashion brand rag & bone are already open at the property. The recent openings coincided with the debut of the redesigned courtyard, which features a series of outdoor “rooms.” Meanwhile, various concepts such as Sundays, Monarch Athletic Club, Sockerbit and Thaim will launch in 2026. Additional tenants at One Colorado include The Cheesecake Factory, Anthropologie, Alo Yoga, The Container Store, Sephora and Vuori.

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Strategic Property Partners to Develop Entertainment District in Downtown Tampa

Abby Cox — Fri, 19 Dec 2025 12:45:00 +0000

TAMPA, FLA. — Strategic Property Partners (SPP) has announced plans to develop an entertainment district in downtown Tampa. The district is proposed for a vacant parcel across from Benchmark International Arena, the 19,092-seat home of the NHL’s Tampa Bay Lightning. Situated on Channelside Drive between Morgan and Jefferson streets, the new district will support the broader $3 billion Water Street Tampa neighborhood. SPP plans to partner with Lightning owner Vinik Sports Group (VSG) to manage the entertainment venue, which will be privately financed. “Water Street Tampa was designed to evolve, and this entertainment district is the next step in completing the larger vision,” says Josh Taube, CEO of SPP. “Water Street Tampa is a dynamic neighborhood with waterfront, public spaces, residences, retail, hotels and offices all connected through a walkable experience. This project activates the western edge of the neighborhood by adding an entertainment energy through live music and cultural experiences, strengthening ‘WST’ as a preeminent destination.” Upon full build-out, Tampa’s new entertainment district will include a 3,500-seat music and performance venue for rising and mid-tier touring artists; a 250-room hotel; and 100,000 square feet of retail, dining and entertainment space. SPP aims to break ground on the project in…

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Hanley Investment Group Brokers $3.9M Sale of Multi-Tenant Retail Building in Lancaster, California

Amy Works — Tue, 16 Dec 2025 14:28:36 +0000

LANCASTER, CALIF. — Hanley Investment Group Real Estate Advisors has directed the sale of a multi-tenant retail property located adjacent to Smart & Final Extra! at Antelope Valley Plaza in Lancaster. PacWest Management sold the property to an Orange County, Calif.-based private investor for $3.9 million. Ayda Kach and Sean Cox of Hanley Investment Group represented the seller, while Samer Khalil of Newmark represented the buyer in the deal. Located at 2062-2072 W. Ave. J, the 8,119-square-foot property is fully leased to a variety of tenants, including Pho Shop, Sub-Machine, Boba Tea, Salvadorian Restaurant, La Ramadita and The Best Ceviche. Antelope Valley Plaza offers 127,000 square feet of retail space.

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Hungry Habibi Signs 1,228 SF Restaurant Lease in Shelby Township, Michigan

Kristin Harlow — Tue, 16 Dec 2025 14:23:16 +0000

SHELBY TOWNSHIP, MICH. — Hungry Habibi has signed a 1,228-square-foot lease to open at The Shops at Nottinghill Village in Shelby Township. The lease marks the fast-casual Mediterranean restaurant’s third location in Michigan. Michael Murphy of Gerdom Realty & Investment represented the landlord, Beztak Properties. Zoran Saveski of Esoteric Realty represented the tenant.

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SRS Real Estate Brokers $6.8M Sale of Panera Bread-Occupied Retail Property in San Bernardino

Amy Works — Mon, 15 Dec 2025 14:42:03 +0000

SAN BERNARDINO, CALIF. — SRS Real Estate Partners has arranged the sale of a single-tenant restaurant property located at 4268 N. Varsity Ave. in San Bernardino. A California-based investor acquired the property from Paragon Commercial Group for $6.8 million, or $1,404 per square foot. Panera Bread occupies the 3,986-square-foot property, which was built in 2024, on a 15-year absolute triple-net lease basis. Patrick Luther and Matthew Mousavi of SRS Capital Markets represented the seller in the deal. SRS’ Nick Wirick is handling leasing for the property. This is the second parcel of a break-up strategy SRS has executed on behalf of Paragon Commercial Group — the first being the sale of a Dutch Bros Coffee property that was sold in July 2025 for $2.8 million. In total, the value of the sold assets is $9.6 million.

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Layne’s Chicken Fingers to Open 44 New Restaurants in Texas

Taylor Williams — Thu, 11 Dec 2025 16:31:35 +0000

COLLEGE STATION, TEXAS — College Station-based Layne’s Chicken Fingers has signed a franchise agreement to open 44 new units across Texas. Developer Eli Cohen will operate the restaurants. As part of the agreement, Cohen’s team plans to open multiple new Layne’s locations in Lubbock, with two sites already confirmed. In addition to the deal with Cohen, Layne’s has also executed a 12-unit deal with a Wendy’s operator in the Rio Grande Valley; an eight-unit deal with a former water bottling entrepreneur in West Central Texas; and a four-unit agreement with a hospitality professional in South Fort Worth. Layne’s has also recently opened new restaurants in Mission Bend, Tyler and Nacogdoches, with five additional locations expected to open across Texas before the end of the year.

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CB Arcadia Partners Sells Starbucks-Occupied Property in Torrance, California for $8.2M

Amy Works — Thu, 11 Dec 2025 14:35:28 +0000

TORRANCE, CALIF. — CB Arcadia Partners, an affiliate of Calbay Development, has completed the disposition of a freestanding retail property located at 23865 Hawthorne Blvd. in Torrance, to Madrona F&F LLC for $8.2 million. Starbucks Coffee occupies the 2,400-square-foot property, which was delivered in 2025, on a long-term, triple-net lease. The property features a drive-thru that can accommodate 20 vehicles, plus a full-size café format with indoor and outdoor seating. Alex Kozakov and Patrick Wade of CBRE represented the seller in the deal.

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Chipotle Opens at Rock Run Collection in Joliet, Illinois

Kristin Harlow — Thu, 11 Dec 2025 14:07:36 +0000

JOLIET, ILL. — Chipotle Mexican Grill has opened at Rock Run Collection in Joliet. The new restaurant features a Chipotlane drive-thru pickup lane for digital orders. The location is expected to bring approximately 30 new jobs to the Joliet area. Chipotle joins the now-open Hollywood Casino Joliet and The View at Rock Run Collection, upscale apartments that are currently leasing. Future tenants will include Drury Hotel, Chick-fil-A and Ricky Rockets. Cullinan Properties is the developer of Rock Run Collection, a mixed-use project spanning more than 300 acres at the intersection of I-55 and I-80.

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Smalls Sliders to Open Five New Restaurants in North Fort Worth

Taylor Williams — Wed, 10 Dec 2025 15:13:25 +0000

FORT WORTH, TEXAS — Atlanta-based Smalls Sliders has signed a franchise agreement to open five new units, dubbed “cans,” in North Fort Worth. Local development group Slidin Thru LLC will operate the new locations. Smalls Sliders has recently opened additional units in Texas, including El Paso, Tomball, Willis and Arlington. Founded in 2019, Smalls Sliders currently has 375 cans open or under development across 30 states.

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Trademark Welcomes Seven New Tenants to Mixed-Use Development in The Woodlands, Texas

Taylor Williams — Tue, 09 Dec 2025 16:21:54 +0000

THE WOODLANDS, TEXAS — Fort Worth-based owner-operator Trademark has welcomed seven new tenants to Market Street — The Woodlands, a mixed-use development located about 30 miles north of Houston. Jewelers David Yurman and gorjana, as well as women’s apparel brand Draper James, children’s clothing retailer Pink Chicken, Love Shack Fancy and Local Public Eatery, all opened their doors this fall. Fragrances provider Le Labo is set to open early next year.

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Six Retail, Restaurant Tenants to Open at The Cliff in Metro Las Vegas

Amy Works — Tue, 09 Dec 2025 13:58:08 +0000

HENDERSON, NEV. — A partnership between Partners Capital Inc. and CAST has announced the first wave of tenants for The Cliff, a 100,000-square-foot retail development located in Henderson, roughly 15 miles outside Las Vegas. Retail and restaurant concepts including The Taco Stand, Killer Whale Creamery, Lyte House, The Barista Botanist and Next Health, along with new anchor tenant Arhaus, are anticipated to open by late 2026. Construction is set to begin in early 2026. Serving as the gateway to the Green Valley Ranch master-planned community, The Cliff is anticipated to open in fall 2026 and will be Henderson’s first retail development in more than 20 years, according to the development team.

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Marcus & Millichap Brokers $3M Sale of Starbucks-Occupied Retail Property in Tucson

Amy Works — Tue, 02 Dec 2025 14:31:31 +0000

TUCSON, ARIZ. — Marcus & Millichap has arranged the $3 million sale of a restaurant property located at 6210 E. Broadway Blvd. in Tucson. Mark Ruble, Chris Lind and Zack House of Marcus & Millichap represented the seller, an Arizona-based limited liability company, through a partnership with DSW Commercial Real Estate and Iridius Capital, and procured the buyer, a California-based limited liability partnership. Starbucks Coffee occupies the 2,200-square-foot property, which was built in 2024, on a new 10-year, corporate guaranteed net lease.

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SVN | J. Beard Real Estate Brokers Sale of Vacant QSR Building in Tomball, Texas

Taylor Williams — Mon, 01 Dec 2025 17:10:44 +0000

TOMBALL, TEXAS — SVN | J. Beard Real Estate has brokered the sale of a vacant quick-service restaurant (QSR) building in Tomball, located northeast of Houston. The building was formerly home to Krispy Kreme. Jackson Cain and Brigham Hedges of SVN | J. Beard represented the seller, Wave Crest Development, in the transaction. The buyer and future occupant, a Dairy Queen franchisee, was self-represented.

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Torburn Signs Whole Foods to Anchor Mixed-Use Redevelopment of Sarasota Square Mall

John Nelson — Wed, 26 Nov 2025 14:50:35 +0000

SARASOTA, FLA. — Torburn Partners has announced plans for Sarasota Square, the redevelopment of the former Sarasota Square Mall. The Chicago-based developer signed leases with Whole Foods Market and HomeSense to anchor the first phase of the 96-acre mixed-use project. The retail portion is under construction, and the multifamily component will break ground in first-quarter 2026. Full plans for Sarasota Square include 1,200 luxury residential units; 530,000 square feet of retail, restaurant, and commercial space; and open-air gathering space for social events and community programming. Whole Foods will occupy a 35,828-square-foot grocery store, and HomeSense will occupy a 24,214-square-foot store. Other committed tenants include Chipotle Mexican Grill, CAVA Mediterranean, Joe & The Juice and Charles Schwab, which will open a 5,163-square-foot bank branch. Rod Castan and Alyona Tsutskova of Metro Commercial Real Estate are leading the retail leasing assignment at Sarasota Square on behalf of Torburn Partners.

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STRIVE Arranges Sale of Restaurant Building Leased to Denny’s in Spring, Texas

Taylor Williams — Wed, 26 Nov 2025 13:42:18 +0000

SPRING, TEXAS — Dallas-based brokerage firm STRIVE has arranged the sale of a 5,336-square-foot restaurant building in Spring, located north of Houston, that is leased to Denny’s. Jackson Brewer of STRIVE represented the seller, a Denny’s franchise operator, in the transaction. The buyer was a local private investor. Both parties requested anonymity.

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Retail Growth Continues to Shape Metro Phoenix

John Nelson — Wed, 26 Nov 2025 12:14:00 +0000

— By Bryan Ledbetter of Western Retail Advisors — Phoenix’s retail market continues to surge. Vacancies are dipping below 5 percent, gross absorption is exceeding 1.5 million square feet in the third quarter and asking triple-net rates continue to increase, reaching into the mid-$50 to $60 per square foot range for newly constructed space. West Valley Leads the Charge in New Development After decades of limited retail construction, metro Phoenix — and the West Valley, in particular — are flush with new space. Projects like SimonCRE’s Prasada in Surprise and Vestar’s Verrado in Buckeye are among the major new developments providing the high-end availability that tenants and residents have been asking for. Although elevated debt and construction costs have tempered new development, more than 1.2 million square feet is still under construction. The lion’s share of that product is already pre-leased. This keeps developers and investors bullish on Phoenix, and on the lookout for the Valley’s next development frontier. Though the West Valley reigns as Phoenix’s latest retail boom market, outliers in the East Valley are teeing up for their turn in the spotlight. Apache Junction is a great example… Far Southeast Valley Emerges as a Growth EngineA neighbor of…

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