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PAGEWOOD Breaks Ground on Adaptive Reuse Project in Downtown Houston

Taylor Williams — Wed, 20 May 2026 14:45:22 +0000

HOUSTON — Local developer PAGEWOOD has broken ground on Phase I of East Blocks, an adaptive reuse project in Houston’s East Downtown neighborhood. Designed by Gensler and developed in partnership with Wile Interests, the project will transform a 10-block stretch of mid-20th century warehouses into a district of walkable restaurants, shops, offices and green spaces. Phase I involves the conversion of two 15,000-square-foot warehouses at 1107 Hutchins St. and 2202 Dallas St. Delivery of Phase I is slated for August.Phase I

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Marcus & Millichap Brokers Sale of 2,847 SF Restaurant Property in Phoenix

Amy Works — Wed, 20 May 2026 13:26:25 +0000

PHOENIX — Marcus & Millichap has brokered the sale of a single-tenant restaurant property located at 2817 N. 7th St. in Phoenix. Built in 1969, the 2,847-square-foot drive-thru building is occupied by Original Chop Shop, a Scottsdale-based fast-casual eatery with 27 locations across Arizona, Texas and Georgia. The restaurant will remain in operation following the sale. Mark Ruble, Chris Lind and Zack House of Marcus & Millichap marketed the property on behalf of the seller and procured the buyer, a California-based investor.

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SRS Brokers $6.6M Sale of Two Adjacent Retail Outparcels in Metro Tampa Leased to Dutch Bros, Fifth Third Bank

John Nelson — Wed, 20 May 2026 12:11:08 +0000

LUTZ, FLA. — SRS Real Estate Partners has brokered the $6.6 million ground lease sale of two adjacent retail properties located at 18640 and 18710 Fla. Highway 54 in Lutz, a northern suburb of Tampa in Hillsborough County. Dutch Bros and Fifth Third Bank occupy the two newly developed properties on triple-net leases, with 15 and 20 years remaining on their terms, respectively. Patrick Nutt and William Wamble of SRS represented the seller, an Atlanta-based development and investment group, in the portfolio transaction. The Tampa-based buyer purchased both properties in a 1031 exchange. Both parties requested anonymity.

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Retail Leasing, Development Activity ‘Slow and Steady’ in Baltimore Market

John Nelson — Mon, 18 May 2026 11:52:00 +0000

Mirroring conditions nationally due to elevated interest rates, associated higher construction costs and general economic and geopolitical uncertainties, the volume of retail leasing and new development activity remains “slow and steady” in the greater Baltimore metropolitan region. The collective business and real estate communities remain optimistic for a rebound later this year, given the robust fundamentals that remain constant locally and the lessons learned during a tepid first-quarter 2025, which was followed by an over-performing remainder of the year. We expect the same to occur in 2026, with robust third and fourth quarters on the horizon later this year. Interest rate complexities Although interest rates have declined somewhat over the past year, the continued elevated climate has made all phases of the retail industry more expensive and forced developers and retailers to take a brief pause or to dig deeper for projected returns. More specifically, this has placed a halt on the future development of several new shopping centers in the Baltimore area due to higher financing costs, and multiple local retailers are also rethinking expansion plans because of steeper Small Business Administration and local banking loans. Separate retail centers in Harford and Howard counties — after being designed and…

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Simon Welcomes Four New Tenants to Wrentham Village Premium Outlets in Southern Massachusetts

Taylor Williams — Wed, 13 May 2026 14:06:24 +0000

WRENTHAM, MASS. — Simon Property Group has welcomed four new tenants to Wrentham Village Premium Outlets, located near the Massachusetts-Rhode Island border. Shaquille O’Neal’s Big Chicken and bubble tea concept Gong Cha are now open, and athletic apparel brand Fabletics and children’s retailer Gymboree will open this summer. The roster at Wrentham Village Premium Outlets now totals more than 170 tenants.

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Progressive Real Estate Partners Brokers $2.8M Sale of Restaurant Building in Ontario, California

Amy Works — Tue, 12 May 2026 13:58:21 +0000

ONTARIO, CALIF. — Progressive Real Estate Partners has arranged the purchase of a freestanding restaurant building located at 4605 Mills Circle in Ontario. A private investor acquired the asset for $2.8 million. Wienerschnitzel fully occupies the 2,739-square-foot building, which was built in 1998 and renovated in 2017. Lance Mordachini and Greg Bedell of Progressive Real Estate Partners represented the buyer, while David Lin of Kotai Commercial represented the seller, a private investor, in the deal.

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Salt Lake City’s New Wave of Urban Retail

John Nelson — Fri, 08 May 2026 10:59:00 +0000

— By Tanner Olson of Legend Commercial — Downtown Salt Lake City has undergone a meaningful transformation over the past decade. The growth of ground-floor mixed-use retail, a rapidly expanding bar and restaurant scene, and the arrival of nationally recognized brands such as STK Steakhouse, the Capital Grille, Uchi and concepts affiliated with Fox Restaurant Concepts reflect a maturing urban core. At the same time, local operators such as Aker, Matteo, Urban Hill and many others have elevated the city’s culinary identity, with homegrown concepts adding depth and authenticity to the market. It was only 15 years ago that Salt Lake largely functioned as a commuter-based retail environment. Consumers prioritized surface parking and drive-thru convenience. Downtown activity outside of peak weekend hours was limited, while urban living lacked the density and vibrancy needed to support consistent retail demand. That dynamic has shifted. Today, tens of thousands of multifamily units have been delivered in and around the CBD, accompanied by hundreds of thousands of square feet of ground-floor retail. Just two to three years ago, downtown contained roughly 200,000 square feet of available mixed-use retail space, fragmented across 60 to 70 small-format spaces. Filling that space required not just tenants, but…

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The Fold to Debut 6,072 SF Restaurant at Corrigan Station in Kansas City

Kristin Harlow — Mon, 04 May 2026 14:03:21 +0000

KANSAS CITY, MO. — The Fold, a new American restaurant concept from the team behind Roots Seasonal Cuisine in Lee’s Summit, Mo., will open at Corrigan Station in the heart of Kansas City’s Crossroads Arts District. The Fold will occupy 6,072 square feet in the former Corvino restaurant space. Todd Richards, bar manager for Roots, along with Amanda Accurso and Brandon Sharp, owners of Roots, are partners in The Fold, which will offer a wide range of culinary options. The restaurant is scheduled to open Friday, May 22. The Fold’s name reflects the restaurant’s vision of being a welcoming place for people from all walks of life, according to Corrigan Station owner Copaken Brooks.

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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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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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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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Selective Growth, Strategic Redevelopment Shape Birmingham’s Retail Market

John Nelson — Mon, 27 Apr 2026 11:42:00 +0000

Birmingham’s retail market continues to show steady momentum as it moves into a new phase, defined by limited supply, strong tenant demand in key corridors and a growing focus on open-air, lifestyle environments. While higher interest rates and construction costs slowed new development activity over the past couple of years, Birmingham’s most established retail corridors have remained active. Well-located centers continue to lease space quickly, and redevelopment opportunities are beginning to reshape several of the MSA’s outdated retail properties. One of the defining characteristics of Birmingham’s retail landscape today is the limited availability of high-quality space in prime locations. Much of the vacancy that emerged during the pandemic has been absorbed, particularly in grocery-anchored centers and lifestyle-oriented districts. As a result, retailers looking for space in established corridors often face a fairly competitive leasing environment. Demand remains strong among quick-service restaurants (QSRs), boutique fitness operators, medical and service retailers and fast-casual and high-end dining concepts. Birmingham’s suburban growth corridors and mixed-use environments offer many of these advantages, allowing landlords in the most desirable centers to maintain strong occupancy while gradually pushing rents higher. Lifestyle centers Open-air lifestyle environments continue to set the standard for Birmingham’s retail landscape. The best example…

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NewQuest Underway on 100,000 SF Retail Expansion Project in New Braunfels, Texas

Taylor Williams — Thu, 23 Apr 2026 14:32:49 +0000

NEW BRAUNFELS, TEXAS — Houston-based development and brokerage firm NewQuest is underway on construction of a 100,000-square-foot retail expansion project in New Braunfels, a northeastern suburb of San Antonio. The expansion of New Braunfels Town Center at Creekside, which is part of the 400-acre Creekside Town Center master-planned development, involves construction of new single-tenant buildings for EöS Fitness, Chick-fil-A, Portillo’s and Chase Bank. The project will also feature a roughly 10,000-square-foot multi-tenant building that is fully preleased to Chipotle Mexican Grill, CAVA, Potbelly, Blo Dry Bar and Menchie’s Frozen Yogurt. A tentative completion date was not announced.

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Three New Tenants Sign Leases at Firefly Park in Frisco

Taylor Williams — Thu, 23 Apr 2026 13:56:38 +0000

FRISCO, TEXAS — Three new tenants — restaurant Frenchie, Woodhouse Spa and Second Rodeo Brewing — have signed leases at Firefly Park, a 217-acre mixed-use development in Frisco. The deals bring the occupancy rate of the first phase of retail development, which will be anchored by sportswear retailer TYLER’S, to 41 percent. All three openings are slated for fall 2027. Wilks Development owns Firefly Park.

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MetroNational Buys 218,000 SF Office, Retail Development in Houston’s Heights District

Taylor Williams — Wed, 22 Apr 2026 14:38:38 +0000

HOUSTON — Local owner-operator MetroNational has purchased M-K-T Heights, a 218,000-square-foot office and retail development located just west of downtown Houston. Designed by Michael Hsu Office of Architecture and completed in 2020, M-K-T Heights is an adaptive reuse of several 1970s-era industrial buildings. Today, the property comprises more than 100,000 square feet of creative office space and 100,000 square feet of retail and restaurant space, as well as a pedestrian boardwalk. The seller and sales price were not disclosed. MetroNational acquired the property in a joint venture with Radom Capital and Triten Real Estate Partners, the property’s original developers.

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Evergreen Devco Sells Pollo Campero-Occupied Restaurant Property in Inland Empire for $2.9M

Amy Works — Mon, 20 Apr 2026 13:40:52 +0000

LAKE ELSINORE, CALIF. — Evergreen Devco has completed the disposition of a 3,000-square-foot, single-tenant restaurant property in Lake Elsinore. A San Bernardino, Calif.-based private investor acquired the asset for $2.9 million. Pollo Campero, a fast-casual Latin chicken restaurant, occupies the property on a 15-year absolute triple-net corporate ground lease with 10 percent rental increases every five years. The property is an outparcel to a Stater Bros.-anchored retail center. Bill Asher and Jeff Lefko of Hanley Investment Group Real Estate Advisors represented the seller and developer, while Greg Bedell and Lance Mordachini of Progressive Real Estate Partners represented the buyer in the transaction.

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Legacy Development Partners Buys 30-Acre Site for Legacy at Jackson Landing Retail Project Near Colorado Springs

Amy Works — Thu, 16 Apr 2026 14:00:36 +0000

MONUMENT, COLO. — Legacy Development Partners has acquired a 30-acre site at the northeast quadrant of Interstate 25 and Baptist Road in Monument, approximately 20 miles north of Colorado Springs, for the development of Legacy at Jackson Landing. Construction will commence immediately, with a grand opening scheduled for October 2027. Upon full build-out, Legacy at Jackson Landing will offer more than 225,000 square feet of retail and restaurant space. Target is slated to anchor the property. Other proposed tenants include Marshalls, HomeGoods, Chick-fil-A and Firehouse Subs. Legacy at Jackson Landing is being developed through a strategic partnership with The Garrett Cos. Equity for the development was sourced with the assistance of Texas-based Telis Group, and Bank of Texas provided construction financing.

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Hanley Investment Group Negotiates $3.6M Sale of Starbucks-Occupied Retail Property in San Bernardino

Amy Works — Mon, 13 Apr 2026 13:22:49 +0000

SAN BERNARDINO, CALIF. — Hanley Investment Group Real Estate Advisors has negotiated the $3.6 million sale of a single-tenant retail property leased to Starbucks Coffee in San Bernardino. The newly constructed, drive-thru-only café prototype spans 1,200 square feet and operates on a 15-year triple-net corporate lease with 10 percent rental increases every five years. The asset is located at 291 E. Hospitality Lane. Bill Asher and Jeff Lefko of Hanley represented the seller, a local developer, in the transaction. David Kluver of Lee & Associates represented the buyer, a local investor from Orange County.

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Valore Ventures Buys 2-Acre Parcel in Oroville, California for Chick-fil-A Development

Amy Works — Mon, 13 Apr 2026 13:21:35 +0000

OROVILLE, CALIF. — Valore Ventures has acquired a 2-acre development parcel at 350 Oro Dam Blvd. East in Oroville and signed a long-term ground lease with Chick-fil-A for the site. The quick-service restaurant will commence construction of a 4,266-square-foot dual drive-thru restaurant this month. Ryan Orn of Capital Rivers Commercial Real Estate represented the seller, Maverick, in the deal. The financial terms were undisclosed.

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Trademark Welcomes Eight New Tenants to Galleria Mall in Dallas

Taylor Williams — Wed, 08 Apr 2026 14:42:57 +0000

DALLAS — Trademark has welcomed eight new tenants to the 1.4 million-square-foot Galleria Mall in Dallas, which the Fort Worth-based owner-operator is currently redeveloping in partnership with the owner, MetLife Investment Management. The tenants are athleisure brand ALO, women’s apparel provider Aritzia, bridal and custom jewelry Helzberg 1915, Kids Foot Locker, French bakery Patissery and toy retailer Rolife, as well as apparel brands Urban Planet and Watson. All stores are either open or slated to open within the next six months.

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