— By Don Zebe of Colliers Idaho — more mature and geographically diverse stage of growth. While the Treasure Valley remains the state’s primary development engine, retail expansion is increasingly occurring in markets such as Twin Falls, Idaho Falls, Ammon, Rexburg, Pocatello-Chubbuck, Coeur d’Alene and Post Falls. Idaho’s population surpassed 2 million residents in 2025, providing a strong foundation for grocery, restaurant, medical, service and neighborhood-oriented retail uses. However, population growth alone no longer guarantees project success. Elevated construction and financing costs have made retailers and developers increasingly selective, placing greater emphasis on access, visibility, traffic patterns and regional drawing power. Treasure Valley Remains the Development Leader The Treasure Valley continues to receive the greatest volume of retail construction and leasing activity in Idaho. Major projects like the District at Ten Mile in Meridian reflect the growing preference for mixed-use destinations that combine retail, dining, fitness and services. The continued expansion of the Village at Meridian further demonstrates the market’s ability to attract both first-to-market and expanding national retailers. Despite ongoing development activity, the Boise-area retail market remains relatively tight, with retail vacancy at 4.4 percent in the second quarter of 2026, supporting continued demand for well-located space. Magic Valley Growth Strengthens …
LOS ANGELES — Northmarq has arranged a $29.3 million loan to refinance Chapman Market, a 41,241-square-foot dining and entertainment center located in Los Angeles’ Koreatown neighborhood. Joe Giordani, Alex Kane and Karl Weidell of Northmarq secured the loan through Voya Investment Management on behalf of the borrower, Arc Capital Partners. Originally opened in 1928, Chapman Market is home to a mix of tenants including Club HUE, Quarters Korean BBQ, Starbucks, Origin Korean BBQ, Shibuyala, Toebang Café, Escala Ktown, Danbi, Tiger Sugar Boba, BHC Chicken, Kazunori: The Original Handroll Bar and Uncle Tetsu.
TAMPA, FLA. — The University of South Florida (USF) and its development partners have broken ground on the $500 million first phase of Uptown Landing, a new mixed-use project situated within walking distance of the planned USF on-campus football stadium. The first phase of the project comprises 30 acres and will include 717 beds of student housing; 152 apartments reserved for graduate students and USF employees; four to six restaurant venues; 68,000 square feet of retail space; a hotel and conference center and academic research facilities. Delivered through a master development agreement with ACE Fletcher LLC, this development marks the largest public-private partnership (PPP) in the history of the State University System of Florida. ACE Fletcher is a partnership between Capstone Development Partners, Aureate Development and Ellison Development. The project team also includes Provident Resources Group, CBI Construction, Baker Barrios Architects and Kimley-Horn. Funding for the project includes $270 million in tax-exempt bond financing for the student housing, hospitality, restaurant and retail uses, as well as a roughly $225 million investment for the Translational Research Institute. Capstone Management Partners will provide maintenance and operations services at the student housing building in a shared services agreement with USF. The first phase is …
NORTH BEND, WASH. — Northmarq has arranged the sale of J.O. Borgen Plaza, a multi-tenant retail center in North Bend, approximately 30 miles southeast of Seattle. The asset traded for $8.2 million. Sean Tufts, Kevin Adatto, Joe Dugoni and Jack Hallberg of Northmarq’s Pacific Northwest retail investment sales team represented the undisclosed seller and undisclosed buyer in the deal. Located at 248-250 Bendigo Blvd. South and 249 Main Ave. South, the 28,418-square-foot center is occupied by a freestanding Wells Fargo branch, Jersey Mike’s Subs and The UPS Store. Additionally, the center features a 17,958-square-foot former Bartell Drugs building, which was vacant at the time of sale. The sale was aligned with a commercial national retailer to backfill the Bartell Drugs’ property, with an opening slated for 2027.
CHINO HILLS, CALIF. — Stockdale Capital Partners, together with funds managed by Hamilton Lane, has purchased The Shoppes at Chino Hills, an open-air lifestyle center in Chino Hills, for $157 million. The buyer plans to rename the property The Shops at Chino Hills. Stockdale led the acquisition, with Hamilton Lane as a co-investor. Originally developed in 2008, The Shops at Chino Hills features 378,140 square feet of retail, restaurants and experiential space situated on more than 25 acres at 13920 City Center Drive. Trader Joe’s and Barnes & Noble anchor the center, which serves a customer base of more than 300,000 residents within a five-mile radius. Stockdale plans to invest in the community and property with a rebranding, remerchandising and repositioning strategy to be shared at a later time. Jimmy Slusher, Mark Damiani, James Tyrrell and Shaya Northrup of CBRE marketed the asset.
SCHAUMBURG, ILL. — UrbanStreet Group has announced two retail leases for Veridian’s shopping, dining and entertainment district in Schaumburg. Entertainment concept Your Third Spot and Chicago-area breakfast and lunch restaurant Buttermilk Cafe will open storefronts in the project’s first phase. Veridian is the redevelopment of the former Motorola factory and office campus. Your Third Spot will open its first Chicago-area location at Veridian and its second location nationally, following one in Atlanta. The competitive socializing venue pairs dining and craft beverages with games and activities. Buttermilk Cafe is known for its stuffed breakfast biscuits, pancakes, burgers and all-day breakfast menu. The restaurant operates in Geneva, Naperville, Vernon Hills, Wilmette and Downers Grove. The Veridian location will total 4,000 square feet. Construction on Veridian’s first retail phase includes The Fresh Market, a 26,000-square-foot grocery anchor that is on track to open in early 2027. The 321 apartments above the retail space are slated to open next spring. The district’s parking deck and public road network are both complete. Mason Retail Group is leading retail leasing for Veridian. In 2015, Motorola announced it would relocate its headquarters to downtown Chicago. UrbanStreet Group bought the Schaumburg property in 2016 and spent the next …
OVIEDO, FLA. — CrossMarc Capital LP has acquired The Food Factory at Oviedo on the Park, a 14,000-square-foot, open-air dining and entertainment venue in the northeast Orlando suburb of Oviedo, for $8.3 million. The acquisition includes the Food Factory building, as well as an adjacent parcel where CrossMarc plans to develop a 3,894-square-foot, multi-tenant retail building. Construction is expected to begin in November. Approximately 1,200 square feet has already been preleased to Kilwins, an American confectionary franchise. Winter Park, Fla.-based Michael Collard Properties sourced the off-market transaction.
If there is one thing I have learned over the past year, it’s that retail buyers have not left Orlando. They have become more selective, and that selectivity is exposing the real issue in the market: there are not enough high-quality retail properties available for sale in the trade areas investors want most. Inventory remains near all-time lows throughout Central Florida, especially in established trade areas with strong demographics, excellent visibility and limited opportunities for new development. As a result, buyer demand continues to outpace the number of available opportunities. Orlando remains one of the strongest retail markets in the country, supported by healthy consumer spending, positive net absorption and a limited construction pipeline that continues to give investors confidence. For owners, this creates an important window. Properties with strong locations, durable tenancy and a clear growth story are standing out because buyers have fewer comparable alternatives to pursue. In this market, quality does not just protect value; it creates competition. One of the biggest changes I have noticed over the past few years is how buyers evaluate opportunities. A few years ago, investors moved much faster. Today, they spend more time underwriting acquisitions, reviewing lease structures and understanding the …
AURORA, COLO. — JLL Capital Markets has arranged the $41.2 million sale of Stanley Marketplace, a 102,125-square-foot adaptive reuse retail development located in Aurora. Jason Schmidt and Austin Snedden of JLL represented the seller, Westfield Co., in the transaction. Leon McBroom and William Haass, also of JLL, secured a five-year, $27.3 million acquisition loan through a regional bank on behalf of the buyer, Magnetic Capital. Originally constructed in 1954 as an ejection seat manufacturing facility, the redeveloped retail property is currently 98 percent leased to a mix of 54 tenants including Denver Biscuit Co., Rosenburg’s Bagels & Delicatessen, Local Drive and Bounce Gymnastics.
MESA, ARIZ. — Evergreen Development has acquired 11.7 acres of land in Mesa, with plans to build a mixed-use project that will feature multifamily space and a new retail center. The retail portion of the site is planned to comprise an approximately 8,500-square-foot multi-tenant retail building for restaurant and retail uses, as well as a 2,360-square-foot freestanding Chipotle with a drive thru. The multifamily portion will include 261 apartments across nine three-story buildings. Evergreen plans to break ground on the project in the first quarter of 2027, with lease-up beginning in the second quarter of 2028. Brookfield sold the site for an undisclosed price.