Friday, February 6, 2026
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800-N-Sepulveda-Blvd-Manhattan-Beach-CA
AcquisitionsCaliforniaRestaurantRetailWestern

CBRE Brokers Sales of Two Restaurant Properties in Metro Los Angeles

by Amy Works

MANHATTAN BEACH AND OXNARD, CALIF. — CBRE has arranged the sale of two restaurant properties in Manhattan Beach and Oxnard, both suburbs of Los Angeles, for a total consideration of $9.7 million. Alex Kozakov, Patrick Wade, Matthew Greenberg, Jack Webber and Bo Henderson of CBRE represented the sellers in both the transactions. In the first deal, 800 Manhattan acquired a 2,572-square-foot building at 800 N. Sepulveda Blvd. in Manhattan Beach from local private investors for $5.1 million. El Pollo Loco occupies the property and has for more than 40 years. In the second deal, a private family trust purchased a building at 110 Riverpark Blvd. in Oxnard from a private family trust for $4.6 million. McDonald’s occupies the 3,500-square-foot property, which includes a double drive thru and 27 parking spaces.

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AcquisitionsOklahomaRetailTexas

Marcus & Millichap Arranges $3.9M Sale of Tulsa Retail Building Leased to Walgreens

by Taylor Williams

TULSA, OKLA. — Marcus & Millichap has arranged the $3.9 million sale of a 14,490-square-foot retail building in Tulsa that is leased to Walgreens. The building was originally constructed in 2002. Joe Sparano, Dan Yozwiak and Darpan Patel of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction. Steve Greer of Marcus & Millichap assisted in closing the deal as the broker of record.

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AcquisitionsFloridaRetailSoutheast

Limestone Asset Management Acquires Metro Miami Retail Property Leased to LA Fitness for $13.6M

by John Nelson

DORAL, FLA. — Limestone Asset Management has acquired a single-tenant retail property in the Miami suburb of Doral for $13.6 million. LA Fitness occupies the building, which was built in 2001 and totals 37,500 square feet. Kevin Sanz of Orion Real Estate Group represented the buyer in the transaction. Alex Sharrin of JLL Capital Markets represented the undisclosed seller.

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114-Crosby-Manhattan
LoansNew YorkNortheastOfficeRetail

IPA Arranges $50M Loan for Refinancing of Manhattan Office, Retail Property

by Taylor Williams

NEW YORK CITY — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged a $50 million loan for a 12-story, 144,000-square-foot office and retail property in Manhattan’s SoHo neighborhood. The newly renovated building spans a full city block from Broadway to Crosby Street in between Houston and Prince streets. Matthew Polci, Steven Buchwald and Rachael Krawiecki of IPA originated the loan through a partnership between Maxim Capital Group, Sabal Investment Holdings and GDS Brightstar. The borrower was a partnership between London-based Chelsfield Group and RAM Holdings.

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Leasing ActivityNew HampshireNortheastRetail

PickUp USA Fitness Signs 25,188 SF Retail Lease in Manchester, New Hampshire

by Taylor Williams

MANCHESTER, N.H. — PickUp USA Fitness, a basketball-focused concept, has signed a 25,188-square-foot retail lease in Manchester, located near the New Hampshire-Massachusetts border. The space is located within the 166,000-square-foot former Union Leader building and will house an NBA-sized court, multiple half courts, event space, locker rooms and cardio and weight training areas. Andrew Robbins and Alex Blecksmith of Colliers represented PickUp USA in the lease negotiations. An opening date has not yet been determined.

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Leasing ActivityMaineNortheastRetail

Simon Welcomes New Retailers to Kittery Premium Outlets in Southern Maine

by Taylor Williams

KITTERY, MAINE — Simon Property Group has welcomed a host of new retailers to Kittery Premium Outlets in southern Maine. Claire’s, Carter’s, OshKosh B’Gosh, Mélange Home, Perfume Palace, Limited Hype and Jack’s Country Store have all recently opened stores, and Vineyard Vines will open next spring. Simon acquired Kittery Premium Outlets, which is home to more than 50 retailers across five centers, over the course of the 2000s.

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Affordable HousingDevelopmentGeorgiaMultifamilyRetailSoutheastTop Stories

City of Atlanta Unveils Plans for Three Affordable Housing Projects, Including Mall West End Redevelopment

by Kristin Harlow

ATLANTA — The City of Atlanta, through Atlanta Urban Development (AUD), has unveiled plans for three new affordable housing projects, including the redevelopment of the Mall West End. Together, the projects will add nearly 350 affordable housing units for residents earning up to 80 percent of the area median income (AMI). At least one community is scheduled to begin lease-up by the second quarter of 2025, with the others beginning construction this fall and summer 2025. The Mall West End would be the largest of the redevelopments, transforming the 12-acre mall into a 1.7 million-square-foot mixed-use development. BRP Cos. is the developer. Key elements of the Mall West End redevelopment plan include: approximately 120,000 square feet of retail space, including a grocery store, fitness center, food and beverage, and local boutiques; 893 mixed-income rental units; 152 beds of student housing; a 150-key hotel; 12,000 square feet of medical office space; and community amenities. The project site is located steps from four Historically Black Colleges and Universities (HBCUs) that make up the Atlanta University Center — Clark Atlanta University, Morehouse College, Morehouse School of Medicine and Spelman College. According to a news release from the city, the Mall West End redevelopment …

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LoansNew YorkNortheastRetail

PCCP Provides $36M Acquisition Loan for Long Island Shopping Center

by Taylor Williams

HEMPSTEAD, N.Y. — Los Angeles-based PCCP has provided a $36 million senior loan for the acquisition of The Hub Shopping Center, a 248,569-square-foot retail property that sits on a 28-acre site in the Long Island community of Hempstead. The borrower was New York City-based Agus Holdings. Tenants at the center, which was 99 percent leased at the time of sale, include The Home Depot, Stop & Shop, Old Navy and AT&T. The seller and sales price were not disclosed.

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AcquisitionsMidwestMissouriRetail

Cohen & Steers, Phillips Edison Acquire 121,000 SF Des Peres Corners Shopping Center Near St. Louis

by Kristin Harlow

DES PERES, MO. — Cohen & Steers Income Opportunities REIT Inc. (CNSREIT), in partnership with Phillips Edison & Co. Inc. (PECO), has acquired Des Peres Corners in the western St. Louis suburb of Des Peres. The 121,000-square-foot, open-air shopping center was built in 2009. The property is 90 percent occupied and is anchored by a 74,000-square-foot Schnucks grocery store. The companies completed the acquisition through a joint venture targeting $300 million in equity that is owned 80 percent by CNSREIT and 20 percent by PECO. The joint venture will focus on acquiring open-air, grocery-anchored shopping centers.

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601-611-619-S-Fairfax-Ave-Los-Angeles-CA
AcquisitionsCaliforniaDevelopmentMultifamilyRetailWestern

BOLOUR Buys Retail Property in Los Angeles for 120-Unit Multifamily Redevelopment

by Amy Works

LOS ANGELES — BOLOUR Associates has acquired a site with three retail buildings in the Los Angeles Mid City submarket for $6 million. Located at 601, 611 and 619 S. Fairfax Ave., the buildings offer more than 11,500 square feet of net rentable area, including a former 99 Cents Only store. BOLOUR purchased the 99 Cents Only property through a bankruptcy auction after Number Holdings Inc., the parent company of 99 Cents Only Stores LLC, filed for Chapter 11 bankruptcy earlier this year and closed all of its stores. The company will renovate the three buildings to cater to gallery, design, furniture and showroom uses. In the long-term, BOLOUR plans to redevelop the site into 120 multifamily residential units. Hilco Global represented the undisclosed seller, while BOLOUR was self-represented in the deal.

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