Saturday, November 15, 2025
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Restaurant

Tower-Plaza-Commercial-Center-Yucaipa-CA
AcquisitionsCaliforniaHealthcareOfficeRestaurantRetailWestern

Progressive Real Estate Partners Arranges $7M Sale of Tower Plaza Commercial Center in Yucaipa, California

by Amy Works

YUCAIPA, CALIF. — Progressive Real Estate Partners has negotiated the sale of Tower Plaza Commercial Center, a retail and office property located at 34590-34664 County Line Road in Yucaipa. Greg Bedell of Progressive Real Estate Partners represented the seller, a private Inland Empire-based investor and the original developer of the property, while Tricia Cerda of REMAX Redlands represented the buyer, an Inland Empire-based private investor. Built in 1995, Tower Plaza Commercial Center offers 39,422 square feet of commercial space spread across three buildings. At the time of sale, the property was fully occupied by 27 tenants, including food, healthcare, beauty, finance, office and retail users. The units range in size from 240 square feet to 2,200 square feet.

Continue Reading
FacebookTwitterLinkedinEmail
CaliforniaLoansMixed-UseMultifamilyRestaurantRetailWestern

Northmarq Secures $54M Refinancing for Mixed-Use Property in Alameda, California

by Amy Works

ALAMEDA, CALIF. — Northmarq, on behalf of Alameda Point Redevelopers LLC, has arranged $54 million in financing for Storehouse Lofts, a residential mixed-use property located at 2350 Saratoga St. in Alameda. Storehouse Lofts is an adaptive reuse project that converted a former military warehouse into a modern 197-unit live-work community. Each unit is loft-style with open floor plans and high ceilings. Additionally, the 187,466-square-foot property features a gym, wellness center and roof deck, as well as a brewery and restaurant as commercial tenants. Dan Baker and Jason Szuminski of Northmarq secured the 10-year, fixed-rate loan through Northmarq’s correspondent relationship with Freddie Mac. The transaction refinances the original construction loan for the property, which is more than 95 percent leased.

Continue Reading
FacebookTwitterLinkedinEmail
ArizonaDevelopmentMixed-UseRestaurantRetailStudent HousingTop StoriesWestern

Core Spaces, Wexford Break Ground on 30-Story Student Housing Tower Near Arizona State University

by John Nelson

TEMPE, ARIZ. — A joint venture between Core Spaces and Wexford Developments has broken ground on Hub on Campus Tempe, a 30-story student housing tower located near the Arizona State University campus in downtown Tempe. The development, which will feature 1,957 student housing beds, a rooftop amenity deck and ground-level retail space, is scheduled for completion in summer 2028. Kennedy Wilson provided construction financing for the project, and TSB Capital Advisors consulted on the transaction. The development team includes general contractor Findorff and RSP Architects. Core Spaces will manage Hub on Campus Tempe upon completion and the firm’s in-house design team will design the interiors. The project site was formerly home to the historic Harry Walker House, also known as the House of Tricks restaurant, which was recently relocated next to Tempe City Hall on Fifth Street for future preservation and restoration. The development team is working to preserve the nearby First Congregational Church, which will be transferred to city ownership to ensure its continued protection. “This development will provide much-needed housing while also keeping the city’s historic landmarks part of the evolving landscaping,” says Doug Tichenor, senior director of entitlements at Core Spaces. “We see this project as a …

Continue Reading
FacebookTwitterLinkedinEmail
Leasing ActivityMidwestMultifamilyOhioRestaurantRetailStudent Housing

Bagels & Co. Signs 2,660 SF Retail Lease at Rambler Columbus Student Housing Property

by Kristin Harlow

COLUMBUS, OHIO — Bagels & Co. has signed a 2,660-square-foot retail lease at Rambler Columbus, a student housing property near The Ohio State University campus. The tenant will occupy space on the ground floor beginning in spring 2026. Known for its Brooklyn-style bagels, the café also serves La Colombe coffee, 25 varieties of cream cheese and a variety of breakfast and lunch offerings. Developed by LV Collective, Rambler Columbus opened this fall at 222 W. Lane Ave. Other retail tenants at the property include coffee shop Daydreamer and Victory Lap, an Ohio State-themed sports bar. Matt Stein and Matt Cooper of MSC represented both Bagels & Co. and LV Collective in the lease.

Continue Reading
FacebookTwitterLinkedinEmail
IllinoisLeasing ActivityMidwestRestaurantRetail

CBRE Negotiates Five Retail Leases for QDOBA Mexican Eats in Metro Chicago

by Kristin Harlow

CHICAGO — CBRE has negotiated five new retail leases for QDOBA Mexican Eats in the suburbs of Chicago. The locations are in Vernon Hills, Wheaton, Downers Grove, Bloomingdale and Elmhurst. CBRE’s Phillip Golding represented the fast-casual restaurant. The 2,000-square-foot location at 700 N. Milwaukee Ave. in Vernon Hills is within The Marketplace at Vernon Hills, a retail center owned by Kimco Realty. Danada Square West in Wheaton is a grocery-anchored center owned by DLC. The 2,000-square-foot location in Downers Grove is within a property owned by Vic Mehta. LFI is the landlord for the Bloomingdale and Elmhurst properties. Holy Moley Guacamole is the franchise business for the new locations.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIllinoisMidwestRestaurantRetail

Boulder Group Brokers $2.6M Sale of Chipotle-Occupied Restaurant Property in Chicago

by Kristin Harlow

CHICAGO — The Boulder Group has brokered the $2.6 million sale of a single-tenant restaurant property occupied by Chipotle at 2935 W. Peterson Ave. in Chicago. The 2,160-square-foot building is situated near The Home Depot, Mather High School and Lincoln Village Shopping Center. Randy Blankstein and Jimmy Goodman of Boulder Group represented the seller, a Midwest-based real estate investor, and the buyer, a Southwest-based real estate investment fund. Chipotle has a 20-year lease at the property.

Continue Reading
FacebookTwitterLinkedinEmail
711-Town-Center-Dr-Oxnard-CA.jpg
AcquisitionsCaliforniaRestaurantRetailWestern

Hanley Investment Group Arranges $7.2M Sale of Shake Shack-Occupied Retail Property in Oxnard, California

by Amy Works

OXNARD, CALIF. — Hanley Investment Group Real Estate Advisors has brokered the sale of a single-tenant restaurant property at 711 Town Center Drive in Oxnard. A Texas-based developer sold the asset to a Northern California-based private 1031 exchange investor for $7.2 million. Sean Cox, Jeff Lefko and Bill Asher of Hanley Investment Group represented the seller, while Judson Kauffman of New York-based Surmount represented the buyer in the deal. Shake Shack occupies the 3,286-square-foot property, which was built in 2025, under a new 15-year corporate-guaranteed absolute triple-net ground lease. The building features Shake Shack’s latest prototype with a double-lane drive-thru. Shake Shack operates more than 570 locations across 34 states and over 200 international markets as of third-quarter 2025. The company opened 43 company-operated stores in fiscal-year 2024, marking its highest annual expansion to date.

Continue Reading
FacebookTwitterLinkedinEmail
Market ReportsRestaurantRetailWashingtonWesternWestern Market Reports

Experiential Retail Revives Greater Seattle’s Shopping Centers

by John Nelson

— By Jacob Pavlik of Colliers — As big-box retailers scale back or exit the market, a new class of tenants is reshaping the retail landscape across the Puget Sound region. Experiential retail is taking their space and providing destinations for consumers and the experiences they crave. This umbrella term includes concepts that prioritize interaction, entertainment and social connection. This is emerging as a compelling solution for landlords looking to drive foot traffic and re-energize shopping centers. The shift is not accidental. The pandemic disrupted traditional social experiences and accelerated the decline of large-format retail by getting people more accustomed to buying online, even if they “picked up” the item later in a store. Now, with consumers eager to reconnect in person, experiential concepts have gained traction. These tenants often don’t sell goods or services in the conventional sense. Instead, they offer immersive experiences that encourage group participation and repeat visits. Recent examples include Mirra, a 12,000-square-foot social entertainment venue that opened in Bellevue’s Lincoln Square, a mixed-use shopping center with three hotels, and more than 1.2 million square feet of office space. Adjacent to Cinemark Reserve in the South Tower, Mirra offers immersive virtual reality party games and transitions to …

Continue Reading
FacebookTwitterLinkedinEmail
KentuckyMarket ReportsRestaurantRetailSoutheastSoutheast Market Reports

Grocery Anchors Continue to Fuel Louisville’s Retail Market

by John Nelson

Louisville’s retail market continues to show strength in 2025, with grocery anchors driving much of the momentum. Despite national headwinds such as moderating rent growth and elevated construction costs, the metro has proven resilient, posting a vacancy rate of just 3.5 percent, outperforming the national benchmark of 4.8 percent, according to CoStar Group. Asking rents averaged $17.42 per square foot, reflecting steady demand across the region. At the center of this activity are grocers like Kroger, Publix and BJ’s Wholesale Club, each reshaping Louisville’s retail landscape in unique ways.  Kroger is deepening its footprint with multiple new stores, including a 123,000-square-foot location under construction on Beulah Church Road that is scheduled to open in 2026.  Publix, one of the most closely watched entrants to the Kentucky market, has expanded aggressively after opening its first store, securing 60,000 square feet at Blankenbaker Plaza and 56,000 square feet at Prospect Point.  BJ’s Wholesale Club has adopted a redevelopment approach, razing the former Sears building at Jefferson Mall to deliver a 104,000-square-foot store that opened earlier this year.  Collectively, these projects underscore the draw of essential, needs-based retail while fueling complementary leasing activity in their surrounding trade areas. Concepts gaining ground That momentum …

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentMixed-UseOfficeRestaurantRetailSoutheastTennessee

Joint Venture Opens 300,000 SF Mixed-Use Building at McEwen Northside in Metro Nashville

by John Nelson

FRANKLIN, TENN. — A joint venture between Boyle Investment Co., Northwood Investors and Northwood Ravin has opened Block E, a new 300,000-square-foot mixed-use building in Franklin, a city in Nashville’s Cool Springs district. The nine-story, $125 million property is one of the anchors of the McEwen Northside mixed-use development. Block E features a modern training room, full-service fitness center, offices, ground-level retail space and a parking garage. Office tenants include TMPartners PLLC, also the project’s architect, and Designed Conveyor Systems, a supply chain company. Retail tenants include Culinary Dropout, Oak Hall and Hawkers Asian Street Food. In addition to TMPartners, the design-build team includes civil engineer Kimley-Horn and general contractor Hoar Construction. Northwestern Mutual partnered with Boyle Investment, Northwood Investors and Northwood Ravin on the project.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts