property type: Retail

Columbus Business First Brahama 99 LLC has paid $27.4 million, or $140.51/sf, for Sawmill Plaza, a 195,000-square-foot shopping center in Columbus, Ohio. The New Jersey company purchased the property from a group of California investors in a deal brokered by ...

South Florida Business Journal BH Properties has taken title to a 27,000-square-foot retail building at 1100 Lincoln Road in Miami Beach, Fla., from Vornado Realty Trust. The property serves as collateral for $82.75 million of debt that went into default ...

Hull Property Group, which has acquired a number of troubled regional malls from CMBS trusts in recent years, bought the Westfield Citrus Park Mall in Tampa, Fla. As part of its purchase, the Augusta, Ga., company has assumed a $123.94 ...

Minnesota Life Insurance Co. has provided a $25 million mortgage against the 95,688-square-foot grocery-anchored retail center at 900 Madison St. in Hoboken, N.J. The 10-year loan was originated by Securian Asset Management of St. Paul, Minn., on Minnesota Life's behalf ...

Commercial Real Estate Direct Staff Report Destiny USA Mall in Syracuse, N.Y., has had its appraised value slashed by 80 percent from its original value, to $147 million. The mall last was re-appraised in January 2021 at a value of $203 ...

Piermont Properties is offering for sale Q-East, a 131-unit apartment building in the Jamaica Hills section of Queens, N.Y. The New York developer has hired RIPCO Real Estate, also of New York, to market the property, at 178-02 Hillside Ave. ...

Meridian Pacific Ltd. is offering for sale the 113,425-square-foot Puna Kai Shopping Center in Pahoa, Hawaii. The Waipahu, Hawaii, developer has hired Marcus & Millichap to market the retail property for sale. It's expected to sell for $75 million, or ...

Namdar Realty Group is said to have purchased the Emerald Square Mall in North Attleboro, Mass. The Great Neck, N.Y., investor paid $29.17 million for the retail property, which was sold by the two CMBS trusts that had held $94.52 ...

Greenberg Gibbons Commercial Corp. has paid $23.6 million, or $110/sf, for the Gateway Plaza, a 214,489-square-foot retail center in the Orlando, Fla., suburb of Sanford, Fla. The Owings Mills, Md., developer of mixed-use, retail and research and development properties, bought ...

The $123.94 million of CMBS financing against the Westfield Citrus Park Mall in Tampa, Fla., has been modified as part of a transaction facilitating the property's sale. The loan, securitized through Morgan Stanley Bank of America Merrill Lynch Trust, 2013-C10, ...