Rainier, University of Oklahoma Foundation to Build $1.1 Billion Rock Creek Entertainment District in Norman
Rainier Development Co. has signed a master agreement with the University of Oklahoma Foundation to build the $1.1 billion Rock Creek Entertainment District on 269 acres in Norman, Oklahoma. The mixed‑use project will open in phases, beginning with an 8,000‑seat performance venue, 140,000 sq ft of retail, dining and entertainment, and 250 multifamily units slated for 2028. Subsequent phases will add 180,000 sq ft of office space, a 150‑room hotel, and an additional 500 residential units. The development is projected to generate more than 3,000 construction and permanent jobs.
Stone City Capital to Develop 68-Acre Mixed-Use Project in Metro Charleston, South Carolina
Charlotte‑based Stone City Capital announced Seamist Commons, a 68‑acre mixed‑use development in Summerville, South Carolina. The project will combine retail, office, residential units, a 28‑acre forest preserve, and extensive EV‑charging infrastructure. Phase I retail spaces ranging from 1,400 to 11,900 sq ft are...
WRS Breaks Ground on $1.2 Billion Redevelopment of Lakeforest Mall in Metro D.C.
Retail developer WRS Inc. has broken ground on a $1.2 billion mixed‑use redevelopment of the former Lakeforest Mall in Gaithersburg, Maryland. The 102‑acre site will become a walkable mini‑city featuring 1,600 residential units—including 600 for‑sale homes, 600 rentals, and 250 workforce‑housing...
Marcus & Millichap Arranges $4.3 Million Sale of Two Single-Tenant Retail Properties in Valparaiso, Indiana
Marcus & Millichap arranged the $4.3 million sale of two adjacent single‑tenant retail properties in Valparaiso, Indiana. The sites—7 Brew and a neighboring space occupied by Chipotle—are newly constructed and operate under 15‑year leases. Buyers were a Nevada‑based investment and development firm...
BIVI/Padel Acquires Former Beach Cinema Alehouse in Virginia Beach for $6.3 Million, Plans Redevelopment
BIVI/Padel purchased the former Beach Cinema Alehouse at 941 Laskin Road in Virginia Beach for $6.3 million. The partnership of Jason Vickers‑Smith and Ahmad Butt will convert the site into an indoor padel complex called the Padel Foundry. The redevelopment aims...
TDC to Break Ground on Second Phase of Medley in Johns Creek, Georgia
Toro Development Co. (TDC) and Ascentris secured a $90 million construction loan to break ground on Encore, the second phase of the 43‑acre Medley mixed‑use project in Johns Creek, Georgia. Encore will add 408 luxury apartments and 20,000 sq ft of ground‑floor retail,...
CenterSquare Sells Shops at Hamilton Mill in Metro Atlanta
CenterSquare has completed the sale of Shops at Hamilton Mill, a 43,518‑square‑foot retail center in Dacula, a suburb of Atlanta. The six‑building complex was fully leased to tenants such as Wild Wing Café, J. Christopher’s, Kumon Learning Center and Pure...
Selig Enterprises Signs Leases with Three New Tenants at The Works in Atlanta
Selig Enterprises announced leases with three new tenants at The Works, its 80‑acre mixed‑use campus in Atlanta’s Upper Westside. Summer Breeze Flowers & Gifts is expanding to a 1,500‑sq‑ft storefront, while The Food Work Shop will launch a culinary studio...
Retail Component of Rise Koreatown Mixed-Use Development in Los Angeles Nears Completion
Nadel Architects says the retail portion of Rise Koreatown, a seven‑story mixed‑use project in Los Angeles, is nearing completion. The development will feature more than 52,000 sq ft of ground‑floor retail anchored by a 30,000 sq ft Zion Market, a Korean‑focused supermarket. Over 350...
Marcus & Millichap Brokers $2.5 Million Sale of Single-Tenant Restaurant Property in Wisconsin
Marcus & Millichap brokered the $2.5 million sale of a newly constructed 5,000‑square‑foot restaurant building in Wausau, Wisconsin, leased to Chipotle Mexican Grill. The lease is a 15‑year, corporate‑guaranteed net lease, and the site is the only Chipotle within a 95‑mile...
JLL Negotiates $115 Million Sale of Grocery-Anchored Retail Portfolio Across Four States
JLL Capital Markets has negotiated the sale of a 588,000‑square‑foot grocery‑anchored retail portfolio across Georgia, South Carolina, Virginia and New Jersey for $115 million. The seven‑property package, featuring anchors such as Publix, Kroger and Stop & Shop, is 99.6% leased, highlighting strong tenant demand....
Hanley, NAI DESCO Arrange $3.3 Million Sale of Single-Tenant Restaurant Property in Upstate New York
Hanley Investment Real Estate Advisors and NAI DESCO brokered the sale of a 4,373‑square‑foot, single‑tenant restaurant building in Plattsburgh, New York for $3.3 million. The property, built in 2020, is occupied by Panera Bread under an absolute triple‑net lease with nine years remaining...
Marcos’s Pizza Signs 12-Unit Franchise Agreement in Southern California
Marco’s Pizza, based in Toledo, Ohio, has signed a franchise agreement to open 12 new restaurants in Southern California, to be owned and operated by franchisee Baljit Gill. The chain already runs three locations in the region—Upland, Fontana and Hesperia—and...
NewQuest Breaks Ground on Junior Retail Component at $400 Million Texas Heritage Marketplace in Metro Houston
NewQuest has broken ground on the junior retail portion of Texas Heritage Marketplace, a $400 million, 165‑acre mixed‑use development in Katy, Texas. The project will total 800,000 sq ft of commercial space, featuring junior anchors such as Academy Sports + Outdoors, Burlington, Spec’s...
Hanley Investment Group Arranges $4.6 Million Sale of Single-Tenant Retail Property in Metro Los Angeles
Hanley Investment Group Real Estate Advisors arranged the sale of a newly renovated, single‑tenant retail property in Pomona, California for $4.6 million. The 1,650‑square‑foot building houses a Starbucks café operating under a 15‑year triple‑net lease with 10 percent rent escalations every five...
