Retail

Creating vibrant walkable communities is now preferred over single office buildings.

The project, dubbed SouthLawn, will add more than 600 residences, more than 15,000 square feet of retail space and a town green near the historic downtown.

The 112,000-square-foot Pacific Pearl Shopping Center is already 90% leased and opened, located off of Interstate 580 at 2693 Stoneridge Dr., across the street from the San Francisco Premium Outlets.

Based on projects underway and announced openings, DFW is on track to add approximately 3.48 million square feet of retail space, hitting the 200-million-square-foot mark for the first time this year.

Starwood Mortgage Capital, LLC of Miami originated $40.75 million for the 55 Miracle Mile mixed-use building in Coral Gables and The Nexus property portfolio.

Walmart officials called the closure decision difficult, but said it was based on the store's efforts to focus on supercenter-formatted locations.

The sale also included the retail center but also air rights for a fully-entitled office building.

A special preview goes behind-the-scenes of the $400 million, 675,000 square-foot office building that's a critical part of the economic redevelopment on Brooklyn's waterfront.