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In the first deal, recently formed LBX Investments of Los Angeles has purchased Alfaya Commons, a 130,811-square-foot shopping center at 11792-11970 East Colonial Drive from Regency Centers in a deal valued at $19.8 million.
Restaurants and food and beverage is not only driving retail leasing, but real estate owners in every asset class are creating curated food experiences to drive value.
The sale marks the first purchase in South Florida for Yair Levy, a New York-based investor and developer who has proactively diversified his portfolio of holdings after a contentious legal battle resulted in a ban from selling residential condominiums and co-ops in New York State in 2011.
Alan Pullman of Studio One Eleven is working with Southern California with Metro and the Department of Transportation to create a mobility hub at the Bloc in DTLA, and it could be the key to increasing density.
H-E-B has previously announced plans to add six more stores in Houston this year and because the grocer typically owns its stores here, very few come up for sale: one exception was Tanglewood Court.
At its Deerfield Beach, FL headquarters, The Learning Experience has 80 employees, with plans to grow to 110 employees by the end of 2018, and up to 150 long term, a company spokesperson tells Globest.com
More than a dozen offers came in for the sale of the Broadway Plaza in the rapidly growing Chula Vista market in one of the rare quality retail deals to hit the market this year.