Retail

PORTLAND-An article this week in Oregon's major daily newspaper says rumors are circulating that the 1.2-million-sf mall is being sold. The regional mall's owner, not quoted in the article, tells GlobeSt.com it's "not marketing the property.

ONTARIO, CA-Encompassing 35,000 sf, the retail complex is located at 2529 Euclid St. It was 95% occupied at the time of sale, with tenants including McDonald's and Del Taco.

ORLANDO-The Oak Brook, IL-based REIT has acquired its 30th Florida retail property and ninth in Orlando with the $11.41 million acquisition of the three-year-old, 78,625-sf asset previously owned by CAP Orlando Ltd. and Centennial American Properties LLC at the northeast corner of Good Homes Road and West Colonial Drive in west Orlando.

LAKESIDE, CA-CP Investments Inc. acquires Lakeside Plaza, a shopping center anchored by a Vons grocery store. The property, which is 95% leased, sells for $2.2 million.

ORLANDO-In the last 14 months, Jim Michalak, senior director in the brokerage's Tampa office, has closed 13 shopping center deals totaling 1.66 million sf valued at $128.4 million and averaging $9.88 million per deal. Cap rates are down and power centers are back in demand, Michalak says.

ORLANDO-Called The Loop, the 33-acre project will mirror the developer's 500,000-sf, $85 million venture in suburban Boston that was developed at about $170 per sf. The project inflates Central Florida's retail inventory to over 47 million sf.