Retail

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.

ORLANDO-One of the fastest-growing active retirement communities in the United States, the 20-year-old, privately owned Lady Lake, FL venture has fought off a protracted lawsuit aimed at barring the construction of 43,000 new homes, four million sf of retail, 2,000 acres of golf courses and two town centers on 7,000 acres, 60 miles northwest of Downtown Orlando.

LONDON-The AIM-listed property developer and trader Halladale Group in a joint venture with Citigroup Alternative Investments has bought a mainly retail portfolio from Henderson Global Investors and the United Bank of Kuwait's Opportunity Fund.

WAUKEGAN, IL-Tricon Global Restaurants, Inc. will build a Pizza Hut restaurant on a 23,522-sf site at the Lake Plaza retail center at Route 120 and Green Bay Road it acquires from Simon Properties for $188,179.

LONDON-Vodafone has started the phased disposal of its 30 separate holdings in Newbury, Berkshire in preparation for it move into a purpose-built world headquarters on the northern outskirts of the Berkshire town.