Retail

PORTLAND-The Teachers' Retirement System of the State of Illinois this week sells a 50% stake in 1.2-million-sf Clackamas Towne Center shopping mall to General Growth Properties as part of a new joint venture between the two entities. GlobeSt.com reported two weeks ago that the mall's ownership may be changing.

GRANBY, CO-A 50,000-sf to 60,000-sf King Soopers or City Market will be the next addition to this $450-million residential community boasting an 18-hole golf course, an on-mountain Alpine Club, marina and beach club.

DETROIT-In addition to 10 restaurants opening on East Coast, the Columbus, OH-based Damon's Grill plans an equal number in the state, primarily on the eastern half, as part of its push to reach 300 stores.

BOSTON-Dock Square Garage, a six-story, 698-space parking structure located in the heart of Faneuil Hall Marketplace, one of the city's most popular tourist attractions, secures $35 million in financing. The property also includes 15,641 sf of retail space.

SANTA ROSA, CA-Four years after Charles Schultz decides to build a museum and research center, the idea is reality. The $8 million facility opened its doors this weekend.

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.