Globest Sectors

Lennar Corp. acquires one of the few remaining development sites of scale in San Diego with plans to build a 601-home residential community.

It's a 'once in a career' opportunity to find a site like this, says Pete Harmon, Ridgeline's regional partner.

Today, shopping center owners are living and dying by their tenant mix—but quality retailers are choosing quality centers.

"We wanted to create a beautiful garden and oasis that is an extension of the Parkway and the Rodin Museum, one that is both an amenity for the residents and an enhancement to the neighborhood,” says Joe Sikora, principal at Sikora Wells Appel.

The expansion will support Ulta Beauty's continued growth and provide additional space and amenities to attract and retain talent, says Colliers' Frederick Regnery.

“Its success is reflective of Rockefeller Group's long track record of successful Garden State developments, as well as the shifting market fundamentals that are driving tenants to the 287 market,” says Cushman & Wakefield's Jules Nissim.

The more than $500 million cultural center will work to shed preconceived notions of architecture, art and exclusivity.

New York City-based ESG Kullen, which is active in the South Florida distressed and value-add multifamily investment markets, secured $33 million from Pembrook Capital Management LLC of New York City in connection with the deal.