
Nearly 400,000 SF South Texas Retail Center Trades Hands in McAllen
CTO Realty Growth acquired Palms Crossing, a 399,075 SF open-air retail center in McAllen, Texas, from WPG for $81.6M, arranged by JLL Capital Markets.
110 stories on retail in commercial real estate.

CTO Realty Growth acquired Palms Crossing, a 399,075 SF open-air retail center in McAllen, Texas, from WPG for $81.6M, arranged by JLL Capital Markets.
Greenstone Partners arranged the $19.5M sale of a fully leased, 54,000 SF retail center at 1415-1417 N. Kingsbury St. in Chicago's Clybourn Corridor.

Greenstone Partners brokered the $19.5M sale of a 54,000 SF Clybourn Corridor retail center from Westwood Financial to a venture of Honore Properties and Peerless Development.

Hanley Investment Group arranged the $6.9M sale of two single-tenant retail pads in Murrieta, CA to a private 1031 exchange investor.

Target plans 30 new stores and 130+ renovations in 2026 as part of a $2B brand refresh, CEO Michael Fiddelke announced following a year of declining sales.

JLL Capital Markets arranged the sale of the fully leased Shops at Fry & Tuckerton, a 39,912 sq ft retail center in Cypress, TX, on behalf of Gulf Coast Commercial Group.

Gantry arranged $42.8M in permanent loans for four retail centers across California, Illinois, Oregon, and Wisconsin for Rhino Investments Group.

Munich-based Manova Partners has sold the 323,927-square-foot Nashville West Shopping Center, a 98%-leased super-regional center at I-40 and Charlotte Pike.

MetLife Investment Management sold Overlook at Oakbrook, a 52,876-sq-ft unanchored retail strip center in Oak Brook, IL, for $44 million.
New York state lawmakers have reintroduced the Small Rent Stabilization Act to cap rent increases for independent retailers in NYC's five boroughs.

TMG Partners assumed the ground lease on the four-story Metreon shopping center in downtown San Francisco, a 92% leased property previously assessed at $150.7 million, with plans to rebrand the fourth-floor event space.

Chicago's neighborhood retail corridors are tightening while downtown stretches like the Magnificent Mile continue to lag, with suburban demand also rising.