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JLL Income Property Trust Acquires Montecito Marketplace in Las Vegas for $63M

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Grocery anchors Montecito Marketplace in Las Vegas." /> Smith’s Grocery anchors Montecito Marketplace in Las Vegas. LAS VEGAS — JLL Income Property Trust has acquired Montecito Marketplace , a 190,000-square- foot shopping center located in Las Vegas, for $63 million. Smith’s Grocery and TJ Maxx anchor the fully leased property , which is home to national and regional retailers, restaurants, banks and personal service tenants . The seller in the transaction was undisclosed. Jones Lang LaSalle Income Property Trust Inc. is a REIT that owns and operates a portfolio of high quality office , retail, industrial and apartment properties across the U.S. Tagged sales_and_leases

HFF Secures Financing for Ventana Apartments in San Antonio, Texas

HOUSTON, TX – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has secured fixed-rate financing for Ventana Apartments, a 390-unit, Class A multi-housing community in San Antonio, Texas.Working on behalf of the borrower, Venterra Realty, HFF placed the five-year, 3.06 percent fixed-rate loan with a life company correspondent lender .  Loan proceeds were used to acquire the asset. Ventana Apartments consists of 25 two- and three- story residential buildings containing one-, two- and three- bedroom units totaling 380 , 076 rentable square feet .  Community amenities include two swimming pools with cabanas, a fitness center , clubhouse and gated access.  The 95-percent-leased property is located at 11020 Huebner Oaks near the intersection of Huebner Road and Interstate 10, proximate to retail and entertainment venues including Huebner Oaks Center , which provides an exceptional mix of more than 50 stores and restaurants within walking distance of the property.  V...

Lido Village, Pacific City and Bella Terra redefine the shopping mall

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Restaurant goers at Zinque, a food and wine bar at Lido Marina Village in Newport Beach, on Thursday, August 10, 2017. (Photo by Nick Agro, Orange County Register /SCNG)" src="src" /> Restaurant goers at Zinque, a food and wine bar at Lido Marina Village in Newport Beach, on Thursday, August 10, 2017. (Photo by Nick Agro, Orange County Register /SCNG) Shoppers gather to listen to a musician play at Lido Marina Village in Newport Beach, on Thursday, August 10, 2017. (Photo by Nick Agro, Orange County Register /SCNG)" src="src" /> Shoppers gather to listen to a musician play at Lido Marina Village in Newport Beach, on Thursday, August 10, 2017. (Photo by Nick Agro, Orange County Register /SCNG) street sign inside Lido Marina Books guides customers to the genre they are looking for in Newport Beach, on Thursday, August 10, 2017. (Photo by Nick Agro, Orange County Register /SCNG)" src="src" /> A street sign inside Lido Marina B...