Development/Redevelopment

San Diego -- OliverMcMillan announced plans to transform the former theatre building at 5th Avenue and G Street located in the Gaslamp Quarter in downtown San Diego.

“Our vision is to revitalize this active corner perfectly situated in the heart of the Gaslamp. Redeveloping this prime site will provide Downtown more opportunities to engage our local community and tourists alike,” said Dene Oliver, CEO of OliverMcMillan.

Atlanta -- RCP Companies announced a $300 million, experiential, mixed-use development in the heart of Henry County known as Jodeco|Atlanta South in Atlanta. Construction is expected to commence later this year with initial tenants opening doors in 2017.

Preliminary plans for the mixed-use development include retail and restaurants, an entertainment hub, amphitheatre, outdoor fitness and recreation areas and residences within an amenity-rich, urban district.

One of the most exciting and rewarding things about being part of a tightly integrated national network of retail brokerages is the degree to which that network can serve as a resource unto itself. Fellow professionals from around the country and the world can engage in knowledge sharing about market-specific forces, industry observations and invaluable perspective about the changing face of the industry.

Chicago -- CBRE Group announced that Blake Johnson has joined CBRE Capital Markets as executive VP. Based in Chicago, Johnson will join the firm’s Institutional Properties team and will be responsible for office investment sales, with a concentrated focus on Chicago central business district (CBD) office transactions. Johnson will partner with Paul Lundstedt, Dan Deuter, Tom Sitz and Cody Hundertmark to expand the firm’s market share in the region.

So much for the argument that the U.S. market is saturated with retail stores and e-commerce is hurting mall traffic. Tanger Factory Outlet Centers brought four new properties online in 2015 and still managed to achieve a portfolio occupancy rate in excess of 95% for the 35th consecutive year.

Bloomfield Hills, Mich. -- Mid-America Real Estate announced the addition of Eric Unatin to its brokerage team. In his new position as VP, Unatin will be specializing in landlord and tenant representation throughout the state of Michigan.

Shirley, N.Y. -- Heidenberg Properties announced that its Southport Shopping Center, located in Shirley, New York, marks its 25th anniversary. The center is 100% leased, anchored by Marshalls, Petland and Kohl's.

The center first opened to the public in 1990 with original anchors Caldor and Waldbaum's. Over the years, the retail mix has evolved and the center has expanded from 207,000 to 299,000 sq. ft. The first major expansion was the addition of a 33,000 square foot Sears Hardware in 1998.