Real Estate

New York City -- Centro NP Residual Holding LLC said Friday it has sold a portion of its interest in 25 shopping centers and formed a joint venture with Inland American CP Investment, LLC, a wholly owned subsidiary of Inland American Real Estate Trust.

The new joint venture has secured $310 million of term loans with J.P. Morgan and Goldman Sachs, which mature in 10 years and are secured by assets within the joint venture.

Los Angeles -- Grubb & Ellis Co. announced Monday that Arlene Sommer and Mark Robinson have joined the company’s Office Group as executive VPs, along with Evan Kantor who joins as a senior associate.

Specializing in office tenant representation, primarily in the media, entertainment, legal and financial industries, the team joins from Studley, where they served as executive managing director, senior managing director and assistant director, respectively.

Baltimore -- Jacksonville, Fla.-based Regency Centers on Tuesday announced the completion of an interior and exterior store remodel of Shoppers Food & Pharmacy at Southside Marketplace, located in Baltimore. 

The newly renovated anchor includes an upgraded shopping experience with updated finishes, lighting and store fixtures inside and out.

New York City -- Winick Realty Group announced that Smart Fashion, a national importer and exporter of women’s apparel, has leased its first retail location at 149B West 36th Street, between Broadway and 7th Avenue in Manhattan’s Garment District.

Smart Fashion already operates a wholesale showroom nearby at 1407 Broadway.

The 2,000-sq.-ft. store will focus on trendy junior sportswear.

Addison, Texas -- Coyote Management, LP and Garrison Investment Group, through their affiliates, announced they acquired Decatur Mall, in Decatur, Ala., and Lakeshore Mall, in Gainesville, Ga., in September and have made enhancements and changes to the properties.

A new corporate ad campaign for both malls was launched Nov. 1, and each mall has added a Customer Service Center, a new MasterCard gift-card program, children’s stroller program, new website and social media.

Making your NRF Show plans? Don’t forget to allow yourself time to check out the Big Apple’s exciting retail scene. Here’ s a quick hit list of the city’s newest retail stars:

Atlanta -- Jacksonville, Fla.-based Regency Centers said Tuesday it has leased more than 23,500 sq. ft. of retail and restaurant space for seven new merchant locations in the Atlanta metro market.

According to Andre Koleszar, Regency Centers’ VP and regional officer, Atlanta-area retail business is getting stronger. “We’ve seen leasing activity recovering and retailers are attracted to shopping centers in prime locations with a merchandising mix that attracts upscale customers, ” he said.

Jacksonville, Fla. -- Jacksonville, Fla.-based Regency Centers said it has leased retail space in Jacksonville at Johns Creek Center to Tony’s New York Style Pizza.

The local pizzeria will open a 1,600-sq.-ft. restaurant in March 2011, and brings the center to 93% leased.

The 75,100-sq.-ft. shopping center is anchored by Publix alongside Great Clips, H&R Block and Bank of America.