REAL ESTATE

Thousand Oaks, Calif. -- Beverly Hills, Calif.-based Cardinal Equities, through its affiliate Paradise Capital Group, said it has acquired from U.S. Bank a 50,000-sq.-ft. retail and office complex in Dos Vientos Ranch, a master-planned community in Thousand Oaks, Calif.

Paraiso Town Center, built in 2008 and foreclosed on by the construction lender in late 2009, includes 40,000 sq. ft. of ground-level retail and restaurant space with outdoor dining, and 10,000 sq. ft. of office space.

New Iberia, La. -- Centro Properties Group announced that T.J. Maxx recently opened a new 24,035-sq.-ft. store at Lagniappe Village, located in New Iberia, La.

New York City-based Centro owns the shopping center.

Tomball, Texas -- Houston-based commercial real estate brokerage Baker Katz said it has acquired the Four Corners Shopping Center in Tomball, Texas.

Baker Katz purchased the 120,000-sq.-ft. center through an investment fund dedicated to real estate development, acquisition and ownership. The center holds the last remaining big-box vacancy in Tomball, a 45,000-sq.-ft. former Kroger space. Baker Katz plans to begin a major renovation on the center later this year and will look to re-lease the space.

Chicago -- Oakbrook Terrace, Ill.-based Mid-America Asset Management said that Charming Charlie will open an 8,650-sq.-ft. store at Geneva Commons, in Geneva, Ill., a western suburb of Chicago.

The new store is slated to open summer 2011 in the 437,650-sq.-ft. lifestyle center, joining a recently opened Sephora, which debuted a 3,909-sq.-ft. store in the center.

Geneva Commons is anchored by Dick’s Sporting Goods, Barnes & Noble, Crate & Barrel, Pottery Barn, H & M, Anthropologie and more.
 

Chicago -- Oakbrook Terrace, Ill.-based Mid-America Asset Management said that Chipotle Mexican Grill, along with Clearly Cares Dental, have recently signed leases at Elston Plaza in Chicago.

Denver-based Chipotle Mexican Grill, which leased 2,405 sq. ft., plans to open a restaurant in third quarter 2011. Clearly Cares Dental signed a lease for 1,500 sq. ft. with plans to open this summer.

Elston Plaza is a 91,713-sq.-ft. Jewel/Osco-anchored shopping center in northwest Chicago.
 

Magnolia, Texas -- Jacksonville, Fla.- based Regency Centers said it has leased restaurant space in Magnolia, Texas, at Westwood Village to Five Guys Burgers and Fries.

Five Guys leased 3,127 sq. ft., bringing the center to 97% leased. The restaurant is now open for business.

Westwood Village is a 310,000-sq.-ft. community center anchored by Target, Ross Dress For Less, and T.J. Maxx.

Dallas -- Cypress Equities Cos. said it has expanded its leasing team with the addition of Giancarlo “GC” Carriero, who joins the firm as leasing manager.

Carriero is responsible for developing and leveraging relationships with potential tenants and facilitating leasing solutions for Cypress’ nationwide retail and mixed-use projects. 

He was previously leasing representative for General Growth Properties.
 

Phoenix -- Los Angeles-based Karlin Real Estate said it has acquired through foreclosure two Phoenix-area shopping centers totaling nearly 220,000 sq. ft.

The move follows the firm's purchase of a non-performing loan portfolio with an aggregate unpaid principal of approximately $65.5 million.

The Boulevard at Surprise Pointe is a 201,223-sq.-ft. lifestyle center in Surprise, Ariz., anchored by a Walgreens and UltraStar Cinemas.