Suzy Reingold

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    The company acquired its first North Carolina shopping center when it acquired Galleria Village, which is currently 83 percent leased to various tenants. The company also bought Central Plaza in Minnesota, another shopping center, that is currently 92 percent occupied.

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    The improvement program will feature renovations to the main lobby and common areas. Lincoln Property Co.’s Michael Howell and Matt Davis are in charge of leasing the the property, which has two available floors that feature an internal staircase and upgraded finishes.

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    The 45,960-square-foot multi-tenant asset was 95 percent leased at the time of the transaction. Earlier this year, it was subject to a refinancing deal which included several industrial assets.

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  • Rising Demand Boosts Las Vegas Rents

    The metro's apartment sector has heated up during the past few years, with rents rising 4.4% year-over-year and occupancy in stabilized properties reaching 95.6%.

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