DEALS

A California-based developer of open-air retail properties that plans to double the square footage of its portfolio this year has set off aggressively on its mission in the first days of 2022.

Kohan Retail Investment Group, the fallen mall resuscitator willing to operate properties with 20%-plus vacancy rates, has purchased Montgomery Mall in North Wales, Pa., for $55 million, according to the Philadelphia Business Journal.

BurgerFi has made an agreement to purchase Anthony’s Coal Fired Pizza & Wings and direct a joint expansion of the two chains focused on the eastern half of the United States.

A private family trust that developed Marketplace Beaumont in the Inland Empire east of Los Angeles in 2008 has sold it for $37.5 million in a marketplace in which investors are paying top dollar for viable retail centers in strong markets.

Phillips Edison & Company, one of the nation’s leading owner-operator of neighborhood centers, has sold Atwater Marketplace in Atwater, Calif. For an undisclosed price to a private investor.

The Dayton's Project in downtown Minneapolis is back in the hands of its original developer.

With all its real estate now in place, DealPoint Merrill is ready to proceed with the construction of the Belle Oaks Marketplace mixed-use center on the site of what was once one of Ohio’s largest malls.

Kite Realty Group and Retail Properties of America announced a merger in which RPAI will become a subsidiary of KRG.