© 2019 by Fairbourne Properties, LLC. 

  • Facebook - Black Circle
  • Instagram - Black Circle
  • Twitter - Black Circle
  • LinkedIn - Black Circle
FAIRBOURNE PROPERTIES NEWS

FAIRBOURNE NEWS

Keeping you up to date with the latest news about our firm, new acquisitions, and property updates.  

One of the Sacramento region's largest retail properties is now owned by a firm from Chicago. Property records show investment group Fairbourne Properties bought both The Promenade and The Village at Sacramento Gateway properties in North Natomas in separate deals.

Bargain shoppers are making their way to Town Square Las Vegas for some browsing and buying.

Discount retail chain T-J Maxx opened its doors at the outdoor shopping area.

13 Action News went around town, where mall businesses are excited to welcome its newest neighbors.

 Big Whiskey’s American Restaurant & Bar Las Vegas is many things to many people. It’s a sports bar for sports enthusiasts, a whiskey bar for whiskey devotees and a friendly, relaxed atmosphere for a family night out. After nearly 13 years in the Midwest, the renowned restaurant is making its way out west! Locally owned and operated, Big Whiskey’s American Restaurant & Bar Las Vegas will make its debut Tuesday, Feb. 19 at 6587 S. Las Vegas Blvd, Suite 196, in the heart of Town Square Las Vegas.

T.J. Maxx is relocating one of its Las Vegas Valley stores to Town Square. On March 7, T.J. Maxx will host a grand opening event for its new Town Square location. 

Weingarten Realty Investors Sells Power Center in Central Florida

January 16, 2019

Weingarten Realty Investors has sold the Marketplace at Seminole Towne Center, a 484,520-square-foot retail center in Sanford, Florida, to a partnership between Fairbourne Properties and CBRE Global Investors.

HFF ANNOUNCES SALE OF SUBURBAN ORLANDO POWER CENTER

January 15, 2019

Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of the Marketplace at Seminole Towne Center, a 484,520-square-foot, open-air power center in the northern Orlando-area community of Sanford, Florida.

The HFF team marketed the property on behalf of the seller, Weingarten Realty Investors.  A partnership between Fairbourne Properties and CBRE Global Investors purchased the center.

Ownership of The Streets of Brentwood recently changed, and while the ink is still drying on the contracts, residents and tenants alike hope the shift will breathe new life into the retail hub.

Big Brentwood retail mall is bought by Chicago investors

July 12, 2018

The Streets of Brentwood has experienced a significant upgrade to the quality and stability of its tenant roster over the past five years and has become the ‘go-to’ center in an affluent trade area where experiential shopping is limited,” said Nicholas Bicardo, a senior manager with NKF Capital Markets.

Fairbourne Properties Buys The Streets of Brentwood

July 11, 2018

Fairbourne Properties has acquired The Streets of Brentwood, a 358,615-square-foot grocery- and theater-anchored lifestyle center in Brentwood, Calif., from a fund managed by DRA Advisors. NKF Capital Markets represented both parties in the transaction.

The Streets of Brentwood has been bought by Chicago-based Fairbourne Properties, a realty investment, development and management group, according to NKF Capital Markets, a real estate advisory group that arranged the purchase.

The retail, restaurant and entertainment center was bought for roughly $87.5 million, according to people with direct knowledge of the transaction. The seller was G&I VII Brentwood, which is affiliated with DRA Advisors, a New York City-based realty investment firm.

NKF Capital Markets Completes Sale of The Streets of Brentwood

July 11, 2018

The Streets of Brentwood benefits from nearly 70,000 cars that travel by it daily due to its proximity to Highway 4. Situated on approximately 49 acres, the property is also being delivered with fully-entitled development parcels totaling nearly 12 acres that can support an additional 80,000 square feet of retail as well as outparcels suitable for quick-service restaurants. Fairbourne Properties also has the opportunity to add multifamily on one of the parcels.

Please reload

The following press release was issued by NKF Capital Markets on Tuesday, July 10, regarding the sale of The Streets of Brentwood shopping center.

NKF Capital Markets has announced the sale of The Streets of Brentwood, a high-profile grocery-and theatre-anchored lifestyle center located in the San Francisco Bay Area. The 358,615-square-foot center includes a 14-screen AMC Theatre, DSW, ULTA and a new Sprouts Farmers Market.

BRENTWOOD — A prominent shopping center in Brentwood has been grabbed by investors from Chicago in a deal that points to a robust retail, restaurant, and movie scene in that part of the East Bay.

The Streets of Brentwood has been bought by Chicago-based Fairbourne Properties, a realty investment, development, and management group, according to NKF Capital Markets, a real estate advisory group that arranged the purchase.

Some of the best restaurants and shopping in Texas can be found here. Centrally located in the DFW Metroplex, Arlington Highlands has something for everyone. Whether its a visit with the whole family or and outing with friends to your own personal outing, Arlington Highlands will definitely please!

Everyone’s favorite thing about Lazy Dog is that their patio is totally dog-friendly. The second thing is their delicious food. Guests can enjoy menu items like burgers, sandwiches, hummus, fish tacos, calamari, and lentil soup, while your pooch can enjoy a dog-friendly menu of hamburger or chicken. 

The Raider Image Town Square Opens in Las Vegas

November 08, 2017

LAS VEGAS, Nev. – The Raider Image, the official team store of the Raiders, will open its 10th retail store today at Town Square Las Vegas, marking The Raider Image’s first location in Nevada.

Intercontinental Real Estate, Fairbourne Partners Buy Broadway at Surf in Chicago

January 19, 2017

Intercontinental Real Estate Corp. and Fairbourne Partners have acquired in a joint venture the Broadway at Surf shopping center in Chicago, IL from Invesco. Terms of the deal were not disclosed. 

Las Vegas—TH Real Estate has expanded its retail holdings in Las Vegas with the acquisition of an 85 percent share in Town Square Las Vegas, a 1.1 million-square-foot lifestyle center, along with minority stakeholder Fairbourne Partners.

Town Square Las Vegas under new ownership

January 30, 2017

Town Square Las Vegas, the sprawling, open-air retail project south of the Strip, is under new ownership.

New York investment giant TIAA and Chicago-based Fairbourne Partners have acquired the roughly 100-acre property, according to an announcement Monday.

The sale closed on Friday, Clark County records indicate. The new owners did not announce the purchase price.

Tampa firm partners with TIAA to buy Vegas mall in massive real estate deal

January 30, 2017

A subsidiary of Tampa's Third Lake Capital has acquired an open-air lifestyle mall in Las Vegas in a transaction that industry observers peg at around a half-billion dollars.

Fairbourne Properties, which is wholly owned by Third Lake Capital, partnered with Teachers Insurance and Annuity Association of America to buy Town Square Las Vegas, said Ken Jones, CEO of Third Lake Capital.

Please reload