CVS Acquisition Brings Placentia Retail Center Under Sole Ownership

NewMark Merrill Companies has acquired the CVS Pharmacy building within Placentia Town Center, a 142,666-square-foot retail center located on the southwest corner of Yorba Linda Boulevard and Kraemer Boulevard in Placentia, California. Deal terms were not disclosed. The Calabasas-based owner/operator now owns the entire center. “NewMark Merrill believes that …

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NewMark Merrill Tapped to Manage Vacaville Power Center

NewMark Merrill Companies, Inc. has been awarded property management of The Nut Tree and Nut Tree Plaza, a 372,225-square-foot retail and entertainment destination in Vacaville, just south of the 505 and 80 Interstate Freeways. Founded in 1921 as a roadside fruit stand, the center traded to Tower Investments for $124.5 million in …

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‘A Huge Multiplier’: Advanced Augmented Reality Comes To CRE

The latest iteration of augmented reality technology arrived in Apple stores earlier this month as the tech giant released its latest gadget: the Vision Pro, a pair of goggles that the company says blends the digital world and the physical space. And as purveyors of physical space, some in …

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