Crosbie Real Estate Group I Recent Deals



ICSC PRESS RELEASE : CitySet Wins 2014 ICSC U.S. Design & Development Award

Press release below, featuring our listing at CitySet in Glendale, CO!


ICSC Contact

Jesse Tron: (646) 728-3418


Cityset Wins 2014 ICSC U.S. Design & Development Award

NEW YORK, December 5, 2014 – Throughout its history, the International Council of Shopping Centers (ICSC) has recognized and honored the shopping center industry’s most cutting-edge properties, innovative solutions and creative responses to market trends, as well as outstanding examples of design and development throughout the world through its Global Awards programs. As part of the shopping center industry’s premier awards competition, ICSC is pleased to announce that Cityset, Glendale, Colorado has been chosen as a Silver Design and Development Award winner in its annual U.S. Design and Development Awards. ICSC’s U.S. Design and Development Awards are designed to recognize outstanding projects for excellence in the creation of new retail projects, and in the expansion or redevelopment of existing projects, solely within the continental United States. [Editor’s note: For complete details on this awards and a list of all winners, visit ICSC’s global awards web gallery]. 

Cityset is a seven-acre mixed-use development located in the city of Glendale/Cherry Creek, Colorado, an “island” of sorts as it is surrounded by the city and county of Denver. What started as a hotel remodel, this project became a 250,000-square- foot open-air plaza concept to include an experimental blend of high-profile restaurants, hotels and retail establishments.

Professional regonition was given too Sonely Retail, LLC, Sonely Lodging, LLC & Cherry Creek Lodging, LLC , Owner; Stonebridge Companies, Management/Development Company; Stantec ViBE, Design Architects/Lighting Designer; G3 Architecture, Inc. Production Architects; TCI, Wells Fargo, Finance Company; Milender White Construction Co; Martines Palmeiro Construction, LLC; Waner Construction Co, Inc., General Contractor; and Crosbie Real Estate Group LLC, Leasing Company.

ICSC announced the winners of the 2014 U.S. Design and Development Awards during an awards ceremony at ICSC’s annual CenterBuild Conference in Phoenix, Ariz. The competition was open to shopping center owners, developers, management companies, architects, designers, retailers, or other professionals responsible for any retail project or retail store design that demonstrated unusual development or redevelopment characteristics with a high degree of creativity and uniqueness within the continental U.S.   The competition focused on three general categories: Renovation or Expansion of an Existing Project; New Developments; and Retail Store Design.

In addition, all Gold U.S. Design and Development Award winners are automatically eligible to win ICSC’s VIVA Best-of-the-Best Award.  The ICSC VIVA Best-of-the-Best Awards, which recognize the shopping center industry’s most cutting-edge properties, innovative solutions and creative responses to market trends, throughout the world, will be presented during ICSC’s annual convention, RECon, May 17, 2015 in Las Vegas, Nev.

Founded in 1957, ICSC is the premier global trade association of the shopping center industry. Its more than 67,000 members in over 100 countries include shopping center owners, developers, managers, marketing specialists, investors, retailers and brokers, as well as academics and public officials.  For more information, visit

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Re-posted by: Crosbie Real Estate Group

Supermarket News I Zell confirms bid for Albertsons spinoffs

AlbertsonsNoted private equity investor Sam Zell has confirmed his interest in acquiring stores to be spun off in the Albertsons-Safeway deal.

In a televised interview Sunday, Zell said Albertsons and Safeway’s focus on completing the $9 billion, 2,400-store deal has created an attractive price for 140 stores those companies may be required to divest in order to meet regulatory approval of the merger.

Zell, who leads Chicago-based Equity Group Investments, at one time owned Quality Food Centers, the Seattle supermarket chain now belonging to Kroger Co.

“Obviously, like any deal, it starts with the price,” Zell said in the interview with Fox News. “In this particular case, this is a $9 or $10 billion merger of Safeway and Albertsons and this is 140 stores that they were forced to divest. So their focus is on getting the big deal done, which creates an opportunistic environment on taking care of the remnants.”

Zell is said to be working with Stuart Sloan, a former QFC president, reports said.

“We have a lot of confidence in the supermarket business,” Zell told Fox. “We’ve been in it before, very successfully, and we think this is an interesting opportunity, and a good deployment of capital.”

Oaktree Capital Management and Convest Partners are also said to be bidders for the Albertsons-Safeway divestitures, according to reports. Neither Safeway nor Albertsons have commented on possible divestitures. They expect their merger to completed shortly.

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Re-posted by: Crosbie Real Estate Group