(Ian Ritter is national online editor for GlobeSt.com/RETAIL.)

SACRAMENTO, CA-SCI Real Estate Investments has acquired the 242,674-sf Park Place II power center here from Costa Mesa, CA-based shopping center owner Donahue Schriber for $71.5 million. With this deal, Los Angeles-based SCI has closed on more than $110 million in shopping center acquisitions in the last week.

Last week SCI purchased the 153,400-sf, Giant Foods-anchored Palmer Town Center, in Easton, PA, for $40.8 million. Of SCI's $1 billion in total assets, about 50% are currently retail properties; the rest are other property types.

Of the $1 billion the firm expects to acquire next year, about half will be retail assets, according to SCI executives. The company is also in the process of developing Midvale Marketplace, a 100,000-sf center in Tucson, AZ that is shadow-anchored by a Wal-Mart Supercenter and is set for completion in March.