Raleigh, N.C. — FCA Partners LLC has acquired Celebration at Six Forks, a 125,000-square-foot shopping center located in Raleigh, for $19.1 million.
Bal Harbour, Fla. — Whitman Family Development has gained final approval from the Bal Harbour Village Council for the $400 million enhancement plan for Bal Harbour Shops, an upscale, 450,000-square-foot, open-air shopping center located in Bal Harbour, an incorporated village near Miami Beach.
New York City — O’Connor Capital Partners and Washington Prime (NYSE: WPG) have formed a joint venture for the ownership of seven open-air retail centers to totaling 2 million square feet and valued at $600 million.
Livermore, Calif. — RedMill Capital and ANICO Eagle LLC will break ground this month on The Shops at Livermore, a 115,000-square-foot mixed-use development in the upscale Bay Area suburb of Livermore.
Eatontown, N.J. — Kushner Companies and Rouse Properties have created a new joint venture to redevelop Monmouth Mall into the Heights at Monmouth, an innovative mixed-use destination that is expected to create a new destination marketplace for the area’s residents.
Corona, Calif. — Irvine, California-based Passco Companies has acquired Temescal Village, a 102,976-square-foot neighborhood shopping center in Corona, California, for $16.95 million.
Grossman and Summit Development To Develop Chappaqua Crossing on Former Reader’s Digest Headquarters
Chappaqua, N.Y. — Quincy, Massachusetts-based The Grossman Companies and Southport, Connecticut-based Summit Development are developing Chappaqua Crossing, a 120,000-square-foot high-end retail development on the site of the former Reader’s Digest Headquarters at 480 Bedford Road in Westchester County, New York.
Morristown and Maryville, Tenn. — Chattanooga, Tenn.-based CBL & Associates Properties Inc. has sold College Square and Foothills Mall in Tennessee to New York-based Time Equities Inc. for a combined $53.5 million.
Nashville, Tenn. — As first announced in the cover story of April issue of Shopping Center Business, GBT Realty Corp. has now officially launched its value-add division, naming industry veteran Scott Porter to lead the new venture.
Middletown, N.J. — Wegmans Food Markets will open a 130,000-square-foot store at National Realty & Development’s planned The Shoppes at Middletown in Middletown, New Jersey.