New York City and North Bergen, N.J. — Madison International Realty will acquire Forest City Realty Trust’s 51 percent interest in a 2.1 million-square-foot, 12-asset retail portfolio located in New York City and northern New Jersey for $1 billion.
Cedar Knolls, N.J. — Key Properties has opened Hanover Crossroads, a 170,000-square-foot shopping center located in Cedar Knolls.
Wayne, N.J. — HFF has secured $18.7 million in acquisition financing for West Belt Plaza, a retail center located 20 miles from Midtown Manhattan in Wayne, New Jersey.
Egg Harbor Township, N.J. — Wolfson Group has announced that Walmart Supercenter has opened as the anchor tenant at Oak Tree Plaza in Egg Harbor Township.
Weehawken, N.J. — Hartz Mountain Industries has broken ground for Whole Foods Market 365 at Lincoln Harbor, a mixed-use development on the Weehawken waterfront in New Jersey.
Eatontown, N.J. — Paramount Realty is set to break ground on Freedom Pointe, a mixed-use development located within the larger redevelopment of Fort Monmouth, a former Army Base in New Jersey.
New York City — Urban Edge Properties (NYSE: UE) has purchased a seven-property retail portfolio primarily within the New York City metro area and Missouri for $325 million. The portfolio contains a total of 1.5 million square feet.
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.
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.
Paramus, N.J. — A joint venture between Advance Realty and Invesco Real Estate is set to break ground on a 40,000-square-foot retail redevelopment roughly 22 miles outside New York City in Paramus, New Jersey.