Related Cos. unveiled its $500 million Gateway Center, at site of the former Bronx terminal market in New York. Anchors at the 1 million-square-foot center include BJ's Wholesale Club, Home Depot and Best Buy.
A northern New Jersey-based investor acquired Heritage Square, a 247,000-square-foot power center in South Brunswick, N.J., from Pineville Brunswick Development Associates for an undisclosed price. Target, Best Buy and Staples are the center's anchors.
A partnership between Diversified Partners and Desert Troon Cos. plans to break ground early next year on a $40 million mixed-use center in Mesa, Ariz. Red Mountain Commons will include 150,000 square feet of retail, 60,000 square feet of office and a hotel.