Macerich acquired two large retail centers in the New York City area for $1.25 billion. It acquired Kings Plaza in Brooklyn for $751 million and Green Acres Mall in Nassau County. The sellers were subsidiaries of Vornado Realty Trust.
Stonemar Properties and Kimco Realty Corp. partnered to acquire Jackson Plaza, a 350,000-square-foot shopping center in Cookeville, Tenn., for $30 million. Stonemar is exploring additional acquisitions in Arkansas, Georgia and Louisiana.