REAL ESTATE

Los Angeles — The largest residential development currently under construction in downtown Los Angeles, One Santa Fe has been “topped out” by Bernards, the commercial builder directing the project.

Construction companies “top out” projects when they add the last beam to the top of a building.

Cincinnati -- Macy’s announced an agreement for Macy’s and Bloomingdale’s stores to anchor the new Mall at Miami Worldcenter, to be built in downtown Miami. Current plans call for the stores to open in fall 2016.

Miami Worldcenter, a major mixed-use project with retail, hotel, residential and convention space, is being planned by The Forbes Company and Taubman Centers.

Watauga, Texas — Dollar Tree has leased an 8,450-sq.-ft. location at Brooks Crossing, a community retail center in Watauga, Texas. The Weitzman Group represented the shopping center, and The Retail Connection represented Dollar Tree.

The Brooks Crossing tenant line-up includes Albertsons, GameStop, Tuesday Morning, Chase, GNC, Subway, Taco Bell and others. Cencor Realty Services manages Brooks Crossing.

Northbrook, Ill. — StreetMac Asset Managers and Five Mile Capital Partners LLC have joined forces to recapitalize Stratford Square Mall in Bloomingdale, Ill.

The 1.3 million-sq.-ft. mall features more than 100 stores and restaurants, a 14-screen cinema complex and national retail anchors including Macy’s, Sears, Carson Pirie Scott, J.C. Penney, Kohl’s and Burlington Coat Factory.

Oakbrook Terrace, Ill. — Mid-America Asset Management Inc. has announced six retail leases in four Chicago shopping centers.

Phoenix — The Tabani Group has acquired the 578,666-sq.-ft. Prescott Gateway Mall in Prescott, Ariz., according to CBRE, the broker that represented the undisclosed seller in the transaction.

New York  — DryClean NYC has signed a lease for a fourth location in Upper Manhattan, according to Faith Hope Consolo, chairman, Joseph A. Aquino, executive VP and Arthur Maglio of Douglas Elliman’s Retail Group, who arranged the lease. The new store will open at 708 St. Nicholas Avenue, between 145 and 146th Streets.

This is the fifth lease the Retail Group has arranged in the building. The other four stores include Sugar Hill Medical Plaza, Unity Wines & Spirits, W Dental and Metro PCS.

New York -- In a continued effort to return the Port Authority of New York and New Jersey to its core mission, the Board of Commissioners today approved the sale of the agency’s remaining 50% joint venture in the World Trade Center retail project to the Westfield Group for $800 million.