Property Types Retail
Stamford Site on the Market, Allows for Mixed-Use Development
May 19, 2008

The Procter & Gamble Co. said today that the buildings and property of One Blachley Road in Stamford, Conn. are available for purchase. The property is represented by  Cushman & Wakefield and includes a 32.68 acre manufacturing plant and two-story office building containing 672,654 square feet. The site is located in close proximity to downtown Stamford, offers access to I-95 and allows for mixed-use development of residential, retail and a variety of other ancillary uses including medical, government, industrial and flex space. Procter & Gamble plans to complete the transition of manufacturing activities by the end of March, 2010.

 
Recent Retail Headlines
H&R Sells 11 in Canada
July 03, 2008
H&R Real Estate Investment Trust has announced the completion of the sale of eleven retail properties. The firm netted approximately $72 million from the transaction. The company expects approximately a $9 million return on sale.
Carlton Arranges $630M Equity, Debt Recapitalization of Manhattan Retail Complex
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Carlton Advisory Services announce the $630 million equity and debt recapitalization of the retail condominium at 666 Fifth Avenue in New York City.
Orlando's First Nordstrom Rack to Anchor New 100,000SF Shopping Center
July 03, 2008
Millennia Crossing, a 100,000-square-foot shopping center scheduled to debut in Orlando, Fla. next spring, will become the home of the city's first Nordstrom Rack and the State of Florida's second such store.
Commission to Consider Lavonia Mall Redevelopment Plan
July 03, 2008
With most of Livonia Mall's tenants having negotiated lease terminations, the road has been paved for a massive remake of the shopping center just outside of Detroit, Mich., and the Livonia Planning Commission intends to give the plan the once-over on July 15, according to Crain's Detroit Business.
Lightstone Acquires Interests in 20 Outlet Centers in $456M Deal
July 02, 2008
Lightstone Value Plus REIT will soon have a stake in 20 factory outlet centers, now that it has signed on purchase from 22.54 to 25 percent interests in the properties from affiliates of Arbor Mortgage REIT.
 

 

$8.9B Penn Gaming Merger Crumbles
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By Barbra Murray, Contributing Editor After spending the last few months attaining all the requisite approvals from various gaming commissions and boards, Penn National Gaming has put the kibosh on its proposed $8.9 billion merger with PNG Acquisition Company Inc.,...

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By Gail Kalinoski, Contributing Editor Colonial Properties Trust, a multi-family-focused REIT, is continuing its plan to dispose of older assets by selling five apartment communities in two transactions for a total of $81.8 million. The buyer or buyers were not...

H&R Sells 11 in Canada
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By Thomas Peretti, Contributing Correspondent -- H&R Real Estate Investment Trust has announced the completion of the sale of eleven retail properties. The firm netted approximately $72 million from the transaction. The company expects approximately a $9 million return on...

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By Tonie Auer, Southwest Correspondent -- Less than a year after entering the Las Vegas market with the acquisition of the Lady Luck Hotel and Casino, Los Angeles-based CIM Group won a deal with the city to develop land adjacent...

Lightstone Acquires Interests in 20 Outlet Centers in $456M Deal
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By Barbra Murray, Contributing Editor Lightstone Value Plus REIT will soon have a stake in 20 factory outlet centers, now that it has signed on purchase from 22.54 to 25 percent interests in the properties from affiliates of Arbor Mortgage...

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