<rss version="2.0" xmlns:ynewsrss="http://news.yahoo.com/rss.html"><channel><title><![CDATA[Westchester/So Connecticut Commercial Real Estate News From CoStar Group]]></title><link><![CDATA[http://www.costar.com/]]></link><description><![CDATA[CoStar Group, Inc. is the leading provider of information services to commercial real estate property investors and sales professionals in the United States and United Kingdom. CoStar's suite of services offers access to the most comprehensive database of commercial real estate information and commercial property listings available in its markets.]]></description><language><![CDATA[en]]></language><category domain="Yahoo"><![CDATA[Business/Real_Estate_and_Housing]]></category><ttl>15</ttl><image><title><![CDATA[CoStar Group, Inc.]]></title><link><![CDATA[http://www.costar.com/]]></link><url><![CDATA[http://www.costar.com/SharedFiles/Common/images/logos/CoStarGroup112.gif]]></url></image><item><title><![CDATA[CoStar's People of Note (June 9 - 15)]]></title><link><![CDATA[http://www.costar.com/News/Article/CoStars-People-of-Note-June-9-15/149473?ref=/News/Article/CoStars-People-of-Note-June-9-15/149473&src=rss]]></link><description><![CDATA[This week's People of Note includes the following markets: New York City, Northern New Jersey, St. Louis, Portland, and Tampa.
 
GLOBAL
Cushman & Wakefield Names Sant’Albano as Interim CEO, Replacing Rufrano 
By Paul Norman

Cushman &  Wakefield has named Carlo Barel di Sant’Albano as the interim CEO replacing Glenn Rufrano.  Sant’Albano will continu]]></description><author><![CDATA[Justin Sumner <news@costar.com>]]></author><pubDate><![CDATA[Fri, 14 Jun 2013 03:19:49 GMT]]></pubDate></item><item><title><![CDATA[Mack-Cali Promotes Six Longtime Employees]]></title><link><![CDATA[http://www.costar.com/News/Article/Mack-Cali-Promotes-Six-Longtime-Employees/149453?ref=/News/Article/Mack-Cali-Promotes-Six-Longtime-Employees/149453&src=rss]]></link><description><![CDATA[New Jersey-based Mack-Cali Realty Corporation (NYSE: CLI), a fully-integrated, self-administered, self-managed real estate investment trust, has announced the promotion of six longtime employees to executive-level positions within the firm.

Francis X. Shea has been named vice president of development, responsible for Mack-Cali's commercial development activities including land development and interior renovations.  He joined Robert Martin Company...]]></description><author><![CDATA[Justin Sumner <news@costar.com>]]></author><pubDate><![CDATA[Thu, 13 Jun 2013 06:32:22 GMT]]></pubDate></item><item><title><![CDATA[Walmar Realty Grp Pays $3.4M for Bronx Multifamily]]></title><link><![CDATA[http://www.costar.com/News/Article/Walmar-Realty-Grp-Pays-$34M-for-Bronx-Multifamily/149301?ref=/News/Article/Walmar-Realty-Grp-Pays-$34M-for-Bronx-Multifamily/149301&src=rss]]></link><description><![CDATA[Walmar Realty Group LLC, a New York-based owner and developer, acquired the multifamily building at 2350 Creston Ave. in Bronx, NY from Townhouse Management Co., Ltd. for $3.4 million, or about $81,000 per unit. 

The 32,405-square-foot building delivered in 1920 in the Bronx submarket. The asset houses 44 apartment units that are slated for renovation in the near future, according to CoStar information.

The seller was represented by Weissman...]]></description><author><![CDATA[Brandon Norris <news@costar.com>]]></author><pubDate><![CDATA[Wed, 12 Jun 2013 01:34:02 GMT]]></pubDate></item><item><title><![CDATA[The Morgan Grp Acquires Bronx Mid-Rise for $5.9M]]></title><link><![CDATA[http://www.costar.com/News/Article/The-Morgan-Grp-Acquires-Bronx-Mid-Rise-for-$59M/149300?ref=/News/Article/The-Morgan-Grp-Acquires-Bronx-Mid-Rise-for-$59M/149300&src=rss]]></link><description><![CDATA[The Morgan Group, a Connecticut-based developer and construction management company, acquired the 73-unit multifamily property at 1710-1730 Popham Ave. in Bronx, NY from Hudson Capital Realty LLC for $5.9 million, or about $81,000 per unit. 

The 67,600-square-foot, mid-rise apartment building delivered in 1931 and 1937.   According to CoStar information, this sale was part of a larger portfolio of properties that were liquidated by the seller.

Reportedly...]]></description><author><![CDATA[Marcus L. Smith <news@costar.com>]]></author><pubDate><![CDATA[Wed, 12 Jun 2013 12:36:02 GMT]]></pubDate></item><item><title><![CDATA[Leifer Gold Pays $6.9M for Bronx Multifamily]]></title><link><![CDATA[http://www.costar.com/News/Article/Leifer-Gold-Pays-$69M-for-Bronx-Multifamily/149160?ref=/News/Article/Leifer-Gold-Pays-$69M-for-Bronx-Multifamily/149160&src=rss]]></link><description><![CDATA[Leifer Gold LLC acquired the 62-unit multifamily building at 1314 Seneca Ave. in Bronx, NY from DelShah Capital LLC for $6.9 million, or about $112,000 per door. 

The 66,989-square-foot apartment building was delivered in 1928 on one-third of an acre in the Bronx County submarket.  The property consists of two retail units on the ground floor in addition to 30 one-bedroom, 18 two-bedroom and 12 three-bedroom apartments with asking rents between...]]></description><author><![CDATA[Dunia Thornton <news@costar.com>]]></author><pubDate><![CDATA[Tue, 11 Jun 2013 03:11:28 GMT]]></pubDate></item><item><title><![CDATA[Market Trend:  Select Top Three Westchester / Southern Connecticut Retail Leases Signed in Q1 2013]]></title><link><![CDATA[http://www.costar.com/News/Article/Market-Trend-Select-Top-Three-Westchester-Southern-Connecticut-Retail-Leases-Signed-in-Q1-2013/149319?ref=/News/Article/Market-Trend-Select-Top-Three-Westchester-Southern-Connecticut-Retail-Leases-Signed-in-Q1-2013/149319&src=rss]]></link><description><![CDATA[The select top <a href="http://www.showcase.com/retail-space" target="_blank">retail lease</a> signed during the first quarter of 2013 in the Westchester/So Conn. market was at 14 Danbury Rd. in the Wilton submarket.  Michael's leased 20,000 square feet there.  Urstadt Biddle Properties, Inc. handled the deal for the landlord.

CVS leased 13,500 suare feet at 537 Canal St. in Stamford, CT.  Heyman Properties represented the landlord in the deal.

Kid City signed an 11,000-square-foot lease at 750 Central Park...]]></description><author><![CDATA[Justin Sumner <news@costar.com>]]></author><pubDate><![CDATA[Mon, 10 Jun 2013 03:57:37 GMT]]></pubDate></item><item><title><![CDATA[CoStar's People of Note (June 2 - 8)]]></title><link><![CDATA[http://www.costar.com/News/Article/CoStars-People-of-Note-June-2-8/149271?ref=/News/Article/CoStars-People-of-Note-June-2-8/149271&src=rss]]></link><description><![CDATA[This week's People of Note includes the following markets: South Florida, South Bay, New York City, Atlanta, Philadelphia, Texas, and the Southwestern U.S.
 
SOUTH FLORIDA
Balish Appointed to President, CEO at ARS 
By Justin Sumner

Adler Realty Services (ARS), a division of Adler Group, has appointed Christopher Balish as president and chief executive officer. In his new role, Balish will be responsible for overseeing a]]></description><author><![CDATA[Justin Sumner <news@costar.com>]]></author><pubDate><![CDATA[Fri, 07 Jun 2013 04:52:06 GMT]]></pubDate></item><item><title><![CDATA[Update:  Fleet Pump & Svcs Leases 31,000 SF in Elmsford]]></title><link><![CDATA[http://www.costar.com/News/Article/Update-Fleet-Pump-Svcs-Leases-31000-SF-in-Elmsford/148957?ref=/News/Article/Update-Fleet-Pump-Svcs-Leases-31000-SF-in-Elmsford/148957&src=rss]]></link><description><![CDATA[Fleet Plump & Services, a subsidiary of G.A. Fleet, has signed a lease to occupy 30,945 square feet at 455 Knollwood Rd. in Elmsford, NY.

The 30,945-square foot building was built in 1968 and is situated on 2.4 acres. The building was purchased by Simone Development from Verizon in 2009. Fleet Pump & Service will occupy the entire property as a testing facility for commercial-grade pumping equipment.

"We're pleased to satisfy Fleet Pump & Service...]]></description><author><![CDATA[Tanika Belfield-Martin <news@costar.com>]]></author><pubDate><![CDATA[Wed, 05 Jun 2013 08:55:01 GMT]]></pubDate></item><item><title><![CDATA[Urstadt Biddle Acquires Two Strip Centers for $18M]]></title><link><![CDATA[http://www.costar.com/News/Article/Urstadt-Biddle-Acquires-Two-Strip-Centers-for-$18M/149099?ref=/News/Article/Urstadt-Biddle-Acquires-Two-Strip-Centers-for-$18M/149099&src=rss]]></link><description><![CDATA[Urstadt Biddle Properties, Inc. has acquired two retail properties from Chimblo Real Estate Enterprises LLC for $18 million, or about $741 per square foot. The two shopping centers were 75 percent occupied at the time of the sale.

125-143 W. Putnam Ave. in Greenwich is a 9,300-square-foot strip center situated on a little over half an acre. The center includes a JP Morgan Chase Bank, Cosi and other retail tenants.  393-409 E. Putnam Ave. in Cos...]]></description><author><![CDATA[Tanika Belfield-Martin <news@costar.com>]]></author><pubDate><![CDATA[Wed, 05 Jun 2013 07:22:59 GMT]]></pubDate></item><item><title><![CDATA[Vebell Joins Cushman & Wakefield]]></title><link><![CDATA[http://www.costar.com/News/Article/Vebell-Joins-Cushman-Wakefield/149097?ref=/News/Article/Vebell-Joins-Cushman-Wakefield/149097&src=rss]]></link><description><![CDATA[Cushman & Wakefield, Inc. has hired Andra Vebell as an associate director of the retail brokerage group in the firm's Stamford office. She previously worked for Angel Commercial, LLC where she provided sales and leasing services throughout Fairfield County.

"As we continue to invest in our retail platform, we were fortunate to attract a professional with Andra's pedigree," said Jim Fagan, senior managing director and market leader of Cushman &...]]></description><author><![CDATA[Tanika Belfield-Martin <news@costar.com>]]></author><pubDate><![CDATA[Wed, 05 Jun 2013 06:53:50 GMT]]></pubDate></item><item><title><![CDATA[Sunray Food Products Sells Bronx Facility]]></title><link><![CDATA[http://www.costar.com/News/Article/Sunray-Food-Products-Sells-Bronx-Facility/149089?ref=/News/Article/Sunray-Food-Products-Sells-Bronx-Facility/149089&src=rss]]></link><description><![CDATA[Sunray Food Products Corporation sold the industrial facility at 3441 Kingsbridge Ave. in the Bronx, NY to an undisclosed recipient for $1.1 million, or about $98 per square foot. 

The two-story, 11,200-square-foot warehouse delivered in 1930 and will be occupied by its new owner later this fall. 

Michael Rao of New York Commercial Realty Group represented both the seller and the buyer in the sale.

Please see CoStar COMPS #2732281 for more...]]></description><author><![CDATA[Marcus L. Smith <news@costar.com>]]></author><pubDate><![CDATA[Wed, 05 Jun 2013 05:24:03 GMT]]></pubDate></item><item><title><![CDATA[In The Pipeline: CoStar Development & Construction News for June 2 - 9]]></title><link><![CDATA[http://www.costar.com/News/Article/In-The-Pipeline-CoStar-Development-Construction-News-for-June-2-9/149109?ref=/News/Article/In-The-Pipeline-CoStar-Development-Construction-News-for-June-2-9/149109&src=rss]]></link><description><![CDATA[Nonresidential Construction Spending Boosted By Private Projects
The recovery in private nonresidential construction continued on a slow and steady track this spring according to new data from the U.S. Census Bureau, with construction spending rising in April from the previous month's disappointing number.

Total nonresidential spending rose by a modest 0.7% in April to a seasonally adjusted annual rate of $552.45 billion, but remains down 2.1...]]></description><author><![CDATA[Randyl Drummer <news@costar.com>]]></author><pubDate><![CDATA[Wed, 05 Jun 2013 06:48:19 GMT]]></pubDate></item><item><title><![CDATA[Parker Promoted to FVP at Marcus & Millichap]]></title><link><![CDATA[http://www.costar.com/News/Article/Parker-Promoted-to-FVP-at-Marcus-Millichap/149129?ref=/News/Article/Parker-Promoted-to-FVP-at-Marcus-Millichap/149129&src=rss]]></link><description><![CDATA[Marcus & Millichap Real Estate Investment Services has elected J.D. Parker to first vice president in the New York City market.

Parker currently serves as regional manager of the Manhattan, White Plains and New Haven offices, as well as the northeast regional director of the firm's special assets services division.  He joined the firm in 2004, and was named to sales manager in Manhattan in 2006 and promoted to regional manager in Brooklyn in 2007...]]></description><author><![CDATA[Justin Sumner <news@costar.com>]]></author><pubDate><![CDATA[Tue, 04 Jun 2013 04:34:48 GMT]]></pubDate></item></channel></rss>