WHITE PLAINS-In the first major lease deal since it acquired the building a few months ago, Caspi Development Co. reports that the Bank of New York has signed a lease renewal deal for its 14,467 square feet office at 235 Main St.
SUFFERN, NY-If the cosmetics firm receives all the necessary approvals and incentives it requires, Avon Products Inc. hopes to begin construction on a new $93 million research and development facility here sometime next year.
WINDSOR, CT-Griffin Land, the real estate division of Griffin Land & Nurseries Inc. of New York City, reports that it has acquired the remaining 70% interest in two, 80,000-sf office buildings that are part of the Griffin Center office complex here.
TARRYTOWN, NY-DLC Management Corp. has acquired Olde Towne Plaza, a 288,000-sf strip regional power center in Ballwin, Mo. from Regency Centers of Jacksonville, Fla. for $32.3 million, globest.com has learned.
GREENWICH, CT-Urstadt Biddle Properties Inc. reports it has signed a $41-million contract to acquire a 185,000-sf shopping center property in the Westchester/Fairfield County area.
WHITE PLAINS-Cappelli Enterprises reports it has retained HRH Construction of New York City as the construction manager for its 35-story residential tower, part of its $300-million City Center at White Plains project.
OSSINING, NY-A local commercial broker has filed a $120-million lawsuit in New York State Supreme Court charging that the Town of Ossining and some of its chief officials conspired with a local business to deprive him of a brokerage commission on the sale of a parcel of property.
DANBURY, CT-Yonkers, NY-based Westrock Development has acquired 82 Mill Plain Rd., a 50,000-sf industrial building here for $1.75 million. The deal marks the firm's second purchase in this market in recent months.
WHITE PLAINS-The Winter Organization of New York City, the owner of the 81 Main St. office building in downtown White Plains has announced that it will undertake an extensive renovation/modernization program to make the building more competitive with other nearby class A properties.
STAMFORD, CT-The Arch Insurance Co. has expanded its presence in lower Fairfield County by leasing 20,000 sf of space at the First Stamford Place office complex here. The new offices were formerly occupied by public relations firm Brodeur Worldwide, which relocated its operations to Wilton.