STAMFORD, CT-AvalonBay Communities has acquired Avalon at Greyrock, a 306-unit high-rise in downtown Stamford for $69.9 million. The move greatly increases its presence in the lower Fairfield County marketplace.

STAMFORD, CT-AvalonBay Communities has acquired Avalon at Greyrock, a 306-unit high-rise in downtown Stamford for $69.9 million. The move greatly increases its presence in the lower Fairfield County marketplace.

WHITE PLAINS, NY-The last of a series of major residential housing projects in downtown White Plains broke ground on Tuesday. The $30-million venture called "The Hamilton" will feature 106 rental housing units when completed.

WHITE PLAINS, NY-A downtown office complex that was once the home of Prodigy Inc. is about to be put on the market for sale here. In addition, two other downtown office properties are under contract with a new buyer.

WHITE PLAINS-Smarts, a software development firm, has signed a 40,000-sf sublease deal for its corporate headquarters operations at 44 South Broadway here.

WHITE PLAINS-A host of city and county luminaries were on hand Wednesday for the official groundbreaking of Fortunoff, the Source at White Plains, a 250,000-sf retail center located at 100 Bloomingdale Rd.

STAMFORD, CT-GE Capital Healthcare Financial Services is GE Capital's new $9-billion unit that will provide real estate financing and other similar products for the healthcare industry.

NICHOLS, NY-Consumer electronics retailer Best Buy Co., reports that it has broken ground on a new 650,000-sf distribution facility here that will service the company's stores in New York, New Jersey, Connecticut, Pennsylvania and New England.