Globest Sectors

ORLANDO-One of the fastest-growing active retirement communities in the United States, the 20-year-old, privately owned Lady Lake, FL venture has fought off a protracted lawsuit aimed at barring the construction of 43,000 new homes, four million sf of retail, 2,000 acres of golf courses and two town centers on 7,000 acres, 60 miles northwest of Downtown Orlando.

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.

LONDON-The AIM-listed property developer and trader Halladale Group in a joint venture with Citigroup Alternative Investments has bought a mainly retail portfolio from Henderson Global Investors and the United Bank of Kuwait's Opportunity Fund.

WAUKEGAN, IL-Tricon Global Restaurants, Inc. will build a Pizza Hut restaurant on a 23,522-sf site at the Lake Plaza retail center at Route 120 and Green Bay Road it acquires from Simon Properties for $188,179.

WESLEY CHAPEL, FL-The Pasco County Commission has just given the go ahead for the proposed Cypress Creek development, a multi-faceted project that would bring a hotel, office space, retail space and residential units to the largely undeveloped area.

CYPRESS, CA-The manufacturing company inks a 62-month lease for industrial space at 6185 Phyllis Dr. The new tenant is joining current occupants Foxconn and GTECH in the facility.

WOODLAND HILLS, CA-The insurance company takes 30,000 sf of space in a Warner Center office park owned by the REIT. The move will combine and expand two existing claims offices in Woodland Hills and Ventura.

BOCA RATON-The Renaissance Hotel completes a $9 million renovation project that began 18 months ago. The 189-room property existed as a Sheraton Hotel for nearly 20 years before Detroit, MI-based owner Trident-Allied LLC reinvented the property under Marriott's Renaissance brand.