Equity One Acquires 22-Acre Property on Long Island, New York

Equity One, Inc., an owner, developer, and operator of shopping centers, announced today it has closed on the purchase of a 22-acre property on Long Island, New York. The site, the former world headquarters for Avis Rent A Car, is adjacent to Equity One’s Westbury Plaza, a 400,000 square foot shopping center located in one of the most productive retail regions in the country. Equity One acquired Westbury Plaza, which is anchored by Wal-Mart and... 

On the Cusp of Black Friday, Colliers International Issues Semi-Annual Retail Report, Showing Marked Weakness in Retail Real Estate as 2009 Approaches

The U.S. retail market has undergone a sea change not experienced in this country since the early 1980s, according to the bi-annual Retail Real Estate Report issued today by Colliers International, a leading global real estate services firm. Due to recessionary conditions, retail real estate will be significantly afflicted for the remainder of this year and well into 2009, according to Colliers. Several reasons drive this monumental slowdown in retail... 

KB Home and Martha Stewart Introduce New Active Adult Community in La Quinta, California

Martha Stewart Living Omnimedia and KB Home announced their newest project — an active adult community in La Quinta, California. These new KB homes created with Martha Stewart will represent KB Home’s first community built exclusively for adults 55 and over. “I’m very excited about our newest Martha Stewart community with KB Home created especially for mature adults who lead active lives,” said Martha Stewart. “As in all of our communities,...